About CREAR

CREAR - Center of Research in Econo-finance and Actuarial sciences on Risk
ESSEC Paris Singapore | crear.essec.edu
ESSEC Business School
Avenue Bernard Hirsch BP 50105 | Cergy-Pontoise 95021 Cedex France 
ESSEC Asia-Pacific
5 Nepal Park | Singapore 139408

Announcement: see more ...
  • 'RARE' special issue in the Annals of Actuarial Science (Sept. 2018) featuring a foreword written by Paul Embrechts (ETH Zurich) and a foreword by the Guest Editors,  Corina Constantinescu (IFAM Liverpool), Enkelejd Hashorva (HEC Lausanne) and Marie Kratz (ESSEC CREAR) 
  • 4th SAS ERM & ESSEC CREAR Conference on Cyber risks – Threats and Opportunities for the Asia Pac Insurance Industry (2018, July 26-27, ESSEC Asia Pacific): watch 5 interviews (videos) posted online (Sept. 5, 2018) by the magazine Asia Insurance Review

CREAR (Center of Research in Econo-finance and Actuarial sciences on Risk / Centre de Recherche Econo-financière et Actuarielle sur le Risque) aims at strengthening the exchange between academics and professionals who also strive for excellence in their modeling of risks, and fostering research on this topic.

Research in risk management needs to develop toolkits based on fundamental research and various fields of expertise. ESSEC combines many of those, which is a big strength for CREAR. These main research fields are : 

  • Data Science / Statistics 
  • Economics / Econometrics
  • Extremes
  • Forecasting
  • Probability
  • Quantitative Finance
  • Quantitative Risk Management
  • Real Estate Investments
  • Regulation and Valuation (IFRS)

Those fields overlap different departments at ESSEC (Paris & Singapore), namely: Accounting and Control, Economics, Finance, IDS. They involve various members of these departments in a transversal way.

Besides participation of ESSEC researchers, CREAR establishes productive links with similar international research laboratories and companies.

It is also a support for the actuarial track and the Quantitative Risk Management track within the PhD in Finance.

The main focus of CREAR towards professionals and financial institutions is to create an efficient organization dealing with

1.     quantitative research on financial and insurance risks

2.     focused on (re)insurances and bank-insurances

3.     in the background of the new risk based regulation (Solvency 2 Pillar 1 and ORSA , Swiss Solvency Test, Risk Based Capital from NAIC)