■ Introduction
Professor Ouh Chang-Su currently serves as a faculty member in the Department of Business Administration at Hanyang University. He earned a B.A. in Public Administration from Yonsei University, and later obtained master’s degrees in Actuarial Science and Business from the University of Iowa, as well as a Ph.D. in Business Administration.
His major authored works include Modern Actuarial Science and Insurance and Risk Management, and he has published extensively in national and international journals such as Journal of Insurance Studies and Risk Management Studies.
He has held a number of important roles, including Chief Actuary of the National Pension Service, President of the Korean Risk Management Society, Executive Director of the Korean Insurance Society, member of the Financial Development Committee, member of the Risk Supervision Advisory Committee (FSS), member of the Life Insurance Listing Advisory Committee (Korea Exchange), member of the Insurance Company Restructuring Committee (FSC), member of the Financial Dispute Mediation Committee, member of the Actuarial Standards Committee, and President of the Korean Actuarial Society. He currently serves as Editor-in-Chief of Insurance Finance Research, a financial supervisory advisory committee member, and advisor on IFRS implementation.
■ Education
1980, Yonsei University, B.A. in Public Administration
1988, University of Iowa, M.S. in Actuarial Science & M.S. in Business
1989, University of Iowa, Ph.D. in Business Administration
■ Career
1990–Present: Professor, Department of Business Administration, Hanyang University
1996–1998: Chair, Department of Business Administration, Hanyang University
■ Research Interests
Insurance premium pricing, design of insurance products, fair-value valuation of insurance liabilities, adoption of international accounting standards (e.g. IFRS), Solvency II, integrated asset-liability evaluation, valuation of insurance firms, new capital adequacy regimes for insurers
■ Major Books
Modern Statistics (co-author), Pakyoungsa, 1995
Life Insurance Theory (co-author), Pakyoungsa, 2001
Insurance and Risk Management (co-author), Munyoungsa, 2010
Exercises in Modern Actuarial Science, Pakyoungsa, 2014
Modern Actuarial Science (Third Revised Edition), Pakyoungsa, 2015
■ Academic Service & Leadership
Executive Director, Korean Risk Management Society, 2007–2008
Vice President, Korean Risk Management Society, 2008–2009
Executive Director, Korean Insurance Society, 2008–2009
Editor-in-Chief, Korean Risk Management Society, 2010
Vice President, Korean Insurance Society, 2009–2010
President, Korean Risk Management Society, 2011–2012
President, Korean Actuarial Society, 2012–2015
Editor-in-Chief, Insurance Finance Research, 2015–2017
■ Other Credentials & Public Roles
Associate of the Society of Actuaries (ASA), 1989
Korean Certified Actuary, 1995
Member, National Pension Fiscal Projection & Actuarial Advisory Committees, 1994–1996
Specialist Member, National Pension Reform Planning Committee, 1997
Member, Insurance Company Normalization Evaluation Committee (FSS), 1998
Member, Financial Development Committee (Ministry of Economy & Finance), 1998
Member, Insurance Company Restructuring Committee (FSC), 1998–1999
Member, Non-life Insurer Evaluation Committee (FSS), 2003–2005
Member, Segregated Actuarial Committee (FSC), 2004–2007
Member, Life Insurer Listing Advisory Committee (Korea Exchange), 2004–2007
Member, Risk Supervision Advisory Committee (FSS), 2006–2007
Policy Advisory Committee Member for Insurers (FSS), 2008–2010
Member, Actuarial Standards Committee (FSS), 2010–2015
Member, Financial Development Committee (FSC), 2010–2013
Member, Financial Consumer Advisory Committee (FSS), 2010
Member, Financial Dispute Mediation Committee (FSS), 2011–2015
Member, Financial Supervision Advisory Committee (FSS), 2012–2017