Rate My Professor Shuanming Li

Shuanming Li is Professor of Actuarial Studies in the Department of Economics within the Faculty of Business and Economics at the University of Melbourne. He is a key member of the Centre for Actuarial Studies and holds a PhD. His primary research specializations lie in actuarial mathematics, with a focus on risk models and ruin theory. Li's academic interests extend to ruin probabilities, stochastic asset allocation, reinsurance games under various claim processes, dividend policies, and sophisticated stochastic frameworks such as Lévy processes, Hawkes processes, Markov-modulated processes, and models incorporating contagious claims. He employs advanced techniques including the analysis of integral-differential equations, scale functions, and copula-based mixtures in insurance and financial risk modeling.

Professor Li has an extensive publication record that underscores his influence in the field. Among his most cited works are "On ruin for the Erlang (n) risk process" (S. Li and J. Garrido, 2004, Insurance: Mathematics and Economics, 355 citations), "On a class of renewal risk models with a constant dividend barrier" (S. Li and J. Garrido, 2004, 170 citations), "On a general class of renewal risk process: analysis of the Gerber-Shiu function" (S. Li and J. Garrido, 2005, 134 citations), "The distribution of the dividend payments in the compound Poisson risk model perturbed by diffusion" (S. Li, 2006, 104 citations), "On the probability of ruin in a Markov-modulated risk model" (Y. Lu and S. Li, 2005, 103 citations), "The Gerber–Shiu function in a Sparre Andersen risk process perturbed by diffusion" (S. Li and J. Garrido, 2005, 95 citations), "A review of discrete-time risk models" (S. Li, Y. Lu, and J. Garrido, 2009, 82 citations), and "On a class of discrete time renewal risk models" (S. Li, 2005, 79 citations). Recent publications include "Optimal strategies for collective defined contribution plans when the stock and labor markets are co-integrated" (2025), "Discrete-Time Risk Model With Time-Varying Premiums: Analysis of Ruin Probabilities" (2024), "Optimal dividend policy with self-exciting claims in the Gamma–Omega model" (2024), "Valuing equity-linked annuities under high-water mark fee structure" (2023), and "A scale function based approach for solving integral-differential equations in insurance risk models" (2023). His contributions continue to shape actuarial science and risk management practices.