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Shu Li

Dr. Li is an assistant professor in Actuarial Sciences at Western University. She is an Associate of the Society of Actuaries. Her research areas include exotic risk/ruin theory, with a particular interest in the stochastic modeling with adaptive and optimal strategies and their risk management implications, as well as predicative analytics in insurance and finance.

Areas of Interest

  • Risk Theory

  • Ruin Theory

  • Stochastic Modeling in Actuarial Science

  • Risk Management

  • Predictive Analytics


  • Gweon, H., Li, S. (2023). A hybrid data mining framework for variable annuity portfolio valuation. ASTIN Bulletin: The Journal of the IAA, 1-16. doi:10.1017/asb.2023.26.

  • Li, S., Zhou, X. (2022). The Parisian and ultimate drawdowns of Lévy insurance models. Insurance: Mathematics and Economics 107, 140 – 160.

  • Gweon, H., Li, S. (2021). Batch mode active learning for valuing large variable annuity portfolios. Insurance: Mathematics and Economics 99, 105 – 115.

  • Wang, Z., Landriault, D., Li, S. (2021). An insurance risk process with a generalized income process: a solvency analysis. Insurance: Mathematics and Economics 98, 133 – 146.

  • Avram, F., Li, B., Li, S. (2021). General drawdown of general tax model in a time-homogeneous Markov framework. Journal of Applied Probability 58(4), 1131 – 1151.

  • Gwoen, H., Li, S., Mamon, R. (2020). An effective bias-corrected bagging method for valuing large variable annuity portfolios. ASTIN Bulletin 50(3), 853 – 871.

  • Czarna, I., Kaszubowski, A., Li, S., Palmowski, Z. (2020). Fluctuation identities for omega-killed Markov additive processes and dividend problem. Advances in Applied Probability 52(2), 404 – 432. .

  • Landriault, D., Li, B., Li, S. (2018). Expected Utility of the Drawdown-Based Regime-Switching Risk Model with State-Dependent Termination. Insurance: Mathematics and Economics 79, 137 – 147.

  • Landriault, D., Li, B., Li, S. (2017). Drawdown Risk Analysis for the Renewal Insurance Risk Process. Scandinavian Actuarial Journal 3, 267 – 285.

  • Li, S., Landriault, D., Lemieux, C. (2015). A Risk Model with Varying Premiums: Its Risk Management Implications. Insurance: Mathematics and Economics 60, 38 – 46.

  • Landriault, D., Li, B., Li, S. (2015). Analysis of a Drawdown-Based Regime-Switching Lévy Insurance Model. Insurance: Mathematics and Economics 60, 98 – 107.


Email address:

Phone number: 519-661-2111 x85419

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