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Universities win actuary research cash

Four British universities are to benefit from £52,000 of research funding from the Faculty and Institute of Actuaries.

City University, Imperial College, Heriot Watt and Glasgow Caledonian universities all received grants of between £5,000 and £11,500.

A further award was made to the National Insurance Academy of India – the first time that an award has sponsored research in India.

The grant scheme is now in its fifth year.

The grants will be used to research areas such as interest rate modelling using genetic programming, risk modelling by postcode area in general insurance and asset liability.

Actuarial profession&#39s research steering commit-tee chairman Tim Sheldon says: “The profession is delighted to be able to support such a diverse range of research projects once again this year, extending a successful programme of grant awards to British universi-ties since 1996.

“The aim of our research grants is to advance knowledge in the UK in the areas of finance and risk, placing particular emphasis on projects of current social and finan-cial concern.”

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