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M. Michel Denuit

SSH/ESPO - Faculté des sciences économiques, sociales, politiques et de communication
SSH/IMAQ - Institut multidisciplinaire pour la modélisation et l'analyse quantitative (IMMAQ)
SSH/IMAQ/ISBA - Institut de Statistique, Biostatistique et Sciences Actuarielles (ISBA)

Address
  ISBA - Voie du Roman Pays 20 bte L1.04.01 à 1348 Louvain-la-Neuve
E-mail
 
ISBA
  Phone : 010 47 28 35
  Fax : 010 47 30 32
  Building : CV09; Floor 01; Office D 130; Site Louvain-la-Neuve
ISBA
  Phone : 010 47 28 35
  Fax : 010 47 30 32
  Building : CV09; Floor 01; Office D 130; Site Louvain-la-Neuve


Degrees

year

degree title

institution

1992Candidat en sciences - groupe sciences mathématiquesUniversité Libre de Bruxelles
1994Licencié en sciences - groupe sciences mathématiquesUniversité Libre de Bruxelles
1996Licencié en sciences actuariellesUniversité Libre de Bruxelles
1997Docteur en sciences - orientation statistiqueUniversité Libre de Bruxelles

Research and teaching positions

  • 1999-date
    Full-time Professor of Probability, Statistics and Actuarial Mathematics, UCL, Louvain-la-Neuve, Belgium
  • 1994-1999
    Full-time Teaching and Research Assistant in Probability and Statistics, ULB, Brussels, Belgium
  • 1992-1994
    Student Instructor in Mathematics, ULB, Brussels, Belgium

Professional duties

  • 2009-date
    Responsible for the master program in actuarial science at UCL, Louvain-la-Neuve, Belgium
  • 2002-2010
    Academic Secretary of the "Actuarial Science" Contact Group of the Belgian National Fund for Scientific Research (FNRS)
  • 2006-2009
    Chairman of the Institute of Statistics, UCL, Louvain-la-Neuve, Belgium
  • 2002-2009
    Academic Secretary of the Institute of Actuarial Science, UCL, Louvain-la-Neuve, Belgium
  • 1998-2003
    Elected representative in several committees of the Royal Society of Belgian Actuaries (ARAB-KVBA, now IA.BE) including national and international Education Committees, International Affairs Committee and Directorial Board

Courses

Academic Year 2011 - 2012
LACTU 2010 NON LIFE INSURANCE 1
LACTU 2030 LIFE INSURANCE 1
LACTU 2060 LIFE INSURANCE 2
LACTU 2200 NON LIFE INSURANCE 2
LACTU 2230 Health Insurance

Visiting professorships 

  • Institute of Mathematics, Université de Liège (Liège, Belgium, 1997-1999)
  • Department of Mathematics, Université Libre de Bruxelles (Brussels, Belgium, 1998-1999)
  • National Institute of Statistics and Applied Economics - INSEA (Rabat, Marocco, 1997-2003)
  • Institut de Science Financière et d'Assurances (ISFA), Université Claude Bernard - Lyon 1 (Lyon, France, 2000-2005)
  • Ecole Nationale de la Statistique et de l'Analyse de l'Information (ENSAI, Rennes, France, 2003-2004)
  • Ecole Nationale de la Statistique et de l'Administration Economique (ENSAE, Paris, France, 2007-2008)
  • AFI Leuven Research Center - Actuarial Science research group, KULeuven (Leuven, Belgium, 2008-2011)
  • Département de Sciences Actuarielles, Faculté des HEC, UNIL (Lausanne, Switzerland, 2011-2014)

Actuarial education reports

  • Denuit, M., & Dhaene, J. (1999). Education Project KVBA-ARAB Universities. Report to the Directorial Board of the Royal Society of Belgian Actuaries.
  • Denuit, M., & Dhaene, J. (2000). Towards an Internationally Recognized Actuarial Qualification in Belgium. Report to the President of the Royal Society of Belgian Actuaries.
  • Denuit, M., Dhaene, J., & Van Wouwe, M. (2002). Linking a university-based actuarial education system to a professional organisation: The Belgian case. Report to the Education Committee of the International Actuarial Association.
  • Denuit, M., & Devolder, P. (2003). Harmonisation européenne de la structure des études supérieures (3-5-8, Bologne ou BaMa). Opportunité ou menace pour les sciences actuarielles en Belgique? Rapport au Président du Comité Education de l'Association Royale des Actuaires Belges.
  • Member of the Statistics Assessment Committee (Actuarial and Financial Engineering) of the Flemish Interuniversity Council-VLIR (2007-2008)
  • Chairman of the Actuarial Assessment Committee of the Flemish Interuniversity Council-VLIR (2010-2011)

Research interests

  • Stochastic inequalities: stochastic orders, stochastic extrema, ageing notions, dependence concepts
  • Mathematical risk theory: risk sharing mechanisms, insurance microeconomics, risk measures
  • Statistics applied to insurance: risk classification, reserving, credibility, bonus-malus systems, life tables, mortality forecasting, multistate models for health and disability policies

Prizes and honours

  • PhD awarded "Olbrechts-Tyteca Prize 1997"
  • Awarded Annual Prize 2000 of the Académie Royale des Sciences de Belgique (group : mathematics) "Lauréat de l'Académie Royale de Belgique"
  • Nominee third most cited author in actuarial science over the period 1996-2000 according to the bibliometric study appeared in the journal Insurance: Mathematics & Economics (Vol 30, pp. 293-296)
  • Co-author of 5 out the 20 most cited papers of all 674 published in Insurance: Mathematics & Economics over 1998-2008 (ranks 1-2-12-18-20)
  • Awarded 2003 Casualty Actuarial Society (CAS) Prize for the best article published in the Journal of Risk and Insurance (for "Bonus-malus scales in segmented tariffs with stochastic migration between segments" co-authored with N. Brouhns, M. Guillen & J. Pinquet)
  • Awarded 2006 Giuseppe Ottaviani Prize in Insurance by the Italian Institute of Actuaries for the paper "Lee-Carter goes risk-neutral: An application to the Italian annuity market" (with Enrico Biffis, appeared in Giornale dell'Istituto Italiano degli Attuari)
  • Honorary Professor, Faculty of Actuarial Science and Statistics, Cass Business School, City University, London (2007-2013).

Current editorial activities  

  • Associate Editor for Insurance: Mathematics and Economics (2008-date)
  • Editor for ASTIN Bulletin (2007-date)
  • Associate Editor for Methodology and Computing in Applied Probability (2008-date)
  • Referee for journals in actuarial science, applied probability, statistics and operations research 

Past editorial activities  

  • Proceedings Editor for Insurance: Mathematics and Economics (1999-2008)
  • Founding Editor of the Belgian Actuarial Bulletin (1999-2003)
  • Member of the Advisory Board for the Wiley Encyclopedia of Actuarial Science (2002-2003), in charge of the "Insurance Economics" Section (with Marco Scarsini)
  • Member of the Advisory Board for the Wiley Encyclopedia of Quantitative Risk Analysis and Assessment (2006-2008), in charge of the "Insurance/Actuarial Risk" Section
  • Associate Editor of the Australian and New Zealand Journal of Statistics (2003-2008)
  • Reviewer of book proposals for the Wiley Series in Probability and Statistics

Research projects and grants 

  • Committee on Knowledge Extension Research, American Society of Actuaries (SOA), Actuarial aspects of dependencies in insurance portfolios (in collaboration with Professors Dhaene and Goovaerts, KULeuven, 1999-2002)
  • Fonds Spéciaux de Recherche (UCL), Insurance ratemaking: Towards a unified approach (2000-2002)
  • Royal Society of Belgian Actuaries,  Building projected life tables for Belgium (2002)
  • SSTC-Agora (Belgian Federal Government), Datawarehouse for pensions of the public sector: Analysis of external needs (in collaboration with Professors Kolp and Saerens, IAG UCL, 2003-2004)
  • SSTC-Agora (Belgian Federal Government), Mortality of pensioners from the public sector: Actuarial and demographic analysis (in collaboration with Professors Dhaene and Goovaerts, KULeuven, 2003-2004)
  • Fonds Spéciaux de Recherche (UCL), Nouvelles méthodes de gestion des risques assuranciels et financiers (2003-2004)
  • First Spin-off programme, Walloon Government, Développement de solutions informatiques dans le domaine de la gestion des risques (2003-2006)
  • Fonds pour la Formation à la Recherche dans l'Industrie et l'Agriculture (FRIA), Méthodes statistiques modernes d'évaluation du risque (2003-2005)
  • Projet d'Actions de Recherche Concertées (PARC), Modern Risk Management Models for Insurance Companies and Pension Funds (2004-2009)
  • DGARNE, Walloon Government, Mécanismes assurantiels ou de mutualisation des risques agricoles en Région wallonne (in collaboration with Professor Bruno Henry de Frahan, Earth and Life Institute UCL, 2011)
  • FWO (Research Foundation - Flanders), Stochastisch modelleren van ziekteverzekeringsproducten

    (in collaboration with Professors Antonio and Dhaene, KULeuven, 2012-2015)

  • Individual research grants: Grantee "Fondation Agathon De Potter", Académie Royale de Belgique, Grantee "Fonds National de la Recherche Scientifique" (FNRS - Crédit aux Chercheurs), Grantee "Banque Nationale de Belgique" (BNB), Grantee "Secura Re"

PhD theses supervised

  • Abdelaouid Tajar (PhD in Science, optional Statistics, defended in February 2003), now in private consulting
  • Oana Purcaru (PhD in Science, optional Statistics, defended in August 2005), now in private consulting
  • Natacha Brouhns (PhD in Science, optional Actuarial Science, defended in December 2005), now in private consulting
  • Antoine Delwarde (PhD in Science, optional Actuarial Science, defended in March 2006), now in private consulting
  • Arthur Charpentier (PhD in Science, optional Statistics, defended in June 2006, thesis awarded the 2006 SCOR Prize for the best doctoral dissertation in actuarial science), former professor at the National School in Statistics and Economics (ENSAE, Paris, and ENSAI, Rennes) now professor at the Faculté des Sciences Economiques of the Université Rennes 1
  • Jean-Philippe Boucher (PhD in Science, optional Actuarial Science, defended in May 2007), now professor at the Université du Québec Ã  Montréal, Department of Mathematics
  • Cindy Courtois (PhD in Science, optional Actuarial Science, defended in June 2007), now at the CBFA (supervisory authority for the Belgian financial sector, banks and insurance companies)
  • Sandra Pitrebois (PhD in Science, optional Actuarial Science, defended in November 2008), now in the R&D department of Secura Re
  • Julien Trufin (PhD in Science, optional Actuarial Science, defended in March 2010), now in private consulting
  • Mathieu Pigeon (PhD in Science, optional Actuarial Science, started in September 2008)

Post-doctoral fellowship supervision 

  • Ana Cebrian (2003-2004, now professor at the University of Zaragoza, Spain) supported by the "Prix FSR 2000" (with Professors I. Gijbels and Ph. Lambert)
  • Marcus Christiansen (2009-2010, assistant professor at the University of Rostock, Germany) supported by a Deutsche Forschungsgemeinschaft - DFG research grant


Books

  1. Pitacco, E., Denuit, M., Haberman, S., & Olivieri, A. (2009). Modelling Longevity Dynamics for Pensions and Annuity Business. Oxford University Press.
  2. Kaas, R., Goovaerts, M.J., Dhaene, J., & Denuit, M. (2008). Modern Actuarial Risk Theory Using R. Springer, New York.
  3. Denuit, M., Marechal, X., Pitrebois, S., & Walhin, J.-F. (2007). Actuarial Modelling of Claim Counts: Risk Classification, Credibility and Bonus-Malus Systems. Wiley, New York.
    Reviewed, e.g., by M. Wuethrich (2009, Journal of the American Statistical Association 104, p. 856).
  4. Denuit, M., & Robert, C. (2007). Actuariat des Assurances de Personnes: Modélisation, Tarification et Provisionnement. Collection Audit-Actuariat-Assurance, Economica, Paris.
  5. Denuit, M., Dhaene, J., Goovaerts, M.J., & Kaas, R. (2005). Actuarial Theory for Dependent Risks: Measures, Orders and Models. Wiley, New York.
    Reviewed, e.g., by C. Carbno (2007, Technometrics 49, p. 495).
  6. Delwarde, A., & Denuit, M. (2005). Construction de Tables de Mortalité Périodiques et Prospectives. Collection Audit-Actuariat-Assurance, Economica, Paris.
  7. Denuit, M., & Charpentier, A. (2005). Mathématiques de l'Assurance Non-Vie. Tome II: Tarification et Provisionnement. Collection Economie et Statistique Avancées, Economica, Paris.
  8. Denuit, M., & Charpentier, A. (2004). Mathématiques de l'Assurance Non-Vie. Tome I: Principes Fondamentaux de Théorie du Risque. Collection Economie et Statistique Avancées, Economica, Paris.
  9. Kaas, R., Goovaerts, M.J., Dhaene, J., & Denuit, M. (2001). Modern Actuarial Risk Theory. Kluwer Academic Publishers, Dordrecht.
    Translated in Chinese and in Russian.
    Reviewed, e.g., by P. Brockett (2003, Journal of Risk and Insurance 70, pp. 361-362), and by Bjoern Johansson (2003, Scandinavian Actuarial Journal 2003(4), p. 349).

Articles in international peer-reviewed scientific journals

Probability & Statistics

  1. Denuit, M., & Mesfioui, M. (2012). Ordering functions of random vectors, with applications to partial sums. Journal of Theoretical Probability, in press.
  2. Trufin, J., Albrecher, H., & Denuit, M. (2012). Ruin problems under IBNR dynamics. Applied Stochastic Models in Business and Industry, in press.
  3. Denuit, M., & Mesfioui, M. (2011). Dispersive effect of cross-aging with archimedean copulas. Statistics and Probability Letters 81, 1407-1418.
  4. Denuit, M. (2010). Positive dependence of signals. Journal of Applied Probability 47, 893-897.
  5. Denuit, M., & Mesfioui, M. (2010). Generalized increasing convex and directionally convex orders. Journal of Applied Probability 47, 264-276.
  6. Lazar, D., & Denuit, M. (2009). A multivariate time series approach to projected life tables. Applied Stochastic Models in Business and Industry 25, 806-823.
  7. Courtois, C., & Denuit, M. (2009). Moment bounds on discrete expected stop-loss transforms, with applications.  Methodology and Computing in Applied Probability 11, 307-338.
  8. Denuit, M. (2009). Life annuities with stochastic survival probabilities: A review. Methodology and Computing in Applied Probability 11, 463-489.
  9. Denuit, M. (2009). An index for longevity risk transfer. Journal of Computational and Applied Mathematics 230, 411-417.
  10. Frostig, E., & Denuit, M. (2009). Dependence in failure times due to environmental factors. Statistics and Probability Letters 79, 487-495.
  11. Courtois, C., & Denuit, M. (2008). S-convex extremal distributions with arbitrary discrete support. Journal of Mathematical Inequalities 2, 197-214.
  12. Denuit, M., & Frostig, E. (2008). Comparison of dependence in factor models with application to credit risk portfolios. Probability in the Engineering and Informational Sciences 22, 151-160.
  13. Denuit, M. (2007). Distribution of the random future life expectancies in log-bilinear mortality projection models. Lifetime Data Analysis 13, 381-397.
  14. Delwarde, A., Denuit, M., & Partrat, Ch. (2007). Negative Binomial version of the Lee-Carter model for mortality forecasting. Applied Stochastic Models in Business and Industry 23, 385-401.
  15. Delwarde, A., Denuit, M., & Eilers, P. (2007). Smoothing the Lee-Carter and Poisson log-bilinear models for mortality forecasting: A penalized log-likelihood approach. Statistical Modelling 7, 29-48.
  16. Denuit, M., Frostig, E., & Levikson, B. (2007). Supermodular comparison of time-to-ruin random vectors. Methodology and Computing in Applied Probability 9, 41-54.
  17. Denuit, M.,  & Dhaene, J. (2007). Comonotonic bounds on the survival probabilities in the Lee-Carter model for mortality projections. Computational and Applied Mathematics 203, 169-176.
  18. Denuit, M., Goderniaux, A.-C., & Scaillet, O. (2007). A Kolmogorov-Smirnov type test for shortfall dominance against parametric alternatives. Technometrics 49, 88-98.
  19. Courtois, C., Denuit, M., & Van Bellegem, S. (2006). Discrete s-convex extremal distributions: Theory and applications. Applied Mathematics Letters 19, 1367-1377.
  20. Denuit, M., & Lambert, Ph. (2005). Constraints on concordance measures in bivariate discrete data. Journal of Multivariate Analysis 93, 40-57.
  21. Denuit, M., Lefevre, Cl., & Picard, Ph. (2003). Polynomial structures in order statistics distributions. Journal of Statistical Planning and Inference 113, 151-178.
  22. Denuit, M., Lefevre, Cl., & Mesfioui, M. (2003). On spline approximation for bivariate functions of increasing convex type. Revue d'Analyse Numérique et de Théorie de l'Approximation 32, 145-159.
  23. Denuit, M., & Mueller, A. (2002). Smooth generators of integral stochastic orders. Annals of Applied Probability 12, 1174-1184.
  24. Denuit, M., & Genest, Ch. (2001). An extension of Osuna's model for stress caused by waiting. Journal of Mathematical Psychology 45, 115-130.
  25. Denuit, M., & Van Bellegem, S. (2001). On the stop-loss and total variation distances between compound sums. Statistics and Probability Letters 53, 153-165.
  26. Denuit, M., Lefevre, Cl., & Shaked, M. (2000). On the theory of high convexity stochastic orders. Statistics and Probability Letters 47, 287-293.
  27. Denuit, M., Lefevre, Cl., & Shaked, M. (2000). Stochastic convexity of the Poisson mixture model, with applications in actuarial sciences. Methodology and Computing in Applied Probability 2, 231-254.
  28. Denuit, M., Lefevre, Cl. & Shaked, M. (2000). S-convex approximations. Advances in Applied  Probability 32, 994-1010.
  29. Denuit, M., Lefevre, Cl., & Utev, S. (1999). Generalized stochastic convexity and stochastic ordering of mixtures. Probability in the Engineering and Informational Sciences 13, 275-291.
  30. Bassan, B., Denuit, M., & Scarsini, M. (1999). Variability orders and mean differences. Statistics and Probability Letters 45, 121-130.
  31. Denuit, M., Lefevre, Cl., & Shaked, M. (1998). The s-convex orders among real random variables, with applications. Mathematical Inequalities and Their Applications 1, 585-613.


Operations Research

  1. Denuit, M., & Eeckhoudt, L. (2010). A general index of absolute risk attitude. Management Science 56, 712-715.
  2. Denuit, M., Eeckhoudt, L., & Rey, B. (2010). Some consequences of correlation aversion in decision science. Annals of Operations Research 176, 259-269.
  3. Courtois, C., & Denuit, M. (2007). Bounds on convex reliability functions with known first moments. European Journal of Operational Research 177, 365-377.
  4. Denuit, M., Lefevre, Cl., & Utev, S. (1999). Stochastic orderings of convex/concave-type on an arbitrary grid. Mathematics of Operations Research 24, 835-846.

Economics

  1. Denuit, M., Eeckhoudt, L., & Menegatti, M. (2011). Correlated risks, bivariate utility and optimal choices. Economic Theory 46, 39-54.
  2. Denuit, M., & Rey, B. (2010). Prudence, temperance, edginess, and risk apportionment as decreasing sensitivity to detrimental changes. Mathematical Social Sciences 60, 137-143.
  3. Denuit, M., & Eeckhoudt, L. (2010). Bivariate stochastic dominance and substitute risk (in)dependent utilities. Decision Analysis 7, 302-312.
  4. Denuit, M., & Eeckhoudt, L. (2010). Stronger measures of higher-order risk attitudes. Journal of Economic Theory 145, 2027-2036.
  5. Denuit, M.,  Dhaene, J., Goovaerts, M., Kaas, R., & Laeven, R. (2006). Risk measurement with the equivalent utility principles. Statistics and Decision 24, 1-25.
  6. Denuit, M., & Scaillet, O. (2004). Nonparametric tests for positive quadrant dependence. Journal of Financial Econometrics 2, 422-450.
  7. Denuit, M., Lefevre, Cl., & Scarsini, M. (2001). On s-convexity and risk aversion. Theory and Decision 50, 239-248.


Actuarial Science

  1. Christiansen, M., Denuit, M., & Lazar, D. (2012). The Solvency II square-root formula for systematic biometric risk. Insurance: Mathematics and Economics, in press.
  2. Lazar, D., & Denuit, M. (2012). Multivariate analysis of premium dynamics in P&L insurance. Journal of risk and Insurance, in press.
  3. Lazar, D., & Denuit, M. (2011). New evidence for underwriting cycles in US property-liability insurance. Journal of Risk Finance 13, 4-12.
  4. Boucher, J.-Ph., Denuit, M., & Guillen, M. (2011). Correlated random effects for hurdle models applied to claim counts. Variance, in press.
  5. Gschlossl, S., Schoenmaekers, P., & Denuit, M. (2011). Risk classification in life insurance: Methodology and case study. European Actuarial Journal 1, 23-41.
  6. Denuit, M., Haberman, S., & Renshaw, A. (2011). Longevity-indexed life annuities. North American Actuarial Journal 15, 97-111.
  7. Denuit, M., Eeckhoudt, L., & Menegatti, M. (2011). A note on subadditivity of zero-utility premiums. ASTIN Bulletin 41, 239-250.
  8. Trufin, J., Albrecher, H., & Denuit, M. (2011). Properties of risk measures derived from ruin theory. The Geneva Risk and Insurance Review 36, 174-188.
  9. Christiansen, M., & Denuit, M. (2010). First-order mortality rates and safe-side actuarial calculations in life insurance. ASTIN Bulletin 40, 587-614.
  10. Denuit, M., Haberman, S., & Renshaw, A. (2010). Comonotonic approximations to quantiles of life annuity conditional expected present values: extensions to general ARIMA models and comparison with the bootstrap. ASTIN Bulletin 40, 331-349.
  11. Pigeon, M., & Denuit, M. (2011). Composite Lognormal-Pareto model with random threshold. Scandinavian Actuarial Journal, 177-192.
  12. Biffis, E., Denuit, M., & Devolder, P. (2010). Stochastic mortality under measure changes. Scandinavian Actuarial Journal, 284-311.
  13. Trufin, J., Albrecher, H., & Denuit, M. (2010). Ruin problems in presence of underwriting cycles. North American Actuarial Journal, in press.
  14. Dhaene, J., Denuit, M., & Vanduffel, S. (2009). Correlation order, merging and diversification. Insurance: Mathematics and Economics 45, 325-332.
  15. Boucher, J.-Ph., Denuit, M., & Guillen, M. (2009). Number of accidents or number of claims? An approach with Zero-Inflated Poisson models for panel data. Journal of Risk and Insurance 76, 821-846.
  16. Frostig, E., & Denuit, M. (2009). Ruin probabilities and optimal capital allocation for heterogeneous life annuity portfolios. Scandinavian Actuarial Journal, 295-305.
  17. Denuit, M., & Frostig, E. (2009). Life insurance mathematics with random life tables. North American Actuarial Journal 13, 339-355.
  18. Denuit, M., & Frostig, E. (2008). First-order mortality basis for life annuities. Geneva Risk and Insurance Review 33, 75-89.
  19. Boucher, J.-Ph., Denuit, M., & Guillen, M. (2008). Models of insurance claim counts with time dependence based on generalization of Poisson and Negative Binomial distributions. Variance 2, 135-162.
  20. Denuit, M. (2008). Comonotonic approximations to quantiles of life annuity conditional expected present values. Insurance: Mathematics and Economics 42, 831-838.
  21. Boucher, J.-Ph., & Denuit, M. (2008). Credibility premiums for the zero-inflated Poisson model and new hunger for bonus interpretation. Insurance: Mathematics and Economics 42, 727-735.
  22. Courtois, C., & Denuit, M. (2008). Convex bounds on multiplicative martingales, with applications to pricing in incomplete markets. Insurance: Mathematics and Economics 42, 95-100.
  23. Courtois, C., & Denuit, M. (2007). On immunization and s-convex extremal distributions. Annals of Actuarial Science 2, 67-90.
  24. Courtois, C., & Denuit, M. (2007). Local moment matching and s-convex extrema. ASTIN Bulletin 37, 387-404.
  25. Boucher, J.-Ph., Denuit, M., & Guillen, M. (2007). Risk classification for claim counts: A comparative analysis of various zero-inflated mixed Poisson and hurdle models. North American Actuarial Journal 11, 110-131.
  26. Cossette, H., Delwarde, A., Denuit, M., Guillot, F. & Marceau, E. (2007). Pension plan valuation and dynamic mortality tables.  North Americal Actuarial Journal 11, 1-34.
  27. Denuit, M., & Frostig, E. (2007). Association and heterogeneity of insured lifetimes in the Lee-Carter framework. Scandinavian Actuarial Journal 107, 1-19.
  28. Denuit, M., Devolder, P., & Goderniaux, A.-C. (2007). Securitization of longevity risk: Pricing survivor bonds with Wang transform in the Lee-Carter framework. Journal of Risk and Insurance 74, 87-113.
  29. Pitrebois, S., Denuit, M., & Walhin, J.-F. (2006). An actuarial analysis of the French bonus-malus system. Scandinavian Actuarial Journal 2006(5), 247-264.
  30. Pitrebois, S., Denuit, M., & Walhin, J.-F. (2006). Multi-event bonus-malus scales. Journal of Risk and Insurance 73, 517-528.
  31. Denuit, M., & Frostig, E. (2006). Heterogeneity and the need for economic capital in the individual model.  Scandinavian Actuarial Journal 2006(1), 42-66.
  32. Frostig, E., & Denuit, M. (2006). Monotonicity results for portfolios with heterogeneous claims arrival processes. Insurance: Mathematics & Economics 38, 484-494.
  33. Denuit, M., Purcaru, O., & Van Keilegom, I. (2006). Bivariate archimedean copula modelling for censored data in nonlife insurance. Journal of Actuarial Practice 13, 5-32.
  34. Boucher, J.-Ph., & Denuit, M. (2006). Fixed versus random effects in Poisson regression models for claim counts: A case study with motor insurance. ASTIN Bulletin 36, 285-301.
  35. Brouhns, N., Denuit, M., & Van Keilegom, I. (2005). Bootstrapping the Poisson log-bilinear model for mortality projection. Scandinavian Actuarial Journal, 212-224.
  36. Czado, C., Delwarde, A., & Denuit, M. (2005). Bayesian Poisson log-bilinear mortality projections. Insurance: Mathematics & Economics 36, 260-284.
  37. Walhin, J.-F., & Denuit, M. (2005). On the pricing of Top & Drop Excess of Loss covers. Journal of Actuarial Practice 12, 137-156.
  38. Pitrebois, S., Denuit, M., & Walhin, J.-F. (2005). Bonus-malus systems with varying deductibles. ASTIN Bulletin 35, 261-274.
  39. Denuit, M., & Lang, S. (2004). Nonlife ratemaking with Bayesian GAMs. Insurance: Mathematics and Economics 35, 627-647.
  40. Cebrian, A., Denuit, M., & Scaillet, O. (2004). Testing for concordance ordering. ASTIN Bulletin 34, 151-173.
  41. Brouhns, N., Guillen, M.,  Denuit, M., & Pinquet, J. (2003). Bonus-malus scales in segmented tariffs with stochastic migration between segments. Journal of Risk and Insurance 70, 577-599.
    Paper Awarded CAS Prize for the best article published  in the Journal of Risk and Insurance during 2003.
  42. Purcaru, O., & Denuit, M. (2003). Dependence in dynamic claim frequency credibility models. ASTIN Bulletin 33, 23-40.
  43. Cebrian, A., Denuit, M., & Lambert, Ph. (2003). Generalized Pareto fit to the Society of Actuaries' large claims database. North American Actuarial Journal 7, 18-36.
  44. Pitrebois, S., Denuit, M., & Walhin, J.-F. (2003). Setting a bonus-malus scale in the presence of other rating factors: Taylor's work revisited. ASTIN Bulletin 33, 419-436.
  45. Denuit, M., Genest, Ch., & Marceau, E. (2002). Criteria for the stochastic ordering of random sums, with actuarial applications. Scandinavian Actuarial Journal, 3-16.
  46. Denuit, M. (2002). S-convex extrema, Taylor-type expansions and stochastic approximations. Scandinavian Actuarial Journal, 45-67.
  47. Denuit, M., Lefevre, Cl., & Utev, S. (2002). Measuring the impact of dependence between claims occurrences. Insurance: Mathematics and Economics 30, 1-19.
  48. Dhaene, J., Denuit, M., Goovaerts, M.J., Kaas, R., & Vyncke, D. (2002). The concept of comonotonicity in actuarial science and finance: Theory. Insurance : Mathematics and Economics 31, 3-33.
    Paper placed in the top 1% within its field according to the Essential Science Indicators (2005 ranking).
    Rank 1 among the 20 most cited paper of all 674 published in IME, period 1998-2008.
  49. Dhaene, J., Denuit, M., Goovaerts, M.J., Kaas, R., & Vyncke, D. (2002). The concept of comonotonicity in actuarial science and finance: Applications. Insurance : Mathematics and Economics 31, 133-161.
    Rank 2 among the 20 most cited paper of all 674 published in IME, period 1998-2008.
  50. Brouhns, N., Denuit, M., & Vermunt, J.K. (2002). A Poisson log-bilinear approach to the construction of projected life tables. Insurance : Mathematics and Economics 31, 373-393.
    Rank 18 among the 20 most cited paper of all 674 published in IME, period 1998-2008.
  51. Kaas, R., Dhaene, J., Vyncke, D., Goovaerts, M.J., & Denuit, M. (2002). A simple proof that comonotonic risks have the convex largest sum. ASTIN Bulletin 32, 71-80.
  52. Denuit, M., Dhaene, J., & Ribas, C. (2001). Does positive dependence between individual risks increase stop-loss premiums? Insurance: Mathematics and Economics 28, 305-308.
  53. Denuit, M. (2001). Laplace transform ordering of actuarial quantities. Insurance: Mathematics and Economics 29, 83-102.
  54. Bermudez, L, Denuit, M., & Dhaene, J. (2001). Exponential bonus-malus systems integrating a priori risk classification. Journal of Actuarial Practice 9, 84-112.
  55. Cossette, H., Denuit, M., & Marceau, E. (2000). Impact of dependence among multiple claims in a single loss. Insurance: Mathematics and Economics 26, 213-222.
  56. Denuit, M., Lefevre, Cl., & Mesfioui, M. (1999). On s-convex stochastic extrema for arithmetic risks. Insurance: Mathematics and Economics 25, 143-155.
  57. Denuit, M. (1999). Time stochastic s-convexity of claim processes. Insurance: Mathematics and Economics 26, 203-211.
  58. Denuit, M., De Vijlder, F.E., & Lefevre, Cl. (1999). Extremal generators and extremal distributions for the continuous s-convex stochastic orderings. Insurance: Mathematics and Economics 24, 201-217.
  59. Denuit, M., Genest, Ch., & Marceau, E. (1999). Stochastic bounds on sums of dependent risks. Insurance: Mathematics and Economics 25, 85-104.
    Rank 20 among the 20 most cited paper of all 674 published in IME, period 1998-2008.
  60. Denuit, M., & Vermandele, C. (1999). Lorenz and excess-wealth orders, with applications in reinsurance theory. Scandinavian Actuarial Journal, 170-185.
  61. Dhaene, J., & Denuit, M. (1999). The safest dependence structure among risks. Insurance: Mathematics and Economics 25, 11-21.
    Rank 12 among the 20 most cited paper of all 674 published in IME, period 1998-2008.
  62. Denuit, M., Lefevre, Cl., & Mesfioui, M. (1999). A class of bivariate stochastic orderings with applications in actuarial sciences. Insurance: Mathematics and Economics 24, 31-50.
  63. Denuit, M., Lefevre, Cl., & Mesfioui, M. (1999). Stochastic orderings of convex-type for discrete bivariate risks. Scandinavian Actuarial Journal, 32-51.
  64. Denuit, M. (1999). Discussion of "Bounds for actuarial present values under the fractional independence age assumption" by Werner Huerlimann. North American Actuarial Journal 3, 76-79.
  65. Denuit, M. (1999). The exponential premium calculation principle revisited. ASTIN Bulletin 29, 215-226.
  66. Denuit, M., & Cornet, A. (1999). Premium calculation with dependent time-until-death random variables: The widow's pension. Journal of Actuarial Practice 7, 147-180.
  67. Denuit, M., & Vermandele, C. (1998). Optimal reinsurance and stop-loss order. Insurance: Mathematics and Economics 22, 229-233.
  68. Denuit, M., & Lefevre, Cl. (1997). Some new classes of stochastic order relations among arithmetic random variables, with applications in actuarial sciences. Insurance: Mathematics and Economics 20, 197-214.
  69. Denuit, M. (1997). A new distribution of Poisson-type for the number of claims. ASTIN Bulletin 27, 229-242.

Articles in national peer-reviewed scientific journals

  1. Ledoux, J.-L., & Denuit, M. (2011). Capitalisation de l'usufruit: tables Ledoux 2011. Revue du Notariat Belge 3053, 370-384.
  2. Boucher, J.-Ph., & Denuit, M. (2008). Crédibilité linéaire bivariée utilisant le nombre de périodes avec réclamations: modèles de Poisson, modèles à barrière et modèles gonflés à zéro. Assurances et Gestion des Risques/Insurance and Risk Management 75, 487-520.
  3. Bolance, C., Denuit, M., Guillen, M., & Lambert, Ph. (2007). Greatest accuracy credibility with dynamic heterogeneity: The Harvey-Fernandes model. Belgian Actuarial Bulletin 7, 14-18.
  4. Boucher, J.-Ph., & Denuit, M. (2007). Duration dependence models for claim counts. German Actuarial Bulletin 28, 29-45.
  5. Ledoux, J.-L., & Denuit, M. (2007). Capitalisation de l'usufruit: tables Ledoux 2007. Revue du Notariat Belge 3007, 174-187.
  6. Delwarde, A., Denuit, M., Devolder, P., & Marechal, X. (2007). Prix de rentes: de la réglementation aux "fair value". Revue Générale des Assurances et des Responsabilités 2007(8), 1-7.
  7. Denuit, M., Frostig, E., & Levikson, B. (2006). Shifts in interest rate and common cause model for coupled lives. Belgian Actuarial Bulletin 6, 1-4.
  8. Delwarde, A., Denuit, M., Guillen, M., & Vidiella, A. (2006). Application of the Poisson log-bilinear projection model to the G5 mortality experience. Belgian Actuarial Bulletin 6, 54-68.
  9. Biffis, E., & Denuit, M. (2006). Lee-Carter goes risk-neutral: An application to the Italian annuity market. Giornale dell'Istituto Italiano degli Attuari 69, 33-53.
    Paper awarded the 2006 Giuseppe Ottaviani Prize in Insurance.
  10. Denuit, M., Genest, C., & Mesfioui, M. (2006). Calcul de bornes sur la prime en excédent de perte de fonctions de risques dépendants en présence d'information partielle sur leurs marges. Annales des Sciences Mathématiques du Québec 30, 63-78.
  11. Pitrebois, S., Walhin, J.-F., & Denuit, M. (2006). How to transfer policyholders from one bonus-malus scale to the other? German Actuarial Bulletin 27, 607-618.
  12. Denuit, M., & Goderniaux, A.-C. (2005). Closing and projecting life tables using log-linear models. Bulletin of the Swiss Association of Actuaries, 29-49.
  13. Delwarde, A., & Denuit, M. (2005). Sur les méthodes de conversion d'une rente en un capital. Revue Générale des Assurances et des Responsabilités 2005.9, 14036/1-10.
  14. Pitrebois, S., Denuit, M., & Walhin, J.-F. (2004). Bonus-malus scales in segmented tariffs: Gilde & Sundt's work revisited. Australian Actuarial Journal 10, 107-125.
  15. Magis, C., Denuit, M., & Walhin, J.-F. (2004). Une proposition de tables prospectives pour le marché belge des rentes. Belgian Actuarial Bulletin 4, 23-43.
  16. Purcaru, O., Guillen, M., & Denuit, M. (2004). Linear credibility models based on time series for claim counts. Belgian Actuarial Bulletin 4, 62-74.
  17. Magis, C., Denuit, M., & Walhin, J.-F. (2004). La mortalité, un phénomène en pleine mutation: quelle solution pour le marché des rentes? Bulletin Français d'Actuariat 6, 43-75.
  18. Magis, C., Denuit, M., & Walhin, J.-F. (2004). La TPRV française: dépassée? Bulletin Français d'Actuariat 6, 11-42.
  19. Delwarde, A., Kachakhidze, D., Olie, L., & Denuit, M. (2004). Modèles linéaires et additifs généralisés, maximum de vraisemblance local et méthodes relationnelles en assurance sur la vie. Bulletin Français d'Actuariat 6, 77-102.
  20. Denuit, M., Pitrebois, S. & Walhin, J.-F. (2003). Tarification automobile sur données de panel. Bulletin of the Swiss Association of Actuaries, 51-81.
  21. Delwarde, A., & Denuit, M. (2003). Importance de la période d'observation et des âges considérés dans la projection de la mortalité selon la méthode de Lee-Carter. Belgian Actuarial Bulletin 3, 1-21.
  22. Brouhns, N., & Denuit, M. (2003). Actuarial modelling of longitudinal claims data through GAMMs: Some methodological results. German Actuarial Bulletin 26, 25-39.
  23. Denuit, M., & Dhaene, J. (2003). Simple characterizations of comonotonicity and countermonotonicity by extremal correlations. Belgian Actuarial Bulletin 3, 22-27.
  24. Pitrebois, S., Denuit, M., & Walhin, J.-F. (2003). Fitting the Belgian Bonus-Malus system. Belgian Actuarial Bulletin 3, 58-62.
  25. Cebrian, A., Denuit, M., & Lambert, Ph. (2003). Analysis of bivariate tail dependence using extreme value copulas: An application to the SOA medical large claims database. Belgian Actuarial Bulletin 3, 33-41.
  26. Cossette, H., Denuit, M., & Marceau, E. (2002). Distributional bounds for functions of dependent risks. Bulletin of the Swiss Association of Actuaries, 45-65.
  27. Purcaru, O., & Denuit, M. (2002). On the dependence induced by frequency credibility models. Belgian Actuarial Bulletin 2, 73-79.
  28. Brouhns, N., & Denuit, M. (2002). Risque de longévité et rentes viagères. I. Evolution de la mortalité en Belgique de 1880 à nos jours. Belgian Actuarial Bulletin 2, 26-48.
  29. Brouhns, N., & Denuit, M. (2002). Risque de longévité et rentes viagères. II. Tables de mortalité prospectives pour la population belge. Belgian Actuarial Bulletin 2, 49-63.
  30. Brouhns, N., & Denuit, M. (2002). Risque de longévité et rentes viagères. III. Elaboration de tables de mortalité prospectives pour la population assurée belge, et évaluation du coût de l'antisélection. Belgian Actuarial Bulletin 2, 64-72.
  31. Purcaru, O., & Denuit, M. (2002). On the stochastic increasingness of future claims in the Buhlmann linear credibility premium. German Actuarial Bulletin 25, 781-793.
  32. Brouhns, N., Denuit, M., & Vermunt, J.K. (2002). Measuring the longevity risk in mortality projections. Bulletin of the Swiss Association of Actuaries, 105-130.
  33. Denuit, M., & Dhaene, J. (2001). Bonus-Malus scales using exponential loss functions. German Actuarial Bulletin 25, 13-27.
  34. Cossette, H., Denuit, M., Dhaene, J., & Marceau, E. (2001). Stochastic approximations for present value functions. Bulletin of the Swiss Association of Actuaries, 15-28.
  35. Denuit, M., Dhaene, J., Le Bailly de Tilleghem, C. & Teghem, S. (2001). Measuring the impact of a dependence among insured lifelengths. Belgian Actuarial Bulletin 1, 18-39.
  36. Denuit, M., & Lambert, Ph. (2001). Smoothed NPML estimation of the risk distribution underlying Bonus-Malus systems. Proceedings of the Casualty Actuarial Society 88, 142-174.
  37. Denuit, M. (2000). Stochastic analysis of duplicates in life insurance portfolios. German Actuarial Bulletin 24, 507-514.
  38. Denuit, M., & Cornet, A. (1999). Sur la hauteur du chargement implicite contenu dans l'hypothèse d'indépendance: l'assurance "solde restant dû»". Bulletin of the Swiss Association of Actuaries 1999(1), 65-80.
  39. Denuit, M. (1999). Bases techniques de l'assurance-vie individuelle en Belgique. Revue Générale des Assurances et des Responsabilités 72(4), 13078/1-13078/11.
  40. Denuit, M., Dhaene, J., & Van Wouwe, M. (1999). The economics of insurance: A review and some recent developments. Bulletin of the Swiss Association of Actuaries, 137-175.
  41. Denuit, M., & Lefevre, Cl. (1997). Stochastic product orderings, with applications in actuarial sciences. Bulletin Français d'Actuariat 1, 61-82.

Articles in professional insurance/actuarial journals

  1. Denuit, M. (2008). Weakness of the actuarial equivalence principle for personal injury and fatal accidents compensation. Pravartak (The Indian Journal of Insurance and Risk Management) 3(2), 56-58.
  2. Delwarde, A., & Denuit, M. (2006). Construction de tables de mortalité d'expérience. Monde de l'Assurance 2006.3, 22-27.
  3. Denuit, M., & Walhin, J.-F. (2005). La conversion en rente: le nouvel arrêté royal est entré en vigueur. Monde de l'Assurance 2005.8, 19-21.
  4. Denuit, M. (2005). Quand la différenciation tarifaire est-elle techniquement justifiée? Monde de l'Assurance, Dossier spécial 2005.1, 1-8.
  5. Pitrebois, S., Denuit, M., & Walhin, J.-F. (2003). Echelles bonus-malus : Questions d'actualité.
    Monde de l'Assurance 324, 1-12 (Dossier spécial).
  6. Brouhns, N., & Denuit, M. (2002). Rentes viagères: Des bases réglementaires totalement dépassées. Monde de l'Assurance 304, 18-21.
  7. Brouhns, N., Delfosse, Ph., Delwarde, A., & Denuit, M. (2002). Assurances de groupes ou fonds de pension. Liquidation en rentes: Oui, mais à quel prix? Monde de l'Assurance 319, 25-28.

Contributions to collective works 

  1. Denuit, M., Eeckhoudt, L., Tsetlin, I., & Winkler, R.L. (2012). Multivariate concave and convex stochastic dominance. In "Risk Measures and Attitudes", European Actuarial Academy (EAA) Series, Springer.
  2. Boucher, J.-Ph., Denuit, M., & Guillen, M. (2007). Modelling of insurance claim count with hurdle distribution for panel data. In "Advances in Mathematical and Statistical Modeling", Arnold, B.C.; Balakrishnan, N.; Sarabia, J.M.; Minguez, R. (Eds.), Statistics for Industry and Technology series, Birkhauser, Boston, pp. 45-59.
  3. Denuit, M., & Dhaene, J. (2004). Dependent Risks. In "Encyclopedia of Actuarial Science", edited by J.L. Teugels and B. Sundt, Wiley, pp. 464-471.
  4. Denuit, M., & Mueller, A. (2004). Convexity. In "Encyclopedia of Actuarial Science", edited by J.L. Teugels and B. Sundt, Wiley, pp. 362-364.
  5. Denuit, M., & Mueller, A. (2004). Stochastic orderings. In "Encyclopedia of Actuarial Science", edited by J.L. Teugels and B. Sundt, Wiley, pp. 1606-1610.

Conference proceedings

  1. Courtois, C., Denuit, M., & Van Bellegem, S. (2005). Discrete s-convex extrema, with applications in actuarial science. Proceedings of the "3rd Actuarial and  Financial Mathematics Day", Brussels, pages 35-46. 
  2. Denuit, M., & Purcaru, O. (2004). How to deal with correlated risks in actuarial science? Proceedings of the "2nd Actuarial and  Financial Mathematics Day", Brussels, pages 21-34.
  3. Denuit, M., & Lefevre, Cl. (2001). Stochastic s-(increasing) convexity. In Generalized Convexity and Generalized Monotonicity, pp.167-182, N. Hadjisavvas, J.E. Martinez-Legaz & J.-P. Penot Editors,
    Lecture Notes in Economics and Mathematical Systems 502, Springer, New York. (Proceedings of the 6th International Symposium on Generalized Convexity / Monotonicity, Karlovassi, Samos, Greece, August 30 - September 3 1999)
  4. Denuit, M. (1997). Sur la détermination du nombre de composantes dans un modele de mélange fini. Actes de la 18ème Rencontre Franco-Belge de Statisticiens, 11-15.
  5. Denuit, M., Lefevre, Cl., & Picard, Ph. (1997). Familles de polynômes remarquables, statistique d'ordre et fonctions de répartition. Actes des 29emes Journées de Statistique de l'A.S.U., 327-330.

Applied research and consulting

  • Co-founder (with Pierre Devolder, Xavier Maréchal and Jean-François Walhin) of Reacfin SA, a spin-off of the Université Catholique de Louvain (UCL), see www.reacfin.com
  • President of the Scientific Committee of Reacfin SA (2004-2006)
  • Member of the Scientific Committee "Mortality-Longevity" of the Reinsurer SCOR-Vie (2004-2007)
  • Member of the Scientific Committee "Longevity Risk" of AXA Group Risk Management (2006-2009)
  • Member of the Orientation Committee "Assurance et Risques Majeurs" Chair of the French "Fondation du Risque" (2007-2011)
  • Scientific Advisor for the "Assurances soins de santé et longévité" Chair, UCL-DKV partnership (2009-2012)
  • Scientific Advisor for the KULeuven "AG Insurance Chair in Health Insurance" directed by Prof. Jan Dhaene (2010-2014)

Continuous professional development - CPD

  • Academic responsible for  the CPD training program of the Institute of Actuarial Science, UCL, Louvain-la-Neuve, Belgium (2003-2005)
  • Trainer for CPD sessions at Les Assurances Fédérales, Actuarieel Genootschap (CPD of the Dutch Actuarial Society), Secura Belgian Re, Fortis AG, Centre de Recherche Caritat, Concentric Finance Master Class, Reacfin, Munich Re, Insert - Insurance Services & Training, Assuralia, Swiss Association of Actuaries, Groupe Consultatif

Applied research and consulting reports

  1. Denuit M. & Pinquet J. (2001). Produits multigaranties: techniques de réévaluation des risques en cours. Winterthur Europe.
  2. Brounhs N., Delwarde A. & Denuit M. (2002). Méthodes d'élaboration de tables de mortalité prospectives, ou comment tarifer des rentes viagères lorsque la mortalité évolue. Association Royale des Actuaires Belges.
  3. Brouhns, N., & Denuit M. (2004). Datawarehouse des pensions du secteur public: Analyse des besoins externes. Projet SSTC AG/10/077, SPP Politique scientifique.
  4. Delwarde, A., & Denuit M. (2004). Mortalité des pensionnés du secteur public: Analyse actuarielle et démographique. Projet SSTC AG/10/078, SPP Politique scientifique.
  5. Denuit, M., & Marechal, X. (2004). BM-builder User's Guide. Reacfin SA, UCL Spinoff.
  6. Denuit, M., & Goderniaux, A.-C. (2004). Loss distribution approach for operational risk: Analysis of the Euroclear Bank Historical Internal Losses Data and ORX Database. Reacfin SA, UCL Spinoff.
  7. Delwarde, A., & Denuit, M. (2005). Méthodes relationnelles en assurance vie (SCOR Vie). Reacfin SA, UCL Spinoff.
  8. Denuit, M., Marechal, X., & Closon, J.-P. (2005). Etude relative aux coûts potentiels liés à une éventuelle modification des règles du droit de la responsabilité médicale. Phase II: Développement d'un modèle actuariel et premières estimations. KCE Reports - Centre Fédéral d'Expertise des Soins de Santé, Volume 16B.
    Available from http://www.centredexpertise.fgov.be
  9. Denuit, M., & Delwarde, A. (2005). Loss distribution approach for operational risk: Analysis of the 1999-2004 Euroclear Bank Historical Internal Losses Data and ORX Database. Reacfin SA, UCL Spinoff.
  10. Denuit, M. (2006). Actuarial ratemaking for optional motor insurance products. Reacfin SA, UCL Spinoff.
  11. Marechal, X., Denuit, M., Vinck, I., & Closon, J.-P. (2006). Etude relative aux coûts potentiels liés à une éventuelle modification des règles du droit de la responsabilité médicale. Phase III: Affinement des estimations. KCE Reports - Centre Fédéral d'Expertise des Soins de Santé, Volume 35B.
    Available from http://www.centredexpertise.fgov.be
  12. Denuit, M., & Marechal, X. (2007). Market Cycles Modelling (AXA International). Reacfin SA, UCL Spinoff.
  13. Marechal, X., Denuit, M., Vinck, I., & Closon, J.-P. (2007). Indemnisation des dommages résultant de soins de santé - Clé de répartition entre le Fonds et les assureurs. KCE Reports - Centre Fédéral d'Expertise des Soins de Santé.
    Available from http://www.centredexpertise.fgov.be
  14. Yerna, B.-L., & Denuit, M. (2008). Reacfin's life tables for Belgium. Reacfin SA, UCL Spinoff.
  15. Devolder, P., Denuit, M., Marechal, X., Yerna, B.-L., Closon, J.-P., Leonard, C., Senn, A., & Vinck, I. (2008). Construction d'un index médical pour les contrats privés d'assurance maladie. KCE Reports - Centre Fédéral d'Expertise des Soins de Santé.
    Available from http://www.centredexpertise.fgov.be
  16. Yerna, B.-L., Marechal, X.,  Denuit, M., Closon, J.-P., & Vinck, I. (2009). Indemnisation des dommages résultant de soins de santé: impact budgétaire de la transposition du système français en Belgique. KCE Reports - Centre Fédéral d'Expertise des Soins de Santé.
    Available from http://www.centredexpertise.fgov.be
  17. Henry de Frahan, B., Saegerman, Cl., Denuit, M., Dubuisson, B., Ledoux, O., Pigeon, M., Vandeputte, S., & Weynants, S. (2011). Etude de la possibilité et proposition de mise en place de mécanismes assurantiels ou de mutualisation des risques dans le secteur agricole en Région wallonne. Marché de services de recherche et de développement D31-1251, Financement de la Direction générale opérationnelle de l'agriculture, des ressources naturelles et de l'environnement,

    Service Public de Wallonie.

Biography

Degrees

year

degree title

institution

1992Candidat en sciences - groupe sciences mathématiquesUniversité Libre de Bruxelles
1994Licencié en sciences - groupe sciences mathématiquesUniversité Libre de Bruxelles
1996Licencié en sciences actuariellesUniversité Libre de Bruxelles
1997Docteur en sciences - orientation statistiqueUniversité Libre de Bruxelles

Research and teaching positions

  • 1999-date
    Full-time Professor of Probability, Statistics and Actuarial Mathematics, UCL, Louvain-la-Neuve, Belgium
  • 1994-1999
    Full-time Teaching and Research Assistant in Probability and Statistics, ULB, Brussels, Belgium
  • 1992-1994
    Student Instructor in Mathematics, ULB, Brussels, Belgium

Professional duties

  • 2009-date
    Responsible for the master program in actuarial science at UCL, Louvain-la-Neuve, Belgium
  • 2002-2010
    Academic Secretary of the "Actuarial Science" Contact Group of the Belgian National Fund for Scientific Research (FNRS)
  • 2006-2009
    Chairman of the Institute of Statistics, UCL, Louvain-la-Neuve, Belgium
  • 2002-2009
    Academic Secretary of the Institute of Actuarial Science, UCL, Louvain-la-Neuve, Belgium
  • 1998-2003
    Elected representative in several committees of the Royal Society of Belgian Actuaries (ARAB-KVBA, now IA.BE) including national and international Education Committees, International Affairs Committee and Directorial Board

Teaching

Courses

Academic Year 2011 - 2012
LACTU 2010 NON LIFE INSURANCE 1
LACTU 2030 LIFE INSURANCE 1
LACTU 2060 LIFE INSURANCE 2
LACTU 2200 NON LIFE INSURANCE 2
LACTU 2230 Health Insurance

Visiting professorships 

  • Institute of Mathematics, Université de Liège (Liège, Belgium, 1997-1999)
  • Department of Mathematics, Université Libre de Bruxelles (Brussels, Belgium, 1998-1999)
  • National Institute of Statistics and Applied Economics - INSEA (Rabat, Marocco, 1997-2003)
  • Institut de Science Financière et d'Assurances (ISFA), Université Claude Bernard - Lyon 1 (Lyon, France, 2000-2005)
  • Ecole Nationale de la Statistique et de l'Analyse de l'Information (ENSAI, Rennes, France, 2003-2004)
  • Ecole Nationale de la Statistique et de l'Administration Economique (ENSAE, Paris, France, 2007-2008)
  • AFI Leuven Research Center - Actuarial Science research group, KULeuven (Leuven, Belgium, 2008-2011)
  • Département de Sciences Actuarielles, Faculté des HEC, UNIL (Lausanne, Switzerland, 2011-2014)

Actuarial education reports

  • Denuit, M., & Dhaene, J. (1999). Education Project KVBA-ARAB Universities. Report to the Directorial Board of the Royal Society of Belgian Actuaries.
  • Denuit, M., & Dhaene, J. (2000). Towards an Internationally Recognized Actuarial Qualification in Belgium. Report to the President of the Royal Society of Belgian Actuaries.
  • Denuit, M., Dhaene, J., & Van Wouwe, M. (2002). Linking a university-based actuarial education system to a professional organisation: The Belgian case. Report to the Education Committee of the International Actuarial Association.
  • Denuit, M., & Devolder, P. (2003). Harmonisation européenne de la structure des études supérieures (3-5-8, Bologne ou BaMa). Opportunité ou menace pour les sciences actuarielles en Belgique? Rapport au Président du Comité Education de l'Association Royale des Actuaires Belges.
  • Member of the Statistics Assessment Committee (Actuarial and Financial Engineering) of the Flemish Interuniversity Council-VLIR (2007-2008)
  • Chairman of the Actuarial Assessment Committee of the Flemish Interuniversity Council-VLIR (2010-2011)

Research

Research interests

  • Stochastic inequalities: stochastic orders, stochastic extrema, ageing notions, dependence concepts
  • Mathematical risk theory: risk sharing mechanisms, insurance microeconomics, risk measures
  • Statistics applied to insurance: risk classification, reserving, credibility, bonus-malus systems, life tables, mortality forecasting, multistate models for health and disability policies

Prizes and honours

  • PhD awarded "Olbrechts-Tyteca Prize 1997"
  • Awarded Annual Prize 2000 of the Académie Royale des Sciences de Belgique (group : mathematics) "Lauréat de l'Académie Royale de Belgique"
  • Nominee third most cited author in actuarial science over the period 1996-2000 according to the bibliometric study appeared in the journal Insurance: Mathematics & Economics (Vol 30, pp. 293-296)
  • Co-author of 5 out the 20 most cited papers of all 674 published in Insurance: Mathematics & Economics over 1998-2008 (ranks 1-2-12-18-20)
  • Awarded 2003 Casualty Actuarial Society (CAS) Prize for the best article published in the Journal of Risk and Insurance (for "Bonus-malus scales in segmented tariffs with stochastic migration between segments" co-authored with N. Brouhns, M. Guillen & J. Pinquet)
  • Awarded 2006 Giuseppe Ottaviani Prize in Insurance by the Italian Institute of Actuaries for the paper "Lee-Carter goes risk-neutral: An application to the Italian annuity market" (with Enrico Biffis, appeared in Giornale dell'Istituto Italiano degli Attuari)
  • Honorary Professor, Faculty of Actuarial Science and Statistics, Cass Business School, City University, London (2007-2013).

Current editorial activities  

  • Associate Editor for Insurance: Mathematics and Economics (2008-date)
  • Editor for ASTIN Bulletin (2007-date)
  • Associate Editor for Methodology and Computing in Applied Probability (2008-date)
  • Referee for journals in actuarial science, applied probability, statistics and operations research 

Past editorial activities  

  • Proceedings Editor for Insurance: Mathematics and Economics (1999-2008)
  • Founding Editor of the Belgian Actuarial Bulletin (1999-2003)
  • Member of the Advisory Board for the Wiley Encyclopedia of Actuarial Science (2002-2003), in charge of the "Insurance Economics" Section (with Marco Scarsini)
  • Member of the Advisory Board for the Wiley Encyclopedia of Quantitative Risk Analysis and Assessment (2006-2008), in charge of the "Insurance/Actuarial Risk" Section
  • Associate Editor of the Australian and New Zealand Journal of Statistics (2003-2008)
  • Reviewer of book proposals for the Wiley Series in Probability and Statistics

Research projects and grants 

  • Committee on Knowledge Extension Research, American Society of Actuaries (SOA), Actuarial aspects of dependencies in insurance portfolios (in collaboration with Professors Dhaene and Goovaerts, KULeuven, 1999-2002)
  • Fonds Spéciaux de Recherche (UCL), Insurance ratemaking: Towards a unified approach (2000-2002)
  • Royal Society of Belgian Actuaries,  Building projected life tables for Belgium (2002)
  • SSTC-Agora (Belgian Federal Government), Datawarehouse for pensions of the public sector: Analysis of external needs (in collaboration with Professors Kolp and Saerens, IAG UCL, 2003-2004)
  • SSTC-Agora (Belgian Federal Government), Mortality of pensioners from the public sector: Actuarial and demographic analysis (in collaboration with Professors Dhaene and Goovaerts, KULeuven, 2003-2004)
  • Fonds Spéciaux de Recherche (UCL), Nouvelles méthodes de gestion des risques assuranciels et financiers (2003-2004)
  • First Spin-off programme, Walloon Government, Développement de solutions informatiques dans le domaine de la gestion des risques (2003-2006)
  • Fonds pour la Formation à la Recherche dans l'Industrie et l'Agriculture (FRIA), Méthodes statistiques modernes d'évaluation du risque (2003-2005)
  • Projet d'Actions de Recherche Concertées (PARC), Modern Risk Management Models for Insurance Companies and Pension Funds (2004-2009)
  • DGARNE, Walloon Government, Mécanismes assurantiels ou de mutualisation des risques agricoles en Région wallonne (in collaboration with Professor Bruno Henry de Frahan, Earth and Life Institute UCL, 2011)
  • FWO (Research Foundation - Flanders), Stochastisch modelleren van ziekteverzekeringsproducten

    (in collaboration with Professors Antonio and Dhaene, KULeuven, 2012-2015)

  • Individual research grants: Grantee "Fondation Agathon De Potter", Académie Royale de Belgique, Grantee "Fonds National de la Recherche Scientifique" (FNRS - Crédit aux Chercheurs), Grantee "Banque Nationale de Belgique" (BNB), Grantee "Secura Re"

PhD theses supervised

  • Abdelaouid Tajar (PhD in Science, optional Statistics, defended in February 2003), now in private consulting
  • Oana Purcaru (PhD in Science, optional Statistics, defended in August 2005), now in private consulting
  • Natacha Brouhns (PhD in Science, optional Actuarial Science, defended in December 2005), now in private consulting
  • Antoine Delwarde (PhD in Science, optional Actuarial Science, defended in March 2006), now in private consulting
  • Arthur Charpentier (PhD in Science, optional Statistics, defended in June 2006, thesis awarded the 2006 SCOR Prize for the best doctoral dissertation in actuarial science), former professor at the National School in Statistics and Economics (ENSAE, Paris, and ENSAI, Rennes) now professor at the Faculté des Sciences Economiques of the Université Rennes 1
  • Jean-Philippe Boucher (PhD in Science, optional Actuarial Science, defended in May 2007), now professor at the Université du Québec Ã  Montréal, Department of Mathematics
  • Cindy Courtois (PhD in Science, optional Actuarial Science, defended in June 2007), now at the CBFA (supervisory authority for the Belgian financial sector, banks and insurance companies)
  • Sandra Pitrebois (PhD in Science, optional Actuarial Science, defended in November 2008), now in the R&D department of Secura Re
  • Julien Trufin (PhD in Science, optional Actuarial Science, defended in March 2010), now in private consulting
  • Mathieu Pigeon (PhD in Science, optional Actuarial Science, started in September 2008)

Post-doctoral fellowship supervision 

  • Ana Cebrian (2003-2004, now professor at the University of Zaragoza, Spain) supported by the "Prix FSR 2000" (with Professors I. Gijbels and Ph. Lambert)
  • Marcus Christiansen (2009-2010, assistant professor at the University of Rostock, Germany) supported by a Deutsche Forschungsgemeinschaft - DFG research grant


Books

  1. Pitacco, E., Denuit, M., Haberman, S., & Olivieri, A. (2009). Modelling Longevity Dynamics for Pensions and Annuity Business. Oxford University Press.
  2. Kaas, R., Goovaerts, M.J., Dhaene, J., & Denuit, M. (2008). Modern Actuarial Risk Theory Using R. Springer, New York.
  3. Denuit, M., Marechal, X., Pitrebois, S., & Walhin, J.-F. (2007). Actuarial Modelling of Claim Counts: Risk Classification, Credibility and Bonus-Malus Systems. Wiley, New York.
    Reviewed, e.g., by M. Wuethrich (2009, Journal of the American Statistical Association 104, p. 856).
  4. Denuit, M., & Robert, C. (2007). Actuariat des Assurances de Personnes: Modélisation, Tarification et Provisionnement. Collection Audit-Actuariat-Assurance, Economica, Paris.
  5. Denuit, M., Dhaene, J., Goovaerts, M.J., & Kaas, R. (2005). Actuarial Theory for Dependent Risks: Measures, Orders and Models. Wiley, New York.
    Reviewed, e.g., by C. Carbno (2007, Technometrics 49, p. 495).
  6. Delwarde, A., & Denuit, M. (2005). Construction de Tables de Mortalité Périodiques et Prospectives. Collection Audit-Actuariat-Assurance, Economica, Paris.
  7. Denuit, M., & Charpentier, A. (2005). Mathématiques de l'Assurance Non-Vie. Tome II: Tarification et Provisionnement. Collection Economie et Statistique Avancées, Economica, Paris.
  8. Denuit, M., & Charpentier, A. (2004). Mathématiques de l'Assurance Non-Vie. Tome I: Principes Fondamentaux de Théorie du Risque. Collection Economie et Statistique Avancées, Economica, Paris.
  9. Kaas, R., Goovaerts, M.J., Dhaene, J., & Denuit, M. (2001). Modern Actuarial Risk Theory. Kluwer Academic Publishers, Dordrecht.
    Translated in Chinese and in Russian.
    Reviewed, e.g., by P. Brockett (2003, Journal of Risk and Insurance 70, pp. 361-362), and by Bjoern Johansson (2003, Scandinavian Actuarial Journal 2003(4), p. 349).

Articles in international peer-reviewed scientific journals

Probability & Statistics

  1. Denuit, M., & Mesfioui, M. (2012). Ordering functions of random vectors, with applications to partial sums. Journal of Theoretical Probability, in press.
  2. Trufin, J., Albrecher, H., & Denuit, M. (2012). Ruin problems under IBNR dynamics. Applied Stochastic Models in Business and Industry, in press.
  3. Denuit, M., & Mesfioui, M. (2011). Dispersive effect of cross-aging with archimedean copulas. Statistics and Probability Letters 81, 1407-1418.
  4. Denuit, M. (2010). Positive dependence of signals. Journal of Applied Probability 47, 893-897.
  5. Denuit, M., & Mesfioui, M. (2010). Generalized increasing convex and directionally convex orders. Journal of Applied Probability 47, 264-276.
  6. Lazar, D., & Denuit, M. (2009). A multivariate time series approach to projected life tables. Applied Stochastic Models in Business and Industry 25, 806-823.
  7. Courtois, C., & Denuit, M. (2009). Moment bounds on discrete expected stop-loss transforms, with applications.  Methodology and Computing in Applied Probability 11, 307-338.
  8. Denuit, M. (2009). Life annuities with stochastic survival probabilities: A review. Methodology and Computing in Applied Probability 11, 463-489.
  9. Denuit, M. (2009). An index for longevity risk transfer. Journal of Computational and Applied Mathematics 230, 411-417.
  10. Frostig, E., & Denuit, M. (2009). Dependence in failure times due to environmental factors. Statistics and Probability Letters 79, 487-495.
  11. Courtois, C., & Denuit, M. (2008). S-convex extremal distributions with arbitrary discrete support. Journal of Mathematical Inequalities 2, 197-214.
  12. Denuit, M., & Frostig, E. (2008). Comparison of dependence in factor models with application to credit risk portfolios. Probability in the Engineering and Informational Sciences 22, 151-160.
  13. Denuit, M. (2007). Distribution of the random future life expectancies in log-bilinear mortality projection models. Lifetime Data Analysis 13, 381-397.
  14. Delwarde, A., Denuit, M., & Partrat, Ch. (2007). Negative Binomial version of the Lee-Carter model for mortality forecasting. Applied Stochastic Models in Business and Industry 23, 385-401.
  15. Delwarde, A., Denuit, M., & Eilers, P. (2007). Smoothing the Lee-Carter and Poisson log-bilinear models for mortality forecasting: A penalized log-likelihood approach. Statistical Modelling 7, 29-48.
  16. Denuit, M., Frostig, E., & Levikson, B. (2007). Supermodular comparison of time-to-ruin random vectors. Methodology and Computing in Applied Probability 9, 41-54.
  17. Denuit, M.,  & Dhaene, J. (2007). Comonotonic bounds on the survival probabilities in the Lee-Carter model for mortality projections. Computational and Applied Mathematics 203, 169-176.
  18. Denuit, M., Goderniaux, A.-C., & Scaillet, O. (2007). A Kolmogorov-Smirnov type test for shortfall dominance against parametric alternatives. Technometrics 49, 88-98.
  19. Courtois, C., Denuit, M., & Van Bellegem, S. (2006). Discrete s-convex extremal distributions: Theory and applications. Applied Mathematics Letters 19, 1367-1377.
  20. Denuit, M., & Lambert, Ph. (2005). Constraints on concordance measures in bivariate discrete data. Journal of Multivariate Analysis 93, 40-57.
  21. Denuit, M., Lefevre, Cl., & Picard, Ph. (2003). Polynomial structures in order statistics distributions. Journal of Statistical Planning and Inference 113, 151-178.
  22. Denuit, M., Lefevre, Cl., & Mesfioui, M. (2003). On spline approximation for bivariate functions of increasing convex type. Revue d'Analyse Numérique et de Théorie de l'Approximation 32, 145-159.
  23. Denuit, M., & Mueller, A. (2002). Smooth generators of integral stochastic orders. Annals of Applied Probability 12, 1174-1184.
  24. Denuit, M., & Genest, Ch. (2001). An extension of Osuna's model for stress caused by waiting. Journal of Mathematical Psychology 45, 115-130.
  25. Denuit, M., & Van Bellegem, S. (2001). On the stop-loss and total variation distances between compound sums. Statistics and Probability Letters 53, 153-165.
  26. Denuit, M., Lefevre, Cl., & Shaked, M. (2000). On the theory of high convexity stochastic orders. Statistics and Probability Letters 47, 287-293.
  27. Denuit, M., Lefevre, Cl., & Shaked, M. (2000). Stochastic convexity of the Poisson mixture model, with applications in actuarial sciences. Methodology and Computing in Applied Probability 2, 231-254.
  28. Denuit, M., Lefevre, Cl. & Shaked, M. (2000). S-convex approximations. Advances in Applied  Probability 32, 994-1010.
  29. Denuit, M., Lefevre, Cl., & Utev, S. (1999). Generalized stochastic convexity and stochastic ordering of mixtures. Probability in the Engineering and Informational Sciences 13, 275-291.
  30. Bassan, B., Denuit, M., & Scarsini, M. (1999). Variability orders and mean differences. Statistics and Probability Letters 45, 121-130.
  31. Denuit, M., Lefevre, Cl., & Shaked, M. (1998). The s-convex orders among real random variables, with applications. Mathematical Inequalities and Their Applications 1, 585-613.


Operations Research

  1. Denuit, M., & Eeckhoudt, L. (2010). A general index of absolute risk attitude. Management Science 56, 712-715.
  2. Denuit, M., Eeckhoudt, L., & Rey, B. (2010). Some consequences of correlation aversion in decision science. Annals of Operations Research 176, 259-269.
  3. Courtois, C., & Denuit, M. (2007). Bounds on convex reliability functions with known first moments. European Journal of Operational Research 177, 365-377.
  4. Denuit, M., Lefevre, Cl., & Utev, S. (1999). Stochastic orderings of convex/concave-type on an arbitrary grid. Mathematics of Operations Research 24, 835-846.

Economics

  1. Denuit, M., Eeckhoudt, L., & Menegatti, M. (2011). Correlated risks, bivariate utility and optimal choices. Economic Theory 46, 39-54.
  2. Denuit, M., & Rey, B. (2010). Prudence, temperance, edginess, and risk apportionment as decreasing sensitivity to detrimental changes. Mathematical Social Sciences 60, 137-143.
  3. Denuit, M., & Eeckhoudt, L. (2010). Bivariate stochastic dominance and substitute risk (in)dependent utilities. Decision Analysis 7, 302-312.
  4. Denuit, M., & Eeckhoudt, L. (2010). Stronger measures of higher-order risk attitudes. Journal of Economic Theory 145, 2027-2036.
  5. Denuit, M.,  Dhaene, J., Goovaerts, M., Kaas, R., & Laeven, R. (2006). Risk measurement with the equivalent utility principles. Statistics and Decision 24, 1-25.
  6. Denuit, M., & Scaillet, O. (2004). Nonparametric tests for positive quadrant dependence. Journal of Financial Econometrics 2, 422-450.
  7. Denuit, M., Lefevre, Cl., & Scarsini, M. (2001). On s-convexity and risk aversion. Theory and Decision 50, 239-248.


Actuarial Science

  1. Christiansen, M., Denuit, M., & Lazar, D. (2012). The Solvency II square-root formula for systematic biometric risk. Insurance: Mathematics and Economics, in press.
  2. Lazar, D., & Denuit, M. (2012). Multivariate analysis of premium dynamics in P&L insurance. Journal of risk and Insurance, in press.
  3. Lazar, D., & Denuit, M. (2011). New evidence for underwriting cycles in US property-liability insurance. Journal of Risk Finance 13, 4-12.
  4. Boucher, J.-Ph., Denuit, M., & Guillen, M. (2011). Correlated random effects for hurdle models applied to claim counts. Variance, in press.
  5. Gschlossl, S., Schoenmaekers, P., & Denuit, M. (2011). Risk classification in life insurance: Methodology and case study. European Actuarial Journal 1, 23-41.
  6. Denuit, M., Haberman, S., & Renshaw, A. (2011). Longevity-indexed life annuities. North American Actuarial Journal 15, 97-111.
  7. Denuit, M., Eeckhoudt, L., & Menegatti, M. (2011). A note on subadditivity of zero-utility premiums. ASTIN Bulletin 41, 239-250.
  8. Trufin, J., Albrecher, H., & Denuit, M. (2011). Properties of risk measures derived from ruin theory. The Geneva Risk and Insurance Review 36, 174-188.
  9. Christiansen, M., & Denuit, M. (2010). First-order mortality rates and safe-side actuarial calculations in life insurance. ASTIN Bulletin 40, 587-614.
  10. Denuit, M., Haberman, S., & Renshaw, A. (2010). Comonotonic approximations to quantiles of life annuity conditional expected present values: extensions to general ARIMA models and comparison with the bootstrap. ASTIN Bulletin 40, 331-349.
  11. Pigeon, M., & Denuit, M. (2011). Composite Lognormal-Pareto model with random threshold. Scandinavian Actuarial Journal, 177-192.
  12. Biffis, E., Denuit, M., & Devolder, P. (2010). Stochastic mortality under measure changes. Scandinavian Actuarial Journal, 284-311.
  13. Trufin, J., Albrecher, H., & Denuit, M. (2010). Ruin problems in presence of underwriting cycles. North American Actuarial Journal, in press.
  14. Dhaene, J., Denuit, M., & Vanduffel, S. (2009). Correlation order, merging and diversification. Insurance: Mathematics and Economics 45, 325-332.
  15. Boucher, J.-Ph., Denuit, M., & Guillen, M. (2009). Number of accidents or number of claims? An approach with Zero-Inflated Poisson models for panel data. Journal of Risk and Insurance 76, 821-846.
  16. Frostig, E., & Denuit, M. (2009). Ruin probabilities and optimal capital allocation for heterogeneous life annuity portfolios. Scandinavian Actuarial Journal, 295-305.
  17. Denuit, M., & Frostig, E. (2009). Life insurance mathematics with random life tables. North American Actuarial Journal 13, 339-355.
  18. Denuit, M., & Frostig, E. (2008). First-order mortality basis for life annuities. Geneva Risk and Insurance Review 33, 75-89.
  19. Boucher, J.-Ph., Denuit, M., & Guillen, M. (2008). Models of insurance claim counts with time dependence based on generalization of Poisson and Negative Binomial distributions. Variance 2, 135-162.
  20. Denuit, M. (2008). Comonotonic approximations to quantiles of life annuity conditional expected present values. Insurance: Mathematics and Economics 42, 831-838.
  21. Boucher, J.-Ph., & Denuit, M. (2008). Credibility premiums for the zero-inflated Poisson model and new hunger for bonus interpretation. Insurance: Mathematics and Economics 42, 727-735.
  22. Courtois, C., & Denuit, M. (2008). Convex bounds on multiplicative martingales, with applications to pricing in incomplete markets. Insurance: Mathematics and Economics 42, 95-100.
  23. Courtois, C., & Denuit, M. (2007). On immunization and s-convex extremal distributions. Annals of Actuarial Science 2, 67-90.
  24. Courtois, C., & Denuit, M. (2007). Local moment matching and s-convex extrema. ASTIN Bulletin 37, 387-404.
  25. Boucher, J.-Ph., Denuit, M., & Guillen, M. (2007). Risk classification for claim counts: A comparative analysis of various zero-inflated mixed Poisson and hurdle models. North American Actuarial Journal 11, 110-131.
  26. Cossette, H., Delwarde, A., Denuit, M., Guillot, F. & Marceau, E. (2007). Pension plan valuation and dynamic mortality tables.  North Americal Actuarial Journal 11, 1-34.
  27. Denuit, M., & Frostig, E. (2007). Association and heterogeneity of insured lifetimes in the Lee-Carter framework. Scandinavian Actuarial Journal 107, 1-19.
  28. Denuit, M., Devolder, P., & Goderniaux, A.-C. (2007). Securitization of longevity risk: Pricing survivor bonds with Wang transform in the Lee-Carter framework. Journal of Risk and Insurance 74, 87-113.
  29. Pitrebois, S., Denuit, M., & Walhin, J.-F. (2006). An actuarial analysis of the French bonus-malus system. Scandinavian Actuarial Journal 2006(5), 247-264.
  30. Pitrebois, S., Denuit, M., & Walhin, J.-F. (2006). Multi-event bonus-malus scales. Journal of Risk and Insurance 73, 517-528.
  31. Denuit, M., & Frostig, E. (2006). Heterogeneity and the need for economic capital in the individual model.  Scandinavian Actuarial Journal 2006(1), 42-66.
  32. Frostig, E., & Denuit, M. (2006). Monotonicity results for portfolios with heterogeneous claims arrival processes. Insurance: Mathematics & Economics 38, 484-494.
  33. Denuit, M., Purcaru, O., & Van Keilegom, I. (2006). Bivariate archimedean copula modelling for censored data in nonlife insurance. Journal of Actuarial Practice 13, 5-32.
  34. Boucher, J.-Ph., & Denuit, M. (2006). Fixed versus random effects in Poisson regression models for claim counts: A case study with motor insurance. ASTIN Bulletin 36, 285-301.
  35. Brouhns, N., Denuit, M., & Van Keilegom, I. (2005). Bootstrapping the Poisson log-bilinear model for mortality projection. Scandinavian Actuarial Journal, 212-224.
  36. Czado, C., Delwarde, A., & Denuit, M. (2005). Bayesian Poisson log-bilinear mortality projections. Insurance: Mathematics & Economics 36, 260-284.
  37. Walhin, J.-F., & Denuit, M. (2005). On the pricing of Top & Drop Excess of Loss covers. Journal of Actuarial Practice 12, 137-156.
  38. Pitrebois, S., Denuit, M., & Walhin, J.-F. (2005). Bonus-malus systems with varying deductibles. ASTIN Bulletin 35, 261-274.
  39. Denuit, M., & Lang, S. (2004). Nonlife ratemaking with Bayesian GAMs. Insurance: Mathematics and Economics 35, 627-647.
  40. Cebrian, A., Denuit, M., & Scaillet, O. (2004). Testing for concordance ordering. ASTIN Bulletin 34, 151-173.
  41. Brouhns, N., Guillen, M.,  Denuit, M., & Pinquet, J. (2003). Bonus-malus scales in segmented tariffs with stochastic migration between segments. Journal of Risk and Insurance 70, 577-599.
    Paper Awarded CAS Prize for the best article published  in the Journal of Risk and Insurance during 2003.
  42. Purcaru, O., & Denuit, M. (2003). Dependence in dynamic claim frequency credibility models. ASTIN Bulletin 33, 23-40.
  43. Cebrian, A., Denuit, M., & Lambert, Ph. (2003). Generalized Pareto fit to the Society of Actuaries' large claims database. North American Actuarial Journal 7, 18-36.
  44. Pitrebois, S., Denuit, M., & Walhin, J.-F. (2003). Setting a bonus-malus scale in the presence of other rating factors: Taylor's work revisited. ASTIN Bulletin 33, 419-436.
  45. Denuit, M., Genest, Ch., & Marceau, E. (2002). Criteria for the stochastic ordering of random sums, with actuarial applications. Scandinavian Actuarial Journal, 3-16.
  46. Denuit, M. (2002). S-convex extrema, Taylor-type expansions and stochastic approximations. Scandinavian Actuarial Journal, 45-67.
  47. Denuit, M., Lefevre, Cl., & Utev, S. (2002). Measuring the impact of dependence between claims occurrences. Insurance: Mathematics and Economics 30, 1-19.
  48. Dhaene, J., Denuit, M., Goovaerts, M.J., Kaas, R., & Vyncke, D. (2002). The concept of comonotonicity in actuarial science and finance: Theory. Insurance : Mathematics and Economics 31, 3-33.
    Paper placed in the top 1% within its field according to the Essential Science Indicators (2005 ranking).
    Rank 1 among the 20 most cited paper of all 674 published in IME, period 1998-2008.
  49. Dhaene, J., Denuit, M., Goovaerts, M.J., Kaas, R., & Vyncke, D. (2002). The concept of comonotonicity in actuarial science and finance: Applications. Insurance : Mathematics and Economics 31, 133-161.
    Rank 2 among the 20 most cited paper of all 674 published in IME, period 1998-2008.
  50. Brouhns, N., Denuit, M., & Vermunt, J.K. (2002). A Poisson log-bilinear approach to the construction of projected life tables. Insurance : Mathematics and Economics 31, 373-393.
    Rank 18 among the 20 most cited paper of all 674 published in IME, period 1998-2008.
  51. Kaas, R., Dhaene, J., Vyncke, D., Goovaerts, M.J., & Denuit, M. (2002). A simple proof that comonotonic risks have the convex largest sum. ASTIN Bulletin 32, 71-80.
  52. Denuit, M., Dhaene, J., & Ribas, C. (2001). Does positive dependence between individual risks increase stop-loss premiums? Insurance: Mathematics and Economics 28, 305-308.
  53. Denuit, M. (2001). Laplace transform ordering of actuarial quantities. Insurance: Mathematics and Economics 29, 83-102.
  54. Bermudez, L, Denuit, M., & Dhaene, J. (2001). Exponential bonus-malus systems integrating a priori risk classification. Journal of Actuarial Practice 9, 84-112.
  55. Cossette, H., Denuit, M., & Marceau, E. (2000). Impact of dependence among multiple claims in a single loss. Insurance: Mathematics and Economics 26, 213-222.
  56. Denuit, M., Lefevre, Cl., & Mesfioui, M. (1999). On s-convex stochastic extrema for arithmetic risks. Insurance: Mathematics and Economics 25, 143-155.
  57. Denuit, M. (1999). Time stochastic s-convexity of claim processes. Insurance: Mathematics and Economics 26, 203-211.
  58. Denuit, M., De Vijlder, F.E., & Lefevre, Cl. (1999). Extremal generators and extremal distributions for the continuous s-convex stochastic orderings. Insurance: Mathematics and Economics 24, 201-217.
  59. Denuit, M., Genest, Ch., & Marceau, E. (1999). Stochastic bounds on sums of dependent risks. Insurance: Mathematics and Economics 25, 85-104.
    Rank 20 among the 20 most cited paper of all 674 published in IME, period 1998-2008.
  60. Denuit, M., & Vermandele, C. (1999). Lorenz and excess-wealth orders, with applications in reinsurance theory. Scandinavian Actuarial Journal, 170-185.
  61. Dhaene, J., & Denuit, M. (1999). The safest dependence structure among risks. Insurance: Mathematics and Economics 25, 11-21.
    Rank 12 among the 20 most cited paper of all 674 published in IME, period 1998-2008.
  62. Denuit, M., Lefevre, Cl., & Mesfioui, M. (1999). A class of bivariate stochastic orderings with applications in actuarial sciences. Insurance: Mathematics and Economics 24, 31-50.
  63. Denuit, M., Lefevre, Cl., & Mesfioui, M. (1999). Stochastic orderings of convex-type for discrete bivariate risks. Scandinavian Actuarial Journal, 32-51.
  64. Denuit, M. (1999). Discussion of "Bounds for actuarial present values under the fractional independence age assumption" by Werner Huerlimann. North American Actuarial Journal 3, 76-79.
  65. Denuit, M. (1999). The exponential premium calculation principle revisited. ASTIN Bulletin 29, 215-226.
  66. Denuit, M., & Cornet, A. (1999). Premium calculation with dependent time-until-death random variables: The widow's pension. Journal of Actuarial Practice 7, 147-180.
  67. Denuit, M., & Vermandele, C. (1998). Optimal reinsurance and stop-loss order. Insurance: Mathematics and Economics 22, 229-233.
  68. Denuit, M., & Lefevre, Cl. (1997). Some new classes of stochastic order relations among arithmetic random variables, with applications in actuarial sciences. Insurance: Mathematics and Economics 20, 197-214.
  69. Denuit, M. (1997). A new distribution of Poisson-type for the number of claims. ASTIN Bulletin 27, 229-242.

Articles in national peer-reviewed scientific journals

  1. Ledoux, J.-L., & Denuit, M. (2011). Capitalisation de l'usufruit: tables Ledoux 2011. Revue du Notariat Belge 3053, 370-384.
  2. Boucher, J.-Ph., & Denuit, M. (2008). Crédibilité linéaire bivariée utilisant le nombre de périodes avec réclamations: modèles de Poisson, modèles à barrière et modèles gonflés à zéro. Assurances et Gestion des Risques/Insurance and Risk Management 75, 487-520.
  3. Bolance, C., Denuit, M., Guillen, M., & Lambert, Ph. (2007). Greatest accuracy credibility with dynamic heterogeneity: The Harvey-Fernandes model. Belgian Actuarial Bulletin 7, 14-18.
  4. Boucher, J.-Ph., & Denuit, M. (2007). Duration dependence models for claim counts. German Actuarial Bulletin 28, 29-45.
  5. Ledoux, J.-L., & Denuit, M. (2007). Capitalisation de l'usufruit: tables Ledoux 2007. Revue du Notariat Belge 3007, 174-187.
  6. Delwarde, A., Denuit, M., Devolder, P., & Marechal, X. (2007). Prix de rentes: de la réglementation aux "fair value". Revue Générale des Assurances et des Responsabilités 2007(8), 1-7.
  7. Denuit, M., Frostig, E., & Levikson, B. (2006). Shifts in interest rate and common cause model for coupled lives. Belgian Actuarial Bulletin 6, 1-4.
  8. Delwarde, A., Denuit, M., Guillen, M., & Vidiella, A. (2006). Application of the Poisson log-bilinear projection model to the G5 mortality experience. Belgian Actuarial Bulletin 6, 54-68.
  9. Biffis, E., & Denuit, M. (2006). Lee-Carter goes risk-neutral: An application to the Italian annuity market. Giornale dell'Istituto Italiano degli Attuari 69, 33-53.
    Paper awarded the 2006 Giuseppe Ottaviani Prize in Insurance.
  10. Denuit, M., Genest, C., & Mesfioui, M. (2006). Calcul de bornes sur la prime en excédent de perte de fonctions de risques dépendants en présence d'information partielle sur leurs marges. Annales des Sciences Mathématiques du Québec 30, 63-78.
  11. Pitrebois, S., Walhin, J.-F., & Denuit, M. (2006). How to transfer policyholders from one bonus-malus scale to the other? German Actuarial Bulletin 27, 607-618.
  12. Denuit, M., & Goderniaux, A.-C. (2005). Closing and projecting life tables using log-linear models. Bulletin of the Swiss Association of Actuaries, 29-49.
  13. Delwarde, A., & Denuit, M. (2005). Sur les méthodes de conversion d'une rente en un capital. Revue Générale des Assurances et des Responsabilités 2005.9, 14036/1-10.
  14. Pitrebois, S., Denuit, M., & Walhin, J.-F. (2004). Bonus-malus scales in segmented tariffs: Gilde & Sundt's work revisited. Australian Actuarial Journal 10, 107-125.
  15. Magis, C., Denuit, M., & Walhin, J.-F. (2004). Une proposition de tables prospectives pour le marché belge des rentes. Belgian Actuarial Bulletin 4, 23-43.
  16. Purcaru, O., Guillen, M., & Denuit, M. (2004). Linear credibility models based on time series for claim counts. Belgian Actuarial Bulletin 4, 62-74.
  17. Magis, C., Denuit, M., & Walhin, J.-F. (2004). La mortalité, un phénomène en pleine mutation: quelle solution pour le marché des rentes? Bulletin Français d'Actuariat 6, 43-75.
  18. Magis, C., Denuit, M., & Walhin, J.-F. (2004). La TPRV française: dépassée? Bulletin Français d'Actuariat 6, 11-42.
  19. Delwarde, A., Kachakhidze, D., Olie, L., & Denuit, M. (2004). Modèles linéaires et additifs généralisés, maximum de vraisemblance local et méthodes relationnelles en assurance sur la vie. Bulletin Français d'Actuariat 6, 77-102.
  20. Denuit, M., Pitrebois, S. & Walhin, J.-F. (2003). Tarification automobile sur données de panel. Bulletin of the Swiss Association of Actuaries, 51-81.
  21. Delwarde, A., & Denuit, M. (2003). Importance de la période d'observation et des âges considérés dans la projection de la mortalité selon la méthode de Lee-Carter. Belgian Actuarial Bulletin 3, 1-21.
  22. Brouhns, N., & Denuit, M. (2003). Actuarial modelling of longitudinal claims data through GAMMs: Some methodological results. German Actuarial Bulletin 26, 25-39.
  23. Denuit, M., & Dhaene, J. (2003). Simple characterizations of comonotonicity and countermonotonicity by extremal correlations. Belgian Actuarial Bulletin 3, 22-27.
  24. Pitrebois, S., Denuit, M., & Walhin, J.-F. (2003). Fitting the Belgian Bonus-Malus system. Belgian Actuarial Bulletin 3, 58-62.
  25. Cebrian, A., Denuit, M., & Lambert, Ph. (2003). Analysis of bivariate tail dependence using extreme value copulas: An application to the SOA medical large claims database. Belgian Actuarial Bulletin 3, 33-41.
  26. Cossette, H., Denuit, M., & Marceau, E. (2002). Distributional bounds for functions of dependent risks. Bulletin of the Swiss Association of Actuaries, 45-65.
  27. Purcaru, O., & Denuit, M. (2002). On the dependence induced by frequency credibility models. Belgian Actuarial Bulletin 2, 73-79.
  28. Brouhns, N., & Denuit, M. (2002). Risque de longévité et rentes viagères. I. Evolution de la mortalité en Belgique de 1880 à nos jours. Belgian Actuarial Bulletin 2, 26-48.
  29. Brouhns, N., & Denuit, M. (2002). Risque de longévité et rentes viagères. II. Tables de mortalité prospectives pour la population belge. Belgian Actuarial Bulletin 2, 49-63.
  30. Brouhns, N., & Denuit, M. (2002). Risque de longévité et rentes viagères. III. Elaboration de tables de mortalité prospectives pour la population assurée belge, et évaluation du coût de l'antisélection. Belgian Actuarial Bulletin 2, 64-72.
  31. Purcaru, O., & Denuit, M. (2002). On the stochastic increasingness of future claims in the Buhlmann linear credibility premium. German Actuarial Bulletin 25, 781-793.
  32. Brouhns, N., Denuit, M., & Vermunt, J.K. (2002). Measuring the longevity risk in mortality projections. Bulletin of the Swiss Association of Actuaries, 105-130.
  33. Denuit, M., & Dhaene, J. (2001). Bonus-Malus scales using exponential loss functions. German Actuarial Bulletin 25, 13-27.
  34. Cossette, H., Denuit, M., Dhaene, J., & Marceau, E. (2001). Stochastic approximations for present value functions. Bulletin of the Swiss Association of Actuaries, 15-28.
  35. Denuit, M., Dhaene, J., Le Bailly de Tilleghem, C. & Teghem, S. (2001). Measuring the impact of a dependence among insured lifelengths. Belgian Actuarial Bulletin 1, 18-39.
  36. Denuit, M., & Lambert, Ph. (2001). Smoothed NPML estimation of the risk distribution underlying Bonus-Malus systems. Proceedings of the Casualty Actuarial Society 88, 142-174.
  37. Denuit, M. (2000). Stochastic analysis of duplicates in life insurance portfolios. German Actuarial Bulletin 24, 507-514.
  38. Denuit, M., & Cornet, A. (1999). Sur la hauteur du chargement implicite contenu dans l'hypothèse d'indépendance: l'assurance "solde restant dû»". Bulletin of the Swiss Association of Actuaries 1999(1), 65-80.
  39. Denuit, M. (1999). Bases techniques de l'assurance-vie individuelle en Belgique. Revue Générale des Assurances et des Responsabilités 72(4), 13078/1-13078/11.
  40. Denuit, M., Dhaene, J., & Van Wouwe, M. (1999). The economics of insurance: A review and some recent developments. Bulletin of the Swiss Association of Actuaries, 137-175.
  41. Denuit, M., & Lefevre, Cl. (1997). Stochastic product orderings, with applications in actuarial sciences. Bulletin Français d'Actuariat 1, 61-82.

Articles in professional insurance/actuarial journals

  1. Denuit, M. (2008). Weakness of the actuarial equivalence principle for personal injury and fatal accidents compensation. Pravartak (The Indian Journal of Insurance and Risk Management) 3(2), 56-58.
  2. Delwarde, A., & Denuit, M. (2006). Construction de tables de mortalité d'expérience. Monde de l'Assurance 2006.3, 22-27.
  3. Denuit, M., & Walhin, J.-F. (2005). La conversion en rente: le nouvel arrêté royal est entré en vigueur. Monde de l'Assurance 2005.8, 19-21.
  4. Denuit, M. (2005). Quand la différenciation tarifaire est-elle techniquement justifiée? Monde de l'Assurance, Dossier spécial 2005.1, 1-8.
  5. Pitrebois, S., Denuit, M., & Walhin, J.-F. (2003). Echelles bonus-malus : Questions d'actualité.
    Monde de l'Assurance 324, 1-12 (Dossier spécial).
  6. Brouhns, N., & Denuit, M. (2002). Rentes viagères: Des bases réglementaires totalement dépassées. Monde de l'Assurance 304, 18-21.
  7. Brouhns, N., Delfosse, Ph., Delwarde, A., & Denuit, M. (2002). Assurances de groupes ou fonds de pension. Liquidation en rentes: Oui, mais à quel prix? Monde de l'Assurance 319, 25-28.

Contributions to collective works 

  1. Denuit, M., Eeckhoudt, L., Tsetlin, I., & Winkler, R.L. (2012). Multivariate concave and convex stochastic dominance. In "Risk Measures and Attitudes", European Actuarial Academy (EAA) Series, Springer.
  2. Boucher, J.-Ph., Denuit, M., & Guillen, M. (2007). Modelling of insurance claim count with hurdle distribution for panel data. In "Advances in Mathematical and Statistical Modeling", Arnold, B.C.; Balakrishnan, N.; Sarabia, J.M.; Minguez, R. (Eds.), Statistics for Industry and Technology series, Birkhauser, Boston, pp. 45-59.
  3. Denuit, M., & Dhaene, J. (2004). Dependent Risks. In "Encyclopedia of Actuarial Science", edited by J.L. Teugels and B. Sundt, Wiley, pp. 464-471.
  4. Denuit, M., & Mueller, A. (2004). Convexity. In "Encyclopedia of Actuarial Science", edited by J.L. Teugels and B. Sundt, Wiley, pp. 362-364.
  5. Denuit, M., & Mueller, A. (2004). Stochastic orderings. In "Encyclopedia of Actuarial Science", edited by J.L. Teugels and B. Sundt, Wiley, pp. 1606-1610.

Conference proceedings

  1. Courtois, C., Denuit, M., & Van Bellegem, S. (2005). Discrete s-convex extrema, with applications in actuarial science. Proceedings of the "3rd Actuarial and  Financial Mathematics Day", Brussels, pages 35-46. 
  2. Denuit, M., & Purcaru, O. (2004). How to deal with correlated risks in actuarial science? Proceedings of the "2nd Actuarial and  Financial Mathematics Day", Brussels, pages 21-34.
  3. Denuit, M., & Lefevre, Cl. (2001). Stochastic s-(increasing) convexity. In Generalized Convexity and Generalized Monotonicity, pp.167-182, N. Hadjisavvas, J.E. Martinez-Legaz & J.-P. Penot Editors,
    Lecture Notes in Economics and Mathematical Systems 502, Springer, New York. (Proceedings of the 6th International Symposium on Generalized Convexity / Monotonicity, Karlovassi, Samos, Greece, August 30 - September 3 1999)
  4. Denuit, M. (1997). Sur la détermination du nombre de composantes dans un modele de mélange fini. Actes de la 18ème Rencontre Franco-Belge de Statisticiens, 11-15.
  5. Denuit, M., Lefevre, Cl., & Picard, Ph. (1997). Familles de polynômes remarquables, statistique d'ordre et fonctions de répartition. Actes des 29emes Journées de Statistique de l'A.S.U., 327-330.

Services

Applied research and consulting

  • Co-founder (with Pierre Devolder, Xavier Maréchal and Jean-François Walhin) of Reacfin SA, a spin-off of the Université Catholique de Louvain (UCL), see www.reacfin.com
  • President of the Scientific Committee of Reacfin SA (2004-2006)
  • Member of the Scientific Committee "Mortality-Longevity" of the Reinsurer SCOR-Vie (2004-2007)
  • Member of the Scientific Committee "Longevity Risk" of AXA Group Risk Management (2006-2009)
  • Member of the Orientation Committee "Assurance et Risques Majeurs" Chair of the French "Fondation du Risque" (2007-2011)
  • Scientific Advisor for the "Assurances soins de santé et longévité" Chair, UCL-DKV partnership (2009-2012)
  • Scientific Advisor for the KULeuven "AG Insurance Chair in Health Insurance" directed by Prof. Jan Dhaene (2010-2014)

Continuous professional development - CPD

  • Academic responsible for  the CPD training program of the Institute of Actuarial Science, UCL, Louvain-la-Neuve, Belgium (2003-2005)
  • Trainer for CPD sessions at Les Assurances Fédérales, Actuarieel Genootschap (CPD of the Dutch Actuarial Society), Secura Belgian Re, Fortis AG, Centre de Recherche Caritat, Concentric Finance Master Class, Reacfin, Munich Re, Insert - Insurance Services & Training, Assuralia, Swiss Association of Actuaries, Groupe Consultatif

Applied research and consulting reports

  1. Denuit M. & Pinquet J. (2001). Produits multigaranties: techniques de réévaluation des risques en cours. Winterthur Europe.
  2. Brounhs N., Delwarde A. & Denuit M. (2002). Méthodes d'élaboration de tables de mortalité prospectives, ou comment tarifer des rentes viagères lorsque la mortalité évolue. Association Royale des Actuaires Belges.
  3. Brouhns, N., & Denuit M. (2004). Datawarehouse des pensions du secteur public: Analyse des besoins externes. Projet SSTC AG/10/077, SPP Politique scientifique.
  4. Delwarde, A., & Denuit M. (2004). Mortalité des pensionnés du secteur public: Analyse actuarielle et démographique. Projet SSTC AG/10/078, SPP Politique scientifique.
  5. Denuit, M., & Marechal, X. (2004). BM-builder User's Guide. Reacfin SA, UCL Spinoff.
  6. Denuit, M., & Goderniaux, A.-C. (2004). Loss distribution approach for operational risk: Analysis of the Euroclear Bank Historical Internal Losses Data and ORX Database. Reacfin SA, UCL Spinoff.
  7. Delwarde, A., & Denuit, M. (2005). Méthodes relationnelles en assurance vie (SCOR Vie). Reacfin SA, UCL Spinoff.
  8. Denuit, M., Marechal, X., & Closon, J.-P. (2005). Etude relative aux coûts potentiels liés à une éventuelle modification des règles du droit de la responsabilité médicale. Phase II: Développement d'un modèle actuariel et premières estimations. KCE Reports - Centre Fédéral d'Expertise des Soins de Santé, Volume 16B.
    Available from http://www.centredexpertise.fgov.be
  9. Denuit, M., & Delwarde, A. (2005). Loss distribution approach for operational risk: Analysis of the 1999-2004 Euroclear Bank Historical Internal Losses Data and ORX Database. Reacfin SA, UCL Spinoff.
  10. Denuit, M. (2006). Actuarial ratemaking for optional motor insurance products. Reacfin SA, UCL Spinoff.
  11. Marechal, X., Denuit, M., Vinck, I., & Closon, J.-P. (2006). Etude relative aux coûts potentiels liés à une éventuelle modification des règles du droit de la responsabilité médicale. Phase III: Affinement des estimations. KCE Reports - Centre Fédéral d'Expertise des Soins de Santé, Volume 35B.
    Available from http://www.centredexpertise.fgov.be
  12. Denuit, M., & Marechal, X. (2007). Market Cycles Modelling (AXA International). Reacfin SA, UCL Spinoff.
  13. Marechal, X., Denuit, M., Vinck, I., & Closon, J.-P. (2007). Indemnisation des dommages résultant de soins de santé - Clé de répartition entre le Fonds et les assureurs. KCE Reports - Centre Fédéral d'Expertise des Soins de Santé.
    Available from http://www.centredexpertise.fgov.be
  14. Yerna, B.-L., & Denuit, M. (2008). Reacfin's life tables for Belgium. Reacfin SA, UCL Spinoff.
  15. Devolder, P., Denuit, M., Marechal, X., Yerna, B.-L., Closon, J.-P., Leonard, C., Senn, A., & Vinck, I. (2008). Construction d'un index médical pour les contrats privés d'assurance maladie. KCE Reports - Centre Fédéral d'Expertise des Soins de Santé.
    Available from http://www.centredexpertise.fgov.be
  16. Yerna, B.-L., Marechal, X.,  Denuit, M., Closon, J.-P., & Vinck, I. (2009). Indemnisation des dommages résultant de soins de santé: impact budgétaire de la transposition du système français en Belgique. KCE Reports - Centre Fédéral d'Expertise des Soins de Santé.
    Available from http://www.centredexpertise.fgov.be
  17. Henry de Frahan, B., Saegerman, Cl., Denuit, M., Dubuisson, B., Ledoux, O., Pigeon, M., Vandeputte, S., & Weynants, S. (2011). Etude de la possibilité et proposition de mise en place de mécanismes assurantiels ou de mutualisation des risques dans le secteur agricole en Région wallonne. Marché de services de recherche et de développement D31-1251, Financement de la Direction générale opérationnelle de l'agriculture, des ressources naturelles et de l'environnement,

    Service Public de Wallonie.


| 2/07/2009 |