Professor Phelim Boyle

The conference will honor Professor Phelim Boyle’s ground-breaking contributions to public policy and practice within the field of financial risks, as he will be retiring from WLU in June 2020. Over a long and distinguished academic career that has spanned nearly five decades, Boyle has made outstanding contributions in a number of fields including finance, quantitative finance, actuarial science, corporate finance, portfolio management and risk management.


Phelim Boyle has made important contributions to finance teaching and research throughout his career at the University of British Columbia, the University of Waterloo and Wilfrid Laurier University. At UBC he pioneered the application of the Monte Carlo method for addressing finance problems. While at the University of Waterloo, Boyle established the Masters of Quantitative Finance program. He has played an important role in the Wilfrid Laurier PhD program in Finance. His seminal work on Monte Carlo-based option pricing facilitated the 1980s explosion in the world of derivatives, as it enabled users to tackle complex problems. It also made use of computers, which have become a very useful tool in the modern financial and insurance industry. His work involves the use of mathematical models to solve problems at the interface of finance and actuarial science. He has also pioneered the use of financial engineering techniques to the pricing and risk management of complex long-term options in insurance contracts. He published influential papers in all the major finance journals including, Journal of Finance, Review of Financial Studies and Journal of Financial Economics, which also have influenced financial practice by providing sophisticated tools for financial institutions to better manage their risks.


His pioneering research work in risk management in finance and insurance has won national and international recognition. He has been awarded the Centennial Gold Medal of the International Actuarial Association and the Gold Medal of the Institute and Faculty of Actuaries. In 2005, he was recognized as the IAFE/SunGard Financial Engineer of the Year – previous recipients of the award include Nobel Prize award winners in Economics. In 2019, he was elected as a Fellow of the Royal Society of Canada.

©2020 by Recent Advances in Financial Risk Management Conference. Proudly created with