Research Summary in Finance and Insurance

In this paper, we summarize our main researches in financial and insurance areas. We emphasizes that we first present Multi-Vasecek Models extended from Vasecek Model and relevant study on its applications in the measurement and prevention of systemic risk faced by financial system, optimization of insurance price, investment and reinsurance strategies, insolvency monitoring and regulation and so on. The methodology we present is a pioneering work in the theoretical study and the application of financial, insurance and even in engineering areas. Its influence will be profound. In addition, we also review our main research on other aspects including insurance pricing, investment and reinsurance using time-inconsistent dynamic programming; analysis of social benefit (loss) of moral hazard and risk taking; retirement decision and mortality improvement; product mix, capital management and capital regulation and other research aspects.