Grant Summary: Research Grants for Innovation in Financial Risks and ERM

Grant Summary: Research Grants for Innovation in Financial Risks and ERM

A new call is open from the International Actuarial Association (IAA) to support original research that advances developments and innovations in financial risks, investments, and enterprise risk management (ERM).

Deadline

1 December 2025

Grant Amount

• CAD $20,000 – $30,000 (one-time grant)

• Projects can last up to 24 months

• Final report and scientific paper due within 27 months

Focus Areas

Proposals are invited on research that addresses:

1. Climate change and its impact on financial risks, investments, and ERM

2. Financial resilience of retirement systems and insurers under economic and demographic stress

3. AI and machine learning in risk management

4. Systemic risk in insurance and reinsurance

5. Model risk and uncertainty in financial and investment decisions

6. Behavioural risk in ERM

7. Pandemics and their financial/investment impacts

8. Parametric insurance and its role in financial risk and ERM

Eligibility

• Open to academics, practitioners, or mixed teams with relevant expertise

• Research must:

  • Produce a peer-reviewed scientific paper suitable for publication

  • Include a presentation at an AFIR-ERM webinar and colloquium

  • Demonstrate novelty, impact, and practical relevance

Proposal Requirements

Proposals (≤20 pages, ≤80,000 characters, 12pt font, 1.5 spacing) must include:

1. Title and short description of research topics

2. Current state of research with references to key publications

3. Applicants’ prior work and its relevance

4. Novelty of research and identified knowledge gap

5. Research plan: approach, objectives, studies, experiments, risk assessment, data sources, team roles

6. Impacts for science and practice

7. Statement of originality (not published/under review elsewhere)

8. Schedule with key milestones

9. Detailed budget with deliverables

10. Bibliography

11. Applicants’ résumés

 Notification & Start

• Decisions announced: 1 February 2026

• Selected projects must begin within 6 months of acceptance

Recommendation: Researchers with expertise in actuarial science, finance, or risk management should prepare a detailed, novel, and practice-relevant proposal.
Next step: Assemble your research team, outline the novelty and societal impact of your project, and begin drafting the proposal to meet the 1 December 2025 deadline.

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