Chong It Tan

Associate Professor Chong It Tan serves in the Department of Economics within the Faculty of Business and Economics at the University of Melbourne, specializing in Actuarial Studies. His primary research interests encompass longevity risk management, mortality modelling, and bonus-malus systems. These areas focus on critical challenges in actuarial science, including the assessment of basis risk in longevity hedging instruments such as index-based swaps and securities, which are essential for pension funds and annuity providers managing population mortality risks. Tan's work contributes to understanding discrepancies between population-level indices and portfolio-specific experiences, informing better risk transfer mechanisms in the longevity market.

Prior to joining the University of Melbourne, Chong It Tan was affiliated with the Department of Applied Finance and Actuarial Studies at Macquarie University, where he held qualifications as Dr Chong It Tan PhD, FSA, FIAA, CERA. At Melbourne, he teaches core actuarial subjects, including Contingencies (ACTL30003) and components of Actuarial Practice and Control I and II, supporting exemptions for professional qualifications. Key publications include 'Assessing Basis Risk for Longevity Transactions – Phase 2,' a report prepared for the Institute and Faculty of Actuaries (IFoA) and the Life and Longevity Markets Association in collaboration with researchers from Macquarie University and the University of Waterloo (November 2017); 'Assessing basis risk for longevity transactions – phase 2 presented by Dr Jackie Li and Dr Chong It Tan, IFoA Longevity Basis Risk Working Group – Abstract of the London discussion'; and 'Adjusting the Premium Relativities in a Bonus-Malus System – an integrated approach using the first claim time and the number of claims.' Additional scholarly contributions appear in journals addressing premium ratemaking, index-based longevity swaps, and related actuarial topics. Tan has chaired sessions on mortality modelling at international actuarial conferences, such as the 2022 event organized by Sun Yat-sen University.

Professional Email: chongit.tan@unimelb.edu.au