Dr. Pai received his Bachelor of Commerce at Feng Chia University, Taiwan, ROC, in 1984.  After two years of military service in Taiwan, Dr. Pai studied at the University of Connecticut, USA, where he received his Master of Science in Actuarial Sciences in 1990 and his Ph.D. in Statistics in 1994. Dr. Pai achieved the Associate of the Society of Actuaries in 1990 and the Professional Statistician of the Statistical Society of Canada in 2005.  Before joining the Warren Centre in 1996, Dr. Pai was employed at the University of Basel, Switzerland, where he spent two years researching in the areas of Econometrics and Statistics. Dr. Pai was promoted to Associate Professor in 2001, Full Professor in 2008, and granted tenure in 2000 at the University of Manitoba.

Dr. Pai has received individual and joint research grants from Canada, the United States of America, the Unite Kingdom, Switzerland, and Taiwan. Dr. Pai has many refereed publications in top journals such as Journal of Econometrics, Journal of Time Series analysis, Insurance: Mathematics & Economics, and North American Actuarial Journal. 

Dr. Pai has over 20 years of university teaching experience in the United States of America, Switzerland, Canada, China, Thailand, and Taiwan.  Dr. Pai received the ``Students-Teacher Recognition Awards'' at University of Manitoba in 2002 and was featured as a “PopularProfs” in MACLEAN’s Guide (2004) to Canadian Universities.

Research Interests

  • Risk management and Derivatives Statistical Modeling
  • Term Structure of Interest Rates
  • Risk Theory
  • Bayesian Analysis
  • Markov Chain Monte Carlo Simulations

Teaching Interests

  • Life Contingencies
  • Risk Theory
  • Survival Analysis
  • Simulation
  • Credibility Theory
  • Loss models