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Dr. Krzysztof Ostaszewski

Distinguished Professor, Actuarial Program Director
Mathematics
Office
STV Stevenson Hall 313G
Office Hours
Tuesday, Thursday 3-4 p.m. (but may vary by semester)
  • About
  • Education
  • Awards & Honors
  • Research

Biography

Actuarial Program Director. Credentialed actuary with industry experience. Published several research monographs with Elsevier, American Mathematical Society, and Society of Actuaries. Papers in leading journals in actuarial science, mathematics and economics.

Current Courses

381.001Actuarial Models II

483.001Mathematical Models In Finance & Investments

498.001Professional Practice In Mathematics

Teaching Interests & Areas

Actuarial science, Asset-liability management, Financial mathematics, Probability.

Research Interests & Areas

Actuarial science, Asset-liability management, Financial mathematics, Probability.

Ph D Mathematics

University of Washington
Seattle, WA

Centers of Actuarial Excellence in the United States

2012

Letter of acknowledgemt

Center of Teaching, Learning and Technology for the work on Reggienet development.
2012

Professional Development twenty-year Certificate of Achievement of the CFA Institute

2011

Distinguished Lecture of the College of Arts and Sciences

Illinois State University
2010

Book, Authored

Ostaszewski, K. ASM Study Manual for the Society of Actuaries Course P / Casualty Actuarial Society Course 1 Examination, Fifteenth Edition. Actuarial Study Materials (2012)
Ostaszewski, K. ASM Study Manual for the Society of Actuaries Course P / Casualty Actuarial Society Course 1 Examination, Fifteenth Edition (online version). Coaching Actuaries (2012)
Ostaszewski, K. Actex MLC Five Practice Exams, 2012 Edition. Actex Publications (2012)
Ostaszewski, K., & Murdza, P. Actex MLC Review Questions, 2012 Edition. Actex Publications (2012)
Ostaszewski, K. Study Manual for the Society of Actuaries Course FM Examination, 2012 edition. Actex Publications and The Actuarial Bookstore (2012)

Book, Chapter

Jones, J., & Ostaszewski, K. Illinois State University: Creating Actuarial Capacity in Rare Harmony. Promoting Microinsurance in Ghana. National Insurance Commission of Ghana and Deutsche Gesellschaft für Internationale Zusammenarbeit (2012): 81-86.
Ostaszewski, K. ALM in Financial Intermediation: The Derivatives Business. Bob Swarup (EDs), Asset–Liability Management for Financial Institutions. A & C Black Publishers Ltd. (2012): 111-121.
Ostaszewski, K. An Interview with Mr Johan van Zyl, CEO of Sanlam, South Africa. The Four Pillars Newsletter: Research on Insurance, Retirement and Social Security 51 (2012): 21-22.
Ostaszewski, K. Editorial. The Four Pillars Newsletter: Research on Insurance, Retirement and Social Security (2012): 1-2.
Ostaszewski, K. Najlepiej zarabiajacy lekarze i horrendalne ceny leków: co zmieni sie w USA po wyborach?. an interview at Bankier.pl portal about health insurance reform in the United States (in Polish), (2012)

Conference Proceeding

Krzysztof Ostaszewski, "Insurance as a solution for the Tragedy of the Commons," Proceedings of the Hawaii University International Conference, Honolulu, Hawaii, January 2022.

Journal Article

Faroni, Silvia, Olivier Le Courtois, and Krzysztof Ostaszewski. 2022. Equivalent Risk Indicators: VaR, TCE, and Beyond. Risks 10: 142. https://doi.org/10.3390/risks10080142
Hong Mao, Krzysztof Ostaszewski, Zhongkai Wen and Jin Wang. “Time Inconsistent Stochastic Differential Game: Theory and an Example in Insurance.” Bus Econ J 13 (2022): 366.
Mao, Hong, Krzysztof Ostaszewski, Jin Wang and Zhongkai Wen. “Mortality Improvement and Risk Analysis in Chinese Annuity Insurance with Stochastic Interest Rate and Stochastic Investment Return” Bus Econ J 13 (2022): 375.
Mao, Hong, and Krzysztof Ostaszewski. 2021. "Optimal Claim Settlement Strategies under Constraint of Cap on Claim Loss" Mathematics 9, no. 24: 3284. https://doi.org/10.3390/math9243284
Rokicki, B.; Ostaszewski, K., Actuarial Credibility Approach in Adjusting Initial Cost Estimates of Transport Infrastructure Projects. Sustainability 2022, 14, 13371. https://doi.org/10.3390/su142013371

Presentations

Actuarial capacity development. International Microinsurance Conference. (2012)
Actuarial education for educators and students in Ghana. Accra office of Deutsche Gesellschaft fuer Internationale Zusammenarbeit. Katie Insurance School. (2012)
Global Retirement Crisis and the Four Pillars System. 10-th Anniversary of the Foundation of the Institute of Applied Mathematics. Middle East Technical University. (2012)
Integrated Determination of Capital, Investment and Reinsurance Strategies for Insurers. Annual meeting of the Southern Risk and Insurance Association. (2012)
Modigliani, Miller and Microinsurance. 2012 Annual meeting of the Western Risk and Insurance Association. (2012)
Optimization of price, default ratio and capital under the regulatory criterion of maximizing social benefit. Annual meeting of the Southern Risk and Insurance Association. (2012)
Risk and Sustainability. 2012 Enterprise Risk Management Meeting. (2012)
Series of lectures on insurance firm management and insurance regulation. EM Lyon. (2012)
The Role of Price Signals from the Insurance Industry for the Four Pillars. The Four Pillars: The Next Twenty Five Years. Geneva Association. (2012)
The determination of the necessary economic capital of insurance companies. 2012 Annual meeting of the Western Risk and Insurance Association. (2012)

Grants & Contracts

Actuarial Program. State Farm, Zurich, Katie School, Country Financial, Pinnacle Actuarial Resources, American Family Insurance, and D.W. Simpson. State.
High School Actuarial Career Fairs. Chicago Actuarial Association and Midwest Actuarial Forum. State.