Innovating in Quantitative Data Analytics for
Risk Management and Insurance Practice since 2010
Established in April 2010, the Scottish Financial Risk Academy (SFRA) is dedicated to improving the understanding of financial risk and insurance modelling through industry-academic interaction.
It runs a series of Knowledge Exchange activities, which include an annual Risk Colloquia, monthly Quant Forum, Knowledge Transfer Workshops, project placements for MSc and PhD students, and postgraduate course modules taught by industry professionals.
Since Prof. Alexander McNeil founded the SFRA, it has been through two prior phases of operation. Its core membership has evolved over this time as have the areas of relevance to risk and insurance modelling in Scotland.
Since his retirement, with Professor Angus MacDonald performing the role of interim academic director and the original Chairman of the steering committee John Hibbert, the SFRA is entering into an exciting new phase of innovation under the leadership of incoming Director Prof. Gareth W. Peters and the capable stewardship of the steering committee comprising core membership from Heriot-Watt University, the University of Edinburgh and leading industry partners.
The Scottish Financial Risk Academy (SFRA) has forged a new initiative with the representative body for Financial Services in Scotland, Scottish Financial Enterprise (SFE) to create the SFRA Group.
By connecting the SFRA and the two universities with SFE the efforts of both academia and the financial services industry within the remit of risk management will be combined and strengthened. The intended goals are to continue to bring to bear on industry practice rigorous approaches to modelling as well as knowledge transfer in training the next-generation of financial risk, insurance, data science and fintech sector professionals.