
Bin Zou
Associate Professor
| bin.zou@uconn.edu | |
| Mailing Address | 341 Mansfield Road, U1009, Storrs, CT 06269 |
| Office Location | MONT 428 |
| Office Hours | M 1-2 (in person) W 10-11 (virtual) |
| Courses | MATH 2210, 3639 |
| Link | https://sites.google.com/site/zoubin019/ |
Short bio
I am currently an associate professor in the Department of Mathematics, with a courtesy joint appointment in the Department of Statistics, at the University of Connecticut, where I joined as an assistant professor in Fall 2017. Previously, I was an acting assistant professor in the Department of Applied Mathematics at the University of Washington (Sep. 2016 to Aug. 2017) and a postdoc in the Department of Mathematics at the Technical University of Munich (May 2015 to Sep. 2016). I obtained my PhD in Mathematical Finance in 2015, under the supervision of Abel Cadenillas, from the University of Alberta. Both my B.S. and M.S. in Mathematics are from Beijing Institute of Technology.
Research Interests
I have broad interests in actuarial science and financial mathematics. A central topic of my research studies stochastic optimal decision-making problems that arise from insurance, finance, and operations research. In this direction, I have worked extensively on optimal (re)insurance, optimal investment-consumption, optimal dividends, and optimal loss reporting. Recently, my research has also expanded to data analytics in insurance, decentralized finance, and sports betting.
Current Lab
I am supervising one Postdoc and three PhDs at UConn Math:
- Jinghui Chen (postdoc), risk sharing in P2P insurance markets
- Yi Wu (5th), strategic loss reporting
- Shansong Huang (4th), optimal insurance under claim habit
- Thu Nguyen (2nd), decentralized insurance
Recent Publications (since 2021)
(Please visit https://sites.google.com/site/zoubin019/research for a full list of publications and working papers.)
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Liquidity provision and its information content in decentralized markets (with Tian Chen, Jun Deng, Jing Nie, and Qi Fu, 2026). Journal of Financial Markets. [Journal] [PDF].
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Optimal insurance under endogenous default and background risk (with Zongxia Liang and Zhaojie Ren, 2026). ASTIN Bulletin, 56(2), 537-562. [Journal] [arXiv]
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Optimal proportional insurance under claim habit (with Jingyi Cao, Dongchen Li, and Virginia R. Young, 2026). ASTIN Bulletin, 56(1), 220-242. [Journal] [SSRN]
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Equilibrium strategies for singular dividend control problems under the mean-variance criterion (with Jingyi Cao, Dongchen Li, and Virginia R. Young, 2026). SIAM Journal on Control and Optimization, 64(3), 1383-1405. [Journal] [arXiv] [SSRN]
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Mean-variance investment and reinsurance optimization with stochastic interest rate and volatility (with Lihua Bian, Yang Shen, and Wenjun Zhang, 2025). Quantitative Finance, 25(10), 1615-1637. [Journal] (Open Access)
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Development of telematics risk scores in accordance with regulatory compliance (with Hashan Peiris and Himchan Jeong, 2025). Variance, 18 (October), 1-15. [Journal] [ResearchGate] [SSRN]
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Equilibrium mean-variance dividend rate strategies (with Jingyi Cao, Dongchen Li, and Virginia R. Young, 2025). SIAM Journal on Financial Mathematics, 16(3), SC64-SC75. [Journal] [SSRN] [PDF]
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Co-opetition in reinsurance markets: When Pareto meets Stackelberg and Nash (with Jingyi Cao, Dongchen Li, and Virginia R. Young, 2025). Insurance: Mathematics and Economics, 125, 103133. [Journal] [SSRN] [PDF]
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Optimal loss reporting in continuous time with full insurance (with Jingyi Cao, Dongchen Li, and Virginia R. Young, 2025). SIAM Journal on Financial Mathematics, 16(2), 448-479. [Journal] [SSRN] [PDF]
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Continuous-time optimal reporting with full insurance under the mean-variance criterion (with Jingyi Cao, Dongchen Li, and Virginia R. Young, 2025). Insurance: Mathematics and Economics, 120, 79-90. [Journal] [SSRN] [PDF]
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A two-layer stochastic game approach to reinsurance contracting and competition (with Zongxia Liang and Yi Xia, 2024). Insurance: Mathematics and Economics, 119, 226-237. [Journal] [arXiv]
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Mean-variance tradeoff of Bitcoin inverse futures (with Jun Deng, Huifeng Pan, and Shuyu Zhang, 2024). Blockchain, 2024(1), 0005. [Journal] [SSRN]
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Strategic underreporting and optimal deductible insurance (with Jingyi Cao, Dongchen Li, and Virginia R. Young, 2024). ASTIN Bulletin, 54(3), 767-790. [Journal] [ResearchGate] [PDF]
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Optimal moral-hazard-free reinsurance under extended distortion premium principles (with Zhuo Jin and Zuo Quan Xu, 2024). SIAM Journal on Control and Optimization, 62(3), 1390-1416. [ResearchGate] [arXiv] [PDF]
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Optimal insurance to maximize exponential utility when premium is computed by a convex functional (with J. Cao, D. Li, and V.R. Young, 2024). SIAM Journal on Financial Mathematics, 15(1), SC15-27. [Journal] [RG] [SSRN] [arXiv]
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Linear classifier models for binary classification (with H. Jeong, 2025). Variance, 18 (May), 1-15. [Journal] [ResearchGate] This is funded by the Casualty Actuarial Society 2022 Individual Grant.
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Equilibrium reporting strategy: Two rate classes and full insurance (with J. Cao, D. Li, and V.R. Young, 2024). Journal of Risk and Insurance, 91(3), 721-752. [Journal] [ResearchGate] [PDF]
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Stackelberg reinsurance chain under model ambiguity (with Jingyi Cao, Dongchen Li, and Jenny Young, 2024). Scandinavian Actuarial Journal, 2024(4), 329-360. [Journal] [ResearchGate] [SSRN] [PDF]
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Reinsurance games with n variance-premium reinsurers: From tree to chain (with J. Cao, D. Li, and V.R. Young, 2023). ASTIN Bulletin, 53(3), 706-728. [Journal] [PDF] [ResearchGate]
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Reinsurance games with two reinsurers: Tree versus chain (with J. Cao, D. Li, and V.R. Young, 2023). European Journal of Operational Research, 310(2), 928-941. [Journal] [PDF] [SSRN]
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Stackelberg differential game for insurance under model ambiguity: General divergence (with J. Cao, D. Li, and V.R. Young, 2023). Scandinavian Actuarial Journal, 2023(7), 735-763. [Journal] [PDF] [SSRN]
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Hedging with automatic liquidation and leverage selection on bitcoin futures (with C. Alexander and J. Deng, 2023). European Journal of Operational Research, 306(1), 478-493. [Journal] (open access) [PDF] [SSRN] [arXiv] [ResearchGate]
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Stackelberg differential game for insurance under model ambiguity (with J. Cao, D. Li, and V.R. Young, 2022). Insurance: Mathematics and Economics, 106, 128-145. [Journal] [PDF] [RG]
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A dynamic credibility model with self-excitation and exponential decay (with H. Jeong, 2022). 2022 Winter Simulation Conference Proceedings, 3241-3250. [Journal] [PDF] [SSRN] [RG]
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Cone-constrained monotone mean-variance portfolio selection under diffusion models (with Y. Shen, 2022). SIAM Journal on Financial Mathematics, 13(4), SC99-112. [Journal] [PDF] [arXiv] [RG]
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Mean-variance portfolio selection in contagious markets (with Y. Shen, 2022). SIAM Journal on Financial Mathematics, 13(2), 391-425. [Journal] [PDF] [arXiv]
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A perturbation approach to optimal investment, liability ratio, and dividend strategies (with Z. Jin and Z.Q. Xu, 2022). Scandinavian Actuarial Journal, 2022(2), 165-188. [Journal] [PDF] [arXiv]
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Optimal fee structure of variable annuities (with Gu Wang, 2021). Insurance: Mathematics and Economics, 101, 587-601. [Journal] [PDF] [SSRN]
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Optimal bitcoin trading with inverse futures (with J. Deng, H. Pan, and S. Zhang, 2021). Annals of Operations Research, 304(1), 139-163. [Journal] [PDF]