New valuation and parallel simulation methods for finance and insurance

许多澳大利亚人都有退休金储蓄，并持有人寿保险合同。因此，这些投资的价格和风险对澳大利亚的福利尤为重要。拟议中的研究将证明，许多长期保险和退休金产品所需的资金远低于目前建议的水平，从而改善澳大利亚人的财务安全。该项目将为提高养老基金、保险公司和银行的绩效提供开创性的前沿技术，使这些澳大利亚机构具有竞争优势。另一个结果将是澳大利亚IT行业的全球增长，开发相关软件和定制硬件。

Many Australians have superannuation savings and hold life insurance contracts. Hence, the price and risk of these investments is of particular importance to the welfare of Australia. The proposed research will improve the financial security of Australians by demonstrating that many long term insurance and superannuation products require far less capital than currently suggested. This project will provide path breaking frontier technology for enhancing the performance of superannuation funds, insurance companies and banks, giving these Australian institutions a competitive advantage. An additional outcome will be global growth for sectors of Australia's IT industry, developing related software and tailored hardware.