Projects per year
Personal profile
Research Interests
Enterprise Risk Management, Insurance Technology (Insurtech), Data Science
Research Statement
Dr Mark Farrell is a qualified Actuary (FIA) and Programme Director of the Actuarial Science MSc degree programme at The Management School, Queen's University Belfast.
After obtaining a first class degree at Loughborough University, Mark spent a number of years working in various actuarial roles in London, Toronto, Belfast, and Dublin.
Mark moved into academia in 2009 where he now teaches and researches in actuarial science related fields. He has a PhD in Finance, specialising in Enterprise Risk Management (ERM) and has additional research interests in Insurance Technology (Insurtech) and Data Science. Mark is also a Fulbright Scholar.
Achievements
Education
- Doctor of Philosophy (Finance), Queen’s University Belfast (2016)
- Fellow (FIA) of the Institute & Faculty of Actuaries
- Postgraduate Certificate in Higher Education Teaching (PGCHET), Queen’s University Belfast (2012)
- Certificate in Finance & Investment, Institute & Faculty of Actuaries (2005)
- 1st Class BSc Mathematics & Sport Science, Loughborough University (1999)
Experience
- Actuarial Consultant (Acumen Resources, 2007-2009)
- Actuary (Mercer, 2001-2007)
- Actuarial Trainee (HSBC, 2000-2001)
Teaching
Present
1. Actuarial Statistics (MSc Actuarial Science): 2022-Present
2. Actuarial Research Methods (MSc Actuarial Science): 2022-Present
3. Data Science Research (MSc Actuarial Science): 2022-Present
4. Enterprise Risk Management and Risk Analysis (MSc Risk Management): 2013-present
Past
1. Actuarial Methods & General Insurance (BSc Actuarial Science Module): 2009-2013
2. Principles of Actuarial Modelling: 2010
3. Actuarial Modelling (BSc Actuarial Science Module): 2010-2022
4. Actuarial Applications (BSc Actuarial Science Module): 2015-2018
5. Financial Risk Analysis (BSc Actuarial Science Module): 2017 - 2021
6. International MBA. Guest presenter on Enterprise Risk Management: 2013
Particulars
Actuarial Science Blog: https://proactuary.com/
LinkedIn Profile: https://www.linkedin.com/in/markfarrellactuary
Expertise related to UN Sustainable Development Goals
In 2015, UN member states agreed to 17 global Sustainable Development Goals (SDGs) to end poverty, protect the planet and ensure prosperity for all. This person’s work contributes towards the following SDG(s):
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Collaborations and top research areas from the last five years
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Projects
- 1 Active
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The Great Big Giveaway?
Farrell, M., 01 Jun 2023, The Actuary, p. 34-36 3 p.Research output: Contribution to specialist publication › Featured article
Open Access -
Insurtech: what is it and what does it mean for insurance?
Farrell, M., 24 Oct 2022, The Economics Observatory.Research output: Contribution to specialist publication › Article
Open Access -
Wearables
Farrell, M., 15 Sep 2022, The European Actuary, 31, p. 22-24 3 p.Research output: Contribution to specialist publication › Article
Open Access -
Preparing Actuarial Students for the Future World of Work (Society of Actuaries in Ireland March 2021 Newsletter)
Farrell, M., 31 Mar 2021, Society of Actuaries in Ireland Newsletter, March 2021.Research output: Contribution to specialist publication › Article
Open Access -
Examining the Effects of Gradual Catastrophes on Capital Modelling and the Solvency of Insurers: The Case of COVID-19
Tamturk, M., Cortis, D. & Farrell, M., 06 Dec 2020, In: Risks. 8, 4, 13 p., 132.Research output: Contribution to journal › Article › peer-review
Open AccessFile90 Downloads (Pure)
Prizes
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Institute and Faculty of Actuaries Geoffrey Heywood Prize for 2019
Farrell, Mark (Recipient), 07 Nov 2019
Prize: Prize (including medals and awards)
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Lloyd's of London Fulbright Scholarship to Arizona State University
Farrell, Mark (Recipient), 04 Jul 2017
Prize: Other distinction
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QUB Faculty Research Initiatives Fund Award
Farrell, Mark (Recipient), 15 Dec 2017
Prize: Prize (including medals and awards)
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Scor Actuarial Award for best paper (awarded to dissertation student: Michael McCrea)
Farrell, Mark (Recipient), 10 Nov 2018
Prize: Prize (including medals and awards)
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Society of Actuaries (US) Actuarial Innovation and Technology essay competition (First Place for my essay: “Wearables in Insurance: Where Do We Go From Here?”)
Farrell, Mark (Recipient), 01 Feb 2020
Prize: Prize (including medals and awards)
File
Activities
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Sullivan Upper School
Mark Farrell (Advisor)
10 Nov 2022Activity: Visiting an external institution types › Visiting a School
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External Examiner for Bayes Business School MSc Actuarial Management
Mark Farrell (Examiner)
30 Sep 2022 → 31 Oct 2022Activity: Examination types › PGT external examination
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Institute & Faculty of Actuaries Independent Examiner for Bayes Business School, Actuarial Management MSc
Mark Farrell (Examiner)
30 Sep 2022 → 31 Oct 2026Activity: Examination types › PGT external examination
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External Examiner for Dublin City University, Actuarial Mathematics BSc
Mark Farrell (Examiner)
20 Sep 2022 → 20 Sep 2026Activity: Examination types › UG external examination
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Institute & Faculty of Actuaries Independent Examiner for Dublin City University, Actuarial Maths BSc & Financial Mathematics BSc programmes.
Mark Farrell (Examiner)
20 Sep 2022 → 20 Sep 2026Activity: Examination types › UG external examination
Press/Media
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The power of health data in the actuarial profession (Podcast with Scor, Global Reinsurance)
30/09/2022
1 Media contribution
Press/Media: Other
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How is coronavirus affecting the insurance industry?
16/10/2020
1 Media contribution
Press/Media: Other
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Is the insurance Actuary an endangered species, or simply facing an evolutionary makeover?
13/12/2018
1 Media contribution
Press/Media: Other
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