Mary Hardy is a Professor of Statistics and Actuarial Science at the University of Waterloo.
She is a Fellow of the UK Institute of Actuaries, a Fellow of the Society of Actuaries, and a Chartered Enterprise Risk Analyst. She has a PhD in Actuarial Mathematics from Heriot-Watt University in Edinburgh, and a BSc in Pure Mathematics from the University of London.
Dr Hardy’s research covers applied risk management in life insurance and pensions. Her early work with Phelim Boyle on Segregated Funds/ Variable Annuities led to a better understanding of the underlying risks, and significantly enhanced capital requirements in the early 2000s. She has worked on the analysis of risk and risk management for hybrid pension designs, including DB underpin/Floor Offset and Cash Balance plans. She is currently working with Dr David Saunders and Mike Zhu on a National Pension Hub sponsored project, Designing Pension Plans for Fairness, Sustainability, and Transparency.
Dr Hardy has co-authored around 50 papers and two (and three-quarters) books on topics in actuarial risk management with applications in insurance and pensions. She is a past Editor-in-Chief of the North American Actuarial Journal and of the Annals of Actuarial Science. She has served as a Director and as a Vice President of the Society of Actuaries. In 2012, Dr Hardy was awarded the Finlaison Medal of the UK Institute and Faculty of Actuaries for services to the actuarial profession in the areas of governance, teaching, research, and the application of research to practice.