The Gies College of Business Office of Risk Management and Insurance Research (ORMIR) at the University of Illinois announced that they are awarding Statistics Professor and Department Chair, Dr. Bo Li with a ORMIR faculty scholar appointment effective August 16, 2021. This appointment provides funding for research that will contribute to the understanding of risk management and help address the challenges of providing insurance and reinsurance for increasingly vulnerable populations. 

Dr. Li’s research will study the changepoint detection for temperature and precipitation extremes to understand climate dynamics and facilitate adaption measures that may be translated into useful practical methods for risk managers in business firms, insurance companies, government agencies, and regulatory bodies.