Imperial College London


Business School

Associate Professor of Actuarial Finance



+44 (0)20 7594 9767e.biffis




4.0453 Prince's GateSouth Kensington Campus





Enrico Biffis is Associate Professor of Actuarial Finance at Imperial College Business School, Associate Director for Development Finance at the Brevan Howard Centre for Financial Analysis and co-director of the Sustainable Tech Lab at Imperial-X. His areas of expertise are risk analysis and asset-liability management, with a focus on applications in the insurance and investment management sectors, as well as the design of predictive analytics and risk management tools for a variety of asset classes. Dr Biffis has collaborated extensively with leading financial institutions, regulators, governmental and non-governmental organizations, including the World Bank and the International Monetary Fund, and has been the recipient of grants and awards for his research on the modelling and hedging of non-standard risks. Prior academic experience includes work as tenured faculty at the Robinson College of Business at Georgia State University, as visiting at Nanyang Business School's IRFRC and Bocconi Milan, and as an editor of ASTIN Bulletin – The Journal of the International Actuarial Association. Dr Biffis is a fellow of the Pensions Institute in London and the Munich Risk and Insurance Centre. He was recently awarded the FT Responsible Business Education Research Award for his work on parametric insurance and financial inclusion, as well as the Institute and Faculty of Actuaries' Brian Hey Prize and the Casualty and Actuarial Society's Charles A. Hachemeister Prize for his work on reinsurance data standards.  Details on his current projects and writings can be found in the Research and Publications sections, SSRN, and Google Scholar. Regular updates can be found here.

Selected Publications

Journal Articles

Barucci E, Biffis E, Marazzina D, 2023, Health insurance, portfolio choice, and retirement incentives, European Journal of Operational Research, Vol:307, ISSN:0377-2217, Pages:910-921

Biffis E, Goldys B, Prosdocimi C, et al., 2023, A pricing formula for delayed claims: appreciating the past to value the future, Mathematics and Financial Economics, ISSN:1862-9660, Pages:1-28

Benedetti D, Biffis E, Chatzimichalakis F, et al., 2021, Climate change investment risk: optimal portfolio construction ahead of the transition to a lower-carbon economy, Annals of Operations Research, Vol:299, ISSN:0254-5330, Pages:847-871

Biffis E, Chavez E, Louaas A, et al., 2021, Parametric insurance and technology adoption in developing countries, Geneva Risk and Insurance Review, Vol:47, ISSN:1554-964X, Pages:7-44

Biffis E, Gozzi F, Prosdocimi C, 2020, Optimal portfolio choice with path dependent labor income: the infinite horizon case, SIAM Journal on Control and Optimization, Vol:58, ISSN:0363-0129, Pages:1906-1938

Eastwood J, Hapgood MA, Biffis E, et al., 2019, Quantifying the economic value of space weather forecasting for power grids: An exploratory study, Space Weather-the International Journal of Research and Applications, Vol:16, ISSN:1539-4956, Pages:2052-2067

Biffis E, Chavez E, 2017, Satellite data and machine learning for weather risk management and food security, Risk Analysis, Vol:37, ISSN:1539-6924, Pages:1508-1521

Eastwood J, Biffis E, Hapgood MA, et al., 2017, The economic impact of space weather: where do we stand?, Risk Analysis, Vol:37, ISSN:0272-4332, Pages:206-218

Biffis E, Lin Y, Milidonis A, 2017, The cross-section of Asia-Pacific mortality dynamics: Implications for longevity risk sharing, Journal of Risk and Insurance, Vol:84, ISSN:1539-6975, Pages:515-532

Biffis E, Blake D, Pitotti L, et al., 2016, The cost of counterparty risk and collateralization in longevity swaps, Journal of Risk and Insurance, Vol:83, ISSN:1539-6975, Pages:387-419

More Publications