Georges DionneM. Georges Dionne

Significant contributions
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RePEc page
Risk Management page
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Short curriculum vitae (pdf version)
Curriculum vitae (pdf version)

Biography

Georges Dionne is a full professor of Finance who holds the Canada Research Chair in Risk Management at HEC Montréal. He has been a visiting scholar in the Department of Risk Management and Insurance at Georgia State University and in the Economics Department at Ecole Polytechnique in France for many years.

Georges Dionne won the Kulp-Wright Book Award (2002) for his book Handbook of Insurance, the Pierre Laurin Award for research from HEC Montréal (1998, 2003, 2009), the PRMIA award (2006), the Bank of Canada NFA Conference Award (2006), an Honorary PhD conferred by the University of Orléans (2006), and the GARP Award at the Financial Management Association European Conference (2008). He is an Honor Alumnus of the Faculty of Arts and Science of the Université de Montréal (2008), and was one of 30 researchers chosen as part of the SSHRC’s celebration of 30 years of cultivating excellence in Canadian social sciences and humanities research (2008). More recently, he received the Innis-Gérin Medal (2011) for his original contribution to the social sciences literature and the Jean Guertin Award (2011), HEC Montréal’s top prize for teaching excellence, for the support provided to his graduate students and for having developed a new field of teaching and expertise at HEC Montréal: risk management. He won the Marcel Dagenais Award in 2012.

Georges Dionne has published extensively: he has edited six books on insurance and published more than 175 articles in academic journals. He was the Editor of The Journal of Risk and Insurance, and is a member of the scientific committee of nine journals including the Journal of Risk and Uncertainty, (USA) and the Geneva Risk and Insurance Review (Switzerland), which named him the fifth most cited author.

Georges Dionne led the team that developed the model for computing the Credit VaR model of a Canadian bank in 2001 and the model for computing the Operational Risk VaR of another bank in 2006. These two activities have important implications for the Basel international banking regulations. The two advanced models of risk management allow banks to save capital by applying portfolio diversification strategies.

His research interests also include road safety. One of his main achievements was to propose (with Marcel Boyer) a new model for automobile insurance pricing based on drivers’ demerit points. This model was implemented by the Société de l’assurance automobile du Québec in 1992 and is still used in Quebec.

In the insurance sector, Georges Dionne collaborated on many projects concerning the detection of insurance fraud in claims. In collaboration with the Insurance Bureau of Canada, he conducted a comprehensive study to evaluate the significance of insurance fraud in insurers’ files in Quebec. More recently, with Pierre Picard and Florence Giuliano, he developed an internal model for fraud detection for a large European insurer. This model was able to reduce insurance fraud costs by up to 40%. With his coauthors Pierre-Carl Michaud and Maki Dahchour, he is among the first researchers to empirically separate moral hazard from adverse selection and drivers’ learning using data on insurance contracts. 

Occupations

Full professor of Finance

Holder of the Canada Research Chair in Risk Management

Member of the board and President of the Risk Committee, SCOR Canada

International research advisor at National Chengchi University, Taiwan

Associate researcher: Interuniversity Research Center on Enterprise Networks, Logistics, and Transportation (CIRRELT)

Recent awards

Pierre-Laurin research award (2016)
John S. Bickley Founder’s Award of the International Insurance Society
(2016)
Best publication of ESG UQAM award to X. Zhou (2016)
Kulp-Wright Award for the Second edition of the Handbook of Insurance (2015)
Best Paper Award from the Geneva Risk and Insurance Review (2015)
Article selected for inclusion in the collection of 10 articles in the Geneva Risk and Insurance Review to mark its 40th anniversary (2015)

Marcel Dagenais Award (2012), Jean Guertin Award (2011), Innis-Gérin Medal from the Royal Society of Canada (2011), Pierre Laurin Award (2009), Honor Alumnus, Faculty of Arts and Science, University of Montreal (2008), EFMA-GARP Award (2008), Honorary Ph.D. conferred by the Université d’Orléans (2006), NFA Conference Award (2006), PRMIA Award (2006), Pierre Laurin Award (2003), Kulp-Wright Book Award (2002), Gérard Parizeau Award (2002), François-Albert Angers Award (2001), Risques-Les Échos Special Award (2001), Member of The Royal Society of Canada (2000), Marcel Vincent Award (1999), Pierre Laurin Award (1998).

International activities

Member of the international scientific council, Institut Louis Bachelier.

Member of the Scientific Board, SCOR Corporate Foundation for Science.

Member of the scientific committee for those journals: Asia Pacific Journal of Risk and Insurance, Singapore Economics Research International, USA Geneva Papers on Risk and Insurance: Issues and Practice, Switzerland Geneva Risk and Insurance Review, Switzerland Insurance and Risk Management, Canada Journal of Risk and Uncertainty, USA L’Actualité économique, Canada Risques, France.

Contact information

Room 4.454b
Phone: 514-340-6596
Fax: 514-340-5019
georges.dionne@hec.ca