Georges Dionne
Encyclopedia
Georges Dionne is a full Professor of Finance and holds the Canada Research Chair in Risk Management at HEC Montréal
, Canada. He is a Visiting Scholar in the Department of Risk Management and Insurance of The Georgia State University
and in the Economic Department at Ecole Polytechnique
, France.
Dionne awards include the Kulp-Wright award (2002) for his book Handbook of Insurance, Pierre-Laurin research prize from HEC Montréal (2003), the PRMIA award (2006), the Bank of Canada NFA Conference award (2006), an Honorary Ph.D
. degree conferred by the University of Orléans
(2006), the GARP award at the Financial Management Association European Conference (2008), an Honor alumni, Faculty of Arts and Science of Université de Montréal
(2008), and has been one of the 30 researchers chosen by SSHRC for celebrating 30 years of cultivating excellence in Canadian social sciences and humanities research (2008).
Dionne has published extensively including editing five books on insurance and more than 130 articles in academic journals. He is the Editor of The Journal of Risk and Insurance, USA, and member of the scientific committee for six journals including the Journal of Risk and Uncertainty, USA, and the Geneva Risk and Insurance Review, Switzerland, in which he was also fifth of the top referred authors.
Dionne was responsible for 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 are important with respect to the new Basel II international regulation of banks. The two advance models permit to save capital by taking care of the banks portfolio diversification strategies.
His research activity is also related to 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, Dionne has collaborated on many projects on the detection of insurance fraud
in claims. In collaboration with the Insurance Bureau of Canada, he has 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 has developed an internal model for fraud detection for a large European insurer. This model was able to reduce up to 40% of the insurance fraud cost.
Significant Contributions
HEC Montréal
HEC Montréal , is the independent affiliated business school of the Université de Montréal, and the oldest management School in Canada. It holds accreditations from AACSB, EQUIS and AMBA, one of three schools in North America to hold triple accreditation in management education...
, Canada. He is a Visiting Scholar in the Department of Risk Management and Insurance of The Georgia State University
Georgia State University
Georgia State University is a research university in downtown Atlanta, Georgia, USA. Founded in 1913, it serves about 30,000 students and is one of the University System of Georgia's four research universities...
and in the Economic Department at Ecole Polytechnique
École Polytechnique
The École Polytechnique is a state-run institution of higher education and research in Palaiseau, Essonne, France, near Paris. Polytechnique is renowned for its four year undergraduate/graduate Master's program...
, France.
Dionne awards include the Kulp-Wright award (2002) for his book Handbook of Insurance, Pierre-Laurin research prize from HEC Montréal (2003), the PRMIA award (2006), the Bank of Canada NFA Conference award (2006), an Honorary Ph.D
Honorary degree
An honorary degree or a degree honoris causa is an academic degree for which a university has waived the usual requirements, such as matriculation, residence, study, and the passing of examinations...
. degree conferred by the University of Orléans
University of Orléans
-History:In 1230, when for a time the doctors of the University of Paris were scattered, a number of the teachers and disciples took refuge in Orléans; when pope Boniface VIII, in 1298, promulgated the sixth book of the Decretals, he appointed the doctors of Bologna and the doctors of Orléans to...
(2006), the GARP award at the Financial Management Association European Conference (2008), an Honor alumni, Faculty of Arts and Science of Université de Montréal
Université de Montréal
The Université de Montréal is a public francophone research university in Montreal, Quebec, Canada. It comprises thirteen faculties, more than sixty departments and two affiliated schools: the École Polytechnique and HEC Montréal...
(2008), and has been one of the 30 researchers chosen by SSHRC for celebrating 30 years of cultivating excellence in Canadian social sciences and humanities research (2008).
Dionne has published extensively including editing five books on insurance and more than 130 articles in academic journals. He is the Editor of The Journal of Risk and Insurance, USA, and member of the scientific committee for six journals including the Journal of Risk and Uncertainty, USA, and the Geneva Risk and Insurance Review, Switzerland, in which he was also fifth of the top referred authors.
Dionne was responsible for 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 are important with respect to the new Basel II international regulation of banks. The two advance models permit to save capital by taking care of the banks portfolio diversification strategies.
His research activity is also related to road safety. One of his main achievements was to propose (with Marcel Boyer
Marcel Boyer
Marcel Boyer is the Bell Canada Professor of industrial economics at the Université de Montréal, CIRANO research Fellow and also vice-president and chief economist at the Montreal Economic Institute. He holds a Ph.D...
) 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
Société de l'assurance automobile du Québec
The Société de l'assurance automobile du Québec or SAAQ , is a Quebec crown corporation responsible for licensing drivers and vehicles in the province and providing public auto insurance which insures all drivers, passengers, pedestrians, bicyclists and motorcyclists involved in road collisions...
in 1992 and is still used in Quebec.
In the insurance sector, Dionne has collaborated on many projects on the detection of insurance fraud
False insurance claims
Insurance fraud or false insurance claims are insurance claims filed with the intent to defraud an insurance provider.-Health insurance fraud:...
in claims. In collaboration with the Insurance Bureau of Canada, he has 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 has developed an internal model for fraud detection for a large European insurer. This model was able to reduce up to 40% of the insurance fraud cost.
Significant Contributions
- Dionne, G., Michaud, P.C., Dahchour, M., "Separating Moral Hazard from Adverse Selection and Learning in Automobile Insurance: Longitudinal Evidence from France", Journal of the European Economic Association (forthcoming).
- Dionne, G., Pinquet, J., Maurice, M., Vanasse, C. "Incentive Mechanisms for Safe Driving: A Comparative Analysis with Dynamic Data", The Review of Economics and Statistics 93, 1, 218-227, février 2011.
- Dionne, G., St-Amour, P., Vencatachellum, D., "Asymmetric Information and Adverse Selection in Mauritian Slave Auctions", Review of Economic Studies 76, 1269-1295, octobre 2009.
- Dionne, G., Giuliano, F., Picard, P., "Optimal Auditing with Scoring: Theory and Application to Insurance Fraud", Management Science 55, 58-70, janvier 2009.
- Dionne, G., Spaeter, S., "Environmental Risk and Extended Liability: The Case of Green Technologies", Journal of Public Economics 87, 5-6, 1025-1060, 2003.
- Dionne, G., Gagné, R., "Deductible Contracts Against Fraudulent Claims: Evidence from Automobile Insurance", Review of Economics and Statistics 83, 2, 290-301, mai 2001.
- Dionne, G., Gouriéroux, C., Vanasse, C., "Testing for Evidence of Adverse Selection in the Automobile Insurance Market: A Comment", Journal of Political Economy 109, 2, 444-453, avril 2001.
- Dionne, G., Doherty, N., "Adverse Selection, Commitment and Renegotiation: Extension to and Evidence from Insurance Markets", Journal of Political Economy 102, 2, 209-235, 1994.
- Dionne, G., St-Michel, P., "Workers' Compensation and Moral Hazard", Review of Economics and Statistics LXXXIII, 2, 236-244, mai 1991.
- Boyer, M., Dionne, G., "An Empirical Analysis of Moral Hazard and Experience Rating", Review of Economics and Statistics LXXXI, 1, 128-134, février 1989.
- Dionne, G., Lasserre, P., "Adverse Selection, Repeated Insurance Contracts and Announcement Strategy", Review of Economic Studies 70, 4, 719-724, novembre 1985.