Emerging Risk Group

Professor Finbarr Murphy is Executive Dean Kemmy Business School, a computer engineering graduate, Finbarr worked for over 10 years in investment banking before returning to academia and completing his PhD in 2010. Finbarr has authored or co-authored over 70 refereed journal papers, edited books and book chapters. His research has been published in leading research journals in his discipline such as Nature Nanotechnology, Small, Transportation Research A-F and the Review of Derivatives Research. A former Fulbright Scholar and Erasmus Mundus Exchange Scholar, Finbarr has delivered numerous guest lectures in America, mainland Europe, Israel, Russia, China and Vietnam. His research interests include quantitative finance and more recently, emerging technological risk. Finbarr is currently engaged in several EU H2020 projects and Irish Science Foundation Ireland (SFI) projects.

Professor Martin Mullins is Senior Lecturer in Risk and Insurance in the Kemmy Business School, University of Limerick. He worked on a number of insurance-related research projects, including four EU Commission funded projects around emerging technologies and risk transfer. Two of these focused on nanotechnology, including http://www.sun-fp7.eu/ with the others on assisted driving systems, namely VIDAS and Cloud-LSVA funded under the MG3.6 and ICT 16 calls, respectively. Dr Mullins maintains strong links with the international insurance industry and works closely with Lloyd’s of London and XL Catlin on emerging risk. High impact outputs from this research include Mullins, M., et al. "The insurability of nanomaterial production risk." Nature nanotechnology 8.4 (2013): 222-224. His work also encompasses the area of Applied Ethics as it pertains to new technologies. In the field of Applied Ethics, Dr Mullins works closely with the insurance industry and lectures on cultural and technological breakthroughs of high societal relevance. In that respect, Dr Martin Mullins has been appointed to a European expert group to advise EIOPA on the development of digital responsibility principles in insurance. 

Dr Barry Sheehan is a lecturer in risk and finance in the Kemmy Business School at the University of Limerick. He holds the course directorship role for a cluster of award-winning inter-disciplinary programmes, including the MSc in Machine Learning for Finance, the MSc. in Computational Finance, and the HCI awarded Grad. Dip. in Artificial Intelligence in Finance. In his research, Dr. Sheehan investigates novel risk metrication and machine learning methodologies in the context of insurance and finance, attentive to a changing private and public emerging risk environment. He is a researcher with significant insurance industry and academic experience. With a professional background in actuarial science, his research uses machine-learning techniques to estimate the changing risk profile produced by emerging technologies. He is a senior member of Emerging Risk Group (ERG) at the University of Limerick which has long-established expertise in insurance and risk management and has a continued success within large research consortia including a number of SFI, FP7, and EU H2020 research projects. In particular, he contributed to the successful completion of three Horizon 2020 EU funded projects including PROTECT, Vision Inspired Driver Assistance Systems (VI-DAS) and Cloud Large Scale Video Analysis (Cloud-LSVA). These consortia are predominately driven by technical objectives and our role is one of assessing the legal, ethical, and actuarial impact of the state-of-the-art innovations.

Dr Darren Shannon  is a Lecturer in Quantitative Finance in the Department of Accounting and Finance, University of Limerick, and a researcher in the Emerging Risk Group (ERG). Prior to receiving his PhD in Applied Statistics, he completed an MSc. in Computational Finance, and a BSc. in Mathematics. He has contributed heavily to two EU H2020 research projects (VIDAS and Cloud-LSVA) that identified and addressed emerging risks associated with conventional and highly-automated vehicles. Darren continues to be engaged with the research community on facilitating the timely integration of advanced-tech vehicles onto public roads. His research focus is split between developing high-impact outputs for emergent topics in finance (green finance, application of ML/DL models), and for transportation safety and risk pricing (econometrics of road collisions, the insurability of connected and autonomous vehicles).

Dr Irini Furxhi is a Ph.D. scholar with a Msc in Toxicology at the University of Limerick at Kemmy’s Business School. Her main research is a Quantitative Machine Learning approach for Risk Assessment of nanomaterials. She is involved in the PROTECT Project (Pre-commercial lines for production of surface nanostructured antimicrobial and anti-biofilm textiles, medical devices and water treatment membranes, http://protect-h2020.eu/) where existing Risk Assessment frameworks and Machine Learning Techniques will be used to best represent the human and environmental risk to business decision makers.

Tim Jannusch is a PhD student at the Kemmy Business School, University of Limerick, as part of the Emerging Risk Group (ERG). In collaboration with the Institute for Insurance Studies (ivwKöln), TH Köln where Tim is Research Assistant at the Research Center for the Insurance Market, he is researching in the field of telematics.  His research focus is centred on the issue of data privacy and surveillance in telematics use. In doing so, he differentiates between the insurance market in Ireland and Germany. Due to the dedication of the University of Applied Sciences Cologne to the InsurLab Germany e.V. Tim is directly involved in the German and International InsurTech scene.

Dr Arash Negahdari Kia is a postdoc Marie Cuire scholar and research fellow at the Kemmy Business School (KBS), University of Limerick, a member of Lero Software Research Center and Emerging Risk Group (ERG). He is researching on the cybersecurity risks of autonomous vehicles using machine learning algorithms in a team supervised by Dr Finbarr Murphy at KBS, UL. In his PhD. He developed two graph-based semi-supervised algorithms for multivariate time series for global stock market indices prediction. In his Master’s, he developed neural network models for Forex market prediction. Arash’s other research interests include text mining, graph mining, and bioinformatics. 

Leandro Masello is a data scientist at Motion-S, and a PhD student at the Kemmy Business School (KBS), University of Limerick, as part of the Emerging Risk Group (ERG). His industrial research project, supported by the National Research Fund of Luxembourg and entitled RADICAL, centres on risk assessment and data-driven pricing models for connected and automated vehicles. Leandro has a background in computer engineering, with an MSc thesis in objective driver risk profiling using road safety statistics for insurance telematics applications. His current research interests include connected and automated vehicles, machine learning, risk assessment, and car insurance pricing.

Mahsa Mirzaei is a PhD student, working under Dr. Finbarr Murphy and Dr. Martin Mullins at the Kemmy Business School, University of Limerick. Mahsa's current research focuses is on the Toxicologic Risk Assessment of Nanoparticles by implementing Machine Learning methods to predict human health and ecotoxicological hazard as part of the Emerging Risks Group. Her previous research studies focused on different techniques of toxicity assessment based on her educational background in pharmacy. She is currently involved in the H2020 funded project. Mahsa’s other research interests include drug discovery and Machine Learning, antioxidant properties of medicinal plants and their influence on human health, and adult neurogenesis.

Juliane Ressel is a PhD student at the Kemmy Business School, University of Limerick, as part of the Emerging Risk Group (ERG). She is researching in cooperation with the Institute for Insurance Studies (ivwKöln), TH Köln, where she is working as a research assistant at the Research Center for the Insurance Market. She has been awarded a three-year sponsorship funded by the Mathilde-von-Mevissen program at TH Köln. Juliane has professional experience in risk management and insurance gained through a position at a registered Lloyd’s broker in London. Her research focus is centred on an interdisciplinary examination and critical analysis of the use of Artificial Intelligence (AI) and Big Data Analytics (BDA) by the insurance industry. The principal aim of this research is to create a bespoke governance framework to ensure consumer protection.

Frank Cremer is a PhD student at the Kemmy Business School, University of Limerick, as part of the Emerging Risk Group (ERG). He is researching in joint cooperation with the Institute for Insurance Studies (ivwKöln), TH Köln, where he is working as a research assistant at the Cologne Research Centre for Reinsurance. His current research interests include cyber risks, cyber insurance and digital ecosystems. In this context, he examines the countries of Ireland and Germany. Frank is a Fellow of the Chartered Insurance Institute (FCII) and a member of the German Association for Insurance Studies (DVfVW).

Kevin McDonnell is a PhD student working under Prof. Finbarr Murphy and Dr. Barry Sheehan at the Kemmy Business School (KBS), University of Limerick and is a member of the Emerging Risk Group (ERG). His research focuses on driver behaviour modelling and risk analysis using telematic data. Kevin also has a research interest in Machine learning and Artificial Intelligence. Kevin’s research is co-funded by Greenval insurance and Lero, awarding him a three-year scholarship. His background is in financial fraud, Big Data analytics and software engineering.

Emer Owens is a risk management and insurance researcher at the Kemmy Business School, University of Limerick. Her research centres on explainable, interpretable and trustworthy applications of artificial intelligence in the insurance domain as part of the Emerging Risk Group. She is responsible for the delivery of key project deliverables within European Commission and (re)insurance industrial-funded projects. She is also a member of the Department of Accounting and Finance faculty, tasked with finance and risk module leadership at a postgraduate and undergraduate level. 

Aisling Owen is currently a PhD student working under Dr. Barry Sheehan and Dr. Martin Mullins at the Kemmy Business School, University of Limerick. Her research centres on the governance of generative artificial intelligence within the insurance industry. Prior to commencing her PhD studies, Aisling's professional experience involved Risk Consulting for PwC Middle East and Captive Insurance and Risk Management Solutions for Aon Dublin. Aisling holds an MSc in Risk Management and Insurance from the University of Limerick and is a Certified Insurance Practitioner. 

Niall O’Donnell is a Risk Analyst at Susquehanna International Group (SIG) and a PhD student with the Emerging Risk Group (ERG) at the Kemmy Business School, University of Limerick. Prior to embarking on his PhD research, he completed an MSc. In Computational Finance, and a Bachelor of Business Studies with a focus on Economics and Financial Services. Supervised by Dr. Darren Shannon and Dr. Barry Sheehan, his research lies in the field of financial markets and economics, with quantitative assessments on the impact of the COVID-19 pandemic on financial markets. In this context, he examines the impact of pandemic-related growth and recovery metrics, monetary policies, and the subsequent overarching impact on different industries from a stock market perspective. At its core, his research seeks to identify the tangible insights that can subsequently inform preparations for future adversarial events, advising investors,  governments, regulators, and all relevant economic stakeholders

Eamon Leonard is a PhD student at the Kemmy Business School, University of Limerick, working under Dr. Barry Sheehan and Dr. Darren Shannon. His current research focuses on Leveraging Generative AI to Enhance the Risk Management Cycle to better aid and inform SMEs' decision-making practices in Ireland and abroad.  Before completing his MSc in Machine Learning for Finance, his studies included an MSc in Data Analytics and a Diploma in Taxation.  Eamon has a background in Corporate Finance, with diverse and extensive experience in various sectors and roles, including corporate banking, equity research, financial modelling and tax structuring.  As part of the Emerging Risk Group, the research will focus on closing the technology adoption/ availability gap, particularly addressing the significant barriers that prevent SMEs and underdeveloped countries with limited resources and infrastructure from embracing innovative technologies.