Michal Páleš

Michal Páleš serves as Associate Professor and Head of the Department of Mathematics and Actuarial Science at the Faculty of Economic Informatics, University of Economics in Bratislava, where he teaches core courses including Probability Theory, Risk Theory in Insurance, and Actuarial Predictive Models using R/Python.

His academic credentials include:

• Bachelor's in Managerial Decision Making and Information Technology (2007)
• Engineer (Ing.) in Actuarial Science (2009)
• PhD in Quantitative Methods in Economics (2012)
• Docent (Associate Professor) qualification (2020)

Páleš's research centers on computational actuarial methods, with emphasis on Solvency II compliance frameworks. He develops advanced statistical models for insurance risk dependencies, agricultural systemic risk, and market volatility, consistently integrating programming tools like R and Python into practical risk management solutions. His work bridges theoretical mathematics with industry applications in non-life insurance and financial risk assessment.

Analysis of his recent publications reveals a methodological evolution toward machine learning integration in actuarial science, with increasing focus on copula-based dependency modeling (2024) and climate-related risk quantification. His publications consistently address real-world insurance challenges while advancing computational techniques for capital requirement calculations.

His scientific recognition encompasses:

• Seven institutional awards for textbook excellence (2015-2021)
• Rector's and Dean's Awards for diploma thesis (2009)
• Slovak Society of Actuaries Award for promoting actuarial careers (2022)

As principal investigator for VEGA projects including 1/0431/22 (2022-2024), Páleš leads research on innovative risk modeling approaches for insurance companies. He has supervised numerous theses and developed curricula that integrate programming skills into actuarial education, reflecting his commitment to modernizing the field.

Through his leadership of the Department of Mathematics and Actuarial Science and coordination of the Slovak Society of Actuaries' Promotion Working Group (2018-2022), Páleš actively shapes actuarial education standards while fostering industry-academia collaboration in Central Europe.