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Olivier Le Courtois, Professor



Olivier Le Courtois is a Professor at emlyon business school.


  1. Habilitation
  2. Ph.D. in Management Science (2003)
  3. Master in Financial and Actuarial Studies
  4. Agrégation de sciences physiques
  5. Alumnus of Ecole Normale Supérieure de Lyon

    Designations: Fellow of the Society of Actuaries (FSA), CFA, CERA, FRM 

    Website: www.olivierlecourtois.com


  1. Harold Skipper best paper award at the conference of the Asia-Pacific Risk and Insurance Association (Seoul, 2019) for « Optimal Insurance Under Third Degree Risk »
  2. Kulp-Wright award granted by the American Risk and Insurance Association (Boston, 2016) for the book « Extreme Financial Risks and Asset Allocation  »
  3. Best paper award at the AFIR/ERM conference (Sydney, 2015) for « Inside the Solvency 2 Black Box: NAVs and SCRs under an LSMC approach »
  4. Best paper award at the international congress of actuaries (Cap Town, 2010) for « A Study on VaR and Lévy Processes »
  5. Best paper award in the North American Actuarial Journal in 2006 
  6. Best paper award in dérivatives at the Eastern Finance Association conference (New Orleans, 2007) for « Pricing Derivatives with Barriers in a Stochastic Interest Rate Environment »
  7. Best paper award in revue Finance in 2005
  8. SCOR PhD award (2004)


  1. Stock Price Modeling
  2. Derivatives Pricing
  3. Capital Structure of the Firm
  4. Portfolio and Risk Management
  5. Fair valuation of Life Insurance Contracts
  6. Bank Deposit Guarantees


   Spoken languages : French, English, Spanish, Japanese

Courses taughtTop

  1.  Derivatives Pricing
  2.  Introduction to the Risk Management of Financial Institutions 
  3.  Model Implementation