Engineer, technologist, and entrepreneur, Alex Chen is the founding CEO of ARTS and guided the company from inception and launch to growth and profitability from 2015 to 2019. Over the years, he has actively represented the company in the media and major international conferences as speaker, advisor and expert panelist.
Alex received his B.EngSc.(Civil) and M.Sc.(Tech Mgt) degrees from Nanyang Technological University (NTU) Singapore. He was named valedictorian of his graduating class and is the recipient of numerous accolades and awards, including the Lee Kuan Yew Gold Medal and the Institution of Engineers Singapore Gold Medal. He was awarded the Nanyang Outstanding Young Alumni Award by NTU in October 2019.
Alex is the current Chairman of the Board and works closely with the ARTS management team in driving the strategic direction and overall growth of the company.
Founder & Director
A pioneer in the fields of risk analysis, earthquake engineering, and probabilistic methods, Haresh Shah is the Obayashi
Professor of Engineering, Emeritus, at Stanford University, Founder and Senior Advisor of Risk Management
Solutions, and Emeritus Member of the Board of Trustees at Nanyang Technological University, Singapore.
Professor Shah has been the recipient of many honors throughout his career, including EERI's George
W. Housner and Alfred E. Alquist Special Recognition Medals for his extraordinary and lasting contributions
to earthquake safety worldwide, as well as International Insurance Society’s John S. Bickley Gold
Medal for his sustained and outstanding contributions to the insurance industry. Most recently in
2015, in recognition of his exceptional and outstanding contributions to the academic development
of Nanyang Technological University, Professor Shah was conferred an Honorary Doctor of Letters degree
awarded personally from the President of the Republic of Singapore, Tony Tan Keng Yam.
As an industry veteran with over 35 years of experience, Professor Shah considers risk protection
of the masses as one of the most unmet needs of our world today. Such needs underpin the motivations
for the formation of Asia Risk Transfer Solutions (ARTS). Professor Shah takes a personal interest
in overseeing the strategic development of inclusive risk protection for the masses with ARTS.
Nigel Kong oversees the business operations and strategies vital for the growth and success of the company. He is a founding member of ARTS in 2016 and served in several key technical roles, including the Vice President (Technology) of the company from 2018 to 2019. There, he played a key leadership role in the development of ARTS’ flagship solution CRES, and worked closely with various industry partners to a successful market launch.
Nigel received his M.Sc. (Technology Management) and B.EngSc. (Computer Science) degrees from Nanyang Technological University, Singapore.
Dr. Dong is the co-founder of Risk Management Solutions, Inc. and previously served as the Chief Technical Officer and Chief
Risk Officer of the company. He has over 40 years of industrial, teaching, and research experience
and has specialised in seismic hazard evaluation and risk assessment. His research interests include
seismic design of buildings, structural responsibility, and the application of neural networks, pattern
recognition, and artificial intelligence techniques to earthquake hazard mitigation and risk assessment.
He has worked extensively with the insurance and investment industries, structural engineering firms,
the State of California, and local and city government bodies, in the transfer of engineering technology.
He has also participated in many joint venture projects (US-China, US-Japan) to share knowledge in
hazard mitigation with other countries with similar concerns.
Dr Dong is affiliated with the Institute of Catastrophe Risk Management (ICRM) at the Nanyang Technological
University (NTU) in Singapore as adjunct professor, where he is actively involved with the design
and execution of the institute research programs. As part of this engagement Dr. Dong introduced
and has been teaching the first graduate level course on catastrophe Risk Modeling and Management
at NTU. Currently, Dr. Dong is assisting the director of ICRM in creating the curriculum and designing
the masters’ level program at ICRM for quantitative modeling and management of catastrophe risk in
coordination with other related programs at NTU. With ICRM faculties in 2013 Dr. Dong has had interactive
collaboration related to modeling of catastrophe flooding in the Pearl River delta in China, as well
as assisting the director of ICRM in the design and outreach for an executive course in catastrophe
risk management in China. Part of his engagement with ICRM involved advising and assisting ICRM faculties
on wrapping up two ICRM projects (Jakarta flood, and Singapore earthquake). In April 2013, together
with Dr. Stojanovski, he delivered another ICRM executive course on catastrophe risk management and
Dr Stojanovski is a founder of Cat Risk Research, LLC - a consulting advisory dedicated to bringing the expertise of catastrophe
risk modeling and management, product design, and cat research to the public and private sectors
dealing with cat risk, and protection of property and livelihoods. He is currently a professor (adjunct)
of the Institute of Catastrophe Risk Modeling (ICRM) in Nanyang Technological University (NTU), Singapore.
Dr Stojanovski also serves as a board member of the WSSI (World Seismic Safety Initiative), and
the Advisory Board of ICRM. He was also a founding Executive Director and CFO of Asia Risk Centre,
an affiliate of RMS - agriculture risk modeling and related solutions for risk management impacting
In Risk Management Solutions, Inc. (RMS), Dr Stojanovski served in leading positions in model development,
operations, and products for deployment of cat models and data (aggregate loss models Industry Exposure
Data, Industry Loss Curves, business interruption, casualty modeling, data quality quantification,
Prior to joining RMS, Dr Stojanovski was a visiting and consulting professor at the Blume Center
(Stanford University) and professor at the Skopje University, Macedonia.
Dr. Stojanovski’s expertise and experience span property cat models (Nat cats and man-made), emerging
risks, product platforms for model deployment, agricultural risk modeling and its challenges, product
design and risk quantification, - including sustainable insurance solutions for the protection of
the livelihoods of the poor. He has authored and co-authored a number of publications in these areas.