The Australian Prudential Regulation Authority (APRA) has announced the winners of its Brian Gray Scholarship for financial services students.

They are Alan Liang Xian, who is studying a commerce degree majoring in actuarial studies and a statistics science degree at University of NSW; Gabriela Araujo, studying a combined commerce and economics degree at University of Queensland; and Natalie Xiaowen Peng, studying for an accounting PhD at University of Queensland.

They will each receive $15,000 to research a set topic and present findings to APRA.

Mr Xian is researching individual claims liability analysis in general insurance.

The scholarship is named after APRA’s former EGM policy research and consulting.