Insurance and Risk Management

  • Introduction
  • Research
  • Academic Programs
  • Contact Information

  • Introduction
    Wharton's Insurance and Risk Management Department, the first of its kind in the world, approaches its field from a number of different perspectives: as a market, as a risk management technique, as a business, and as an instrument of public policy. Wharton faculty examine insurance against a background of accelerating change in the legal, regulatory, organizational, and economic environment in which businesses operate. Other risk management tools are evaluated from a financial management viewpoint.

    The Insurance and Risk Management Department also focuses on actuarial science, which includes actuarial mathematics, statistics, computer technology, and operations research, as well as insurance and other business disciplines.


    Research
    Research by the Insurance and Risk Management Department has led to many regulatory reforms, influenced public policy, and been incorporated into business school curricula worldwide. Recent faculty research includes:

    • Corporate risk management
    • Employee benefits, including pensions, health care, and international benefits
    • Insurance company management and performance
    • Insurance consumer behavior
    • Regulation of insurance companies and markets
    • Design and operation of government insurance programs
    Two research centers are closely associated with the Insurance and Risk Management Department: Other research centers with which department faculty are affiliated are:


    Academic Programs
    The Insurance and Risk Management Department offers concentrations in insurance and risk management and in actuarial science at three levels:

    Students not only receive valuable knowledge in the classroom but also gain vital practical experience through hands-on research projects carried out in various institutional settings. The department also operates the Certified Employee Benefit Specialist (CEBS) Program, a professional designation program co-sponsored by the International Foundation of Employee Benefit Plans.


    Contact
    For further information about the Wharton Insurance and Risk Management Department, please contact:

    Insurance and Risk Management Department (website)
    The Wharton School
    University of Pennsylvania
    3000 Steinberg Hall-Dietrich Hall
    3620 Locust Walk
    Philadelphia, PA 19104-6302
    215.898.7761 phone
    215.898.0310 fax

    Faculty

    Chairperson
    Mitchell, Olivia S.

    Professors
    Doherty, Neil A.
    Lemaire, Jean
    Mitchell, Olivia S.

    Associate Professor
    Smetters, Kent

    Assistant Professors
    Kartasheva, Anastasia
    Nini, Gregory

    Faculty With Secondary Appointments in the Department
    Danzon, Patricia M. (Health Care Systems)
    Harrington, Scott (Health Care Systems)
    Kunreuther, Howard (Operations and Information Management)
    Pauly, Mark V. (Health Care Systems)

    Affiliated Faculty
    Cather, David A.
    Hallman, G. Victor

    Emeritus Faculty
    Babbel, David F.
    Cummins, J. David
    McGill, Dan M.
    Rosenbloom, Jerry S.