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Ph.D. Areas of Study The Wisconsin Ph.D. Program offered by the Department of Risk and Insurance focuses on our core areas of research in actuarial science, analytics, risk management, insurance, and decision-making under risk and uncertainty. Program Structure Full funding typically available Core courses include microeconomics, econometrics sequence, panel data analysis, and seminar courses Additional coursework customized to individual background and research interests Preliminary examination following completion of coursework, typically after two years Access to applied, data-driven research Ph.D. earned following a completed dissertation, typically in fifth year Academic Requirements BA in business, actuarial science, economics, statistics, or related field Strong math background: coursework in multivariate calculus, linear algebra strongly encouraged Research and/or work experience in area of interest within actuarial science, risk management, or insurance valued

Learn More go.wisc.edu/phd-ri

A Passionate Community for Inspired Learning The Risk and Insurance Department aims for depth, breadth, and innovation through academic and extracurricular activities. These activities reach more than 500 students annually. Academic Programs BBA in Actuarial Science BBA in Risk Management & Insurance Capstone Certificate in Actuarial Science MBA in Risk Management & Insurance MS in Business Analytics PhD in Actuarial Science, Risk Management & Insurance Extracurricular Activities Actuarial Club Risk Management & Insurance Society Co-Curricular Learning Board Innovations and Achievements Technology-enhanced learning experience for global access to actuarial curriculum Society of Actuaries Center of Actuarial Excellence Inspired Learning Chair appointments Global Center of Insurance Excellence 975 University Avenue Madison, WI 53706 (608) 262-8714 risk.insurance@wsb.wisc.edu go.wisc.edu/risk-insurance

Ph.D. in Actuarial Science, Risk Management, and Insurance Contribute to innovative research with world-renowned faculty


Ph.D. Areas of Study The Wisconsin Ph.D. Program offered by the Department of Risk and Insurance focuses on our core areas of research in actuarial science, analytics, risk management, insurance, and decision-making under risk and uncertainty. Program Structure Full funding typically available Core courses include microeconomics, econometrics sequence, panel data analysis, and seminar courses Additional coursework customized to individual background and research interests Preliminary examination following completion of coursework, typically after two years Access to applied, data-driven research Ph.D. earned following a completed dissertation, typically in fifth year Academic Requirements BA in business, actuarial science, economics, statistics, or related field Strong math background: coursework in multivariate calculus, linear algebra strongly encouraged Research and/or work experience in area of interest within actuarial science, risk management, or insurance valued

Learn More go.wisc.edu/phd-ri

A Passionate Community for Inspired Learning The Risk and Insurance Department aims for depth, breadth, and innovation through academic and extracurricular activities. These activities reach more than 500 students annually. Academic Programs BBA in Actuarial Science BBA in Risk Management & Insurance Capstone Certificate in Actuarial Science MBA in Risk Management & Insurance MS in Business Analytics PhD in Actuarial Science, Risk Management & Insurance Extracurricular Activities Actuarial Club Risk Management & Insurance Society Co-Curricular Learning Board Innovations and Achievements Technology-enhanced learning experience for global access to actuarial curriculum Society of Actuaries Center of Actuarial Excellence Inspired Learning Chair appointments Global Center of Insurance Excellence 975 University Avenue Madison, WI 53706 (608) 262-8714 risk.insurance@wsb.wisc.edu go.wisc.edu/risk-insurance

Ph.D. in Actuarial Science, Risk Management, and Insurance Contribute to innovative research with world-renowned faculty


Research Highlights

World-Renowned Faculty

The University of Wisconsin-Madison is one of the world’s great research and teaching institutions, with the Risk and Insurance Department faculty being strong contributors to this reputation.

Excellence in research defines what and how we teach, enriches our exchange with industry and policy leaders, and opens unique partnership opportunities among our community.

Specific areas of expertise include: Predictive modeling, healthcare analytics, insurance regulation, behavioral economics, financial management of insurance, corporate risk management, financial management of insurance organizations, and statistical methods development. Select publications in top-tier Journals: Dynamic capital allocation with irreversible investments. Daniel Bauer, Shinichi Kamiya, Xiaohu Ping, George Zanjani. Insurance: Mathematics and Economics. (Vol 85, March 2019) Do Elections Delay Regulatory Action? J. Tyler Leverty and Martin F. Grace. Journal of Financial Economics. (Vol 130 Issue 2) Building Financial and Health Literacy at Older Ages: The Role of Online Information. Hessam Bavafa, Junhao Liu, Anita Mukherjee. The Journal of Consumer Affairs. (17 January 2019) Determinants of Persistent High-Utilizers in US Adults Using Nationally Representative Data. Kyeonghee Kim, Margie Rosenberg. North American Actuarial Journal. (2019) Pair Copula Constructions for Insurance Experience Rating. Peng Shi, Lu Yang. Journal of American Statistical Association. (2018) The Structure of Health Incentives: Evidence from a Field Experiment. Mariana Carrera, Heather Royer, Mark Stehr, Justin Sydnor. Management Science. (Forthcoming)

Daniel Bauer Associate Professor Hickman/Larson Chair in Actuarial Science Research focus: Interface of actuarial science, quantitative finance, and insurance economics

J. Tyler Leverty Associate Professor Gerald D. Stephens CPCU Chair in Risk Management and Insurance Research focus: Economics of insurance markets, insurance company operations, insurance regulation, public policy issues in insurance

Anita Mukherjee Assistant Professor Michael E. Lehman Distinguished Chair for Inspired Learning in Business Research focus: Insurance markets, law and economics, development economics, psychology and economics

Marjorie Rosenberg Professor Assurant Health Professor in Actuarial Science Research focus: Applications of statistical modeling with regards to health, health care and health policy

Peng Shi ACAS, FSA Associate Professor Charles & Laura Albright Professor in Business and Finance Research focus: Actuarial science, panel and longitudinal data, predictive modeling of insurance operations, dependence models

Justin Sydnor Associate Professor Leslie P. Schultz Professor in Risk Management and Insurance Research focus: Psychology and economics, applied microeconomics, decision-making under risk, insurance markets, behavioral industrial organization

Joan Schmit Professor, Department Chair American Family Insurance Distinguished Chair of Risk Management and Insurance Research focus: Development of insurance in emerging markets, insurance regulation, reputation risk, economics of litigation strategies


Research Highlights

World-Renowned Faculty

The University of Wisconsin-Madison is one of the world’s great research and teaching institutions, with the Risk and Insurance Department faculty being strong contributors to this reputation.

Excellence in research defines what and how we teach, enriches our exchange with industry and policy leaders, and opens unique partnership opportunities among our community.

Specific areas of expertise include: Predictive modeling, healthcare analytics, insurance regulation, behavioral economics, financial management of insurance, corporate risk management, financial management of insurance organizations, and statistical methods development. Select publications in top-tier Journals: Dynamic capital allocation with irreversible investments. Daniel Bauer, Shinichi Kamiya, Xiaohu Ping, George Zanjani. Insurance: Mathematics and Economics. (Vol 85, March 2019) Do Elections Delay Regulatory Action? J. Tyler Leverty and Martin F. Grace. Journal of Financial Economics. (Vol 130 Issue 2) Building Financial and Health Literacy at Older Ages: The Role of Online Information. Hessam Bavafa, Junhao Liu, Anita Mukherjee. The Journal of Consumer Affairs. (17 January 2019) Determinants of Persistent High-Utilizers in US Adults Using Nationally Representative Data. Kyeonghee Kim, Margie Rosenberg. North American Actuarial Journal. (2019) Pair Copula Constructions for Insurance Experience Rating. Peng Shi, Lu Yang. Journal of American Statistical Association. (2018) The Structure of Health Incentives: Evidence from a Field Experiment. Mariana Carrera, Heather Royer, Mark Stehr, Justin Sydnor. Management Science. (Forthcoming)

Daniel Bauer Associate Professor Hickman/Larson Chair in Actuarial Science Research focus: Interface of actuarial science, quantitative finance, and insurance economics

J. Tyler Leverty Associate Professor Gerald D. Stephens CPCU Chair in Risk Management and Insurance Research focus: Economics of insurance markets, insurance company operations, insurance regulation, public policy issues in insurance

Anita Mukherjee Assistant Professor Michael E. Lehman Distinguished Chair for Inspired Learning in Business Research focus: Insurance markets, law and economics, development economics, psychology and economics

Marjorie Rosenberg Professor Assurant Health Professor in Actuarial Science Research focus: Applications of statistical modeling with regards to health, health care and health policy

Peng Shi ACAS, FSA Associate Professor Charles & Laura Albright Professor in Business and Finance Research focus: Actuarial science, panel and longitudinal data, predictive modeling of insurance operations, dependence models

Justin Sydnor Associate Professor Leslie P. Schultz Professor in Risk Management and Insurance Research focus: Psychology and economics, applied microeconomics, decision-making under risk, insurance markets, behavioral industrial organization

Joan Schmit Professor, Department Chair American Family Insurance Distinguished Chair of Risk Management and Insurance Research focus: Development of insurance in emerging markets, insurance regulation, reputation risk, economics of litigation strategies


Research Highlights

World-Renowned Faculty

The University of Wisconsin-Madison is one of the world’s great research and teaching institutions, with the Risk and Insurance Department faculty being strong contributors to this reputation.

Excellence in research defines what and how we teach, enriches our exchange with industry and policy leaders, and opens unique partnership opportunities among our community.

Specific areas of expertise include: Predictive modeling, healthcare analytics, insurance regulation, behavioral economics, financial management of insurance, corporate risk management, financial management of insurance organizations, and statistical methods development. Select publications in top-tier Journals: Dynamic capital allocation with irreversible investments. Daniel Bauer, Shinichi Kamiya, Xiaohu Ping, George Zanjani. Insurance: Mathematics and Economics. (Vol 85, March 2019) Do Elections Delay Regulatory Action? J. Tyler Leverty and Martin F. Grace. Journal of Financial Economics. (Vol 130 Issue 2) Building Financial and Health Literacy at Older Ages: The Role of Online Information. Hessam Bavafa, Junhao Liu, Anita Mukherjee. The Journal of Consumer Affairs. (17 January 2019) Determinants of Persistent High-Utilizers in US Adults Using Nationally Representative Data. Kyeonghee Kim, Margie Rosenberg. North American Actuarial Journal. (2019) Pair Copula Constructions for Insurance Experience Rating. Peng Shi, Lu Yang. Journal of American Statistical Association. (2018) The Structure of Health Incentives: Evidence from a Field Experiment. Mariana Carrera, Heather Royer, Mark Stehr, Justin Sydnor. Management Science. (Forthcoming)

Daniel Bauer Associate Professor Hickman/Larson Chair in Actuarial Science Research focus: Interface of actuarial science, quantitative finance, and insurance economics

J. Tyler Leverty Associate Professor Gerald D. Stephens CPCU Chair in Risk Management and Insurance Research focus: Economics of insurance markets, insurance company operations, insurance regulation, public policy issues in insurance

Anita Mukherjee Assistant Professor Michael E. Lehman Distinguished Chair for Inspired Learning in Business Research focus: Insurance markets, law and economics, development economics, psychology and economics

Marjorie Rosenberg Professor Assurant Health Professor in Actuarial Science Research focus: Applications of statistical modeling with regards to health, health care and health policy

Peng Shi ACAS, FSA Associate Professor Charles & Laura Albright Professor in Business and Finance Research focus: Actuarial science, panel and longitudinal data, predictive modeling of insurance operations, dependence models

Justin Sydnor Associate Professor Leslie P. Schultz Professor in Risk Management and Insurance Research focus: Psychology and economics, applied microeconomics, decision-making under risk, insurance markets, behavioral industrial organization

Joan Schmit Professor, Department Chair American Family Insurance Distinguished Chair of Risk Management and Insurance Research focus: Development of insurance in emerging markets, insurance regulation, reputation risk, economics of litigation strategies


Ph.D. Areas of Study The Wisconsin Ph.D. Program offered by the Department of Risk and Insurance focuses on our core areas of research in actuarial science, analytics, risk management, insurance, and decision-making under risk and uncertainty. Program Structure Full funding typically available Core courses include microeconomics, econometrics sequence, panel data analysis, and seminar courses Additional coursework customized to individual background and research interests Preliminary examination following completion of coursework, typically after two years Access to applied, data-driven research Ph.D. earned following a completed dissertation, typically in fifth year Academic Requirements BA in business, actuarial science, economics, statistics, or related field Strong math background: coursework in multivariate calculus, linear algebra strongly encouraged Research and/or work experience in area of interest within actuarial science, risk management, or insurance valued

Learn More go.wisc.edu/phd-ri

A Passionate Community for Inspired Learning The Risk and Insurance Department aims for depth, breadth, and innovation through academic and extracurricular activities. These activities reach more than 500 students annually. Academic Programs BBA in Actuarial Science BBA in Risk Management & Insurance Capstone Certificate in Actuarial Science MBA in Risk Management & Insurance MS in Business Analytics PhD in Actuarial Science, Risk Management & Insurance Extracurricular Activities Actuarial Club Risk Management & Insurance Society Co-Curricular Learning Board Innovations and Achievements Technology-enhanced learning experience for global access to actuarial curriculum Society of Actuaries Center of Actuarial Excellence Inspired Learning Chair appointments Global Center of Insurance Excellence 975 University Avenue Madison, WI 53706 (608) 262-8714 risk.insurance@wsb.wisc.edu go.wisc.edu/risk-insurance

Ph.D. in Actuarial Science, Risk Management, and Insurance Contribute to innovative research with world-renowned faculty

Ph. D in Actuarial Science, Risk Management, and Insurance  

Contribute to innovative research with world-renowned faculty.

Ph. D in Actuarial Science, Risk Management, and Insurance  

Contribute to innovative research with world-renowned faculty.