The PhD concentration in Risk Management and Insurance (RMI) prepares students for academic careers at research universities. The program prepares students so that they are competitive for positions in RMI-dedicated departments as well as specialized roles in finance, economics or actuarial science departments, depending on the interests of the student. Our research focus has benefited our students in the job market, leading to their research appointments at universities such as California State University, the University of Florida, the University of Wisconsin – La Crosse, National Taiwan University, Fudan University and the Korean Institute of Finance.

Faculty members’ research focuses on a variety of risk-related topics including productivity and efficiency of insurance firms, insurance regulation, behavioral insurance, enterprise risk management, catastrophic risk management, longevity risk management, health insurance, and actuarial modeling, among others. Our department is also conducting leading research on important public policy issues such insurance utilization in emerging markets (microinsurance), and consumer decisions regarding the National Flood Insurance program. Faculty publish in many leading journals such as the Journal of Risk and Insurance, Journal of Risk and Uncertainty, Insurance: Mathematics and Economics, the North American Actuarial Journal, and the Geneva Papers- Risk and Insurance.

In addition to the seminars that are part of the doctoral student’s program of student, the Department of Risk, Insurance and Healthcare Management provides a series of research activities designed to further develop the doctoral student’s knowledge of the relevant literature and the academics active in conducting research. These activities include the RIHM Reading Group, a bi-weekly meeting where published research is evaluated and critiqued; the RIHM Brownbag Seminar, a bi-weekly meeting where faculty and doctoral students present early phase research; and the Hedges Seminar, where well-known faculty from other universities are invited to campus to share their research. Doctoral students have advanced professional development opportunities in one of the most active risk management departments.

Concentration Advisor

Randy Dumm
Risk, Insurance, and Healthcare Management
Professor of Research
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