Thorsten Moenig

Profile Picture of Thorsten Moenig

Thorsten Moenig

  • Fox School of Business and Management

    • Risk, Actuarial Science, and Legal Studies

      • Associate Professor

      • Tuttleman Research Fellow


Thorsten Moenig is an Associate Professor in the Department of Risk, Actuarial Science & Legal Studies in the Fox School of Business at Temple University, and the director of the Actuarial Science Masters’ program. His current research focuses on personal retirement savings products (such as variable annuities and RILAs), how insurers can value and hedge the embedded guarantees, and how these products should optimally be designed in view of policyholder behavior and market imperfections. More broadly, he is interested in topics across actuarial science, insurance economics, applied game theory, and behavioral economics. Dr. Moenig has published his research in Insurance: Mathematics and Economics, the Journal of Risk and Insurance, the North American Actuarial Journal, and the Review of Finance. He is a recipient of the 2017 Redington Prize from the Society of Actuaries and serves on the Editorial Board of the Journal of Risk and Insurance.

Dr. Moenig holds a Master’s degree in Actuarial Science from the University of Connecticut and a PhD in Risk Management and Insurance from Georgia State University. He is an Associate of the Society of Actuaries (ASA). He enjoys teaching and is the proud recipient of two Outstanding Teacher Awards by the Sigma chapter of Gamma Iota Sigma.

Courses Taught




AS 2503

Actuarial Corporate Finance


AS 3501

Long-Term Actuarial Modeling


RMI 3567

Managing International Risk


AS 5102

Long-Term Actuarial Modeling


RMI 9003

Theory of Risk and Uncertainty


Selected Publications


  • Bauer, D. & Moenig, T. (2023). Cheaper by the bundle: The interaction of frictions and option exercise in variable annuities. Journal of Risk and Insurance, 90(2), 459-486. Wiley. doi: 10.1111/jori.12393.

  • Moenig, T. (2022). It's RILA time: An introduction to registered index‐linked annuities. Journal of Risk and Insurance, 89(2), 339-369. Wiley. doi: 10.1111/jori.12357.

  • Moenig, T. (2021). Efficient valuation of variable annuity portfolios with dynamic programming. Journal of Risk & Insurance, 88(4), 1023-1055. doi: 10.1111/jori.12355.

  • Moenig, T. (2021). Variable annuities: Market incompleteness and policyholder behavior. Insurance: Mathematics and Economics, 99, 63-78. doi: 10.1016/j.insmatheco.2021.03.007.

  • Delaney, J., Jacobson, S., & Moenig, T. (2020). Preference discovery. Experimental Economics, 23(3), 694-715. doi: 10.1007/s10683-019-09628-9.

  • Moenig, T.P., Cohen, A., Lee, G., & Viens, F. (2020). Inaugural Simon Conference for Young Researchers in Risk Management and Insurance. Expanding Horizons. Society of Actuaries. Retrieved from