Dr. Petra Steinorth awarded the 2011 Geneva Association Ernst-Meyer Prize

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awards, Faculty, insurance, SRM

The Peter J. Tobin College of Business would like to congratulate Dr. Petra Steinorth, assistant professor of risk management, insurance and actuarial science, for receiving the 2011 Ernst-Meyer Prize from the Geneva Association for her doctoral thesis on “Essays on the Economics of Selected Multi-Period Insurance Decisions with Private Information.”

The Geneva Association, an international association for the study of insurance economics, identifies fundamental trends and strategic issues where insurance plays a substantial role or which influences the insurance sector. Every year, the Association awards the prestigious Ernst Meyer Prize for university research work, usually in the form of a doctoral thesis, which makes a significant and original contribution to the study of risk and insurance economics.

In addition to this recent accomplishment, Dr. Steinorth’s doctoral thesis has won several awards including the national prize for the best insurance economics dissertation from the Hamburg Center for Insurance Sciences and an outstanding dissertation award from Munich School of Management. She was awarded her doctoral degree in public economics with a concentration in risk management and insurance from Ludwig-Maximilians-Universität München in November 2010.

In the field of research, Dr. Steinorth focuses on topics on health and retirement insurance. She has recently published in the Journal of Health Economics, Journal of Insurance Issues, Journal of Applied Social Sciences Studies and the German Journal of Risk and Insurance and has been awarded a research grant from the TIAA-CREF Institute for a project on Variable Annuities.

Kudos to one of SRM’s brightest stars! 🙂

Impact of International Insurance on U.S. Markets Captures Legislator’s Attention

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conference, Faculty, global insurance, SRM, U.S. Market

W. Jean Kwon, , Ph.D., CPCU, Faculty Chair and Professor, the School of Risk Management

COLUMBUS, OH (November 30, 2011)—Over forty state legislators from twenty-three different attended a recent workshop developed for the National Conference of Insurance Legislators’ (NCOIL) Institute for Insurance Policy Titled, “The Train is Coming: How Will International Regulation Preempt U.S. Authority? ”  Conducted by the Griffith Insurance Education Foundation, this seminar featured St. John’s University faculty member W. Jean Kwon, Ph.D., CPCU, Faculty Chair and Professor, the School of Risk Management as the speaker

The focus of this event was to provide a clearer understanding of the impact international insurance regulation will have on U.S. policy and to  help state representatives to understand:
•   the various models for multinational supervision
•   the U.S. market’s inter connectivity to global insurance markets and resulting impact on  financial stability or systemic risk
•  how international agreements and global insurance markets impact U.S. insurers and markets

The seminar began with a primer on the insurance production process followed by an overview of the U.S. and world insurance markets.  There was discussion of the various international regulatory and supervisory organizations including the International Association of Insurance Supervisors (IAIS), the European Insurance and Occupational Pensions Authority (EIOPA), the Financial Stability Board (FSB), the Joint Forum, and the International Accounting Standards Board (IASB).

Resulting feedack included comments from attendee Rep. Ken Ito (HI)),  the event was “very educational.” Rep. Warren Kitzmiller (VT) also characterized Dr. Kwon’s lecture during this November session as “clear, concise and understandable”—often a challenge when dealing with complex insurance industry issues.

World Traveler!

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conference, Faculty, insurance, SRM

Dr. W. Jean Kwon, Ph.D., CPCU,  Faculty Chair and Professor, the School of Risk Management had a busy and productive summer in 2011. A speaker at an international insurance conference, Dr. Kwon participated in the 15th Annual Asia-Pacific Risk and Insurance Association Conference at Liberty Tower of Meiji University in Tokyo, Japan.  As a past president, author and plenary session moderator Dr. Kwon spoke at several sessions including the plenary session where he discussed new strategies in the insurance world. Dr. Kwon also delivered lectures (in Risk Management and Insurance in a Global Economy) at Hitotsubashi University, Waseda University and Meiji University, all in Tokyo, Japan.

The staff of the Davis Library is glad in his return to campus with his “world of experience” and look forward to an exciting Fall 2011 semester!

The Davis Library Welcomes New SRM Facuty Member

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Faculty, insurance, Risk Management, SRM

The staff of the Davis Library welcomes new faculty member, Assistant professor Petra Steinorth.

Dr. Steinorth received her degrees from the University of Hamburg, University of Bath and LMU Munich in Germany. She won a TIAA-CREF research grant and several additional awards for dissertation. She has served as a Wharton School Visiting Scholar, University of Pennsylvania. Dr. Steinorth has published in the Journal of Health Economics and German Journal of Risk and Insurance; Refereed for the European Economic Review, Journal of Health Economics, Insurance: Mathematics and Economics and Risk Management and Insurance Review; and she has presented Risk Theory Society,  American Risk and Insurance Association, World Risk and Insurance Economics Congress, and International Health Economics Association Congress. Dr. Steinorth will be teaching “Management of Risk” and “Corporate Risk Management”in Fall 2011.