Center for Risk Management
Director of the Center: Patrick L. Brockett,
PhD
Gus S. Wortham Memorial Chairholder in Risk Management and Insurance,
Director, Risk Management and Insurance Program
Department of Information, Risk, and Operations Management
Professor of Finance and Mathematics
Associate Director:
Patricia M. Arnold, CPCU, ALCM
Department of Information, Risk, and Operations Management
Risk Management and Insurance Program
To contact us email
Mission Statement
The Center for Risk Management and Insurance
conducts
and disseminates research relevant to the operational concerns and public
policy implications of risk analysis and risk management. The mission
of the Center is to be the premier independent research resource for
public policy decision makers within the state of Texas for issues
related to risk, its analysis, and its management. The Center provides independent unbiased analysis of public policy
issues related to insurance and risk, as well as rigorous examination
of issues involving risk, uncertainty, and insurance.
Research topics include: analysis
of and public policy implications of the use of credit scoring in insurance,
environmental risks and their handling, management of risks in the private
and public sectors; the social, ethical and financial implications of
genetic testing for risk and insurance underwriting, insurance finance,
the demand for insurance, moral hazard, and adverse selection problems
in insurance, issues in insurance regulation; actuarial and statistical
methodology; efficiency of insurance organizations, regulatory issues
in automobile insurance, and other topics in risk, insurance, and risk
management. (See
Research and
Working Papers.)
An integral part of the Center’s mission is the dissemination of
research in peer reviewed academic journals. Furthering this goal is
the sponsorship and editing of
The Journal of
Risk and Insurance within the Center. The Journal of Risk and Insurance
is the flagship journal of the American Risk and Insurance Association,
and is the premier academic journal in risk management and insurance
research in the world. In a recent survey of business school deans, The Journal of Risk
and Insurance is ranked as the most influential risk and insurance journal.
Another study examined journal subscriptions of libraries at universities
whose business schools are accredited by The Association to Advance Collegiate Schools of Business (AACSB) and found that The Journal of
Risk and Insurance's market penetration in accredited business schools
is three times as high as that of the second ranking refereed risk and
insurance journal and comparable to that of most finance journals. A
study of journals in the area of risk and insurance found that The Journal
of Risk and Insurance ranked first in terms of the number of citations
in the refereed insurance literature and was in a closely ranked group
of three journals at the top of the insurance impact rankings. The Journal
of Risk and Insurance (JRI) is indexed by the American Economic Association's
Economic Literature Index, the Finance Literature Index, the Social
Sciences Citation Index, ABI/Inform, and other major indexing services.
Dr. Patrick L. Brockett, the Center Director, is the immediate past
editor of JRI.
