Mission Statement: Center for Risk Management and Insurance
Patrick L. Brockett, Director

 

The Center for Risk Management and Insurance is designed to conduct and disseminate 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 concerning issues related to risk and its analysis and management, and for insurance research in general.  We provide independent unbiased analysis of public policy issues related to insurance and risk, and provide rigorous examination of issues involving risk, uncertainty, and insurance. 

 

The Center researches broadly in areas of management and analysis of risk and uncertainty (including statistics) and researches risk handling through risk sharing, risk transfer, and risk pooling mechanisms (e.g., insurance or capital market solutions).  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.

 

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.  Documenting the preeminence of The Journal of Risk and Insurance are several studies on the impact of scholarly journals. For example, in a 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 American Association of 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 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.
 

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Send your questions or comments to pat.arnold@mccombs.utexas.edu 
Last updated : December 17, 2003