Our specialized master’s programs are designed for students who have an undergraduate degree (it does not have to be a business degree), and wish to study a discipline in greater depth. We offer these programs in two formats: a flexible format that allows full or part-time students to earn their master’s at their own pace (up to five years); and an accelerated, one-year format [...]
- Ph.D., University of Pennsylvania
M.A., University of Pennsylvania
B.S., University of Minnesota
- Financial risk management
Financial and insurance economics
Regulation of U.S. insurance markets
Phillips’ areas of research include the financial risk management practices of insurers, financial pricing models of insurance, and various regulatory issues as they pertain to the insurance industry. Phillips has provided advice and research to the Federal government and to major U.S. actuarial consulting firms regarding the modeling of property/liability insurer cash flows. Phillips is a member of the American Risk and Insurance Association, American Finance Association, and the Risk Theory. Phillips was named chair of the RMI department in July of 2006.
- Phillips, Richard D.,with J. David Cummins. “Estimating the Costs of Equity Capital in Property-Liability Insurance,” Forthcoming at Journal of Risk and Insurance.
- Phillips, Richard D., with J. David Cummins and David Lalonde, “The Basis Risk of Catastrophic-Loss Index Securities,” (2004), Journal of Financial Economics 71(1): 77-111.
- Phillips, Richard D., with Robert W. Klein and Wenyan Shiu, “The Capital Structure of Firms Subject to Price Regulation: Evidence from the Insurance Industry” (2002), Journal of Financial Services Research 21(1/2): 79-100.
- Phillips, Richard D., with Neil Doherty, “Keeping up with the Joneses: Changing Rate Standards and the Buildup of Capital by U.S. Property-Liability Insurers,” (2002), Journal of Financial Services Research. 21(1/2): 55-78
- Phillips, Richard D., with Martin F. Grace and Robert W. Klein, “On Shore Special Purpose Reinsurance Vehicles: A Public Policy Evaluation,” (2001), Risk Management and Insurance Review, 4(1): 7-34.