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Richard D. Phillips

Dean and C.V. Starr Professor of Risk Management and Insurance    
  • Ph.D., University of Pennsylvania
  • M.A., University of Pennsylvania
  • B.S., University of Minnesota
  • risk management
  • financial economics
  • insurance economics

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 chair of the RMI department from July of 2006 through October 2012. He then was named the associate dean of academic initiatives and innovation until July 2014, when he then became dean of the college.

  • “The Value of Investing in Enterprise Risk Management,” with Martin F. Grace, James Tyler Leverty, and Prakash Shimpi (2015), Journal of Risk and Insurance 82(2): 289-316.
  • “Subjective Beliefs and Statistical Forecasts of Financial Risks: The Chief Risk Officer Project,” with Glenn Harrison, in Contemporary Challenges in Risk Management, ed Torben Juul Andersen (London: Palgrave Macmillan), 2014.
  • “Financial Pricing of Property-Liability Insurance,” with Daniel Bauer and George Zanjani, in Handbook of Insurance Economics 2nd Edition, ed Georges Dionne (Boston: Kluwer Academic Publishers), 2013.
  • “Information effect of entry into credit ratings market: The case of insurers’ ratings,” with Neil. A Doherty and Anastasia Kartasheva, (2012) Journal of Financial Economics 106: 308-330.
  • “Form over Matter: Differences in the Incentives to Convert Using Full versus Partial Demutualization in the U.S. Life Insurance Industry” with Otgo Erhemjamts, (2012) Journal of Risk and Insurance 79(2): 305-334.