Department of Risk Management & Insurance
The Department of Risk Management & Insurance was founded in 1953 by a group of young and innovative scholars led by Kenneth Black Jr. Today we are one of the largest and finest centers of risk management education and research in the world.
While many business schools with risk management programs typically focus exclusively on insurance, Robinson’s view is much broader. Our curriculum exposes students to financial concepts in all markets where risk trades, including insurance markets and capital markets, and through explicit and implicit contracts. This broader focus deepens our students’ understanding and appreciation for the opportunities and challenges of a career in risk management. In addition, this education experience makes our graduates more attractive and valuable to prospective employers and is consistent with job descriptions of those working in the risk management industry.
Students consistently rank our faculty among Robinson’s highest in teaching effectiveness and top five in the Georgia State University Freshman Learning Community.
Our faculty are renowned as the best in their fields for research and thought leadership. Their expertise is often sought by media, other academicians, and public and private organizations. Several of our faculty have been called upon to provide expert testimony before members of the U.S. Senate and House of Representatives.
- Have received 37 awards for research from 1999-2016
- Make more than 40 research presentations annually to a broad range of audiences worldwide
- Publish 30 or more articles annually in many of the top academic and practitioner journals
Our faculty members conduct research on the economic analysis of risk in its broadest sense. We study decision-making under risk and uncertainty at the individual, institutional and societal levels. For example, we examine how individuals make personal financial planning decisions under conditions of uncertainty. At the institutional level, we study how firms and financial intermediaries such as banks and insurance companies evaluate and manage risk. At the societal level, we analyze how governmental and private regulatory agencies manage aggregate risk exposures and allocate risk across society through laws and regulations. Consistent with our broad research vision, our faculty possess diverse academic backgrounds in economics, finance, law, applied mathematics and statistics.