Curriculum Vitae

  • 1977 born in Thuine (Germany)
  • 1998-2003 Studies of Business Administration at the University of Münster (Germany)
  • 2003-2005 Research Assistant at the universities in St.Gallen (Switzerland), Münster (Germany), and Aachen (Germany)
  • 2005 Dr. rer. pol. from the University of Münster; Title of dissertation: “Hedgefonds-Strategien und ihre Performance im Asset Management von Finanzdienstleistungsunternehmen”
  • 2005-2009 Senior Research Fellow and Lecturer at the University of St.Gallen
  • 2008 Visiting Professor at the University of Wisconsin-Madison (USA)
  • 2009 Habilitation in business administration at the University of St.Gallen
  • 2009-2011 Director of the Institute of Insurance and Professor in Insurance at the University of Ulm (Germany)
  • 2010 and 2011 Visiting Lecturer at the University of Torino and Urbino (Italy)
  • Since November 2011 Director of the Institute of Insurance Economics and Professor in Insurance Management at the University of St.Gallen

Awards

  • 2003 Degree «Diplom-Kaufmann» as best of 118 alumni at the University of Münster in summer 2003, awarded with the zeb/rolfes. schierenbeck-Award
  • 2006 Acatis-Value-Preis (second place) for dissertation thesis «Hedgefonds-Strategien und ihre Performance im Asset Management von Finanzdienstleistungsunternehmen»
  • 2008 Best Perspectives Article, awarded by the American Risk and Insurance Association for «The Solvency II Process: Overview and Critical Analysis,» published in Risk Management & Insurance Review (with H. Schmeiser and J. T. Schmit).
  • 2009 Best Article, awarded by the Casualty Actuarial Society for «Management Strategies and Dynamic Financial Analysis,» published in: Variance (with T. Parnitzke and H. Schmeiser).
  • 2010 Spencer L. Kimball Award, awarded by the National Association of Insurance Commissioners for «An Overview and Comparison of Risk-Based Capital Standards,» published in: Journal of Insurance Regulation (with I. Holzmüller).
  • 2010 Lehrbonus für das Jahr 2010, awarded by the senate of the University of Ulm for excellence in teaching (nominated by the students)
  • 2010 Kooperationspreis Wissenschaft-Wirtschaft 2010 (University of Ulm), awarded for the project «Microinsurance and Efficiency in the International Insurance Industry» (funded by the German Research Foundation DFG)
  • 2011 Kessler Preis 2010 for «The Performance of Hedge Funds and Mutual Funds in Emerging Markets», in: Journal of Banking & Finance (with Roger Faust).
  • 2013 Highly Commended Award Winner, Journal of Risk Finance (Literati Network Awards for Excellence) for «Market-Consistent Embedded Value in Non-Life Insurance: How to Measure It and Why» (with D. Diers, C. Kraus and A. Reuss)
  • 2013 Best Perspectives Article, awarded by the American Risk and Insurance Association for «What Do We Know About Market Discipline in Insurance?» published in Risk Management & Insurance Review.
  • 2014 Best Article, awarded by the Casualty Actuarial Society for «Do Underwriting Cycles Matter? An Analysis Based on Dynamic Financial Analysis», published in: Variance, Vol. 6, 2012, No. 2, S. 131–142 (with Sebastian Marek).
  • 2014 Shin Research Excellence Award, awarded by the International Insurance Society for «Insurability of Cyber Risk: An Empirical Analysis» (with Christian Biener and Jan Wirfs).
  • 2015 Nomination for the Credit Suisse Best Teaching Award of the University of St.Gallen (nominated by the students)
  • 2015 Early Career Scholarly Achievement Award, awarded by the American Risk and Insurance Association
  • 2016 JIR Article of the Year, awarded by the National Association of Insurance Commissioners for «Basis Risk, Procyclicality, and Systemic Risk in the Solvency II Equity Risk Module,» in: Journal of Insurance Regulation, Vol. 33, 2014, No. 1, S. 1-39 (with David Pankoke).
  • 2016 Les B. Strickler Innovation in Instruction Award, awarded by the American Risk and Insurance Association.
  • 2016 Nomination for the SCOR/EGRIE Young Economist Best Paper Award, European Group of Risk and Insurance Economists (with Alexander Braun and Semir Ben-Ammar).
  • 2017 Selection as one of eight most relevant papers for the 40 year anniversary special issue of the Geneva Papers on Risk and Insurance for «Insurability in Microinsurance Markets: An Analysis of Problems and Potential Solutions,» in: Geneva Papers on Risk and Insurance, Vol. 37, 2012, No. 1, pp. 77–107 (with Christian Biener).
  • 2018: SCOR Actuarial Price for the Best Paper submitted to the IRFRC & APRIA 2018 Joint Conference.
  • 2018 Les B. Strickler Innovation in Instruction Award, awarded by the American Risk and Insurance Association.
  • 2020 Journal of Risk and Insurance Excellence in Reviewing Award for 2019
  • 2020 NZZ Ökonomenranking Platz 22 (Rang 3 innerhalb der HSG nach M. Bütler und A. Herrmann)
  • 03/2022: Nomination für den «Award für herausragende Leistungen in der Ausbildung im Finanzwesen» Swiss Finance Summit 2022
  • 06/2022: Journal of Risk and Insurance Excellence in Reviewing Award for 2021
  • 08/2022: Patrick Brockett & Arnold Shapiro Actuarial Award für das beste Paper in einem aktuarwissenschaftlichen Journal (für Capital Requirements for Cyber Risk and Cyber Risk Insurance, North American Actuarial Journal, mit Werner Schnell), ausgezeichnet durch die American Risk and Insurance Association.
  • 01/2023: Top Cited Article in 2022 in the Geneva Papers on Risk and Insurance for «The impact of artificial intelligence along the insurance value chain and on the insurability of risks»
  • 02/2023: Dean‘s Wildcard für innovative Lehr- und Lernformate (Auswahl des Dekan von zwei herausragenden Kursen der School of Finance; gewählt wurden die Veranstaltungen Insurance Operations und History of Insurance)
  • 03/2023: Journal of Risk and Insurance Excellence in Reviewing Award (based on quantity and quality of reviews)
  • 04/2023: Nomination und Aufnahme in das RIMS Higher Education Council, Risk Management Society, New York
  • 01/2024: Journal of Risk and Insurance Excellence in Reviewing Award (based on quantity and quality of reviews)
  • 04/2023: Bob Alting von Geusau Prize, International Actuarial Association (with Alexander Braun and Christoph Jaenicke) for 2023
  • Digitalization (e.g. Artificial Intelligence, Big Data, Cyber Risk)
  • Microinsurance
  • Social Security (pension and healthcare)
  • Asset Management
  • Regulation
  • Risk and Performance Measurement

Current Working Papers (under review)

  • Risk Sharing for Extreme Events (mit Alex Braun und Marcel Freyschmidt)
  • Spatial Patterns in Cyber Risk
  • Loss Aversion Leads to Fatalistic Behavior towards Cyber Risk (mit K. Jung)
  • The Changing Landscape of Cyber Risk (mit Rustam Ibragimov und Dingchen Ning)

  • Optimism Bias and its Impact on Cyber Risk Management Decisions, Risk Sciences, Vol. 1 (2024), 100001 (with Kwangmin Jung).
  • Is the Insurance Industry Sustainable?, Journal of Risk Finance, 25.4 (2024), 684-703.
  • Big Data, Risk Classification, and Privacy in Insurance Markets, Geneva Risk and Insurance Review, Vol. 49 (2024), 75-126 (with D. Guxha, I. Gemmo and H. Schmeiser).
  • Alternative Risk Transfer for Cyber Risk, forthcoming in: ASTIN Bulletin (with Alex Braun and Christoph Jaenicke).
  • Insurance Literacy is Different, forthcoming in: Journal of Insurance Issues, Spring 2023 (with Christoph Jaenicke).
  • New Advances on Cyber Risk and Cyber Risk Insurance, forthcoming in: Geneva Papers on Risk and Insurance, Editorial to special issue (with Martin Boyer).
  • Heterogeneity in Cyber Loss Severity and its Impact on Cyber Risk Measurement, Risk Management, Vol. 24, 2022, pp. 273-297 (with Kwangmin Jung).
  • Unraveling Heterogeneity in Cyber Risk Using Quantile Regressions, Insurance: Mathematics and Economics, Vol. 104, 2022, pp. 222-242 (with Kwangmin Jung und Jeungbo Shim).
  • The Economic Impact of Extreme Cyber Risk Scenarios, forthcoming in: North American Actuarial Journal (with Mauro Elvedi and Greg Falco).
  • Technology Heterogeneity and Market Structure, forthcoming in: Journal of Risk and Insurance (with Ruo Jia, Jieyu Lin and Casey Rothschild).
  • Optimal Labor and Capital Utilization by Financial Firms, Journal of Business Economics, Vol. 92 (2022), pp. 853-897 (with Martin Lehmann and Philipp Schaper).
  • The Magic Triangle: Growth, Profitability and Safety in the Insurance Industry, Geneva Papers on Risk and Insurance, Vol. 47 (2022), pp. 321-348 (with Ruo Jia and Philipp Schaper).
  • The Impact of Artificial Intelligence Along the Insurance Value Chain and on the Insurability of Risks, Geneva Papers on Risk and Insurance , Vol. 47 (2022), pp. 205-241 (with David Nuessle and Julian Staubli).
  • The Impact of Risk Attitudes on Long-term Care Insurance Holdings, Journal of Behavioral and Experimental Economics, Vol. 95, 2021, No. 101781, pp. 1-15 (with Katja Hahnewald and Omid Ghavibazoo).
  • Governing AI Safety through Independent Audits, Nature Machine Intelligence, Vol. 3, 2021, pp. 566-571 (with Greg Falco et al.).
  • Insurance Regulation in Europe, Journal of Insurance Regulation, Vol. 40, 2021, No. 3, pp. 1-26.
  • Innovations in Microinsurance Research, Editorial to Special Issue, Geneva Papers on Risk and Insurance, Vol. 46, 2021, No. 3, pp. 325-330 (with David M. Dror).
  • The Impact of Extreme Cyber Events on Capital Markets and Insurers’ Asset Portfolios, Journal of Financial Transformation, Vol. 54, 2021, pp. 16-27 (with Werner Schnell).
  • Cyber Risk Management: History and Future Research Directions, Risk Management and Insurance Review, Vol. 24, 2021 No. 2, pp. 93-125 (with Michael McShane and Trung Nguyen).
  • Globalization of Insurance Companies: A Blessing or a Curse? European Journal of International Management, Vol. 15, 2021 No. 2/3, 457-483 (with Christian Biener and Ruo Jia), https://www.inderscience.com/info/ingeneral/forthcoming.php?jcode=ejim.
  • Cyber Risk Research in Business and Actuarial Science, European Actuarial Journal, Vol. 10, 2020, No. 2, pp. 303-333, https://doi.org/10.1007/s13385-020-00250-1.
  • Balancing the Desire for Privacy Against the Desire to Hedge Risk, Journal of Economic Behavior & Organization, Vol. 180, 2020, pp. 608-620 (with Christian Biener and Martin Lehmann).
  • Weighting Privacy Against Insurance Coverage, erscheint in: Journal of Economic Behavior & Organization (mit Christian Biener und Martin Lehmann), https://doi.org/10.1016/j.jebo.2020.03.007.
  • Risk Aggregation in Non-life Insurance: Standard Models vs. Internal Models, Insurance: Mathematics and Economics, Vol. 95, 2020, pp. 183-198 (mit Kwangmin Jung).
  • Cyber Insurance Supply and Performance, Geneva Papers on Risk and Insurance, Vol. 45, 2020, No. 4, pp. 690-736 (mit Xiaoying Xie und Charles Lee).
  • Capital Requirements for Cyber Risk and Cyber Risk Insurance, North American Actuarial Journal, Vol. 24, 2020, No. 3, pp. 370-392 (mit Werner Schnell).
  • The Impact of Capacity on Price and Productivity Change, Journal of Insurance Issues, Vol. 43, 2020, No. 1, pp. 22-58 (mit Philipp Schaper und Robert Hoyt).
  • The Impact of Telematics on the Insurability of Risks, Journal of Risk Finance, Vol. 21, 2020, No. 2, pp. 1-33 (mit Mirko Kraft).
  • New Mathematical and Statistical Methods for Actuarial Science and Finance, Editorial to Special Issue, European Journal of Finance, Vol. 26, 2020, No. 2-3, pp. 96-99 (mit Nicola Loperfido).
  • Financing Long-Term Care: Some Ideas from Switzerland, comment on “Financing Long-term Care: Lessons From Japan”, International Journal of Health Policy and Management. Vol. 9, 2020, No. 1, pp. 39-41.
  • Cyber Risk Research Impeded by Disciplinary Barriers, Science, Vol. 366, 2019, Issue 6469, pp. 1066-1069 (with Greg Falco et al.).
  • Efficiency and Profitability in the Global Insurance Industry, Pacific Basin Journal, Vol. 57, 2019, Issue 101190, pp. 1-12 (with Ruo Jia).
  • Asset Pricing and Extreme Event Risk: Common Factors in ILS Fund Returns, Journal of Banking & Finance, Vol. 102, 2019, pp. 59-68 (with Semir Ben-Ammar and Alexander Braun).
  • Research on Long-term Care Insurance: Status Quo and Directions for Future Research, Geneva Papers on Risk and Insurance, Vol. 44, 2019, No. 2, pp. 303–356 (with Omid Ghavibazoo).
  • What are the Actual Costs of Cyber Risk Events? European Journal of Operational Research , Vol. 272, 2019, No. 3, pp. 1109-1119 (with Jan Wirfs).
  • The Cross-Section of Expected Stock Returns in the Property/Liability Insurance Industry, Journal of Banking & Finance, Vol. 96, 2018, pp. 292-321 (with Semir Ben-Ammar und Andreas Milidonis).
  • Copula Approaches for Modeling Cross-sectional Dependence of Data Breach Losses, Insurance: Mathematics and Economics, Vol. 82, 2018, pp. 167-180 (with Kwangmin Jung).
  • Business Failure, Efficiency, and Volatility: Evidence from the European Insurance Industry, International Review of Financial Analysis, Vol. 59, 2018, pp. 58-76 (with Ruo Jia).
  • The Impact of Digitalization on the Insurance Value Chain and the Insurability of Risks, Geneva Papers on Risk and Insurance, Vol. 43, 2018, No. 3, pp. 359-396 (with Martin Lehmann).
  • Reformmöglichkeiten für die schweizerische Altersvorsorge: Eine Analyse aus versicherungsökonomischer Perspektive, Swiss Political Science Review, Vol. 24, 2018, No. 1, pp. 60–68.
  • Cyber Risk and Cyber Risk Insurance: Status Quo and Future Research, Geneva Papers on Risk and Insurance, Vol. 43, 2018, No. 2, pp. 175–179.
  • Which Insurers Write Cyber Insurance? Evidence from U.S. Property and Casualty Insurance Industry, Journal of Insurance Issues, Vol. 41, 2018, No. 1, pp. 22–56 (with Jingjing Zhu).
  • Can Group Incentives Alleviate Moral Hazard? The Role of Pro-social Preferences, European Economic Review, Vol. 101, 2018, pp. 230–249 (with Christian Biener, Andreas Landmann, Shailee Pradhan).
  • Data Breaches: Goodness of Fit, Pricing and Risk Measurement, Insurance: Mathematics and Economics, Vol. 75, 2017, pp. 126–136 (with Nicola Loperfido).
  • The Structure of the Global Reinsurance Market: An Analysis of Efficiency, Scale, and Scope, Journal of Banking & Finance, Vol. 77, 2017, pp. 213–229 (with Christian Biener and Ruo Jia).
  • Between-Group Adverse Selection: Evidence from Group Critical Illness Insurance, Journal of Risk & Insurance, Vol. 84, 2017, No. 2, pp. 771–809 (with Ruo Jia and Yi Yao).
  • Recent Research Developments Affecting Nonlife Insurance—The CAS Risk Premium Project 2014 Update, Risk Management and Insurance Review, Vol. 20, 2017, No. 1, pp. 63–77 (with Ruo Jia).
  • Under Pressure: How the Business Environment Affects Productivity and Efficiency of European Life Insurance Companies, European Journal of Operational Research, Vol. 258, 2017, No. 3, pp. 1082-1094 (with Philipp Schaper).
  • Costs and Benefits of Financial Regulation – An Empirical Assessment for Insurance Companies, Geneva Papers on Risk and Insurance, Vol. 41, 2016, No. 4, pp. 529–554 (with David Pankoke).
  • Who is Changing Health Insurance Coverage? Empirical Evidence on Policyholder Dynamics, Journal of Risk & Insurance, Vol. 83, 2016, No. 2, pp. 269–300 (with Marcus Christiansen, Jan-Philipp Schmidt and Lorenz Zirkelbach).
  • The Determinants of Efficiency and Productivity in the Swiss Insurance Industry, European Journal of Operational Research, Vol. 248, 2016, No. 2, pp. 703–714 (with Christian Biener and Jan H. Wirfs).
  • What Do We Know About Cyber Risk and Cyber Insurance? Journal of Risk Finance, Vol. 17, 2016 No. 5, S. 474–491. (with Werner Schnell).
  • Systemic Risk in the Insurance Sector – What Do we Know? Risk Management & Insurance Review, Vol. 19, 2016, No. 2, pp. 249–284 (with David Pankoke).
  • Evidence of Adverse Selection in the Group Insurance Market, forthcoming in: Journal of Risk & Insurance (with Ruo Jia und Yi Yao).
  • The Determinants of Efficiency and Productivity in the Swiss Insurance Industry, European Journal of Operational Research, Vol. 248, 2016, No. 2, pp. 703-714 (with Christian Biener and Jan H. Wirfs).
  • Common Risk Factors of Infrastructure Firms, Energy Economics, Vol. 49, 2015, pp. 257-273 (with Semir Ben Ammar).
  • Insurability of Cyber Risk: An Empirical Analysis, Geneva Papers on Risk and Insurance, Vol. 40, 2015, No. 1, pp. 131-158 (with Christian Biener and Jan Wirfs).
  • Recent Research Developments Affecting Nonlife Insurance-The CAS Risk Premium Project 2013 Update, Risk Management and Insurance Review, Vol. 18, 2015, No. 1 (with Christian Biener and Shailee Pradhan).
  • Basis Risk, Procyclicality, and Systemic Risk in the Solvency II Equity Risk Module, Journal of Insurance Regulation, Vol. 33, 2014, No. 1, pp. 1-39 (with David Pankoke).
  • Corporate Governance and Risk Taking: Evidence from European Insurance Markets, Journal of Risk & Insurance Vol. 81, 2014, No. 3, pp. 653-682 (with Sebastian Marek).
  • The Determinants of Microinsurance Demand, Geneva Papers on Risk and Insurance (SSRN’s Top Ten Download im Juli 2013), Vol. 39, 2014, No. 2, pp. 224-263 (with Shailee Pradhan and Joan T. Schmit).
  • Fitting Asset Returns to Skewed Distributions: Are the Skew-Normal and Skew-Student Good Models? Insurance: Mathematics and Economics, Vol. 59, 2014, No. 1, pp. 45-56.
  • Regulation in Microinsurance Markets: Principles, Practice, and Directions for Future Development, World Development, Vol. 58, 2014, No. 1, pp. 21-40 (with Christian Biener and Joan T. Schmit).
  • Discontinued business in non-life insurance: An empirical test of the market development in the German-speaking countries, European Actuarial Journal, Vol. 4, 2014, No. 1, pp. 31-48 (with David Pankoke).
  • Deutscher Aufsichtsrat versus Schweizer Verwaltungsrat – Systematischer Abgleich und Evaluation der zentralen Kontroll- und Leitungsgremien im deutschsprachigen Versicherungsbereich, Zeitschrift für die gesamte Versicherungswissenschaft, Vol. 103, 2014, No. 2, pp. 137-165 (with David Pankoke).
  • What Policy Features Determine Life Insurance Lapse? An Analysis of the German Market, Journal of Risk & Insurance, Vol. 81, 2013, No. 2, pp. 241-269 (with Dieter Kiesenbauer).
  • Intergenerational Transfers and the Stability of the Swiss Retirement System, in: Geneva Papers on Risk and Insurance, Vol. 38, 2013, No. 4, pp. 701–728.
  • The Value of Interest Rate Guarantees in Participating Life Insurance Contracts: Status Quo and Alternative Product Design, in: Insurance: Mathematics and Economics, Vol. 53, 2013, No. 3, pp. 491–503 (with Stefan Holder).
  • Factors that Affect the Performance of Distressed Securities Hedge Funds, Journal of Derivatives & Hedge Funds Vol. 19, 2013, No. 3, pp. 159–180 (with Georgi Bontschev).
  • Recent Research Developments Affecting Nonlife Insurance—The CAS Risk Premium Project 2012 Update, in: Risk Management and Insurance Review, Vol. 16, 2013, No. 2, pp. 219–231 (with Christian Biener).
  • Multi-Year Non-Life Insurance Risk, Journal of Risk Finance, Vol. 14, 2013, No. 4, S. 353–377 (with Dorothea Diers, Marc Linde and Christian Kraus).
  • Research on Lapse in Life Insurance—What Has Been Done and What Needs to Be Done? Journal of Risk Finance, Vol. 14, 2013, No. 4, S. 392–413 (with Michael Kochanski).
  • Modeling Parameter Risk in Premium Risk in Multi-year Internal Models, Journal of Risk Finance, Vol. 14, 2013, No. 3, S. 234–250 (with Dorothea Diers and Marc Linde).
  • Recent Research Developments Affecting Nonlife Insurance—The CAS Risk Premium Project 2011 Update, Risk Management and Insurance Review, Vol. 16, 2013, No.1, S. 35–46.
  • An Efficiency Comparison of the Non-life Insurance Industry in the BRIC Countries, European Journal of Operational Research, Vol. 226, 2013, No. 3, pp. 577-591 (with Wei Huang).
  • Maximum Technical Interest Rates in Life Insurance: An International Overview, Geneva Papers on Risk and Insurance, Vol. 38, 2013, No. 2, pp. 354–375 (with Stefan Holder).
  • How a skewness shock influences optimal allocation in a risky asset (with Sudheesh Kumar Kattumannil und Luisa Tibiletti), Applied Economics Letters, Vol. 20, 2013, No. 9, pp. 842–846.
  • Do Underwriting Cycles Matter? An Analysis Based on Dynamic Financial Analysis, Variance, Vol. 6, 2012, No. 2, p. 131–142 (with Sebastian Marek).
  • Skewed Distributions in Finance and Actuarial Science, in: European Journal of Finance, Vol. 18, 2012, No. 10 (with Chris Adcock and Nicola Loperfido).
  • Does Surplus Participation Reflect Market Discipline? An Analysis of the German Life Insurance Market, Journal of Financial Services Research , Vol. 42, 2012, No. 3, pp. 159–185 (with Dieter Kiesenbauer).
  • Is there Market Discipline in the European Insurance Industry? An Analysis of the German Insurance Market, Geneva Risk and Insurance Review, Vol. 37, 2012, No. 2, pp. 180–207 (with Joan T. Schmit).
  • Market Consistent Embedded Value in Non-Life Insurance: How to measure it and why, Journal of Risk Finance, Vol. 13, 2012, No. 4, pp. 320-346 (with Dorothea Diers, Christian Kraus and Andreas Reuß).
  • What Do We Know About Market Discipline in Insurance? Risk Management and Insurance Review, Vol. 15, 2012, No.2, pp. 185-223.
  • Fitting Insurance Claims to Skewed Distributions: Are Skew-Normal and Skew-Student Good Models? Insurance: Mathematics and Economics, Vol. 51, 2012, No. 2, pp. 239–248.
  • Organization and Efficiency in the International Insurance Industry: A Cross-frontier Analysis, European Journal of Operational Research, Vol. 221, No. 2, 454–468 (with Christian Biener).
  • A Decision-theoretic Foundation for Two-parameter Performance Measures, Journal of Banking & Finance, Vol. 36, 2012, No. 7, pp. 2077–2082 (with Frank Schuhmacher).
  • Dependence Modelling in Non-Life Insurance Using the Bernstein Copula, in: Insurance: Mathematics and Economics, 50(3): 430-436, 2012 (with D. Diers and S. Marek).
  • Insurability in Microinsurance Markets: An Analysis of Problems and Potential Solutions, in: Geneva Papers on Risk and Insurance, 37(1): 77–107, 2012 (with C. Biener).
  • Internal and External Drivers for Risk Taking in U.K. and German Insurance Markets, in: International Journal of Banking, Accounting and Finance, 4(1):48–76, 2012 (with S. Marek).
  • Sufficient Conditions for Expected Utility to Imply Drawdown-Based Performance Rankings, in: Journal of Banking & Finance, 35(9):2311–2318, 2011 (with F. Schuhmacher).
  • The Performance of Microinsurance Programs: A Data Envelopment Analysis, in: Journal of Risk & Insurance, 78(1):83–115, 2011 (with C. Biener).
  • Internal vs. External Risk Measures: How Capital Requirements Differ in Practice, in: Operations Research Letters, 38(5): 482–488, 2010 (with L. Tibiletti).
  • One-Size or Tailor-Made Performance Ratios for Ranking Hedge Funds? in: Journal of Derivatives and Hedge Funds, 16(4):267–277, 2010 (with S. Farinelli, D. Rossello and L. Tibiletti).
  • Sharpe Ratio for skew-normal distributions: a skewness-dependent performance trade-off? in: Journal of Performance Measurement, 14(4):34–48, 2010 (with L. Tibiletti).
  • The Performance of Hedge Funds and Mutual Funds in Emerging Markets, in: Journal of Banking & Finance, 34(8):1993–2009, 2010 (with R. Faust).
  • Frontier Efficiency Methodologies to Measure Performance in the Insurance Industry, in: Geneva Papers on Risk and Insurance, 35(2):217–265, 2010 (with M. Luhnen).
  • Efficiency in the International Insurance Industry: A Cross-country Comparison, in: Journal of Banking & Finance, 34(7):1497–1509, 2010 (with M. Luhnen).
  • Skewness in Hedge Funds: Classical Skewness Coefficients vs. Azzalini’s Skewness Parameter, in: International Journal of Managerial Finance, 6(4):290–304, 2010 (with S. Farinelli, D. Rossello and L. Tibiletti).
  • Where do distressed securities hedge funds invest? in: Kredit und Kapital, 43(3):375–406, 2010 (with G. Bontschev).
  • Insurance and the Credit Crisis: Impact and Ten Consequences for Risk Management and Supervision, in: Geneva Papers on Risk and Insurance, 35(1):9–34, 2010 (with H. Schmeiser).
  • Die Risikoübernahme von Versicherungsunternehmen: Eine empirische Analyse für Deutschland und Großbritannien, in: Zeitschrift für die gesamte Versicherungswissenschaft, 99(5):711–724, 2010 (with Sebastian Marek).
  • Versicherungszyklen in der deutschen KFZ-Versicherung, in: Zeitschrift für die gesamte Versicherungswissenschaft, 98(5):507-516, 2010 (with Michael Luhnen).
  • Risk and Return of Reinsurance Under Copula Models, in: European Journal of Finance, 15(7-8):751–775, 2009 (with D. Toplek).
  • Modeling and Management of Nonlinear Dependencies–Copulas in Dynamic Financial Analysis, in: Journal of Risk & Insurance, 76(3):651–681, 2009 (with D. Toplek, SSRN’s Top Ten Download for Banking & Insurance im Juli 2007).
  • Minimum Standards for Investment Performance: A New Perspective on Solvency Assessment, in: Insurance: Mathematics and Economics, 45(1):113–122, 2009 (with N. Gatzert and H. Schmeiser).
  • Good news and bad news on ellipticity in the distribution of capital market returns, in: Atlantic Economic Journal, 37(2):209–210, 2009 (with L. Tibiletti).
  • Does Hedge Fund Performance Persist? Overview and New Empirical Evidence, in: European Financial Management, 15(2):362–401, 2009.
  • An Overview and Comparison of Risk-Based Capital Standards, in: Journal of Insurance Regulation, 26, 2008, No. 4:31-60 (with I. Holzmüller, awarded with Spencer L. Kimball Award by the National Association of Insurance Commissioners).
  • Performance Measurement in the Investment Industry: Does the Measure Matter? in: Financial Analysts Journal, 64, 2008, No. 3:54-66.
  • The Swiss Solvency Test and its Market Implications, in: Geneva Papers on Risk and Insurance, 33(3):418-439, 2008 (with N. Gatzert and H. Schmeiser).
  • Management Strategies and Dynamic Financial Analysis, in: Variance, 2(1):52-70, 2008 (with T. Parnitzke and H. Schmeiser, awarded as Best Article 2008 by the Casualty Actuarial Society).
  • Die Modellierung von Rückversicherungsverträgen in der Dynamischen Finanzanalyse, in: Zeitschrift für die gesamte Versicherungswissenschaft, 97(4):479-490, 2008 (with D. Toplek).
  • Understanding Price Competition in the German Motor Insurance Market, in: Zeitschrift für die gesamte Versicherungswissenschaft, 2008(Ergänzungsband):37-50 (with M. Luhnen).
  • Does the Choice of Performance Measure Influence the Evaluation of Hedge Funds? in: Journal of Banking & Finance, 31(9):2632-2647, 2007 (with F. Schuhmacher).
  • The Solvency II Process: Overview and Critical Analysis, in: Risk Management & Insurance Review, 10(1):69-85, 2007 (with H. Schmeiser and J. T. Schmit, awarded as Best Perspectives Article by the American Risk and Insurance Association).
  • Dynamic Financial Analysis: Conception, Classification, and Implementation, in: Risk Management & Insurance Review, 10(1):33-50, 2007 (with T. Parnitzke).
  • Zur Integration heuristischer Management-Regeln in die Dynamische Finanzanalyse, in: Zeitschrift für die gesamte Versicherungswissenschaft, 2007(Ergänzungsband):291-303, 2007 (with T. Parnitzke und H. Schmeiser).
  • Finanzwirtschaftliche Garantien bei Investmentfondsprodukten und ihre bilanzielle Abbildung gemäß IFRS, in: BankArchiv (ÖBA), 55(10):795-803, 2007 (with H. Schmeiser).
  • Der Swiss Solvency Test: Ein Vorbild für Solvency II? in: Finanz Betrieb, 9(5):278-282, 2007.
  • Wo sind die Grenzen des Marktwachstums von Hedgefonds? in: Finanz Betrieb, 9(1):43-47, 2007.
  • Performance Measurement of Hedge Funds Using Data Envelopment Analysis, in: Financial Markets and Portfolio Management, 20(4):442-471, 2006.
  • Autocorrelation, Bias, and Fat Tails – Are Hedge Funds Really Attractive Investments? in: Derivatives Use, Trading & Regulation, 12(1):28-47, 2006.
  • Das deutsche und schweizer Krankenversicherungssystem: Kosten, Leistungen und Anreizwirkungen aus Sicht der Versicherten, in: Zeitschrift für die gesamte Versicherungswissenschaft, 95(4):597-618, 2006 (with T. Parnitzke).
  • Hat die Wahl des Performancemaßes einen Einfluss auf die Beurteilung von Hedgefonds-Indizes? in: Kredit und Kapital, 39(3):419-454, 2006 (with F. Schuhmacher).
  • Hedgefonds-Strategien – Systematisierung und Überblick, in: BankArchiv (ÖBA), 54(8):543-555, 2006.
  • Kapitalanlagepolitik und -performance der deutschen Lebensversicherer im Spannungsfeld von Buch- und Zeitwerten, in: Zeitschrift für die gesamte Versicherungswissenschaft, 95(2):185-224, 2006.
  • Eine Analyse der Zeit- und Marktphasenstabilität von Hedgefonds-Renditen, in: Finanz Betrieb, 8(5):329-338, 2006.
  • The Parent Company Puzzle on the German Stock Market, in: Financial Markets and Portfolio Management, 19(1):7-28, 2005 (with F. Schuhmacher).
  • Asset Liability Management in der Finanzdienstleistungsindustrie, in: Die Betriebswirtschaft, 65(3):323-326 (with T. Parnitzke).
  • Eignung von Hedgefonds für das Asset Management der deutschen Versicherungsindustrie, in: Zeitschrift für die gesamte Versicherungswissenschaft, 93(3):325-347, 2004.

  • Framework für Nachhaltigkeit aus Perspektive der Assekuranz, 70 Seiten, I.VW HSG Schriftenreihe, Band 70, St. Gallen, 2022
  • Frauen und Altersvorsorge – Lösungsansätze und Handlungsempfehlungen für eine nachhaltige Verbesserung der Vorsorgesituation, 118 Seiten, I.VW HSG Schriftenreihe, Band 69, St. Gallen, 2021 (mit Marcel Freyschmidt).
  • Digitaler Wandel – Neue Arbeitsformen und ihre Konsequenzen für die Vorsorge, 80 pages, I.VW-HSG Schriftenreihe, Band 68, St. Gallen, 2020 (with Christoph Jaenicke).
  • Alternative Modelle zur Finanzierung der Langzeitpflegekosten, 71 pages, I.VW-HSG Schriftenreihe, Band 67, St. Gallen, 2020 (with Silvan Aregger).
  • Die Zukunft der Langzeitpflege in der Schweiz, 234 pages, I.VW-HSG Schriftenreihe, Band 66, St. Gallen, 2019 (with Mauro Elvedi).
  • Ageing Society: Aktuelle Herausforderungen und Handlungsfelder aus Perspektive der Versicherungswirtschaft, 58 pages, I.VW-HSG Schriftenreihe, Band 65, St. Gallen, 2019.
  • Assekuranz 2025: Quo Vadis, I.VW-HSG Schriftenreihe, Band 61, St. Gallen, 2017.
  • Gesundheit 2020+: Aktuelle strategische Herausforderungen und Handlungsfelder in der sozialen Krankenversicherung, 110 Seiten, I.VW-HSG Schriftenreihe, Band 60, St. Gallen, 2016.
  • Cyber Risk: Too Big to Insure? Risk Transfer Options for a Mercurial Risk Class, 162 Seiten, I.VW HSG Schriftenreihe, Band 59, St. Gallen, 2016 (with Jan Wirfs).
  • Run-off 2016: Status quo und zukünftige Bedeutung von Run-off im deutschsprachigen Nichtleben-Versicherungsmarkt, 133 Seiten, I.VW-HSG Schriftenreihe, Band 58, St. Gallen, 2016 (with Philipp Schaper).
  • Konsumentenschutz aus Kundensicht: Eine empirische Studie im Schweizer Versicherungsmarkt, 180 pages, I.VW HSG Schriftenreihe, Band 57, St. Gallen, 2015 (with Pascal Bühler, Peter Maas and Veselina Milanova).
  • Alternative Risk Transfer and Insurance-Linked Securities: Trends, Challenges and New Market Opportunities, 174 pages, I.VW-HSG Schriftenreihe, Band 56, St. Gallen, 2015 (with Semir Ben-Ammar).
  • Cyber Risk: Risikomanagement und Versicherbarkeit, 104 Seiten, I.VW HSG Schriftenreihe, Band 54, St. Gallen, 2015 (with Christian Biener, Andreas Matt and Jan Wirfs).
  • Wirksamkeit und Effizienz der Regulierung in der deutschsprachigen Assekuranz – Eine juristische und ökonomische Analyse, 166 pages, I.VW HSG Schriftenreihe, Band 53, St. Gallen, 2014 (with Sabine Kilgus).
  • Brennpunkt Solidarität: Diskussionsbeiträge zur Weiterentwicklung der Sozialen Krankenversicherung, 156 Seiten, Schriftenreihe der Schweizerische Gesellschaft für Gesundheitspolitik (SGGP), Band 125, Bern, 2014 (with Konstantin Beck, Christian Biener and Viktor von Whyl).
  • Generationensolidarität in der Krankenversicherung – Die Auswirkungen der demografischen Entwicklung auf die Krankenversicherung, 104 Seiten, I.VW-HSG Schriftenreihe, Band 52, St. Gallen, 2013.
  • Der Generationenvertrag in Gefahr: Eine Analyse der Transfers zwischen Jung und Alt in der Schweiz, 130 Seiten, I.VW-HSG Schriftenreihe, Band 51, St. Gallen, 2012.
  • Volkswirtschaftliche Implikationen aus dem Swiss Solvency Test, 103 pages, I.VW HSG Schriftenreihe, Band 48, St. Gallen, 2006 (with H. Schmeiser, N. Gatzert, S. Schuckmann and D. Toplek).
  • Hedgefonds-Strategien und ihre Performance, 230 pages, Reihe: Finanzierung, Kapitalmarkt und Banken, Band 45, Eul-Verlag, Lohmar, 2006.

  • The Value of Insurance in a Changing Risk Landscape (mit Kai-Uwe Schanz et al.)
  • Chapter on Microinsurance for the Handbook of Insurance (mit David Dror)
  • Chapter on Cyber Risk for the Handbook of Insurance
  • Nachhaltigkeit aus Perspektive der Versicherer, Versicherungswirtschaft, 29.11.22.
  • 50 Beiträge der Assekuranz für mehr Nachhaltigkeit, HZ Insurance, 06.09.22
  • Arm im Alter: Neue Wege, um Vorsorgelücken von Frauen zu schliessen, I.VW Management Information, 1-2022 (mit Marcel Freyschmidt).
  • Insurance in a Digital World: Are Cyber Risks Insurable? KIF Working Paper Series.
  • Die Assekuranz – Sprachrohr für mehr Nachhaltigkeit, HZ Insurance, 22.11.21.
  • Pflegeinitiative: Ja oder Nein., AWP Soziale Sicherheit, 14.11.2021, https://www.soziale-sicherheit.ch/willkommen/pflegeinitiative-ja-oder-nein/ (mit Marco Bischof).
  • Diversität & Nachhaltigkeit als zentrale Eckpfeiler der Assekuranz, HZ Insurance, 03.11.21.
  • Zeit, den Gender Pension Gap zu reduzieren, HZ Insurance, 30.09.21 (mit Jörg Odermatt).
  • Die Gig Economy erfordert ein flexibleres Vorsorgesystem, Schweizer Monat, Sonderpublikation 41, 2021, S. 14-17 (mit Christoph Jänicke).
  • Kosten und Nutzen der Versicherungsvermittlung in der beruflichen Vorsorge in der Schweiz, I.VW Management Information, 4-2020 (mit Hato Schmeiser).
  • Digitalisierung und Vorsorge, I.VW Management Information, 4-2020 (mit Christoph Jaenicke).
  • Experimental Evidence on the Impact of Telematics Devices on Welfare, I.VW Management Information, 2-2020 (mit Christian Biener und Martin Lehmann).
  • Die Finanzierung steigender Pflegekosten – Ländervergleich, Reformalternativen und deren politische Umsetzbarkeit für die Schweiz, Studie, 2020, 62 Seiten (mit Dominique Engelhart und Hato Schmeiser).
  • Nutzen und Kosten der unabhängigen Versicherungsvermittlung (Versicherungsbroker) für Arbeitnehmer und Arbeitgeber in der beruflichen Vorsorge, Studie im Auftrag der SIBA, 2019, 49 Seiten (mit Hato Schmeiser).
  • Verzerrte Wahrnehmung der Cyber-Risiken, Schweizer Versicherung (mit Jessica Felber).
  • How Insurance Can Mitigate AI Risks, Brookings Policy Brief Series, Washington D.C.
  • Pflege in der Schweiz: Grosse Herausforderungen, viele Handlungsfelder, Management Informationen.
  • Zur Allokation von Reserven in der sozialen Krankenversicherung (OKP), Studie im Auftrag von santésuisse, 2019, 16 Seiten.
  • Digitalisierung und Insurtechs in der Sozialversicherung AWP Soziale Sicherheit, August 2019.
  • Pflegefinanzierung und –organisation: Die Zeit drängt, Schweizer Versicherung, Beilage «Vorsorge», September 2019.
  • The Regulatory Response to Artificial Intelligence in Healthcare, Credit Suisse Research Report, Juni 2019 (mit Martin Lehmann).
  • Die eigentliche demographische Bombe, Schweizer Versicherung, Juli 2019.
  • Die Solidarität neu definieren, Im Dialog, Heft 1, 2019.
  • AHV-Beitrag nach Kinderzahl? Schweizer Versicherung, Oktober 2018.
  • Digitalisierung in der Assekuranz: Eine Auslegeordnung, I.VW Management-Information, 2018.
  • Big Data und Versicherung: Welche Szenarien sind in der Zukunft wahrscheinlich? Schweizer Versicherung, Juli 2018.
  • Virtuelle Revolution, Schweizer Versicherung, Juli 2018, S. 10 (with Alexander Braun).
  • Sparen, Sparen, Rente wahren, Versicherungswirtschaft, 73. Jg., 2018, Nr. 1, S. 50.
  • Altersvorsorge 2020: Was nun? Schweizer Versicherung, November 2017, S. 30.
  • Gesundheitswesen und Kosteneffizienz: Die Rolle der Versicherer, Die Volkswirtschaft, Nr. 3, 2017.
  • Ten key questions on cyber risk and cyber risk insurance, Asia Insurance Review, Nr. 1, 2017 (with Werner Schnell).
  • Japan oder Argentinien?, Absolut|Report, Nr. 12, 2016.
  • Die grössten Baustellen im Gesundheitssektor, Schweizer Versicherung, September 2016.
  • Wohin führt die Digitalisierung? Schweizer Versicherung, September 2016.
  • Braucht es einen Paradigmenwechsel im Asset Management der Lebensversicherer? Versicherungswirtschaft, Juni 2016
  • Sind Cyber Risiken versicherbar? Schweizer Versicherung, Juni 2016 (with Jan Wirfs)
  • Run-off AWP Soziale Sicherheit, April 2016 (with Philipp Schaper)
  • Wo steht die Motorfahrzeugversicherung im Jahr 2030? Schweizer Versicherung, Heft 1, 2016.
  • Wie Schweizer über Versicherungen entscheiden, Schweizer Versicherung, Heft 12, 2015.
  • Konsumentenschutz neu gestalten, AWP Soziale Sicherheit, 41. Jg., 2015, Heft 10, S. 1.
  • ILS Herausforderungen und Marktchancen von Insurance-Linked Securities – Eine Befragung institutioneller In-vestoren, Absolut|Report, Nr. 9, 2015 (with Semir Ben-Ammar und Alexander Braun).
  • Insurance Linked Securities; Versicherungswirtschaft, 70. Jg., 2015, September (with Alex Braun und Semir Ben-Ammar).
  • Cyber Versicherung, Zeitschrift für Versicherungswesen, 65. Jg., 2015, Heft 9.
  • Insurance Linked Securities, Die Versicherungspraxis, 105. Jg., 2015, Heft 7, S. 37.
  • Appetit auf Katastrophenbonds steigt, 41. Jg., AWP Soziale Sicherheit, 2015, Heft 7, S. 10.
  • Neuer Markt entsteht, Schweizer Versicherung, 28. Jg., 2015, Heft 7, S. 28.
  • Cyber Risk Management, Riskmanagement-Guide 2015, 2015.
  • Japan oder Argentinien, Schweizer Versicherung, 28. Jg., 2015, Heft 4, S. 24.
  • Keeping the insurance industry in shape, Asia Insurance Review, March 2015, S. 68-69.
  • Current strategic key challenges of the insurance industry, Insurance & Finance Newsletter, 2015.
  • The Complexity Risk of Regulation: An article on the complexity of Solvency II, Proges, 2015.
  • Cyber Risiken – Risikomanagement und Versicherbarkeit, in: Mit Sicherheit voraus. 100 Jahre Familienunternehmen Kessler, Zürich, pp. 147-153.
  • Neue Möglichkeiten im Asset Management durch Infrastruktur-Investments, I.VW Management Information, 2014, Heft 4, pp. 3-5.
  • Nicht mehr – aber besser, Schweizer Versicherung, 27. Jg., 2014, Heft 7, pp. 31.
  • Zu viel Druck, zu hohe Kosten, Schweizer Versicherung, 27. Jg., 2014, Heft 7, pp. 18-21.
  • Jungrentner: Rüstig, engagiert und finanzstark, in: Cosandey, J. (Hrsg.): Generationenungerechtigkeit überwinden, NZZ Libro, Zurich, 2014, pp. 35-43.
  • Ein heisses Jahr für Alain Berset, Schweizer Versicherung, 27. Jg., 2014, Heft 2, p. 29.
  • Umverteilung von Jung nach Alt, Versicherungswirtschaft, 68. Jg., 2013, Heft 23, p. 36.
  • Die Stiftungsräte sind optimistisch, Schweizer Versicherung, 26. Jg., 2013, Heft 9, p. 30-31 (with Thomas Angehrn).
  • Risiken von Infrastruktur-Investments, Absolut|Report, Nr. 8, 2013, pp. 42-49 (with Semir Ben-Ammar).
  • Aktiver Umgang mit Run-off setzt Kapitel frei, Versicherungswirtschaft, 68 Jg., 2013, Heft 1, pp. 26-29 (with David Pankoke).
  • Risk, return and infrastructure investments: which factors matter – and which don’t? I.VW Management Information, 2013, Heft 3, p. 25-28 (with Semir Ben Ammar).
  • Neue Versicherungsmärkte – Wachstumschancen und Risiken, I.VW Management Information, 2013, Heft 3, p. 3-8 (with Christian Biener).
  • Run-off 2013: Status quo und zukünftige Bedeutung von Run-off im deutschsprachigen Nichtleben-Versicherungsmarkt, Studie (with David Pankoke).
  • Transfers stoppen – Junge entlasten, AWP Soziale Sicherheit, 2013, Heft 1, p. 10.
  • Alterssicherung im Umbrauch, Versicherungswirtschaft, 2013, Heft 1, p. 16.
  • Generationengerechtigkeit erfordert Reformen der Alterssicherung, I.VW Management Information, 2013, Heft 1, S. 21-25.
  • Bewertungsreserven neu geregelt, Wirtschaftsdienst, 2013, Heft 1, S. 5-6.
  • Demographischer Wandel, Kapitalmarktrisiken und damit verbundene Herausforderungen im Bereich der Alterssicherung, ESPRIT St. Gallen Business Review, Winter 2012, S. 32-35.
  • Höchste Zeit, für die Jungen etwas zu tun, AWP Soziale Sicherheit, 2012, Heft 23, S. 2.
  • Autocorrelation, Bias, and Fat Tails: An Analysis of Funds of Hedge Funds, in: Gregoriou, Greg N. (Hrsg.): Funds of Hedge Funds, Elsevier.
  • Performance-Analyse von Distressed-Securities-Hedgefonds, erscheint in: BAI Newsletter, Bundesverband Alternative Investments (with Georgi Bontschev).
  • Run-off in der Schaden- und Unfallversicherung, Versicherungswirtschaft, 67 Jg., 2012, Heft 17, pp. 1292-1297.
  • Emerging Markets gewinnen an Bedeutung, in: Zeitschrift für Versicherungswirtschaft, 63. Jg., 2012, Heft 4, pp. 119-122 (with C. Biener).
  • Aktuelle Herausforderungen der MCEV Bewertung, in: Versicherungswirtschaft, 67 (2) 2012 (with C. Kraus).
  • Mit Alternativen aus der Falle, Schweizer Versicherung, 25. Jg., 2012, Heft 3, S. 24-25.
  • Die Asset Management Industrie kann viel für die Assekuranz tun, Absolut|Report, Nr. 50, 2011, S. 94-98.
  • Messbar oder nicht messbar? Operationelle Risiken in der Assekuranz, in: Versicherungswirtschaft, forthcoming (with C. Hess).
  • Report on the CAS COTOR Risk Premium Project Update, in: SOA Society of Actuaries Newsletter, forthcoming (with H. Schmeiser).
  • The Role of Market Discipline in the Insurance Industry, in: Liedtke, P./Monkiewiecz, J. (Ed.): The Future of Insurance Regulation and Supervision, Vol I. Global Issues, Palgrave Macmillan, 2011, pp. 131-148.
  • Finanzielle Führung eines Versicherungsunternehmens, in: Ackermann, W./Schmeiser, H. (Ed.): Versicherungswirtschaft, VBV Lehrbuch, 2011 (with H. Schmeiser).
  • RPP II—The Risk Premium Project Update, in: Actuarial Review, 38(3), 2011 (with H. Schmeiser).
  • Mikroversicherung: Profitabilität und Wachstumschancen in Zukunftsmärkten? in: Zeitschrift für das gesamte Kreditwesen, 64(8):403-404, 2011 (with C. Biener).
  • The Risk Premium Project (RPP) Update – RPP II Report, Studie für die Casualty Actuarial Society, 2010 (with Hato Schmeiser).
  • A Comparison of Insurance Regulation in the U.S. and the European Union, in: Powell, L. S. (Ed.): Competition and the Future of Property and Casualty Insurance Markets, Washington, 2010 (with R. Klein and J. T. Schmit).
  • 12 Einträge in: Wagner, Fred (Hrsg.): Gablers Lexikon der Versicherungswirtschaft, Wiesbaden, 2009.
  • Marktdisziplin und Harmonisierung mit IFRS – Die dritte Säule von Solvency II, in: Versicherungswirtschaft, 64(9):658-660, 2009.
  • The Performance of Hedge Funds and Mutual Funds in Emerging Markets, I.VW Management Information, 2009, Heft 3, S. 45-46 (with Roger Faust).
  • Preiskampf im deutschen Kraftfahrzeugversicherungsmarkt? in: I•VW Management Information, 31(1):35-36, 2009 (with M. Luhnen).
  • Finanzkrise: Schweizer Versicherer können profitieren, in: Schweizer Versicherung, 21(12):23-25, 2008 (with H. Schmeiser).
  • Anforderungen an eine erfolgreiche Versicherungsaufsicht, in: I•VW Management Information, 30(3):23-24, 2008 (with H. Schmeiser).
  • Commodity Trading Advisors: A Review of Historical Performance, in: Fabozzi, F./Füss, Roland/Kaiser, Dieter G. (Ed.): The Handbook of Commodity Investments, Hoboken, Wiley, 626-647, 2008.
  • Limited partnership, Qualified investor, Regulation D fund, Risk arbitrage und Self selection bias, five entries in: Gregoriou, G. (Ed.): Encyclopaedia of Alternative Investments, London, Chapman & Hall, 2008.
  • Herausforderungen bei der IT-Umsetzung von Asset Liability Management, in: Versicherungswirtschaft, 63(20):1722-1725, 2008 (with H. Schmeiser, D. Toplek and M. Steger).
  • Measuring Hedge Fund Performance Using an Adjusted Modified Sharpe Ratio, in: FSR Forum, Financial Study Association, Erasmus University Rotterdam, 10(1):7-11, 2007.
  • Asset Liability Management in der deutschsprachigen Assekuranz, 64 Seiten, Studie I.VW HSG/Solution Providers AG, St. Gallen/Dübendorf, 2007 (with S. Schuckmann and D. Toplek).
  • Asset Liability Management – Ein Methodenüberblick, in: I•VW Management Information, 29(4):11-15, 2007 (with T. Parnitzke).
  • Asset Liability Management: Ergebnisse einer Studie in der deutschsprachigen Assekuranz, in: I•VW Management Information, 29(4):17-21, 2007 (with D. Toplek and M. Steger).
  • A Management Rule of Thumb in Property-Liability Insurance, in: Waldmann, K.-H./Stocker, U. (Ed.): Operations Research Proceedings 2006, Berlin/Heidelberg/New York, Springer: 281-286 (with T. Parnitzke and H. Schmeiser).
  • Gibt es Persistenz in der Performance von Hedgefonds? in: BAI Newsletter, Bundesverband Alternative Investments, 6(3):32-38, 2007.
  • Schweiz vs. Deutschland: Zwei Krankenversicherungssysteme im Vergleich, in: Schweizer Versicherung, 20(4):8-13, 2007 (with T. Parnitzke).
  • Swiss Solvency Test und Solvency II: Zwei Reformprozesse auf unterschiedlichen Wegen? in: I•VW Management Information, 28(4):3-6, 2006 (with H. Schmeiser and S. Schuckmann).
  • Hedgefonds im Asset Management der Schweizer Versicherer, in: Schweizer Versicherung, 19(10):16-19, 2006.
  • Die Bestimmung der Solvabilität mit der Dynamischen Finanzanalyse, in: Zeitschrift für Versicherungswesen, 57(18):569-572, 2006 (with T. Parnitzke).
  • Performancemessung von Hedgefonds im Portfoliokontext, in: Busack, Michael/Kaiser, Dieter G. (Ed.): Handbuch Alternative Investments, Wiesbaden, Gabler, 601-618, 2006 (with F. Schuhmacher).
  • Versicherungsaufsicht unter Solvency II: Zwei Phasen, drei Säulen und zwei Stufen, in: Zeitschrift für das gesamte Kreditwesen, 59(15):768-770, 2006 (with H. Schmeiser).
  • Performance Measurement of Hedge Fund Indices – Does the Measure Matter? in: Haasis, Hans-Dietrich/Kopfer, Herbert/Schönberger, Jörn (Ed.): Operations Research Proceedings 2005, Berlin/Heidelberg/New York, Springer, 205-210, 2006 (with F. Schuhmacher).
  • Der Markt für Hedgefonds in Deutschland – Erfahrungen zwei Jahre nach Einführung des Investmentmodernisierungsgesetzes, in: Zeitschrift für das gesamte Kreditwesen, 59(11):561-563, 2006.
  • Dynamische Finanzanalyse: Das Solvabilitätsmodell und die mathematische Steuerung, in: Versicherungswirtschaft, 61(6):461-464, 2006 (with T. Parnitzke).
  • Sind Hedgefonds für die Kapitalanlage deutscher Versicherer geeignet? in: BAI Newsletter, Bundesverband Alternative Investments, 5(1):41-47, 2006.
  • Deckungsbeitragsrechnung und ganzzahlige Programmierung, in: WiSt – Wirtschaftswissenschaftliches Studium, 34(12):709-716, 2005 (with A. Rohleder).
  • Die Sharpe-Ratio oder ein alternatives Performancemaß? in: Absolut|Report, 29:36-43, 2005 (with F. Schuhmacher).
  • Hedgefonds, in: WiSt – Wirtschaftswissenschaftliches Studium, 33(7):424-426, 2004 (with C. Erner).

  • ACM Transactions on Management Information Systems
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Selected Presentations

  • NTU Singapore, 10/2024 (invited speaker)
  • International Actuarial Association, 02/2024 (invited speaker)
  • MIT/US Federal Reserve Conference on Cyber Risk, Boston, 01/2024 (invited speaker)
  • International Seminar on Insurance, London, 01/2024
  • Seminar, Peking University, 11/2023
  • Seminar of the European Group of Risk and Insurance Economists (EGRIE), Malaga, 09/2023
  • American Risk & Insurance Association, Annual Meeting, Washington 08/2023
  • Seminar Universität Hannover, 07/2023
  • Western Risk & Insurance Association, Annual Meeting, 01/2023
  • Sorbonne University, Paris, 09/2022 (invited seminar)
  • MIT/US Federal Reserve Conference on Cyber Risk Metrics, Boston, 09/2022 (invited speaker)
  • EAJ Conference, Tallin, 08/2022 (invited keynote speaker)
  • American Risk & Insurance Association, Annual Meeting, 08/2022
  • ENISA Cybersecurity Research and Innovation Needs and Priorities Roundtable (Invited Expert), 07/2022
  • Seminar, University of Iowa, 03/2022
  • Seminar, University of St. Petersburg, 03/2022
  • Seminar on Risk, Insurance and Uncertainty, Peking University, 12/2021
  • Seminar ESSEC Business School, Paris, 10/2021
  • IME Conference, Zoom, 07/2021
  • Seminar, Sorbonne University Paris (Zoom), 12/2020
  • Actuarial Research Conference 2020, Lincoln / Online, 08/2020
  • World Risk and Insurance Congress, New York / Online, 08/2020
  • Information Security Proseminar, University of Innsbruck, 11/2019
  • WHO-WTO-WIPO Symposium “Cutting Edge Health Technologies, Genf, 10/2019
  • American Risk & Insurance Association (APRIA), Annual Meeting, San Francisco, 08/2019
  • Annual Conference of the German Association for Insurance Research 2019, Berlin, 03/2019
  • CEPAR Seminar, Sydney, 12/18
  • American Risk & Insurance Association, Annual Meeting, Chicago, 08/2018
  • Jahrestagung des Deutschen Vereins für Versicherungswissenschaft, Munich, 03/2018
  • American Risk & Insurance Association, Annual Meeting, Toronto, 08/2017
  • Jahrestagung des Deutschen Vereins für Versicherungswissenschaft, Berlin, 03/2017
  • 41. Mannheimer Versicherungswissenschaftliche Jahrestagung, University of Mannheim 02/2017CRO Assembly, Munich Re, Munich, 11/2016
  • Cyber Risk für KMU, Kundenanlass, Kessler und Co, Bern, 11/2016
  • Podium Altersvorsorge 2020, Helvetia Kundenanlass, Solothurn, 11/2016
  • Podium St. Galler Tagblatt, St.Gallen, 08/2016
  • EIOPA Conference Frankfurt, 10/2016
  • American Risk & Insurance Association, Annual Meeting 2016, Boston, 8/2016
  • Symposium Big Data und Digitalisierung, Münster, 6/2016
  • Podium Kapitalanlagetag der Süddeutschen Zeitung, Munich, 4/2016
  • Jahrestagung des Deutschen Vereins für Versicherungswirtschaft (DVfVW), Vienna, 3/2016
  • Öffentliche Vorlesung zu „Generationenvertrag und Generationengerechtigkeit“, St.Gallen, 3/2016
  • Rückversicherungsforum, Swiss Insurance Assoziation, Zurich, 12/2015
  • Podium Altersvorsorge 2020, Helvetia Kundenanlass, Gossau, 11/2015
  • Eidgenössisches Finanzdepartement EFD, Bern, 10/2015
  • Tag der Versicherungswirtschaft, Swiss Insurance Assoziation, Zurich, 10/2015
  • World Risk and Insurance Economics Congress (WRIEC), Munich, 8/2015
  • Helvetia Academy of Excellence, Pfäffikon, 6/2015
  • PROGRES Seminar, Basel, 2/2015
  • Cyber Risk für KMU, Kundenanlass, Kesser und Co, St.Gallen, 11/2014
  • Geneva Association, Insurance & Finance Seminar, London, 11/2014
  • Kapitalmarktforum Schweiz, Zürich, 10/2014
  • Eidgenössische Finanzmarktaufsicht (FINMA), Bern, 10/2014
  • 41. Seminar of the European Group of Risk and Insurance Economists (EGRIE), St.Gallen 9/2014
  • IIS 50th Annual Seminar, London, 06/2014
  • IAA Meeting, Washington, D.C., 04/2014
  • American Risk & Insurance Association, Annual Meeting, Washington, D.C., 08/2013
  • Research Seminar, University of Malaga, 04/2012
  • Mathematical and Statistical Methods for Actuarial Sciences and Finance (MAF) 2012, Venice, 04/2012
  • Institutional Money und VVO Tagung “Asset Management unter Solvency II”, Vienna, 09/2011
  • American Risk & Insurance Association, Annual Meeting, San Diego, 08/2011
  • Int. Tagung des Deutschen Vereins für Versicherungswissenschaft, Berlin, 03/2013
  • Partnering for Global Impact, Panel Discussion, Lugano, 07/2012
  • EDHEC-ICFR Conference on “Enterprise Risk Management and Corporate Governance for Insurance Firms”, Roubaix, 05/2011
  • Int. Tagung des Deutschen Vereins für Versicherungswissenschaft, Berlin, 03/2011
  • Research Conference „Recent Advances in Efficiency Measurement in the Insurance Industry”, Ulm, 02/2011
  • Seminar der Finanzmarktaufsicht des Fürstentums Liechtenstein, 01/2011
  • Research Seminar, Department of Economy Theory and Economic History, University of Malaga, 12/2010
  • Casualty Actuarial Society, Annual Meeting, Washington, 11/2010
  • World Risk and Insurance Economics Congress (WRIEC), Singapore, 17/2010
  • Economic Risk Seminar, SFB 649: Ökonomisches Risiko, Humboldt-Universität zu Berlin
  • 15. Versicherungswissenschaftliches Fachgespräch, Berlin, 07/2010
  • Eidgenössische Finanzmarktaufsicht (FINMA), Bern, 06/2010
  • Financial Management Association, plenary session „Skewed Distributions in Finance and Actuarial Science”, Hamburg, 06/2010
  • Casualty Actuarial Society, Spring Meeting, San Diego, CA, 05/2010
  • 8. Workshop der GOR-Arbeitsgruppe “Finanzwirtschaft und Finanzinstitutionen”, St.Gallen, 05/2010
  • Graduiertenkolleg 1100, University of Ulm, 04/2010
  • 26th PROGRES International Seminar, Montreux, 04/2010
  • Mathematical and Statistical Methods for Actuarial Sciences and Finance (MAF) 2010, Ravello, 04/2010
  • Int. Tagung des Deutschen Vereins für Versicherungswissenschaft, Düsseldorf, 03/2010
  • Research Seminar „Downside Risk Measures“, University of Minho, Braga, 02/2010
  • 5th International Microinsurance Conference, Dakar, 11/2009
  • Int. Konferenz zu Solvency II, Gesamtverband der deutschen Versicherungswirtschaft, Berlin, 11/2009
  • AFIR/LIFE Colloquium, Munich, 09/2009
  • American Risk & Insurance Association, Annual Meeting, Providence, RI, 08/2009
  • Research Seminar Recent Developments in Flexible Distributions, University of Sannio, 03/2009
  • Int. Tagung des Deutschen Vereins für Versicherungswissenschaft, Berlin, 03/2009
  • Research Seminar New Tools for Quantitative Finance from Distribution Theory, University of Padua, 09/2008
  • American Risk & Insurance Association, Annual Meeting, Portland, OR, 08/2008
  • Journal of Banking & Finance Conference on Performance Measurement in the Financial Services Sector, Imperial College, London, 07/2008
  • Research Seminar in Actuarial Science, Risk Management & Insurance, University of Wisconsin, Madison, WI, 01/2008
  • 14. Jahrestagung der Deutschen Gesellschaft für Finanzwirtschaft, Dresden, 09/2007
  • IRC Conference on Hedge Fund Replication and Alternative Beta, Geneva, 09/2007
  • European Journal of Finance and Warwick Business School Conference on Copulae and Multivariate Probability Distributions in Finance, Coventry, 09/2007
  • American Risk & Insurance Association, Annual Meeting, Quebec, 08/2007
  • 11th Int. Congress on Insurance: Mathematics and Economics, Piräus, 06/2007
  • European Financial Management Association, 16th Annual Meeting, Vienna, 06/2007
  • 37th ASTIN Colloquium, Orlando, FL, 06/2007
  • Swiss Society of Economics and Statistics, Annual Meeting, St.Gallen, 05/2007
  • Int. Tagung des Deutschen Vereins für Versicherungswissenschaft, Stuttgart, 03/2007
  • Verleihung Acatis-Value-Preis 2006, Darmstadt, 09/2006
  • Operations Research 2006, Karlsruhe, 09/2006
  • American Risk & Insurance Association, Annual Meeting, Washington, DC, 08/2006
  • Financial Management Association, European Conference, Stockholm, 06/2006
  • Research Workshop on Portfolio Performance Evaluation and Asset Management, Madrid, 05/2006
  • 6. Workshop der GOR-Arbeitsgruppe “Finanzwirtschaft und Finanzinstitutionen”, Ingolstadt, 05/2006
  • 9th Conference of the Swiss Society for Financial Market Research, Zurich, 04/2006
  • 10th Symposium on Finance, Banking, and Insurance, Karlsruhe, 12/2005
  • Versicherungsforen, Leipzig, 09/2005
  • Operations Research 2005, Bremen, 09/2005
  • Int. Tagung des Deutschen Vereins für Versicherungswissenschaft, Berlin, 05/2005
  • 5. Workshop der GOR-Arbeitsgruppe “Finanzwirtschaft und Finanzinstitutionen”, St.Gallen, 04/2005

  • Covid-19 Losses in the Insurance Industry and Beyond, (Projektförderung im Wissenschaftsförderungsprogramm des Deutschen Vereins für Versicherungswissenschaft e.V.), 2021-2022 (mit A. Braun)
  • Automation of Cyber Risk Insurance Claims Payments, Innosuisse application 40370.1 INNO-ICT, 2020, (mit A. Braun)
  • Modelling and Management of Cyber Risk, Swiss National Science Foundation (SNSF), 2018-2020
  • Implicit Constraints, Incentives, and Systemic Risk Imposed by New Standards for Insurance Regulation, Swiss National Science Foundation (SNSF); with Hato Schmeiser and Nadine Gatzert
  • Experimental Studies in Microinsurance Markets, Swiss National Science Foundation (SNSF)
  • Productivity and Efficiency in the Swiss Insurance Industry, Basic Research Fund of the University of St.Gallen
  • Modellierung, Analyse und Simulation in der Wirtschaftsmathematik, Member of the DFG research training group (Graduiertenkolleg) 1100
  • Bewertung und Risikomodellierung in der privaten Krankenversicherung, German Insurance Science Association, with Marcus Christiansen.
  • Regulation in the Financial Services Industry after the Crisis, Lead Agency Procedure, German Research Foundation (DFG) and Swiss National Science Foundation (SNSF), with Hato Schmeiser.
  • Microinsurance and Efficiency in the Insurance Industry, German Research Foundation (DFG).
  • Developing New Risk-Based Capital Standards Across Europe, Swiss National Science Foundation (SNSF), with Hato Schmeiser.
  • Wealth and Risk
  • Implementing Dynamic Financial Analysis, Basic Research Fund of the University of St.Gallen, with Hato Schmeiser and Thomas Parnitzke)
  • Freyschmidt Marcel e1698140328536

    M.Sc. Marcel Freyschmidt

    Research Associate
  • yang liu scaled e1698140100436

    M.A. Yang Liu

    Research Associate
  • Ning Dingchen

    M.A. Dingchen Ning

    Research Associate
  • WalterJakob e1679318626755

    M.Sc. Jakob Walter

    Research Associate