Workers expect their defined contribution plans to play a greater role in their retirement income than annuities.
Philadelphia, PA (PRWEB) May 21, 2012
The Wharton School of the University of Pennsylvania announced today that it has established a new Wharton/Penn Risk and Insurance Program (WPRIP). The Program’s goal is to promote and disseminate cutting-edge research on risk and insurance at the University of Pennsylvania.
Drawing on the University of Pennsylvania’s world-class faculty, students, and partners, WPRIP will promote interdisciplinary examinations of theoretical, empirical, domestic, and global topics in the risk management and insurance arena. Topics of interest include corporate, household, and government risk management; property/casualty risk and insurance; health and longevity risk management; pensions, life, and health insurance; the management and financing of extreme events; and legal/regulatory aspects of risk and insurance.
“In recent years the world has faced financial, meteorological, and health related crises of historic proportions, underscoring the need for a deeper insurance and risk management knowledge base,” said Scott Harrington, WPRIP Academic Director and Wharton Professor of Health Care Management and Insurance and Risk Management. “Our goal is to provide new insights that will prove valuable to policy makers, consumers, and insurance and risk management professionals alike.”
The Wharton School has established WPRIP in conjunction with the University of Pennsylvania’s Law School and the University’s Leonard Davis Institute of Health Economics allowing, as never before, the numerous centers and groups at Penn with a risk and insurance mission to better leverage one another’s capabilities. In this way WPRIP will extend synergies with the Pension Research Council/Boettner Center; the Risk Management and Decision Process Center; the Leonard Davis Institute; and other centers as appropriate. The Program’s activities will include a working paper series, workshops and conferences, funded research, and periodic research briefs and white papers. It is also anticipated that, with additional funding, the Program will establish a Fellows program, provide support for student research, and expand the University’s research reach in risk and insurance.
The WPRIP Steering Committee includes Tom Baker, Neil Doherty, Scott Harrington, Howard Kunreuther, Jean Lemaire, Olivia S. Mitchell, Kent Smetters, and Mark Pauly.
About the Wharton School of the University of Pennsylvania
Founded in 1881 as the first collegiate business school, the Wharton School of the University of Pennsylvania is recognized globally for intellectual leadership and ongoing innovation across every major discipline of business education. With a broad global community and one of the most published business school faculties, Wharton creates ongoing economic and social value around the world. The School has 5,000 undergraduate, MBA, executive MBA, and doctoral students; more than 9,000 annual participants in executive education programs; and a powerful alumni network of 88,000 graduates.
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