The Actuarial Science, Risk Management & Insurance department provides students with innovative educational opportunities, both inside and outside the classroom, to prepare them for success in an increasingly risky world.  Students respond well to our innovative approach to education, which includes applied learning seminars and projects, leadership opportunities, and a variety of supplemental learning opportunities for students, including:

The department works hard to continuously improve the insurance field by contributing cutting-edge and relevant research, building bridges with industry, and instilling success in our students.  We are a nationally recognized Center of Actuarial Excellence and have received grants to support a variety of industry-related research topics and the introduction of our TEL Initiative.

The department faculty’s area of research includes: actuarial science, risk management, insurance, microinsurance, insurance regulation, behavioral finance, decision making, regression and business forecasting, health care fiscal management, health services management, economic development, economic theory, statistics, and more. 

From the very beginning, our graduates have become innovators and leaders within the industry. Over the years, the industry has responded with increased support of our department, allowing more diversity in course offerings and student support. Read more about the rich history of Actuarial Science and Risk Management & Insurance at the Wisconsin School of Business.

Mission

We cultivate and disseminate ideas through research and educational programs in areas relating to strategic risk management, decision-making under uncertainty, business analytics, and actuarial science. These activities both inform business and public policy decision-making and propel the delivery of highly valued applied educational programs.

Vision

We are globally recognized as thought leaders in domains relating to the strategic management of risk, business analytics, actuarial science, and insurance. Through the excellence of our scholarship and the quality of our educational programs, we positively influence our profession as well as the lives of our students, alumni, and those whom they touch.

Values

We value knowledge. We have a passion for learning and strive for excellence in knowledge creation. We aspire to be a critical component of the circle of knowledge, both learning from and sharing with academic peers, industry experts, and students in our program.

We value excellence. We have a reputation for excellence in everything we do and regularly seek out opportunities for greatness and distinction.
We value leadership. We are known worldwide as innovative thought leaders in our field and we instill leadership skills and values to others in the classroom and beyond.
We value connections. We believe in service to our students, industry, the community, and alumni, and we excel in fostering open lines of communication with and among them.