By: Etti Baranoff, Patrick Lee Brockett and Yehuda Kahane
Patrick Lee Brockett
Dr. Patrick Brockett is the Director of the Risk Management and Insurance Program and holder of the Gus S. Wortham Memorial Chair in Risk Management and Insurance in McCombs School of Business at The University of Texas at Austin where he teaches full time in risk management and insurance.
holds joint appointments as a Professor in the departments of Finance, Mathematics, and Information, Risk and Operations Research.
He is a past President of The American Risk and Insurance Association.
In addition he is the former Director of the Actuarial Science Program and former Director of the Center for Cybernetic Studies in the Graduate School of Business.
He is a Fellow of the Institute of Mathematical Statistics, the American Statistical Association, the Royal Statistical Society, the American Association for the Advancement of Science, the Institute for Risk Management and an Elected Member of the International Statistical Institute.
He is also a member of the Western Risk and Insurance Association, the International Actuarial Association (ASTIN section), and the Casualty Actuarial Society (Academic Corresponding Member).
Besides refereeing for numerous academic journals, he
has published two books and over 125 journal articles.
He is a former Editor of the Journal of Risk and Insurance, and is a member of the Honorary Advisory Board Member for the North American Actuarial Journal.
articles in risk management and insurance have won several awards from the American Risk and Insurance Association
(for Best Feature Article and for Best Communication Article) and from the American Statistical Association
(for the Most Outstanding Statistical Application paper), the Society of Actuaries
(The Halmstad Prize for the most outstanding English language publication in actuarial science in the world), from the International Insurance Society
(best paper award) from the Casualty Actuarial Society
(for best paper on Casualty actuarial topics publish in an ARIA journal) and from the Faculty of Actuaries of Scotland and the Institute of Actuaries
in England (Brian Heys International Competition, 2nd Prize) . He
has won teaching awards from the American Risk and Insurance Association
and the Graduate School at The University of Texas
research interests include formal and theoretical works on risk management topics as well as non-theoretical institutional or qualitative investigations into insurance contracts, ethics, and economics.
He has served as an expert consultant to regulatory bodies, law firms, and businesses.
Patrick L. Brockett received his Bachelor of Arts degree. in Mathematics from California State University, Long Beach, and his M.A. and Ph.D., in Mathematics from the University of California, Irvine.