Journal of Risk and Insurance
Published on behalf of the American Risk and Insurance Association
Edited by:
Georges Dionne, HEC Montréal
ISI Journal Citation Reports® Ranking: 2008: 21/48 Business, Finance; 83/209 Economics
Impact Factor: 0.914
The Journal of Risk and Insurance is the flagship journal for the American Risk and Insurance Association. The JRI is the most well recognized academic risk management and insurance journal in the world and is currently indexed by the American Economic Association's Economic Literature Index, the Finance Literature Index, the Social Sciences Citation Index, ABI/Inform, Business and Company ASAP, Lexis-Nexis, Dow Jones Interactive, and others. All back issues, i.e., 1933-2001, are now available on JSTOR.
The Journal of Risk and Insurance publishes rigorous, original research in insurance and risk management. This includes the following areas of specialization:
1. Industrial organization of insurance markets;
2. Management of risks in the private and public sectors;
3. Insurance finance, financial pricing, financial management;
4. Economics of employee benefits, pension plans, and social insurance;
5. Utility theory and demand for insurance;
6. Asymmetric information, moral hazard, and adverse selection;
7. Insurance regulation;
8. Econometric, actuarial, and statistical methodology;
9. Economics of insurance institutions;
10. Insurance cycles and economic cycles of insurance markets;
Both theoretical and empirical submissions are encouraged. Empirical work must provide tests of hypotheses based on sound theoretical foundations.
TopNews and Announcements
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TopHighlights
The Robert C. Witt Award
The Robert C. Witt Award is present each year for the article published the previous calendar year in The Journal of Risk and Insurance, judged to be the best by an independent committee of experts.
Recent winners include:
• 2009: Natural Disaster Insurance and the Equity-Efficiency Trade-off by Pierre Picard, Vol. 75, No.1, pp. 17-38
• 2008: 'Risk Management, Capital Budgeting, and Capital Structure for Insurers and Reinsurers' by Kenneth Froot, Vol 74, No. 2, pp. 273-299
• 2007: "Can Bonus-Malus Alleviate Insurance Fraud?" by Ignacio Moreno, Francisco Vazquez, and Richard Watt, Vol. 73, No. 1, pp. 123-151.
• 2006 (tie): "Deterring Fraud: The Role of General Damage Awards in Automobile Insurance Settlements" by David S. Loughran, Vol. 72, No. 4, pp. 551-575.
• 2005: "A Comparison of HMO Efficiencies as a Function of Provider Autonomy" by Patrick L. Brockett, Ray E. Chang, John J. Rouseeau, John H. Semple, Chuanhou Yang, Vol. 71, No. 1, pp 1-19.
• 2004: "Fixed Reimbursement Insurance: Basic Properties & Comparative Statics" by Louis Eeckhoudt, Olivier Mahul, and John Moran, Vol. 70, No. 2, pp. 207-218.
• 2003: "The Cost of Pension Insurance" by Steven Boyce and Richard Ippolito, vol. 69, no. 2, pp. 121-170.
The Robert I. Mehr Award
The Robert I. Mehr Award is given annually for The Journal of Risk and Insurance article that has best stood the test of time (Recognize a literature contribution having a ten-year impact in the field of risk and insurance)
Recipients of the Robert I. Mehr Award include:
• 2009: Regulatory Solvency Prediction in Property-Liability Insurance: Risk-Based Capital, Audit Ratios, and Cash Flow Simulation by J. David Cummins, Martin Grace, Richard Phillips, Vol. 66, No. 3, pp. 417-458
• 2008: 'Financial Pricing of Insurance in the Multiple-Line Insurance Company' by Richard Phillips, J. David Cummins, and Franklin Allen, Vol. 65, No. 4, pp. 597-636
• 2007: "Catastrophe Insurance, Capital Markets, and Uninsurable Risks" by Dwight Jaffe and Thomas Russell, Vol. 64, No. 2, pp. 205-230.
• 2006: ' The Impact of Firm Risk on Property-Liability Insurance Prices' by David W. Sommer, Vol. 63, No. 3, pp. 501-514.
• 2005: 'Fuzzy Techniques of Pattern Recognition in Risk and Claim Classification' by Richard A. Derrig and Krzysztof M. Ostaszewski, Vol. 62, No. 3, pp. 447-482.
• 2004: (co-winner) 'A Neural Network Method for Obtaining an Early Warning of Insurer Insolvency' by Patrick Brockett, William Cooper, Linda Golden, and Utai Pitaktong, Vol. 61, No. 3, pp. 402-424.
• 2004: (co-winner) 'Economic Determinants of Workers Compensation Trends' by Richard Butler, Vol. 61, No. 3, pp. 383-401.
• 2004: (co-winner) 'Managerial Discretion, Regulation and Stock Insurer Ownership Structure' by David Mayers and Clifford Smith, Jr., Vol. 61, No. 4, pp. 638-655.
• 2003: (co-winner) 'The Stochastic Dominance of No-Fault Automobile Insurance' by J. David Cummins and Mary Weiss, Vol. 60, No. 2, pp. 230-264.
• 2003: (co-winner) 'The Underinvestment Problem: Bond Covenants and Insurance' by James R. Garven and Richard D. MacMinn, Vol. 60, No. 4, pp. 635-646.
• 2002: 'Identifying Financial Distress in the Insurance Industry: A Synthesis of Methodological and Empirical Issues' by Ran BarNiv and James B. McDonald, Vol. 59, No. 4, Symposium on Insurance Futures, pp. 543-573
