W. Jean Kwon, Ph.D., CPCU

Ph.D. (Risk Management & Insurance), Georgia State University

MBA (Risk Management & Insurance), The College of Insurance

Chartered Property Casualty Underwriter (CPCU)

 

*        The Edwin A.G. Manton Endowed Chair Professor in International Insurance and Risk Management, The School of Risk Management, St. John's University, New York

*        Director, the Center for the Study of Insurance Regulation, St. John's University

*        Board Member and Director of Research, International Insurance Society

*        Member, Bipartisan Task Force on Innovation in Financing Flood Risk, U.S. Congress

*        Fulbright Senior Specialist (Insurance)

 

*        International Advisory Board, Singapore College of Insurance

*        External Consultant (Insurance), OECD

*        Senior Fellow, Networks Financial Institute, Indiana State University

*        Advisory Board, the Center for Insurance Culture Studies, Korea

*        Research Fellow, Insurance Institute of Waseda University, Japan

*        Technical Committee, Financial Accreditation Agency, Malaysia

*        Academic Advisor, International Insurance Foundation

*        Editorial Board, The Geneva Papers on Risk and Insurance

*        Editorial Board, Korean Insurance Journal by the Korea Insurance Academic Society

*        Editorial Board, The Journal of Risk Management and Insurance (India)

*        External Examiner – Ph.D. Program, selected universities

*        Past President, Asia-Pacific Risk and Insurance Association (APRIA)

*        Organization Committee, World Risk and Insurance Economics Congress 2005 & 2010

 

 

Professor Kwon studied risk management and insurance at The College of Insurance (now the School of Risk Management (SRM) of St. John’s University) (MBA) and Georgia State University (Ph.D.). He is also a Chartered Property Casualty Underwriter (CPCU) and has been listed in the Fulbright Senior Specialist Pool. Prior to joining the School of Risk Management in 2002, he gained experience as an educator with Georgia State University and Nanyang Technological University (Singapore), as an insurance regulator with Monetary Authority of Singapore and as an industry specialist with the Institutes (formerly, American Institute for CPCU/IIA).

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Besides his full-time commitment as the Edwin A.G. Manton Endowed Chair Professorship in International Insurance and Risk Management at the SRM, he works for the International Insurance Society and St. John’s University’s Center for the Study of Insurance Regulation. He visits overseas universities and institutions.

 

He has authored several books. Particularly, his co-authored (with Harold D. Skipper, Jr.), Kulp-Wright Award winning book – Risk Management and Insurance: Perspectives in a Global Economy by Wiley/Blackwell (New York, Boston & London) – has been used in 40 institutions in about 15 countries. He actively publishes papers in academic and professional journals, presents key research findings at various conferences and offers services to several academic journals (including, the Geneva Papers on Risk and Insurance, Korean Insurance Journal, and formerly as editor of the Asia-Pacific Journal of Risk and Insurance). He has received three times the Research Excellence Award of the International Insurance Society and The Geneva Association, a record for a single author.

 

He helped to establish the Asia-Pacific Risk and Insurance Association (APRIA) in 1997 and create the World Risk and Insurance Economics Congress (WRIEC), a once-in-five year academic forum jointly organized by APRIA, ARIA, EGRIE and The Geneva Association. Professor Kwon organized WRIEC’s inaugural 2005 Salt Lake City meeting and the 2010 Singapore meeting.

 

He offers consulting and research services as well as custom-made symposia for C-suite and board members for institutions in the public and private sectors in the U.S. and abroad (including the OECD, the U.S. Congress, Singapore College of Insurance and the International Insurance Society). He specializes in insurance market and country analysis, insurer financial and operation analysis, and insurance regulation.

 

 

Book Publication

*        Economic Rationale for Insurance Regulation, Chapter 2 in Patrick Liedtke and Jan Monkiewicz (eds.) The Fundamentals of Future Insurance Regulation and Supervision. A Global Perspective, April 2011: Palgrave MacMillan.

*        Risk Management and Insurance: Perspectives in a Global Economy, Boston: John Wiley-Blackwell Publishing, 2007

*        Risk Management, Insurance, and Retirement Planning, Singapore: Singapore College of Insurance  (edited).

*        WTO and Insurance in Greater China: PR China, Hong Kong, Macau, and Taiwan, Washington, D.C.: International Insurance Foundation, 2002.

*        The Insurance Markets of South Asia, Washington, D.C.: International Insurance Foundation, 2002.

*        Toward Free Trade in Services: the ASEAN Insurance Market, Washington, D.C.: International Insurance Foundation, 2001.

*        Risk Management and Insurance in Singapore, Singapore: Singapore College of Insurance, 2000.

*        Financial Planning Fundamentals, Singapore: Singapore College of Insurance, 2000.

*        Acquisition of New Life and Health Insurance Business, Singapore: Singapore College of Insurance, 1999.

 

 

Journal and Other Publication (Selected)

*        Collegiate Education in Risk Management and Insurance Globally: Past, Present and Future,” (2015) published by multiple organizations and available in English, Chinese, French, Spanish and Russian (full report) and several other languages (executive summary).

*        China’s Risk Oriented Solvency System (C-ROSS): Insurance Operations in China and Abroad (2014), Swiss Re’s Center for Global Dialogue in English and Chinese.

*        “An Analysis of Cost Efficiency and the Impact of Corporate Governance on Takaful Insurance Operations,” International Review of Financial Analysis (January, 2014).

*        “Human Capital Risk and Talent Management Issues in the Insurance Market: Public Policy, Industry and Collegiate Education Perspectives.” The Geneva Paper-Issues and Practice (June 2013 and January 2014).

o    Excerpts and updates published in Best Review (July 2013), Asia Insurance Review (August 2013), Newsworld Korea (June 2013) and Geneva Association Newsletter on Insurance Economics (January 2014).

*        OECD Global Insurance Statistics, OECD-ASSAL Seminar (September 2013).

*        “The Significance of Regulatory Orientation, Political Stability and Culture on Consumption and Price Adequacy in Insurance Markets,” Journal of Risk Finance (Volume 4, 2013).

*        “An Experimental Study on Adverse Selection and Moral Hazard,” Hitotsubashi Journal of Commerce and Management (2012).

*        A Stocktaking and Comparative Assessment of Insurance Statistics in Selected Asian Countries,” an OECD Working Paper.

*        Repositioning US Insurer Operations and Regulation in the Global Market: A Timeline-based Examination,” Networks Financial Institute at Washington, D.C. (to be available in March).

*        History of Insurance, Market Development and Regulation in Seven Least Developed Countries in Asia: Afghanistan, Bangladesh, Bhutan, Cambodia, Laos, Myanmar and Nepal,” Asia-Pacific Risk and Insurance Journal, 5(1), 2011.

 

 

Services to Government and the Industry (Selected)

*        Bipartisan Task Force on Innovation in Financing Flood Risk, U.S. Congress (2013~).

*        OECD (Insurance and Pensions), Insurance Data and Statistics Issue in OECD and non-OECD countries.

o    First round – 17 Asia-Pacific countries (2010~2014).

o    Second round – 21 Central and Latin American countries (2013~2014).

*        “The Train is Coming: How Will International Regulation Preempt U.S. Authority?” National Conference of Insurance Legislators’ (NCOIL) Annual Conference, November 17-20, 2011, Santa Fe, New Mexico.

*        “Measure of Risks and Insurance Data Issues,” OECD-Asia Regional Seminar: Enhancing Transparency and Monitoring of Insurance Markets, September 23-24, 2010, Kuala Lumpur, Malaysia

*        “Regulatory Development in Counter-cyclical Regulation and Systemic Risk,” Seventh Swiss Re Asia Forum, St. Regis, Singapore, July 22-23, 2010.

 

Lectures and Speeches (Selected)

*        “The C-ROSS: Insurance Operations in China and Abroad,” Swiss Re Roundtable, Zurich, December 1, 2014.

*        “Human Capital Risk and Management in ASEAN Markets,” ASEAN Insurance Summit, Singapore, October 1, 2014.

*        “Riding with Low Interest Environments,” Third Conference on Global Insurance Supervision, Frankfurt, September 9-10, 2014.

*        “Developing Issues in Insurance Regulation Globally,” 18th Annual Conference of Asia-Pacific Risk and Insurance Association, Moscow, July 28-31, 2014.

*        “Public Disclosure of Insurance Data,” XXV Annual ASSAL General Meeting and XV Insurance Regulation and Supervision in Latin America and IAIS-ASSAL, Asunción, Paraguay, April 21-24, 2014.

*         “Insurance Data: Needs, Sources and Issues,” OECD Roundtable: Monitoring and Transparency of the Insurance Sector, Paris, December 5, 2013.

*        “Profitability of Insurance Company: International Evidence Focused on OECD Countries,” 17th Annual Conference of Asia-Pacific Risk and Insurance Association, New York, U.S. July 28-31, 2013.

*         “Nonlife Insurance Industry’s Responses to Natural Hazards – Japan and Thailand,” International Insurance Society Annual Meeting, Rio de Janeiro, Brazil, June 17-20, 2012.

*         “Repositioning U.S. Insurer Operations and Regulation in the Global Market: A Timeline-based Examination,” Networks Financial Institute at Washington, D.C., March 21, 2012.

*         “Paradigm Shift to New Risk Management Strategies in the Midst of Global Changes,” 15th Annual Conference of Asia-Pacific Risk and Insurance Association, Tokyo, Japan, July 31- August 3, 2011.

*         “The Impact of Regulatory Agency Structure and Measures on Consumption and Price Adequacy in Insurance Markets: A Cross-Country Study,” Enterprise Risk Management and Corporate Governance for Insurance Firms, EDHEC Business School – Lille, March 17, 2011.

*         “Microinsurance: Its Development Globally,” Linking Microfinance with Microinsurance, MFCNY and ACCION USA, April 6, 2011.

*         “History of Insurance, Market Development and Regulation in Seven Least Developed Countries in Asia: Afghanistan, Bangladesh, Bhutan, Cambodia, Laos, Myanmar and Nepal, ” Second World Risk and Insurance Economics Congress, Singapore, July 25-29, 2010.

*        “Future of Risk Management in a Global Setting,” Asia-Pacific Risk and Insurance Association & Singapore College of Insurance Distinguished Professor Lecture Series, July 26, 2010, Singapore.

*         “Catastrophe Risk Management” and “Enterprise Risk Management: Foundations and Applications,” 2009-2010 Insurance Executive Scholarship Program, Singapore: Singapore College of Insurance, June 8, 2010.

 

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