Vitae of Dr. Etti Baranoff
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Dr. Etti Baranoff, FLMI www.professorofinsurance.com |
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Associate Professor of Insurance and Finance Virginia Commonwealth University School of Business
Snead Hall, 301 Main Str., Richmond VA 23284 Tel: 804-828-3187 Cell: 512-750-6782 www.vcu.edu; ebaranof@vcu.edu |
Director of Research, Finance and Insurance The Geneva Association
Route de Malagnou 53, CH-1208 Genève | Tel: +41 22 707 66 00 | Fax: +41 22 736 75 36 | www.genevaassociation.org |
BIO
Etti Baranoff is an Associate Professor of Insurance and Finance at Virginia Commonwealth University in Richmond VA since 1995. She teaches insurance, pensions, employee benefits and finance topics to graduate and undergraduate classes. Prior to her academic career, she was a Texas insurance regulator for 12 years with specialty in rate regulation, solvency studies and modelling and legislative issues. Her career also includes experience with a life insurer, a Texas public risk pool and consulting.
Baranoff has been in the insurance and risk management arena for over 30 years. She has spoken in many insurance and finance forums and is a 5-time winner of the Research Paper Award from the International Insurance Society, including her timely award paper “The Impact of Mortgage Backed Securities on Capital Requirements of Life Insurers in the Financial Crisis of 2007-2008.”
Baranoff has been a member of the prestigious Risk Theory Seminar and have authored or co-authored more than 50 papers relating to risk management and insurance. Her work is published in prominent journals, including The Journal of Risk and Insurance, The Journal of Banking and Finance, The Geneva Papers on Risk and Insurance, the Journal of Insurance Regulation, Best’s Review, and Contingencies of the American Academy of Actuaries, among others. She has served on the editorial board of The Geneva Papers on Risk and Insurance. Her research subjects include solvency detection models, capital and risk relationship, risk financing, enterprise risk management, asset allocation models and market discipline. She also authored and co-authored textbooks in risk management and insurance including the recent “Risk Management for the Enterprise and Individuals” published in 2009 by Flatworld Knowledge.
Along with her faculty position, she was appointed the Research Director for Finance and Insurance by The Geneva Association in October 2010. In this position she is a key independent expert on all fundamental and theoretical work in the area of Insurance and Finance and responsible for original research work. She serves on the Financial Stability in Insurance Working Group and is the author of the report: “An Analysis of the AIG Case: Understanding Systemic Risk and its Relation to Insurance” at: http://www.genevaassociation.org/PDF/BookandMonographs/GA2011-Considerations_for_Identifying_SIFIs_in_Insurance.pdf. She is the editor of the Geneva Association Insurance and Finance Newsletter and of the Geneva Papers for specific issues. The 7th edition of the IF Newsletter of February 2011 is available at: http://www.genevaassociation.org/PDF/Insurance_And_Finance/GA2011-I&F07.pdf
Baranoff earned her Ph.D. in finance, insurance and statistics from the University of Texas at Austin in 1993. Her BA in economics and statistics and her teaching certificate are from the University of Tel Aviv, Israel. She is a native of Israel and resides in both Austin, Texas and Richmond, Virginia.
Education
• Ph.D. in Finance with minors in Statistics, and Insurance, University of Texas at Austin, 1993
• BA in Economics and Statistics, University of Tel-Aviv, Israel
• FLMI (Fellow of Life Management Institute) Designation with Distinction
• Teaching Certificate in Social Sciences, University of Tel Aviv, Israel
Professional Background
1995 to present: Associate Professor of Finance and Insurance at the School of Business of Virginia Commonwealth University, Richmond, Virginia teaching risk and insurance, finance and employee benefits classes. A member of the executive committee of the Faculty Senate of VCU, Chair of the PHD committee of the School of Business.
October 2010 forward: The Geneva Association - External Research Director – Insurance and Finance (part-time). Key independent expert of The Geneva Association on all fundamental and theoretical work in the area of Insurance and Finance (IF) and responsible for original research work in this area. The editor of the Insurance and Finance Newsletter of the Geneva Association. Serves on the Financial Stability in Insurance working group. Author of the report: “An Analysis of the AIG Case - Understanding Systemic Risk and its Relation to Insurance” at: http://www.genevaassociation.org/PDF/BookandMonographs/GA2011-Considerations_for_Identifying_SIFIs_in_Insurance.pdf (Part II of the report)
A former staff member of the Texas department of Insurance 1982-1994
More In Details:
Position at VCU:
Teaching: undergraduate and graduate courses in finance, risk and insurance and employee benefits – all group coverages and pensions.
Research and Publications: Risk and enterprise risk management maps and interrelationships of life insurers; risk financing; risk assessment; risk measurements and relations to capital; interrelations among capital/risk/organization/distribution structures; solvency detection models; regulations and impact, strategic risk identification/mitigation/implementation of solutions; industry segmentation; sophisticated statistical modeling; asset allocation dynamics – determinants and performance; market discipline - impact of rating on internal behavior of insurers and market response; Risk Management and Insurance Textbook by Wiley & Sons, Risk Assessment text book for the ARM designation and more. (See publications below). Completed the textbook with Pat Brockett and Yehuda Kahane “Risk Management for the Enterprise and Individuals” published in 2009 by Flatworld Knowledge.
Affiliation: A visiting scholar at the Business School of the University of Texas at Austin
Special awards and participation: International Insurance Society five-time research award winner including the 2008 award. 2005 VCU Business School distinguished scholar. Participation in the Enterprise Risk Management Symposium by invitation only from the Griffith Foundation.
Part Time Position at the Geneva Association
· Key author for original Geneva Association work on relevant insurance and finance matters, drafting think-pieces, evaluations, strategic analysis or other special contributions
· Manage the links with other academic and research-oriented experts in finance and build a global network of professors that work on issues of importance to the IF programme
· Act as Editor of the biannual IF newsletter with contributions from international experts and current information of relevance in the field of insurance and finance
· Advise and support the Editors of the Geneva Papers by helping to identify high-quality articles and potential contributors and be ready to act once every two years as special editor for an issue dedicated to insurance and finance themes
· Act as a special representative of The Geneva Association at important debates in North America on finance issues, which would include conference participation and presentations on behalf of The Geneva Association
February 1994 -- 1995: Texas Association of School Boards (TASB)
TASB is Texas largest public risk pools providing health care coverage, workers' compensation, unemployment compensation and property/casualty insurance to Texas school districts and other public entities. Responsibilities include project management in market research and product development. Research in alternative risk financing and risk management
1982 -- 1994: Texas Department of Insurance (TDI), Austin, Texas
1991 - 1994: Legislative and Research Projects Manager
Financial analysis and solvency models for both the life/health and property/casualty insurance industries utilizing sophisticated statistical and econometrics techniques, and economic theories
Utilization review study of six health care constituencies
Condition of the Texas property insurance market
Data collection needs for rates and market condition
Property/casualty filing forms
Impact of regulatory rating system changes
Represented TDI in various National Association of Insurance Commissioners (NAIC) working groups.
1986 - 1991: Legislative and Research Programs Administrator
Responsible for research projects for various lines of insurance and insurance issues primarily related to legislative needs; some studies have impacted Texas insurance laws.
1982 - 1986: Rate Analyst
Responsible for preparing the property/casualty rate development including auto, property, and workers' compensation rate development and rates calculations. Performed actuarial analyses.
1978 - 1982: American Founders Life Insurance Company, Austin, Texas
1980 - 1982: Market Research Analyst
Responsible for the product monitoring system and developing target marketing kit for agents. Participation in radio talk shows about marketing life insurance to women.
1978 - 1980: Pension Administrator
Responsible for completing IRS forms relating to pension plans and reporting to employers.
1977-1978: "Realty World" Austin, Texas
1975-1977: High School "H," Tel-Aviv, Israel
An economics and social sciences teacher preparing seniors for matriculation examinations
1971-1972: The Reserve Bank of Israel, Tel-Aviv, Israel
An Economist trading bonds in the Israeli stock exchange
1970-1971: The Histadrut, Israel National Labor Federation
An Economist
Baranoff, Etti G., and Thomas W. Sager “The Interplay between Insurers’ Financial and Asset Risks during the Crisis of 2007-2009,” The Geneva Papers, July 2011 (1-32)
Baranoff, Etti G, “An Analysis of the AIG Case - Understanding Systemic Risk and its Relation to Insurance” at: http://www.genevaassociation.org/PDF/BookandMonographs/GA2011-Considerations_for_Identifying_SIFIs_in_Insurance.pdf (Part II of the report)
Baranoff, Etti G, “Editorial” 7th Insurance and Finance Newsletter, The Geneva Association, 2011 at: http://www.genevaassociation.org/PDF/Insurance_And_Finance/GA2011-I&F07.pdf
Baranoff, Etti G, “Feature Success Story: An Interview with the Executive Team of New York Life” 7th Insurance and Finance Newsletter, The Geneva Association, 2011 at: http://www.genevaassociation.org/PDF/Insurance_And_Finance/GA2011-I&F07.pdf
Baranoff, Etti G, “Report From the 7th International Insurance and Finance Seminar of the Geneva Association, December, London” 7th Insurance and Finance Newsletter, The Geneva Association, 2011 at: http://www.genevaassociation.org/PDF/Insurance_And_Finance/GA2011-I&F07.pdf
Baranoff, Etti G, “What are the Lessons for Insurance Regulators from the Economic Crisis” One column on page 12, The Regulator/NOV 2009 12
Baranoff, Etti G, Patrick Brockett and Yehuda Kahane “Risk Management for the Enterprise and Individuals” Flatworld Knowledge, 2009.
http://www.flatworldknowledge.com/
Baranoff, Etti G., and Thomas W. Sager “An Empirical Map of Enterprise Risk Space for Life Insurers: Implications for ERM” in the Monograph of the ERM Symposium of the Actuarial Society in May 2009, Chicago.
Baranoff, Etti G., and Thomas W. Sager, "Do Life Insurers' Asset Allocation Strategies Influence Performance within the Enterprise Risk Framework?" The Geneva Papers, 2009, 34, (242–259) © 2009 The International Association for the Study of Insurance Economics 1018-5895/09 www.palgrave-journals.com/gpp/
Baranoff, Etti G., and Thomas W. Sager, “The Impact of Mortgage Backed Securities on Capital Requirements of Life Insurers in the Financial Crisis of 2007-2008” The Geneva Papers, 2009, 34, (100-118) © 2009 The International Association for the Study of Insurance Economics 1018-5895/09, www.palgrave-journals.com/gpp
Baranoff, Etti G, “Prevent the Next Crisis: Demand Risk Management Education,” The Regulator/JAN 2009 7
Etti G. Baranoff “Risk Management and Insurance after 9/11” Chapter 10 of “The Impact of 9/11 on business and Economics: The Business of Terror -- The Day that Changed Everything?” Edited by Matthew J. Morgan and Forwarded by James J. Heckman, Palgrave Macmmillan, 2009
Etti G., and Thomas W. Sager “Mortgage Backed Securities and Capital of Life Insurers: Was the Industry prepared for the Credit Crunch of 2007-2008?” a $10,000 award winning paper at the IIS 2008. 2008 Special Competition Issue of the Geneva Papers on Risk and Insurance Issues and Practice.
Baranoff, Etti “Congratulations, Grads -- Now What About Medical Insurance? Sunday, Apr 20, 2008 – Richmond Times-Dispatch
Baranoff, Etti “Risk Management and Insurance” 2007, Preliminary 2nd Edition, PearsonPack
Baranoff, Etti G., Savas Papadopoulos, and Tom W. Sager “Capital and Risk Revisited: A Structural Equation Model Approach for Life Insurers” The Journal of Risk and Insurance, 2007, Vol. 74, No. 3, 653-681
Baranoff, Etti G., and Thomas W. Sager “Integrated Risk Management in Life Insurance Companies” a $10,000 award winning paper, International Insurance Society Seminar, Chicago, July 2006 and in Special Edition of the Geneva Papers on Risk and Insurance Issues and Practice
Baranoff, Etti G, Scott Harrington and Greg Niehaus “Risk Assessment” 2005 American Institute for Chartered Property Casualty Underwriters/Insurance Institute of America, Malvern, Pennsylvania
Baranoff, Etti “Risk Management and Insurance” 2004, John Wiley & Sons, NJ. (textbook)
Baranoff, Etti G. and Dalit Baranoff “Trends in Insurance Regulation” Review of Business, Fall 2003, pp. 11-20
Baranoff, Etti G., And Thomas W. Sager “The Interrelationship Among Organizational And Distribution Forms And Capital And Asset Risk Structures In The Life Insurance Industry” Journal Of Risk and Insurance, Sept. 2003, v70 i3 p375(26)
An Interview for A. M. Best publications: “In the Spotlight: Professor Says New Risk Management Textbook Connects With Holistic Problem Solving” BestWeek, the week of Sep. 2, 2003, BestDay News on Sep. 2, 2003 and “Greater Than the Sum of the Parts,” Best’s Review, November 2003
Baranoff, Etti G. and Thomas W. Sager “The Relationship between Asset Risk, Product Risk, and Capital in the Life Insurance Industry,” Journal of Banking and Finance, (26)6 (2002) pp. 1181-1197.
Baranoff, Etti G. “The Risk Balls Game: Transforming Risk and Insurance into Tangible Concepts” Risk Management and Insurance Review, 2001, Vol. 4, No. 2, 51-58
Baranoff, Etti G., Thomas W. Sager and Tom Shively, "Semiparametric Modeling As A Managerial Tool For Solvency,” Journal of Risk and Insurance, September, 2000
Baranoff, Etti G., Dalit Baranoff and Thomas W. Sager, "Nonuniform Regulatory Treatment of Broker Distribution Systems: An Impact Analysis for Life Insurers,” Journal of Insurance Regulations, Fall 2000, Vol. 19 Issue 1, p94, 36p
Baranoff, Etti G., “Determinants in Risk-Financing Choices: The Case of Workers’ Compensation for Public School Districts,” Journal of Risk and Insurance, June, 2000
Baranoff, Etti G. and Dan Gattis “Shaping a Positive Insurance Regulatory Environment in the new Knowledge Millennium” Seminar Proceedings of the International Insurance Society, Inc. - Volume 2000, July, 2000.
Baranoff, Etti G., Thomas W. Sager and the late Bob Witt “Industry Segmentation And Predictor Motifs For Solvency Analysis Of The Life/Health Insurance Industry” Journal of Risk and Insurance, March, 1999
Baranoff, Etti G. and Dan Gattis, “Measuring Attitudes Toward Regulation” Best’s Review, P/C and L/H Issues September 1998
Baranoff, Etti G. and Phyllis Myers “The Prevalence and Application of Risk Management Information Systems,” Risk Management Letter, December 1997
Myers, Phyllis S. and Etti G. Baranoff, “Non-Traditional Insurance Programs: The New Generation,” Academy of Insurance Education, Washington D.C., Instructional video with supplemental study guide. (Video produced by the Center for Video Education, 1997)
Myers, Phyllis S. and Etti G. Baranoff, “Ethics in Insurance,” Academy of Insurance Education, Washington D.C., Instructional video with supplemental study guide. (Video produced by the Center for Video Education, 1997)
Myers, Phyllis S. and Etti G. Baranoff, “CGL: Issues and Perspectives,” Academy of Insurance Education, Washington D.C., Instructional video with supplemental study guide. (Video produced by the Center for Video Education, 1997)
Myers, Phyllis S. and Etti G. Baranoff, “Workers' Compensation: On the Cutting Edge,” Academy of Insurance Education, Washington D.C., Instructional video with supplemental study guide. (Video produced by the Center for Video Education, 1997)
Myers, Phyllis S. and Etti G. Baranoff, “Reinsurance: Tradition in Transition,” Academy of Insurance Education, Washington D.C., Instructional video with supplemental study guide. (Video produced by the Center for Video Education, 1997)
Baranoff, Etti, G., Phyllis S. Myers and E. G. Miller, “The Prevalence and Application of Risk Management Information Systems,” An award winning paper, Seminar Proceeding of the International Insurance Society, Inc. - Volume 1996.
Baranoff, Etti, G., Thomas W. Sager, and Robert C. Witt "Investment Risk and Warning Signals for Life/Health Insurance Companies" An award winning paper, Seminar Proceedings of the International Insurance Society, Inc. - Volume 1995.
Baranoff, Etti, G., "Medical Professional Liability Market Place in Texas," Journal of Insurance Regulation, Sep. 1989
"Texas Liability Insurance Closed Claim Survey," Parts I and II, September 1987, Journal of Insurance Regulation (Appears under Texas State Board of Insurance. Co-authored with David Eley)
Working Papers
Baranoff Etti G. “Revisiting the 2001 HIH Failure in Australia: Implications to Systemic Risk?” Special report for the Geneva Association
Baranoff, Etti G., Patrick Brockett, Thomas W. Sager, and Bo Shi “Is the U.S. Life Insurance Industry in Danger of Systemic Risk by Using Derivatives Hedging? ” Working paper for presentation at 2011 ARIA meeting
Baranoff, Etti G., Daniel Haefeli and Patrick Liedtke “Insurers as Systemically Important Financial Institutions (SIFIs)? Exploration and Methodology” Working paper accepted for presentation at 2011 ARIA meeting, 2011 APRIA meeting in Japan and the Australian Feds/JBF in Australia. Also submitted to, US Feds/JMCB, Finland Central Bank/JFI and Temple/JRI conference.
Baranoff, Etti G., Thomas W. Sager, and Bo Shi “Variable Annuities with Guaranteed Living Benefits: A Capital Structure Impact for Life Insurers?” presented at the FMA, ARIA [World Risk Congress] 2010 conferences
Baranoff, Etti G., and Thomas W. Sager “Market Discipline of Health Insurers Consumers.” presentation at VCU Business School seminars, 4-20-2010
Baranoff, Etti G., Thomas W. Sager, and Bo Shi “Capital Ratio, Product Risk and Asset Risk Relationships in the U.S. Health Insurance Industry” presented at the FMA, ARIA [World Risk Congress] 2010 conferences, and WRIA, 2011
Baranoff, Etti G., and Thomas W. Sager “Market Discipline During the Financial Crisis of 2007-2009: Impact of Mortgage Backed Securities on the Demand for Life Insurance.” Working paper, 2010
Baranoff, Etti G., Thomas W. Sager and Tom Shively “Rebalancing Target Capital in the Financial Sector: The Case of Life Insurance” Under reconstruction for two separate papers [on SSRN], Working paper
Baranoff, Etti G., Thomas W. Sager and Tom Shively “The Interrelation between Capital and Asset Risk in Life Insurers Using Semiparametric Simultaneous Equations Models and Application to the 2007-2009 Financial Crisis” Presented at RTS 2004, FMA and ARIA. Now updated to incorporate the financial crisis period.
Baranoff, Etti G, Patrick Brockett, Linda Golden and Yehuda Kahane “Enterprise, Risk and Opportunity Management (EROM): An Educational Approach In Light Of The
2008/2009 Financial Crisis” slated for education journals.
Baranoff, Etti G and Linda Golden “Expanding The ERM Brand: Enterprise, Risk And Opportunity Management (EROM)”
Etti G. Baranoff, Etti G., Tom W. Sager and Shi Bo “Variable Annuities with Guarantees and Mortgage Backed Securities: A Colossal Capital Crisis of Life Insurers?” ARIA 2009 meeting
Baranoff, Etti G., and Thomas W. Sager “Market Discipline of Health Insurance: Insureds’ Reaction to Rating Downgrades in the Context of Enterprise Risks and the Financial Crisis of 2008/2009” [summer research grant at VCU business school]
Baranoff, Etti G., and Thomas W. Sager “Market Discipline of Variable Annuities with Guarantees: Insureds’ Reaction to Rating Downgrades in the Context of Enterprise Risks and the Financial Crisis of 2008”
Liyan Zhao, Thomas W. Sager and Etti Baranoff “Determining Market Values of Individual U. S. Life Insurers By Matching Method and Multiple Imputation” new title: “Marking to Market the Capital of Non-Publicly Traded Insurers for use in Financial Studies,” [on SSRN] [rejected by Journal of Accounting Review, in the process of resending to JRI]
Baranoff, Etti G., and Thomas W. Sager “An Empirical Map of Enterprise Risk Space for Life Insurers: Implications for ERM” modified for submission to Journal of Accounting Review
Baranoff, Etti G. and Dan Gattis “Operational Risk Management – How to Attract and Retain World Class Talent in the New Millennium?”
Baranoff, Etti G. and Dan Gattis “The Emerging Global ‘War for Talent’: Attracting and Retaining World Class Talent in an Era of Changing Demands, Expectations and Demographics”
Baranoff, Etti G., and Thomas W. Sager “The Relationship between Capital and Earnings of Life Insurers”
Baranoff, Etti G., and Thomas W. Sager “Determinant of Asset Allocation Dynamics in the Life Insurance Industry”
Presentations
Baranoff, Etti G. “Teaching Pensions through Case Study: How to Evaluate the Differences among Qualified Retirement Plans for a Small Medical Office” at the Finance Education Association meeting in San Antonio, 2010
Baranoff, Etti G., Thomas W. Sager, and Bo Shi “Capital Ratio, Product Risk and Asset Risk Relationships in the U.S. Health Insurance Industry” accepted at the FMA and ARIA [World Risk Congress] for 2010 conferences, FMA top papers series. World Finance Congress in Greece, 2011
Baranoff, Etti G., Thomas W. Sager, Bo Shi “Variable Annuities with Guarantees and Mortgage Backed Securities: A Colossal Capital Crisis for Life Insurers?” presented at ARIA 2009 and FMA, 2010. FMA top papers series.
Baranoff, Etti G., and Thomas W. Sager “Market Discipline of Health Insurers Consumers.” presentation at VCU Business School seminars, 4-20-2010
Baranoff, Etti G and Linda Golden “Expanding the ERM Brand: Enterprise, Risk and Opportunity Management (EROM)” to be presented at the 2010 WRIA meeting in Napa Valley
Baranoff, Etti G., Thomas W. Sager and Bo Shi, “Variable Annuities with Guarantees and Mortgage Backed Securities: A Colossal Capital Crisis for Life Insurers?” Presented at the 2009 ARIA meeting in Providence, RI.
Baranoff, Etti G., and Thomas W. Sager “An Empirical Map of Enterprise Risk Space for Life Insurers: Implications for ERM” ERM Symposium of the Actuarial Society in May 2009, Chicago
Baranoff, Etti G., and Thomas W. Sager “Mortgage Backed Securities and Capital of Life Insurers: Was the Industry prepared for the Credit Crunch of 2007-2008?” a $10,000 award winning paper at the IIS 2008, ARIA, Portland, 2008
Baranoff, Etti G., Thomas W. Sager and Tom Shively “Rebalancing Target Capital in the Financial Sector: The Case of Life Insurance” MFA, San Antonio, 2008, ARIA, 2008
Baranoff, Etti G., and Thomas W. Sager “Market Discipline in Life Insurance: Insureds’ Reaction to Rating Downgrades in the Context of Enterprise Risks” ARIA, Quebec City, Canada, August, 2007 and WRIA in Jan 2008 and at the EGRIE meeting, Toulouse, France, September, 2008
Baranoff, Etti G., and Thomas W. Sager “Integrated Risk Management in Life Insurance Companies” Award winning paper, International Insurance Society Seminar, Chicago, July 2006, VCU Dean’s seminar Series, March, 2007
Baranoff, Etti G., and Thomas W. Sager “An Empirical Map of Enterprise Risk Space for Life Insurers: Implications for ERM” ARIA, August 2006
Baranoff, Etti G., and Thomas W. Sager “Impact of Life Insurers’ Rating Changes on Market Discipline” VCU Seminar series, April 21, 2006
Baranoff, Etti G. and David Jewell, “Wind vs. Water” Fraud Conference, VCU, March 14, 2006
Baranoff, Etti G., and Thomas W. Sager “The Relationship Between Life Insurers’ Asset Allocation and Performance” FMA meeting, October 2005 in Chicago and VCU internal seminar
Baranoff, Etti G., and Thomas W. Sager “Life Insurers’ Asset Allocation Dynamics and Performance” WRIA meeting, 2005 in Monterey Bay, CA and FMA meeting in Chicago
Liyan Zhao, Thomas W. Sager and Etti Baranoff “Determining Market Values of Individual U. S. Life Insurers By Matching Method and Multiple Imputation” ARIA meeting, 2004 in Chicago
Baranoff, Etti G., and Thomas W. Sager “Life Insurers’ Asset Allocation Dynamics and Performance” ARIA meeting, 2004 in Chicago
Baranoff, Etti G., Thomas W. Sager and Tom Shively “Managing Capital Structure: The Case of Life Insurers – A Semiparametric Simultaneous Equations Approach” presentation at the 2004 Risk Theory Seminar
Baranoff, Etti G., and Thomas W. Sager “Determinant of Asset Allocation Dynamics in the Life Insurance Industry” At ARIA 2003 meeting in Denver
Baranoff, Etti G., and Thomas W. Sager “The Interrelationship among Organizational and Distribution Forms and Capital and Asset Risk Structures in the Life Insurance Industry” At ARIA 2002 meeting in Montreal
Baranoff, Etti G., Tom W. Sager and Savas Papadopoulos “The Effect of Regulated versus Market Risk on the Capital Structure of Life Insurers: A Structural Equation Modeling Approach” – At FMA 2002 meeting in San Antonio
Baranoff, Etti G., and Thomas W. Sager “The Relationship between Capital and Earnings of Life Insurers” Working paper at the ARIA 2001 meeting in Indianapolis
Baranoff, Etti G., and Thomas W. Sager “The Interrelationship among Organizational and Distribution Forms and Capital and Asset Risk Structures in the Life Insurance Industry” Presentation at the SRIA meeting in San Antonio, November, 2000 and at VCU Seminar in February, 2001, Working paper forthcoming at the ARIA 2002 meeting in Montreal, Canada
Baranoff, Etti G., Thomas W. Sager and Tom Shively, “A Semiparametric Decision Tool for Managing Capital Structure: The Case of Life Insurers” FMA 2000 meeting in Seattle
Baranoff, Etti G., Tom W. Sager and Savas Papadopoulos “The Effect of Regulated versus Market Risk on the Capital Structure of Life Insurers: A Structural Equation Modeling Approach” – Working paper presented at the ARIA 2000 meeting in Baltimore
Baranoff, Etti G., Thomas W. Sager and Tom Shively, “The Relationship Among Asset Risk, Product Risk, And Capital In The Life Insurance Industry: A Semiparametric Approach,” Presentation at the SRIA meeting in Orlando, November, 1999
Baranoff, Etti G. and Thomas W. Sager “The Relationship between Asset Risk, Product Risk, and Capital in the Life Insurance Industry,” Presentation at the American Risk And Insurance Association (ARIA) meeting in Vancouver, August, 1999
Baranoff, Etti G., Dalit Baranoff and Thomas W. Sager, "Inconsistencies in Insurance Broker’s Laws Across States: A Review And Impact Analysis,” Presentation at the SRIA meeting in Williamsburg, November, 1998
Baranoff, Etti G., Thomas W. Sager “The Relationship between Asset Risk, Product Risk, and Capital in the Life Insurance Industry,” Presentation at the VCU FIRE Department Seminar series, October 1998
Baranoff, Etti G., Thomas W. Sager and Tom Shively, “An Examination of the Linear Applications in Life Solvency Studies -- A Semi-Parametric Analysis,” Presentation at the American Risk And Insurance Association (ARIA) meeting, Boston, August 1998
Baranoff, Etti G. and Thomas W. Sager, “Life Risk-Based-Capital Reviewed through the Lens Of Transaction-Cost Economics: Should There Be Equal Treatment For Different Specialties?” The Risk Theory Seminar for presentation in its 1998 meeting, and also presented at the VCU seminar series, January, 1998
Baranoff, Etti G., “An Examination of Risk Financing Hypotheses: The Case of Workers’ Compensation for School Districts,” presented at the VCU seminar series, December, 1997
Baranoff, Etti G., Thomas W. Sager “Three Years of Risk-Based Capital: Differential Impacts on Life/Health Industry Segmentation,” - ARIA meeting in San Diego, 1997
Baranoff, Etti G., “Selection of a Risk Management Financing Strategy: A Case of Workers’ Compensation for Public Entities,” SRIA meeting in Hilton Head, 1996
Baranoff, Etti G., Phyllis S. Myers and E.G. Miller "The Prevalence and Application of Risk Management Information Systems,” ARIA meeting in Philadelphia, 1996
Baranoff, Etti G., Phyllis S. Myers and E.G. Miller "The Prevalence and Application of Risk Management Information Systems,” International Insurance Society in Amsterdam, Holland, July 1996
Baranoff, Etti G., "A Choice Model Between Self-Funding and Fully-Insuring Workers' Compensation," ARIA meeting in Seattle, Washington, 1995
Launie, Joseph J., William P. Jennings, and Etti G. Baranoff, "Exchange Rate Risk in Reinsurance,” ARIA meeting, Seattle, Washington, 1995
Baranoff, Etti G., Thomas W. Sager, and Robert C. Witt, "Investment Risk and Warning Signals for Life/Health Insurance Companies,” FMA meeting in New York City, 1995
Baranoff, Etti G "A Stepwise Structure Redesign from the Bottom Up," Re-engineering Special Interest Group of the University of Texas at Austin, 1995
Baranoff, Etti G., "Current and Future Life Insurance Regulation," Inforume Conference of LOMA in Orlando, Florida, 1995
Baranoff, Etti G., "US Private Passenger Automobile Rating and Information Systems: Economic and Public Policy Viewpoints," University of Tel Aviv, Tel Aviv, Israel, by Invitation from Dr. Yehuda Kahane, 1995
Baranoff, Etti G., "Pricing of Insurance Contracts and Evaluating Insurer Investment Practices: An Alternative Approach," ARIA meeting, Toronto, Canada, 1994
Baranoff, Etti G., Thomas W. Sager, and Robert C. Witt "Solvency Surveillance For The Life and Health Insurance Industry: A Disaggregated and Cascaded Approach," ARIA meeting, San Francisco, California, 1993
Baranoff, Etti G., "An Overview of the NAIC Risk-Based Capital Formulas and Comparison to the Texas Proposed Formulas,” NABRICO (National Association of Bar Related Insurance Companies) meeting in San Antonio, Texas, 1992
Baranoff, Etti G., "Financial Analysis of the Life Insurance Industry for Regulatory Purposes," excerpts of my dissertation, ARIA meeting presented at the 1992 American and Risk Association Meeting, Washington, D.C., 1992
Baranoff, Etti G., "Causes of Insolvencies of Texas Insurers during the 1980s and 1990," ARIA meeting, Orlando, Florida, 1990
Baranoff, Etti G., and late Nick Williams "Texas' Early Warning System," ARIA meeting in Denver, Colorado, 1989
"Retrospective Review of Medical Necessity and Related Utilization Review Process," March 1993
"Texas Insurance Company Failures in Fiscal Year 1990," April 1991
"Texas Domestic Insurance Company Failures in the 1980s," October 1990
"Medical Professional Liability Insurance in Texas: An Overview," March 1989
"Group Health Benefits in Texas: A Comparative Study," August 1988
"Texas Liability Insurance Closed Claim Survey," (basis for a new law) February 1987
Quoted in
Quoted in Forbes, Washington Post, Bloomberg, Virginia Business, Best’s Review, Chicago Tribune, Virginian-Pilot, New York Times, USA Today, United Press International, Dallas Morning News, Denver Post, the Lexington Herald-Leader (Ken.), the Press-Enterprise (Calif.), the Colorado Springs Gazette, Monterey County Herald (Calif.), the Myrtle Beach Sun News, the Denton Record Chronicle (Tex.) and the Sun Herald (Miss.), AP, Roeters, and more
Interviews by WRVA, NPR’s Marketplace and Public Radio of Richmond, VA.
Committees, Working Groups, and Membership
VCU Faculty Senate Member, 2009 for three years; a member of the executive committee
On the award selection committee for 2011 for the International Insurance Society and the Geneva Association
On the Bob Witt award committee of the ARIA - 2011
Editorial Boards:
o The Geneva Papers on Risk and Insurance Issues and Practice of The International Association for the Study of Insurance Economics. (www.palgrave-journals.com/gpp/)
o International Research Journal “Insurance Markets and Companies: Analysis and Actuarial Computations” (http://www.businessperspectives.org/content/view/125)
Invited by the Provost to be a member of the VCU 2020 Strategic Plan Recalibration: Theme III Recalibration Work Group - 2010
A member of the committee evaluating the 2011 Business School Summer Research Grants
Head of assessment for the FIRE department
Referee of many academic papers in JRI, Geneva Papers, Geneva Review, the Risk Management and Insurance Review, The Journal of Insurance Regulation, and The Journal of Banking and Finance, and more…
Served on the VCU business School Undergraduate Curriculum Committee - 2001 – 2009.
Committee member of 2007, 2008 and 2009 ARIA meeting program
Chair RMIR award committee – ARIA 2007
Search committee for FIRE Department Chair – 2006-2007
Serving on ARIA program and best JRI article selection committees – 2006 and 2007
Serving on the ARIA committee for the 2004 Les B. Strickler Innovation in Instruction Award
A visiting scholar at the University of Texas at Austin since 2001
A member of the Kulp-Wright book Award Committee for ARIA, 2004
Serving on the VCU Business School Technology committee since 1999 and Global Scholar Committee since 2000
A member of the Kulp-Wright book Award Committee for ARIA, 2000
A member of the Risk Theory Seminar, since 1998
Serving on the selection committee for the 1998 winning article of the Journal of Risk and Insurance, 1999
Serving on the selection committee for the 1997 winning article of the Journal of Insurance Regulation, 1998
Serving on the VCU Business School Undergraduate Curriculum committee, 1997 and 1998. Continuing a second term, 1999
Served on the ARIA committee for the 1997 Les B. Strickler Innovation in Instruction Award, 1997
A member of the Insurance Committee of the Richmond JCC, 1995-1998
A member of the Human Resource Committee of the Richmond JCC, 1995-1998
Served on the VCU Business school scholarship committee, 1997
Served on the VCU Business School’s FIRE Department Salary Committee, 1997
Chaired the Texas Department of Insurance Statistical Data Collection, 1991-1993
Participated in National Association of Insurance Commissioners (NAIC) Research and Development (for financial analysis) Working Group, 1991-1994
Participated in the NAIC Life/Health, Property/Casualty, and Health Organizations Risk Based Capital Working Groups, 1991-1994
Participated in the NAIC Invested Assets Working Group – 1991-1994
Participated in the Texas Workers' Compensation Facility Rating Committee, 1991
The Geneva Association. See Annual Report and Collaborators at: http://www.genevaassociation.org/PDF/General_Information/GA2011-Annual_Report_2010-2011.pdf
2008, 2006, 2004, 1996 and 1995 research round table awards at the International Insurance Seminar.
2005 Distinguished scholar of the VCU Business School
By Invitation only to the Enterprise Risk Management (ERM) Symposium at Ohio State University by the Griffith Foundation, 2006 and 2008
2004 VCU business school competitive summer grant
Invited to present at the 2004 Risk Theory Seminar in NYC and give a seminar at St. Jones University
ARIA’s Les B. Strickler Innovation in Instruction Award, 2001
A Member of the Risk Theory Seminar, the Financial Management Association (FMA), the American Finance Association, the Society of Insurance Research, the American Risk and Insurance Association (ARIA), and the Southern Risk and Insurance Association (SRIA). A former Western Zone Coordinator for the Journal of Insurance Regulation, Insurance Chair for the Austin Jewish Federation, Finance Chair for the Austin Jewish Book Fair, and Education Vice President of the Morrow Street Toastmaster Club. A Recipient of 1990 Spencer Scholarship Award (RIMS), the 1989 Vestal Lemmon Presidential Scholarship at the University of Texas at Austin, and numerous Scholarships from the Gus S. Wortham Trust. A Recipient of special Ph.D. Award from the Texas Department of Insurance. A recipient of the 1995 and 1996, 2004 and 2006 research awards from the International Insurance Society, and 1997, 1998, 2000, 2001, 2002, 2004, 2005, 2006, 2008 and 2009 VCU Business School Research awards.
