About Daniel
Dani’s research publishes in leading journals in actuarial science, economics, finance, management, and statistics, and he has served on the editorial boards of leading journals in actuarial science and risk management. He has taught classes in actuarial science, quantitative finance, risk management, data analytics, and machine learning. He has served as an expert on insurance and insurance-linked investments for the Securities Exchange Commission (SEC), the Internal Revenue Service (IRS), and several large insurance companies.
Dani earned his MS in Statistics from San Diego State University and his PhD in Mathematics from Ulm University. Prior to joining the faculty at UW-Madison, Dani was the Dai-ichi Life Insurance Company Endowed Chair in Actuarial Science and Risk Management at Culverhouse College of Commerce at the University of Alabama and Robert W. Batten Chair in Actuarial Science at the J. Mack Robinson College of Business at Georgia State University.
Selected Published Journal Articles
Bauer, D. & Lakdawalla, D. & Reif, J. (2025). Health Risk and the Value of Life Journal of Public Economics
Bauer, D. & Phillips, R. & Zanjani, G. (2025). Pricing Insurance Risk: Reconciling Theory and Practice Handbook of Insurance, 3rd Edition
Moenig, T. & Bauer, D. (2023). Cheaper by the Bundle: The Interaction of Frictions and Option Exercise in Variable Annuities. Journal of Risk and Insurance
Zhu, N. & Bauer, D. (2022). Modeling the Risk in Mortality Projections Operations Research
Ha, H. & Bauer, D. (2022). A Least-Squares Monte Carlo Approach to the Calculation of Capital Requirements Finance and Stochastics
Bauer, D. & Zanjani, G. (2021). Economic Capital and RAROC in a Dynamic Model Journal of Banking and Finance
Guo, Q. & Bauer, D. (2021). Different Shades of Risk: Mortality Trends Implied by Term Insurance Prices North American Actuarial Journal
Schilling, K. & Bauer, D. & Christiansen, M. & Kling, A. (2020). Decomposing Dynamic Risks into Risk Components Management Science
Bauer, D. & Russ, J. & Zhu, N. (2020). Asymmetric Information in Secondary Insurance Markets: Evidence from the Life Settlement Market Quantitative Economics
Bauer, D. & Kamiya, S. & Ping, X. & Zanjani, G. (2019). Dynamic Capital Allocation with Irreversible Investments Insurance: Mathematics and Economics
Bauer, D. & Fasano, M. & Russ, J. & Zhu, N. (2018). Evaluating Life Expectancy Evaluations North American Actuarial Journal
Bauer, D. & Gao, J. & Monig, T. & Ulm, E. & Zhu, N. (2017). Policyholder Exercise Behavior in Life Insurance: The State of Affairs North American Actuarial Journal
Bauer, D. & Kramer, F. (2016). The Risk of a Mortality Catastrophe Journal of Business and Economic Statistics
Bauer, D. & Zanjani, G. (2016). The Marginal Cost of Risk, Risk Measures, and Capital Allocation Management Science
Monig, T. & Bauer, D. (2016). Revisiting the Risk-Neutral Approach to Optimal Policyholder Behavior: A Study of Withdrawal Guarantees in Variable Annuities Review of Finance
Zhu, N. & Bauer, D. (2014). A Cautionary Note on Natural Hedging of Longevity North American Actuarial Journal
Zhu, N. & Bauer, D. (2013). Coherent Pricing of Life Settlements Under Asymmetric Information Journal of Risk and Insurance
Bauer, D. & Phillips, R. & Zanjani, G. (2013). Financial Pricing of Insurance Handbook of Insurance, 2nd Edition
Working Papers
Bauer, D. & Powell, L. & Su, B. & Zanjani, G. Life Insurance and Annuity Pricing during the Financial Crisis, Revisited
Song, X. & Bauer, D. & Lakdawalla, D. & Reif, J. Health Risk, Incomplete Retirement Markets, and the Value of Health and Longevity
Song, X. & Bauer, D. & Lakdawalla, D. & Reif, J. Health Risk, Incomplete Retirement Markets, and the Value of Health and Longevity
Song, X. & Bauer, D. & Lakdawalla, D. & Reif, J. The Complementarity of Social Security and Health and Longevity Improvements.
Bauer, D. & Zanjani, G. Asset and Liability Risks in Financial Institutions
Ha, H. & Bauer, D. Calculation of Enterprise Capital via Least-squares Monte Carlo – Regress Now or Later
Ulm, E. & Bauer, D. & Sydnor, J. Risk and Time Preferences: Implications from Consumption Optimization
Practitioner-Oriented Publications
Kim, Y. & Bauer, D. (2025). Transfer Learning in the Actuarial Domain: Foundations and Applications. North American Actuarial Journal
Bauer, D. (2023). Benchmarks for the Benchmark Approach to Valuing Long-Term Insurance Liabilities: Comment on Fergusson and Platen (2023) Annals of Actuarial Science
Guo, Q. & Bauer, D. & Zanjani, G. (2021). Capital Allocation Techniques: Review and Comparison Variance
Bauer, D. & Bauer, D. & Embrechts, P. & Filipovic, D. & Koch, P. & Korn, R. & Loisel, S. & Pelsser, A. & Schiller, F. & Schmeiser, H. & Wagner, J. (2018). Asset-Liability Management for Long-Term Insurance Business. European Actuarial Journal
Professional Organizations
American Risk and Insurance Association
Editorial and Reviewing Activities
Annals of Actuarial Science – Since January 2021
Associate Editor
Journal of Risk and Insurance – January 2019 – December 2024
Editor
North American Actuarial Journal – Since January 2018
Editor
Insurance: Mathematics and Economics – Since January 2017
Associate Editor
ASTIN Bulletin-the Journal of the International Actuarial Association – January 2012 – December 2018
Editor
WSB Stories
- Wisconsin School of Business Hosts Award-Winning Journalist Deepa Seetharaman - November 6, 2025
- WSB’s ‘Mission MBA’ Sets New Standard for Experiential, AI-Driven Business Learning - October 9, 2025
- MSBA Students Take To the Ice for Team-Bonding, Wisconsin Style - February 14, 2025
- EdgeUp: Storytelling With Data - August 3, 2023
WSB Stories
Wisconsin School of Business Hosts Award-Winning Journalist Deepa Seetharaman
WSB’s ‘Mission MBA’ Sets New Standard for Experiential, AI-Driven Business Learning
MSBA Students Take To the Ice for Team-Bonding, Wisconsin Style
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