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Daniel Bauer

Daniel Bauer

Senior Associate Dean for Programs | Wisconsin School of Business
Professor | Risk and Insurance
Hickman-Larson Chair in Actuarial Science
5251 Grainger Hall

About Daniel

Daniel Bauer is the Hickman-Larson Chair in Actuarial Science and current chair of the Department of Risk and Insurance at the Wisconsin School of Business.

Prior to joining the faculty at UW-Madison, Bauer 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.

Professor Bauer’s research interests are at the interface of actuarial science, quantitative finance, and insurance economics.

Professor Bauer earned his MS in Statistics from San Diego State University and his PhD in Mathematics from Ulm University.

Selected Accepted Journal Articles

Bauer, D. & Phillips, R. & Zanjani, G. (2023). Pricing Insurance Risk: Reconciling Theory and Practice Handbook of Insurance, 3rd Edition

Selected Published Journal Articles

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

Selected Submitted Journal Articles

Bauer, D. & Powell, L. & Su, B. & Zanjani, G. (2024). Life Insurance and Annuity Pricing during the Financial Crisis, Revisited

Guo, Q. & Bauer, D. & Zanjani, G. (2023). Dynamic Capital Allocation in General Insurance.

Working Papers

Song, X. & Bauer, D. & Lakdawalla, D. & Reif, J. The Value of Health and Longevity with Stochastic Health Risk and Partial Annuitization

Practitioner-Oriented Publications

Kim, Y. & Bauer, D. (2023). Transfer Learning in the Actuarial Domain: Foundations and Applications.

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

Editorial and Reviewing Activities

Annals of Actuarial Science – Since January 2021
Associate Editor

Journal of Risk and Insurance – Since January 2019

North American Actuarial Journal – Since January 2018

Insurance: Mathematics and Economics – Since January 2017
Associate Editor

ASTIN Bulletin-the Journal of the International Actuarial Association – January 2012 – December 2018

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