Skip to main content

Richard Crabb

Richard Crabb
Lecturer | Risk and Insurance
5192 Grainger Hall


I am ABD in Finance from Stanford University, Graduate School of Business. I also have a Master’s in Statistics from Stanford, and was a double major in Applied Math and Economics from UC-Berkeley.

I have worked in Management Consulting and a Financial Management Startup, but the majority of my career has been in insurance. My insurance experience started on the health side with a division of HealthNet, then moved to property/casualty with CNA, Zurich, Allstate and Sentry.

I led Quantitative Analytics and Research at Allstate, and also spent time as the state manager of Allstate New Jersey, where I was responsible for the profitable growth of more than $1 billion in premium.

I created the Advanced Analtyics department at Sentry and led that for many years, before switching over to the UW-Madison Business School to teach.


Selected Published Journal Articles

Zhong, F. & Rosenberg, M. & Agterberg, J. & Crabb, R. (2021). Social Determinant-Based Profiles of US Adults Adults with the Highest and Lowest Health Expenditures Using Clusters North American Actuarial Journal

Agterberg, J. & Zhong, F. & Crabb, R. & Rosenberg, M. (2020). Cluster Analysis Application to Identify Groups of Individuals with High Health Expenditures Health Services and Outcomes Research Methodology


Predictive Analytics Conference (2017) A Numerical Taxonomy Application to Cluster Individuals for Predicting Health Care Expenditures


Undergraduate Courses

Business Analytics I (BUS 365), Spring 2016. Download Syllabus

Business Analytics I (BUS 365), Spring 2016. Download Syllabus

Explore More Risk and Insurance Faculty

Joan Schmit

Joan Schmit

Professor Emeritus
Ty Leverty

Tyler Leverty

Associate Professor
Peng Shi

Peng Shi

Kristina Talkowski

Kristina Talkowski

Previous faculty
Next faculty