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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