OVERVIEW
Industrial and commercial property insurance, like other forms of insurance, is a market for risk transfer. This project will use market data provided by WTW and other data sources, including insights obtained from research conducted by other students in the mini-CDT. This data will be used to address central questions on the efficiency and competition in this market and the potential impact of digital technologies on risk analysis and risk transfer. The research will initially examine the magnitude and determination of the risk premium, the excess of insurance premia over actuarially fair expected pay outs. This work will be pursued both from a theoretical perspective, capturing the role of information asymmetries, and empirically using WTW and other data. The research can also investigate the dependency of the risk premium on property specific risk information and market factors and the impact of technological innovation, including automation of risk data, on the setting of risk premia and on market competition. The development and execution of this program of work will be conducted in close co-operation with WTW staff and WTW clients.
PROJECT DETAILS
This PhD project will be one of six PhD projects being pursued in a cross-disciplinary mini-College of Doctoral Training (mini-CDT) running at Loughborough University from 2022 to 2026. This mini-CDT is part financed and supported by the WTW Research Network https://www.wtwco.com/en-gb/Insights/research-programs-and-collaborations/wtw-research-network, the award winning collaboration between academia, finance and research industries on the understanding and quantification of risk.
This industry collaboration builds on the earlier partnership between Loughborough University and WTW in the recently completed TECHNGI https://www.techngi.uk/ research project on technology and next generation insurance services. For full description of the mini-CDT, of the individual PhD projects and of the support provided by the WTW Research Network to the mini-CDT see https://www.techngi.uk/mini-college-of-doctoral-training/.
Loughborough University is a top-ten rated university in England for research intensity (REF2014). In choosing Loughborough for your research, you’ll work alongside academics who are leaders in their field. You will benefit from comprehensive support and guidance from our Doctoral College, to help you succeed in your research and future career. Find out more: http://www.lboro.ac.uk/study/postgraduate/supporting-you/research/
ENTRY REQUIREMENTS
Our entry requirements are listed using standard UK undergraduate degree classifications i.e. first-class honours, upper second-class honours and lower second-class honours. To learn the equivalent for your country, please choose it from the drop-down below.
Entry requirements for United Kingdom
Students should have, or expect to achieve an MSc in a relevant area.
English language requirements
Applicants must meet the minimum English language requirements. Further details are available on the International website.
Applicants must meet the minimum English language requirements. Further details are available on the International website (http://www.lboro.ac.uk/international/applicants/english/).
FEES AND FUNDING
Tuition fees cover the cost of your teaching, assessment and operating University facilities such as the library, IT equipment and other support services. University fees and charges can be paid in advance and there are several methods of payment, including online payments and payment by instalment. Fees are reviewed annually and are likely to increase to take into account inflationary pressures.
HOW TO APPLY
http://www.lboro.ac.uk/study/apply/research/. Under programme name, select ‘Business School’. Please quote reference number: SBE-AM-CDT.
Contact details: [Email Address Removed]
Continue with Facebook
