David F Babbel

David F Babbel
  • Professor Emeritus of Business Economics and Public Policy, Professor of Finance

Research Interests: annuities and life insurance policies, asset/liability management for insurers, fixed income securities, interest-sensitive stochastic valuation, investment strategies

Links: CV

Overview

David Frederick Babbel passed away on May 20, 2021.
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Education:

Postdoctoral Fellow, Insurance Economics, The Wharton School, University of Pennsylvania, 1984-5

Postdoctoral Studies in Finance Theory, Options, University of California at Berkeley, 1980-2

PhD, Finance, University of Florida, 1978

MBA, Finance and International Finance, University of Florida, 1975

BA, Economics and Philosophy, Brigham Young University and George Mason University, 1973

Recent Consulting: Developing financial strategies for banks and insurers, Asset/liability management, various insurers and pension funds; Insurer insolvency analysis, various clients; Valuation software developer; Investment performance analysis; Life insurance and annuities performance

Career and Recent Professional Awards; Teaching Awards: William G Whitney Award for Distinguished Teaching in the Associated Faculty; Best Feature Article Award from American Risk and Insurance Association, Best Article Award from North American Actuarial Journal, Graham-Dodd Award of Excellence from Association for Investment Management and Research; Huebner Foundation Postdoctoral Fellow, Fulbright Fellow

Academic Positions Held: Wharton: 1997-2010 Full Professor of Insurance and Finance; 1985-1996 Associate Professor of Insurance and Finance; Previous appointment: University of California, Berkeley

Other Positions: Senior Advisor, Charles River Associates, 2006-present; Senior Financial Economist, The World Bank, 1995; Strategist, Frank Russell, Co., 1993-94; Senior Advisor, Goldman, Sachs Pension and Insurance Department, 1986-92; Expert witness on insurance and finance matters, 1990-present

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Research

  • Kabir Dutta and David F Babbel (2013), Scenario Analysis in the Measurement of Operational Risk Capital: A Change of Measure Approach, Journal of Risk and Insurance.

  • David F Babbel, Staggered Annuitization: Dealing with the Top 10 Financial Challenges.

  • David F Babbel (Work In Progress), Assessment of the PIMS Pricing Model.

  • David F Babbel and Miguel A. Herce (2013), Stable Value Funds: Performance to Date, Retirement Income Journal.

  • David F Babbel (Work In Progress), Economic Analysis of Insurance Products in Workplace Benefit Programs in the U.S.

  • David F Babbel and Jack Marrion (2011), Real World Index Annuity Returns, Journal of Financial Planning.

  • David F Babbel (2009), Measuring the Tax Benefit of a Tax-Deferred Annuity, Journal of Financial Planning.

  • David F Babbel, James Strickler, Ricki Sears (2009), Statistical String Theory for Courts: If the Data Don’t Fit, Journal of Legal Technology Risk Management.

  • David F Babbel, Financial Markets, Instruments and Institutions (2001)

  • David F Babbel, Valuation of Interest-Sensitive Financial Instruments (2000)

Teaching

 

Investments and Securities Markets

Financial Management

International Financial Management

Advanced Asset/Liability Management

Financial Strategies and Analysis:  Insurance  (advanced fixed-income course)

Advanced Corporate Finance

Structured Notes and Asset-Backed Securities

Risk and Crisis Management

Risk Management

Principles of Risk and Insurance

Doctoral Seminar in Life Insurance—various sessions

Awards and Honors

  • Who’s Who in America, Who’s Who in the World, 1986-2012
  • Critical Review of U.S. Actuarial Profession Advisory Panel, 2005-2006
  • William G. Whitney Award for Distinguished Teaching, 2003
  • Valuation Tools Task Force, American Academy of Actuaries, 1997-2002
  • Best Published Paper in North American Actuarial Journal, 2002
  • Graham and Dodd Award of Excellence, Association for Investment Management and Research, 1997
  • Best Feature Article, American Risk and Insurance Association, 1989
  • Beta Gamma Sigma (National Scholastic Honor Society of Business and Administration), 1978
  • Fulbright-Hays Fellowship, 1977
  • Fulbright Fellow, U.S. Office of Education, 1976-1977
  • Omicron Delta Epsilon (International Honor Society in Economics), 1973

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