Research Interests: annuities and life insurance policies, asset/liability management for insurers, fixed income securities, interest-sensitive stochastic valuation, investment strategies
David Frederick Babbel passed away on May 20, 2021.
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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
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 (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)
Investments and Securities Markets
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
Principles of Risk and Insurance
Doctoral Seminar in Life Insurance—various sessions