Dr. Pat Brockett is the Director of the Risk Management and Insurance Program and the Gus S. Wortham Memorial Chairholder in Risk Management and Insurance in the College and Graduate School of Business at The University of Texas at Austin where he teaches full time in risk management and insurance. He holds joint appointments as a Full Time Professor in the departments of Finance, Mathematics, and Management Science and Information Systems. He is currently President of The American Risk and Insurance Association.
In addition he is the Janey Slaughter Briscoe Research Fellow at the IC2 Institute and a Faculty Research Scientist at the Applied Research Laboratories at The University of Texas at Austin, and is the former Director of the Actuarial Science Program and former Director of the Center for Cybernetic Studies in the Graduate School of Business. He is a Fellow of the Institute of Mathematical Statistics, a Fellow of the American Statistical Association, a Fellow of the Royal Statistical Society, a Fellow of the American Association for the Advancement of Science, and a Chartered Statistician by the Royal Statistical Society. He is also a member of the Western Risk and Insurance Association, the International Actuarial Association (ASTIN section), and the Casualty Actuarial Society (Academic Corresponding Member).
Besides refereeing for numerous academic journals, he has published two books and over 100 journal articles. He is the Editor of the Journal of Risk and Insurance, and an Associate Editor of the journals Insurance: Mathematics and Economics. A Board Member of the North American Actuarial Journal, his articles in risk management and insurance have won several awards from the American Risk and Insurance Association (for Best Feature Article and for Best Communication Article) and from the American Statistical Association (for the Most Outstanding Statistical Application paper published in any field, in any journal, in any language, anywhere in the world), the Society of Actuaries (The Halmstad Prize for the most outstanding English language publication in actuarial science in the world), and from the International Insurance Society (best paper award) from the Casualty Actuarial Society ( for best paper on Casualty actuarial topics publish in an ARIA journal) and from the Faculty of Actuaries of Scotland and the Institute of Actuaries in England ( Brian Heys International Competition, 2nd Prize) . He has won The University of Texas university wide Outstanding Graduate Teacher Award as well as three different research awards from the Graduate School of Business. His research interests include formal and theoretical works on risk management topics as well as non-theoretical institutional or qualitative investigations into insurance contracts, ethics, and economics. He has also served as an expert consultant to regulatory bodies, law firms, and businesses.
Patrick L. Brockett received his Bachelor of Arts degree. in Mathematics from California State University, Long Beach, and his M.A. and Ph.D.,both in Mathematics, from the University of California, Irvine.