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Stephen P. D'Arcy
John C. Brogan Faculty Scholar in Risk Management and Insurance & Professor of Finance

Educational Background

Ph.D., M.S. Finance, University of Illinois, 1982, 1979
B.A. Applied Math, Harvard College, 1972

Positions Held

At the University of Illinois since 1981. Actuary, CUMIS Insurance Society, 1973-78.

Recent Publications

D’Arcy, S. P., & Gorvett, R. W. The use of dynamic financial analysis to determine whether an optimal growth rate exists for a property-liability Insurer, Journal of Risk and Insurance, forthcoming.

Gorvett, R.W., Ahlgrim, K., & D’Arcy, S. The effective duration and convexity of liabilities for property-liability insurers under stochastic interest rates. Geneva Papers on Risk and Insurance Theory. Geneva: forthcoming.

D’Arcy, S., & Xia, H. 2003. Insurance and China's entry into the WTO. Risk Management and Insurance Review, 6: 7-25.

D'Arcy, S., 2001. Enterprise risk management. Journal of Risk Management of Korea, 12: 207-228.

D'Arcy, S., & Gorvett, R. 2000. Measuring the interest rate sensitivity of loss reserves. Proceedings of the Casualty Actuarial Society, 87:365-400.

Honors and Awards

Undergraduate Excellence in Teaching Award, Business Alumni Association, 2003. Dorweiler Award for best paper in Proceedings of the Casualty Actuarial Society, 2001. Commerce Council Outstanding Teaching Award - Large Class 1999, small class, 2001. Casualty Actuarial Society, Dynamic Financial Analysis Call Paper Program award for best paper, 1997 and 1998. University Scholar, 1994-97; American Risk and Insurance Association Innovation in Instruction Award, 1991. Burlington Northern Foundation Faculty Achievement Award (campus award), 1990. Actuarial Education and Research Foundation-Casualty Actuarial Society research grant, 1990. Journal of Risk and Insurance Awards, 1988, 1989. Campus Award for Excellence in Undergraduate Teaching, 1986. Commerce Alumni Association Excellence in Undergraduate Teaching Award (college Award), 1984. Dorweiler Award for best paper in the Proceedings of the Casualty Actuarial Society, 1983. Fellow, Casualty Actuarial Society.

Academic Service

Associate editor, Journal of Risk and Insurance, 1999-2003. Board of directors, Casualty Actuarial Society, 2000-2003. President, American Risk and Insurance Association, 1999.

Teaching and Research

Teaches courses in principles of insurance, property/liability insurance, casualty actuarial science, financial risk management, and corporate finance. Research focuses on financial pricing models applied to insurance, dynamic financial analysis, financial risk management of insurers. Consultant to the Casualty Actuarial Society, New England Actuarial Seminars, and Miller, Rapp, Herbers & Terry--Consulting Actuaries. Has presented seminars on financial topics to a number of major insurers.

Contact Information:
311 Wohlers Hall
1206 South Sixth Street
Champaign, IL 61820
(217) 333-0772
s-darcy@uiuc.edu


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