Mark J. Browne, Ph.D.

Professor

PhD, Risk Management and Insurance, University of PennsylvaniaMA, Risk Management and Insurance, University of PennsylvaniaBS, Risk Management and Insurance, University of Pennsylvania (The Wharton School)

Mark J. Browne is the chair of the faculty of the School of Risk Management in the Tobin College of Business at St. John’s University. He holds the Robert Clements Distinguished Chair in Risk Management and Insurance. In addition, he is an Associate Member of the Munich Risk and Insurance Center at Ludwig Maximilians Universitat in Munich, Germany and is a member of the International Research Advisory Board of the Risk and Insurance Research Center at National Chengchi University in Taipei, Taiwan. Prior to joining the faculty of St. John’s University, Dr. Browne held the Gerald D. Stephens CPCU Chair in Risk Management and Insurance in the Wisconsin School of Business at the University of Wisconsin – Madison. Dr. Browne has served as president of the American Risk and Insurance Association, the Risk Theory Society and the European Group of Risk and Insurance Economists. He has been awarded lifetime membership in the Risk Theory Society. An expert on risk management, insurance, and employee benefits, he teaches courses on these topics and has consulted with businesses on issues related to them. Mr. Browne’s research has appeared in many publications, including the Journal of Risk and Insurance, the Journal of Insurance Regulation, the Journal of Risk and Uncertainty, the Journal of Legal Studies and the CPCU Journal. He is regularly consulted by media and has been quoted in the Milwaukee Journal Sentinel, the Wall Street Journal, and Bloomberg BusinessWeek, among others. He testified before the U.S. Senate committee on Banking, Housing and Urban Affairs following Hurricane Katrina. Mr. Browne has received recognition for both his teaching and research with a number of awards, including the Beta Gamma Sigma Dean’s Award for Teaching Excellence, the Lawrence J. Larson Excellence in Teaching Award at the University of Wisconsin–Madison, the Excellence in Teaching Award of the American Risk and Insurance Association and the Shin Award for Research Excellence from the International Insurance Society. He received his bachelor, masters and doctoral degrees from the University of Pennsylvania where he was a Huebner Fellow.

Courses Taught

RMI

622

DIM OF RISK LEAD: EXEC PERSPEC

RMI

650

(RE)INS LEADER GLO MKT & SOC

RMI

700

RMRA CAPSTONE SEMINAR

RMI

3350

(RE)INS LDRS IN MKTS & SOCIETY

RMI

EURO

RMI: EUROPE

Select Publications

Journal Articles

Marais, J. C., Browne, M. J., and Hoyt, R. E. (2025). Drivers of the Underwriting Cycle: Abnormal Return on Property-Liability Insurance Stock and Insurer Capacity. London: North American Actuarial Journal. vol. forthcoming, pp. 22.

Gemmo, I., Browne, M. J., and Grundl, H. (2025). Privacy Concerns in insurance markets: Implications for market equilibria and customer utility. Hoboken, New Jersey: Canadian Journal of Economics . pp. 31.

Browne, M. J., Hofmann, A., Roth, S., Richter, A., and Steinorth, P. (2021). Peer Effects in Risk Preferences: Evidence from Germany. Annals of Operations Research. vol. 299, pp. 1129-1163.

Lei, Y., and Browne, M. J. (2020). Health Insurers' Operations in the Face of Health Care Reform: An Analysis of the Supplemental Health Care Exhibit. Risk Management and Insurance Review. vol. 23, pp. 277-286.

Browne, M. J., Dehring, C. A., Eckles, D. L., and Lastrapes, W. D. (2019). Does National Flood Insurance Program Participation Induce Excessive Development in High-Risk Areas? Evidence from Florida Counties. Journal of Risk and Insurance. vol. 86, pp. 835-859.

Pooser, D., and Browne, M. J. (2018). The Effect of Customer Satisfaction on Company Profitability: Evidence from the Property and Casualty Insurance Industry. Risk Management and Insurance Review. vol. 21, pp. 289-308.

Pooser, D., Browne, M. J., and Archangela, O. (2018). Growth in the Perception of Cyber Risk: Evidence from U.S. P&C Insurers. The Geneva Papers on Risk and Insurance: Issues and Practice. vol. 43, pp. 208-223.

Lei, Y., and Browne, M. J. (2017). Underwriting Strategy and the Underwriting Cycle in Medical Malpractice Insurance. Geneva: The Geneva Papers on Risk and Insurance - Issues and Practice. vol. 42, pp. 152-175.

Browne, M. J., Knoller, C., and Richter, A. (2015). Behavioral Bias and the demand for bicycle and flood insurance. Journal of Risk and Uncertainty. vol. 50, pp. 141-160.

Browne, M. J., and Hoffman, A. (2013). One-sided commitment in dynamic insurance contracts: Evidence from private health insurance in Germany. Journal of Risk and Uncertainty. vol. 46, pp. 81-112.

Browne, M. J., and Kamiya, S. (2012). A Theory of the Demand for Underwriting. Journal of Risk and Insurance. vol. 79, pp. 334-349.

Browne, M. J., Ju, L., and Lei, Y. (2012). Reinsurance Purchases, Contingent Commission Payments and Insurer Reserve Estimation. The Geneva Papers on Risk and Insurance - Issues and Practice. vol. 37, pp. 452-466.

Browne, M. J., Zhou-Ritcher, T., and Grundl, H. (2010). Don't They Care? Or, Are They Just Unaware? Risk Perception and the Demand for Long-Term Care Insurance. Journal of Risk and Insurance. vol. 77, pp. 715-747.

Browne, M. J., and Schmit, J. (2008). Litigation Patterns in Automobile Bodily Injury Claims. Journal of Risk and Insurance. vol. 75, pp. 83-100.

Browne, M. J., and Liu, W. (2007). First-Best Equilibrium in Insurance Markets with Transaction Costs and Heterogeneity. Journal of Risk and Insurance. vol. 74, pp. 739-760.

Browne, M. J., and Ma, Y. (2005). Premium Cross-Subsidization and Choice in the Group Health Insurance Market. Journal of Risk and Insurance.

Browne, M. J., Pryor, E., and Puelz, R. (2004). The Effect of Bad Faith Laws on the Value of Economic and Non-Economic Damages. Journal of Legal Studies. vol. 33,

Browne, M. J., Carson, J. C., and Hoyt, R. E. (2001). Dynamic Financial Models of Life Insurers. North American Actuarial Journal. vol. 5,

Browne, M. J., Chung, J., and Frees, E. W. (2000). International Property-Liability Insurance Consumption. Journal of Risk and Insurance. vol. 67, pp. 73-90.

Browne, M. J., and Hoyt, R. E. (2000). The Demand for Flood Insurance: Empirical Evidence. Journal of Risk and Uncertainty. vol. 20, pp. 291-306.