Dr. Stefan Schelling
__________________Dr.__________Stefan__________Schelling_________
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Institut f眉r Versicherungswissenschaften
__Universit盲t Ulm
_______Universit盲t Ulm
____89069____Ulm___
_______________Consultation hour
By email appointment
CV
- Current Position: Lecturer and Researcher at the Insitute of Insurance Science, 午夜探花
- 2019: Ph.D. in Management and Economics (Dr. rer. pol.) with focus Behavioral Insurance, Institute of Insurance Science, Ulm Univeristy
- 2014: Master of Science in Mathematics and Management, 午夜探花
- 2014: Master of Science in Mathematics, Syracuse University, NY, USA
For further information see
Teaching
List of Lectures and Seminars
- Winter Term 2024/25: Life-, Health- and Pension-Mathematics (Exercises: Maria HInken)
- Winter Term 2024/25: Ausgew盲hlte Aspekte der Versicherungsmathematik (Bachelorseminar)
- Winter Term 2024/25: WiMa-Praktikum II (with Prof. Kling and Prof. Ru脽)
- Summer Term 2024: Asset-Liability-Management in Insurance
- Winter Term 2023/24: Life-, Health- and Pension-Mathematics (Exercises: Yusha Chen)
- Winter Term 2023/24: Ausgew盲hlte Aspekte der Versicherungsmathematik (Bachelorseminar)
- Winter Term 2023/24: WiMa-Praktikum II (with Prof. Kling and Prof. Ru脽)
- Summer Term 2023: Actuarial Data Science (Exercises: Leonard Gerick)
- Summer Term 2023: Asset-Liability-Management in Insurance
- Summer Term 2023: Ausgew盲hlte Aspekte der Versicherungsmathematik (Bachelorseminar)
- Winter Term 2022/23: Life-, Health- and Pension-Mathematics (Exercises: Yusha Chen)
- Winter Term 2022/23: WiMa-Praktikum II (with Prof. Kling and Prof. Ru脽)
- Winter Term 2022/23: Ausgew盲hlte Aspekte der Versicherungswirtschaft (Bachelorseminar, with Prof. Chen)
- Winter Term 2022/23: Ausgew盲hlte Aspekte der Versicherungsmathematik (Bachelorseminar, with Prof. Zwiesler)
- Summer Term 2022: Asset-Liability-Management in Insurance
- Summer Term 2022: Actuarial Data Science (jointly with Prof. Chen)
- Winter Term 2021/22: Life-, Health- and Pension-Mathematics (Exercises: Dr. Rach)
- Winter Term 2021/22: Special Aspects of Insurance Mathematics (with Prof. Ru脽)
- Winter Term 2021/22: WiMa-Praktikum II (with Dr. Kling)
- Winter Term 2021/22: Ausgew盲hlte Aspekte der Versicherungswirtschaft (Bachelorseminar, with Prof. Zwiesler)
- Winter Term 2021/22: Ausgew盲hlte Aspekte der Versicherungsmathematik (Bachelorseminar, with Prof. Zwiesler)
- Summer Term 2021: Asset-Liability-Management in Insurance
- Winter Term 2020/21: Risk Management in Insurance (Exercises: T. Sehner)
- Winter Term 2020/21: Life-, Health- and Pension-Mathematics (Exercises: Dr. Rach)
- Winter Term 2020/21: Special Aspects of Insurance Mathematics (with Prof. Ru脽)
- Summer Term 2020: Risk Theory II (Exercises: Dr. Bosserhoff)
- Summer Term 2020: Asset-Liability-Management in Insurance (Prof. Zwiesler)
- Summer Term 2020: WiMa-Praktikum II (Prof. Ru脽)
- Summer Term 2020: Special Aspects of Insurance Mathematics (Dr. Kling)
- Winter Term 2019/20: Risk Theory I (jointly with Dr. Nguyen)
- Winter Term 2019/20: Investition (Prof. Zwiesler)
- Winter Term 2019/20: Special Aspects of Insurance Mathematics (Prof. Ru脽)
- Winter Term 2019/20: WiMa Praktikum II (Dr. Kling)
- Summer Term 2019: Asset-Liability-Management in Insurance (Prof. Zwiesler)
- Summer Term 2019: Rechnungslegung f眉r Aktuare (Dr. Dotterweich)
- Summer Term 2019: Robust and Subjective Approaches in Risk Management (Special Topics in Actuarial Mathematics) (Dr. Stahl)
- Summer Term 2019: WiMa Praktikum II (Prof. Ru脽)
- Winter Term 2018/19: Selected Topics in Insurance Mathematics (Prof. Ru脽)
- Winter Term 2018/19: Von der Standardformel zum internen Modell (Dr. Stahl)
- Summer Term 2018: Asset-Liability-Management in Insurance (Prof. Zwiesler)
- Summer Term 2018: Ausgew盲hlte Aspekte in Aktuarwissenschaften (Dr. Pfeuffer/Bergmann)
- Winter Term 2017/18: Investition (Prof. Zwiesler)
- Winter Term 2017/18: Masterseminar Aktuarwissenschaften (Prof. Ru脽)
- Winter Term 2017/18: WiMa Praktikum (Prof. Stahl)
- Summer Term 2017: Asset-Liability-Management in Insurance (Prof. Zwiesler)
- Summer Term 2017: Operationelles Risiko - Einf眉hrung in die Theorie und Praxis bei Versicherungen (Dr. Stahl)
- Winter Term 2016/17: Ausgew盲hlte Aspekte der Versicherungsmathematik (Bachelorseminar, Prof. Zwiesler)
- Winter Term 2016/17: Ausgew盲hlte Aspekte der Versicherungswirtschaft (Bachelorseminar, Prof. Zwiesler)
- Winter Term 2016/17: Qualitatives Risikomanagement in der Versicherung (Dr. Stahl)
- Summer Term 2016: Asset-Liability-Management in Insurance (Prof. Zwiesler)
- Summer Term 2016: Ausgew盲hlte Aspekte der Versicherungsmathematik (Bachelorseminar, Prof. Zwiesler)
- Summer Term 2016: Qualitatives Risikomanagement in der Versicherung (Dr. Stahl)
- Summer Term 2016: Brush-Up Kurs (Versicherungwirtschaft)
- Winter Term 2015/16: Investition (Prof. Zwiesler)
- Winter Term 2015/16: Modellunsicherheit und Validierung interner Modelle unter Solvency II (Dr. Stahl)
- Winter Term 2015/16: Masterseminar Aktuarwissenschaften (Dr. Nguyen, Schelling)
- Summer Term 2015: Asset-Liability-Management in Insurance (Prof. Zwiesler)
- Summer Term 2015: WiMa Praktikum II (Akuarwissenschaften) (Prof. Ru脽, Prof. Zwiesler)
- Summer Term 2015: Qualitatives Risikomanagement in der Versicherung (Dr. Stahl)
- Winter Term 2014/15: Ausgew盲hlte Aspekte der Versicherungswirtschaft (Bachelorseminar, Prof. Zwiesler)
- Winter Term 2014/15: Kommunikation f眉r Aktuare (ASQ-Seminar, Bonikowski, Prof. Zwiesler)
Bachelor's and Master's Thesis
If there is interest in writing a bachelor's or master's thesis, I am always available for inquiries. Please find some more information here.
Past Supervised Theses
2024
- Auswirkungen der subjektiven Wahrnehmung auf die Bewertung von Altersvorsorgeprodukten
- Attractiveness of common withdrawal rules in old age from a policyholder perspective
- Analysis of Variable Annuity Valuation Using Machine Learning Methods
- On the Impact of Subjective Probability Beliefs and Discounting on the Attractiveness of Withdrawal Strategies in Old Age
- Analysis of a Generic Return Smoothing Mechanism in Insurer's Cover Funds
- Insurance Capital Standard: Overview and an Analysis of the Interest Rate Charge
- Analysis of Surplus in Life Insurance based on Thiele麓s Differential Equation
- Climate Risk Perception among Professionals 鈥� An Empirical Analysis of the Role of Behavioral Risk Management in Insurance
- A New Fuzzy Logic Strategy for Multi-Criteria Decision Making with Applications in Insurance
- Fairness und Nachhaltigkeit der gesetzlichen Renten: Analyse der Risikoteilungs- Mechanismen unter Ber眉cksichtigung des Rentenpakets II
- Machine Learning Methods in Insurance with an Application to Fraud Detection
- Modeling and Valuation of Sustainability-Linked Bonds in the Light of Shock Events
- Einzelvertragliche Bewertung von Garantien bei kollektiver Kapitalanlage: Analyse von Zuordnungsregeln der Verm枚genswerte
- A Study on Qutlier Analysis and Stochastic Methods for Sharp Internal Estimation of Ultimate Claims in Loss Reserving
- Sterblichkeitsmodellierung in der Lebensversicherung - datenbasierte Herleitung und Analyse von altersabh盲ngigen Quoten
2023
- On the Explainability of Machine Learning Methods in Internal Models
- Analysis of Sustainability Reports using Text Mining Approaches
- Identifizierung repr盲sentativer Risikoszenarien mittels Data Analytics
- The Impact of Artificial Intelligence on the Insurance Industry and its Products
- Grundlagen der Fuzzy-Logik und ihre Anwendung zur Modellierung der Anlagestrategie von Versicherungsnehmern bei fondsgebundenen Lebensversicherungen
Field of Research
- Behavioral insurance
- Aspects of retirement savings (optimal saving, guarantees, annuity puzzle, etc.)
- Prospect theory
Video with some insights:
Scientific Publications and Preprints
- Jochen Ru脽, Stefan Schelling, & Benedikt Schultze: The Benefits of Return Smoothing in Insurer鈥檚 Cover Funds 鈥� Analyses From a Client鈥檚 Perspective, The European Journal of Finance, 2024, [], [Link Preprint]
- Jochen Ru脽, Stefan Schelling, & Benedikt Schultze: What to Offer If Consumers Do Not Want What They Need? A Simultaneous Evaluation Approach with an Application to Retirement Savings Products, European Actuarial Journal, 2023, [] , [Link Preprint]
- An Chen, Stefan Schelling, & Nils S酶rensen: On the Impact of Low Interest Rates on Common Withdrawal Rules in Old Age, The European Journal of Finance, 2022, []
- Jochen Ru脽 & Stefan Schelling: Return smoothing in life insurance from a client perspective, Insurance: Mathematics and Economics, 2021 []
- Previous version: Return smoothing and risk sharing elements in life insurance from a client perspective, Preprint, [Link]
- Stefan Graf, Jochen Ru脽, & Stefan Schelling: As you like it: Explaining the demand for life-cycle funds with multi cumulative prospect theory, Risk Management and Insurance Review, 22(2): 221鈥� 238, 2019 []
- Andreas Richter, Jochen Ru脽, & Stefan Schelling: Insurance Customer Behavior: Lessons from Behavioral Economics, Risk Management and Insurance Review 22(2): 183鈥� 205, 2019 []
- Jochen Ru脽 & Stefan Schelling: Multi Cumulative Prospect Theory and the Demand for Cliquet-Style Guarantees, Journal of Risk and Insurance 85(4): 1103鈥�1125, , 2018, ]
- Awarded with the by Deutsches Institut f眉r Altersvorsorge -
Preprints:
- Alexander Kling, Timon Kramer, Jochen Ru脽, & Stefan Schelling: Intertemporal smoothing and intergenerational risk sharing: The impact on objective utility and subjective attractiveness of retirement savings products, Preprint 2024, []
- An Chen & Stefan Schelling: Exploring Health Improvement Incentives Through Wellness-linked Products, Preprint 2024, []
- Stefan Schelling: When and how framing makes annuitization appealing: a model-based analysis, Preprint 2018, [Link]
Dissertation:
- Behavioral Aspects of Product Design and Demand in Retirement Savings []
- Awarded with by the Geneva Association, by the German Society for Insurance and Financial Mathematics (DGVFM) and the German Actuarial Association (DAV), of the Association for the Advancement of Insurance Research in Hamburg, by the Association for the Advancement of Insurance Research in Berlin, by the Financial Planning Standards Board Deutschland e.V. (FPSB Deutschland).
Further Publications
- Andreas Richter, Jochen Ru脽, & Stefan Schelling: Moderne Verhaltens枚konomie in der Ruhestandsplanung. In Ruhestandsplanung-Beratungsansatz f眉r die Zielgruppe 50plus. Springer Gabler, Wiesbaden, 2020, []
- Andreas Richter, Jochen Ru脽, & Stefan Schelling: Moderne Verhaltens枚konomie in der Versicherungswirtschaft - Denkanst枚脽e f眉r ein besseres Verst盲ndnis der Kunden, Springer Gabler, DOI: 10.1007/978-3-658-19841-1, 2018, []
- Jochen Ru脽 & Stefan Schelling: Bedarfsgerecht, aber unbeliebt鈥� Nutzen und Akzeptanz der lebenslangen Rente. Studie, 2018 []
- Jochen Ru脽 & Stefan Schelling: Die lebenslangen Rente: Bedarfsgerecht, aber unbeliebt. I-VW-HSG Trendmonitor, Ausgabe 1/2019
- Jochen Ru脽 & Stefan Schelling: Bedarfsgerecht, aber unbeliebt鈥� Nutzen und Akzeptanz der lebenslangen Rente. Versicherungsrundschau, Ausgabe 10/18
- Jochen Ru脽 & Stefan Schelling: Wie man das Rentenratsel l枚st. Cash.Special Versicherungen, Ausgabe 02/2018
Selected Talks
- 04/2024 MAF Conference, Le Havre - On the the economics of wellness-linked insurances
- 03/2024 EAA Convention A, e-conference - On the the economics of wellness-linked insurances
- 02/2024 Ulm Actuarial Day, Ulm - On the the economics of wellness-linked insurances
- 12/2022 CEAR/MRIC Behavioral Insurance Workshop, Munich - Discussion
- 09/2022 EAA Convention A, e-conference [] - Guarantees in retirement planning: How can we help consumers to want what they need []
- 03/2022 ZAWIW Fr眉hjahrsakademie, Ulm [] - Subjektive Risikowahrnehmung und kollektive Risikoabsicherung
- 04/2020 DAV/DGVFM Jahrestagung, e-conference [] - Behavioral Aspects of Product Design and Demand in Retirement Savings
- 10/2019 Risk and Statistics - 2nd ISM-UUlm Joint Workshop, Ulm
- 03/2019 2nd Ulm Actuarial Day, Ulm [] - Return Smoothing and Risk Sharing Elements in Life Insurance from a Client Perspective
- 12/2018 CEAR/MRIC Behavioral Insurance Workshop, Munich
- 09/2018 Deutsche R眉ck Leben Forum, D眉sseldorf
- 08/2018 Annual Meeting American Risk and Insurance Association (ARIA), Chicago
- 06/2018 International Congress of Actuaries (ICA), Berlin
- 03/2017 Jahrestagung Deutscher Verein f眉r Versicherungswissenschaften, Berlin
- 12/2016 CEAR/MRIC Behavioral Insurance Workshop, Munich
- 08/2015 World Risk and Insurance Economics Congress (WRIEC), Munich
- 06/2015 Congress on Insurance: Mathematics and Economics (IME), Liverpool
Other Activities
- Contact Person
- Contact person for questions related to Actuarial Exams (DAV) at 午夜探花
- Contact person for "Masterstudium Aktuarwissenschaften mit vertiefter Praxis"
- Managing Jury Member of the SCOR Actuarial Award (Germany)
- University (Committee) Service
- Member of the Faculty Council (Mathematics and Economics) - since 2021
- Member of the Licensing Commitee M. Sc. Aktuarwissenschaften - since 2023
- Deputy member of the Licensing Committee M.Sc. Finance - since 2021
- Organization of Scientific Conferences
- 2021: Member of the Organizing Committee of the (virtual) []
- 2016 - 2018: Assistant of the Scientific Committee of the []
- Referee Service for Academic Journals
- Annals of Actuarial Science, ASTIN Bulletin, European Actuarial Journal, Journal of Risk and Insurance, etc.
- Selected Memberships
- Akademie f眉r Wissenschaft, Wirtschaft und Technik der Universit盲t Ulm e.V.
- American Risk and Insurance Association (ARIA)
- Deutsche Gesellschaft f眉r Versicherungs- und Finanzmathematik e.V. (DGVFM)
- Verein zur F枚rderung der Versicherungswissenschaft in Berlin e.V.