Dr. Kevin Ahlgrim A.S.A., M.A.A.A., Ph.D.
Associate Professor

Office
SFHB State Farm Hall Of Business 434
Office Hours
By appointment
Office Phone
Email
- About
- Education
- Awards & Honors
- Selected Research
Biography
Kevin Ahlgrim is the current Chair of the Department of Finance, Insurance and Law at Illinois State University. He is an Associate of the Society of Actuaries and a Member of the American Academy of Actuaries. He has B.S. in actuarial science and a Ph.D. in finance, both from the University of Illinois. Prior to his academic career, Kevin worked as a health actuary.
Current Courses
FIL 251.001 Personal Risk Management
FIL 251.002 Personal Risk Management
FIL 299.001 Independent Honor Study
FIL 499.001 Independent Research For The Master's Thesis
FIL 287.001 Independent Study
FIL 400.001 Independent Study
PhD Finance
University of Illinois at Urbana-Champaign
Urbana-Champaign, Illinois
MS Finance
University of Illinois at Urbana-Champaign
Urbana-Champaign, Illinois
BS Actuarial Science
University of Illinois at Urbana-Champaign
Urbana-Champaign, Illinois
FIL Outstanding Teaching Award
Illinois State University FIL Department
2016
Wisdom's Torch Teaching and Learning Award
Illinois State University College of Business
2015
FIL Outstanding Teaching Award
Illinois State University FIL Department
2011
ADM Faculty Fellow
Archer-Daniels-Midland
2010
Outstanding MBA Professor
Illinois State University MBA Program
2008
FIL Outstanding Teaching Award
Illinois State University FIL Department
2008
Grants and Contracts
The Effect of Deflation or High Inflation on the Insurance Industry
Kevin Ahlgrim, Stephen P. D'Arcy
Casualty Actuarial Society / Society of Actuaries. 2012 - 2012
Modeling of Economic Series Coordinated with Interest Rate Scenarios
Kevin Ahlgrim, Stephen D'Arcy, Richard Gorvett
Casualty Actuarial Society / Society of Actuaries. - 2004
Book Review
Book Review: Dull Disasters? How Planning Ahead Will Make a Difference
Ahlgrim, K.
(2020), 87, 851-856, Journal of Risk and Insurance
Book review: Introductory stochastic analysis for finance and insurance
Ahlgrim, K.
(2011), 78, 495-499, Journal of Risk and Insurance
Book Review: Financial Analysis: A User Approach
Ahlgrim, K.
(2004), 71, 552-555, Journal of Risk and Insurance
Book Review: An Introduction to Derivatives and Risk Management, 5th ed.
Ahlgrim, K.
(2003), 70, 177-179, Journal of Risk and Insurance
Conference Proceeding
Rewiring the Financial Curriculum
Ahlgrim, K.
American Society of Business and Behavioral Sciences, (2008)
Journal Article
Insurance rating games: Strikes, spares, and bags
Ahlgrim, K., & Jones, J.
Risk Management and Insurance Review, 17 (2), 297-313, (2014)
A comparison of actuarial financial scenario generators
Ahlgrim, K., D'Arcy, S., & Gorvett, R.
Variance, 2 (1), 111-134, (2008)
Modeling Financial Scenarios: A Framework for the Actuarial Profession
Ahlgrim, K., D'Arcy, S., & Gorvett, R.
Proceedings of the Casualty Actuarial Society, (2005)
Effective Duration and Convexity of Liabilities for Property-Liability Insurers Under Stochastic Interest Rates, The
Ahlgrim, K., D'Arcy, S., & Gorvett, R.
Geneva Papers On Risk And Insurance Theory, 29 (1), 75-108, (2004)
Magazine/Trade Publication
Significant Risk Factors: Considerations for Medical Professional Liability Reserves
Ahlgrim, K., Brandt, E., & Fears, G.
Inside Medical Liability, (4th Quarter 2018), 37-40, (2018)
Disclosing Material Risks in Medical Professional Liability Reserves
Ahlgrim, K., Brandt, E., & Fears, G.
Inside Medical Liability, (First quarter 2016), 31-34, (2016)
Presentations
Company-Specific Risk Factors and Other RMAD Disclosures
Kevin Ahlgrim, Erich Brandt, Gregory Fears
Casualty Loss Reserving Seminar (CLRS), Austin, TX, September, 2019
Actuaries RMAD: Reviewing Disclosures in the Statement of Actuarial Opinion
Kevin Ahlgrim, Erich Brandt, Gregory Fears
Casualty Actuarial Society Annual Meeting, Las Vegas, NV, May, 2018
Hoops risk: A problem-based learning activity in insurance
Kevin Ahlgrim, James Jones
Western Risk and Insurance Association (WRIA) Annual Meeting, Las Vegas, NV, January, 2018
Insurtech: A disturbance in the force
Kevin Ahlgrim
Insurance Regulator Education Foundation Annual Meeting, Chicago, IL, November, 2017
RMAD disclosures in the statement of actuarial opinion: An analysis of the evidence
Kevin Ahlgrim, Erich Brandt, Gregory Fears
Casualty Loss Reserving Seminar (CLRS), Philadelphia, Pennsylvania, September, 2017
Federal reform of financial services and the impact on insurance regulation
Kevin Ahlgrim
Insurance Financial Regulators Program, Normal IL, June, 2017
Dodd-Frank, State Insurance Regulation, and Future Reform Issues: A Primer for Public Policymakers
Kevin Ahlgrim
National Council of Insurance Legislators (NCOIL) Annual Meeting, New Orleans Louisiana, March, 2017
RMAD disclosures in the statement of actuarial opinion: An analysis of the evidence
Kevin Ahlgrim, Erich Brandt, Gregory Fears
Western Risk and Insurance Association (WRIA) Annual Meeting, Santa Barbara, California, January, 2017
Benchmarking Subrogation
Kevin Ahlgrim
Scottsdale Arizona, , 2015
Historical Loss Ratios and State Specific Uncertainty
Kevin Ahlgrim, James Jones
Napa California, , 2014
Internal Models and Enterprise Risk Management
Kevin Ahlgrim
Las Vegas Nevada, , 2010
Presented: Developing Financial Acumen
Kevin Ahlgrim
null, , 2008
Presented: Enterprise Risk Management Program put on by Katie School of Insurance and Finance Services
Kevin Ahlgrim
null, , 2008
Presented: Technology Applications in Finance Courses
Kevin Ahlgrim
null, , 2008
Presented: The Katie School Insurance Wiki
Kevin Ahlgrim
null, , 2008
Rewiring the Financial Curriculum
Kevin Ahlgrim
Las Vegas Nevada, February, 2008
The Application of ERM Frameworks to Insurance
Kevin Ahlgrim, James Jones
Quebec City Canada, August, 2007
Enterprise Risk Management
Kevin Ahlgrim
Normal Illinois, April, 2006
Modeling of Economic Series: Building a Financial Foundation for Enterprise Risk Management
Kevin Ahlgrim
Chicago Illinois, April, 2006
An Introduction to Stochastic Calculus
Kevin Ahlgrim
Urbana-Champaign Illinois, March, 2006
Financial Planning and Retirement: Enjoyment or Anxiety
Kevin Ahlgrim
Normal Illinois, October, 2005
Modeling of Economic Series: Building a Financial Foundation for Enterprise Risk Management
Kevin Ahlgrim
New Orleans Louisiana, May, 2005
Modeling of Economic Series: Building a Financial Foundation for Enterprise Risk Management
Kevin Ahlgrim
Chicago Illinois, May, 2005
Financial Planning Topics
Kevin Ahlgrim
Chicago Illinois, April, 2005
A Stochastic Evaluation of Pension Obligation Bonds
Kevin Ahlgrim
Normal Illinois, October, 2004