Dr. Kevin Ahlgrim A.S.A., M.A.A.A., Ph.D.
Associate Professor
Finance, Insurance and Law

Office
SFHB State Farm Hall Of Business 434
Office Hours
By appointment
Office Phone
Email
- About
- Education
- Awards & Honors
- 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
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 & Contracts
The Effect of Deflation or High Inflation on the Insurance Industry. Casualty Actuarial Society / Society of Actuaries. Other. (2012)
Modeling of Economic Series Coordinated with Interest Rate Scenarios. Casualty Actuarial Society / Society of Actuaries. Other.
Book Review
Ahlgrim, K. Book Review: Dull Disasters? How Planning Ahead Will Make a Difference. Journal of Risk and Insurance 87.3 (2020): 851-856.
Ahlgrim, K. Book review: Introductory stochastic analysis for finance and insurance. Journal of Risk and Insurance 78.2 (2011): 495-499.
Ahlgrim, K. Book Review: Financial Analysis: A User Approach. Journal of Risk and Insurance 71.3 (2004): 552-555.
Ahlgrim, K. Book Review: An Introduction to Derivatives and Risk Management, 5th ed.. Journal of Risk and Insurance 70.1 (2003): 177-179.
Conference Proceeding
Ahlgrim, K. Rewiring the Financial Curriculum. American Society of Business and Behavioral Sciences (2008)
Magazine/Trade Publication
Ahlgrim, K., Brandt, E., & Fears, G. Significant Risk Factors: Considerations for Medical Professional Liability Reserves. Inside Medical Liability (2018): 37-40.
Ahlgrim, K., Brandt, E., & Fears, G. Disclosing Material Risks in Medical Professional Liability Reserves. Inside Medical Liability (2016): 31-34.
Presentations
Company-Specific Risk Factors and Other RMAD Disclosures. Casualty Loss Reserving Seminar (CLRS). Casualty Actuarial Society. (2019)
Actuaries RMAD: Reviewing Disclosures in the Statement of Actuarial Opinion. Casualty Actuarial Society Annual Meeting. Casualty Actuarial Society. (2018)
Hoops risk: A problem-based learning activity in insurance. Western Risk and Insurance Association (WRIA) Annual Meeting. Western Risk and Insurance Association. (2018)
Dodd-Frank, State Insurance Regulation, and Future Reform Issues: A Primer for Public Policymakers. National Council of Insurance Legislators (NCOIL) Annual Meeting. National Council of Insurance Legislators (NCOIL). (2017)
Federal reform of financial services and the impact on insurance regulation. Insurance Financial Regulators Program. Katie School. (2017)
Insurtech: A disturbance in the force. Insurance Regulator Education Foundation Annual Meeting. (2017)
RMAD disclosures in the statement of actuarial opinion: An analysis of the evidence. Casualty Loss Reserving Seminar (CLRS). Casualty Actuarial Society. (2017)
RMAD disclosures in the statement of actuarial opinion: An analysis of the evidence. Western Risk and Insurance Association (WRIA) Annual Meeting. Western Risk and Insurance Association (WRIA). (2017)
Benchmarking Subrogation. Western Risk and Insurance Association (WRIA). (2015)
Historical Loss Ratios and State Specific Uncertainty. Western Risk and Insurance Association (WRIA). (2014)
Internal Models and Enterprise Risk Management. Midwest Finance Association Annual Meeting. (2010)
Presented: Developing Financial Acumen. Katie School Professional Development Program. (2008)
Presented: Enterprise Risk Management Program put on by Katie School of Insurance and Finance Services. Ken Smith Financial Regulators Program. (2008)
Presented: Technology Applications in Finance Courses. Finance Advisory Board Meeting. (2008)
Presented: The Katie School Insurance Wiki. Katie School Board meeting. (2008)
Rewiring the Financial Curriculum. American Society of Business and Behavioral Sciences. (2008)
The Application of ERM Frameworks to Insurance. American Risk and Insurance Association. (2007)
An Introduction to Stochastic Calculus. University of Illinois. (2006)
Enterprise Risk Management. Illinois State University Actuarial Research Program. (2006)
Modeling of Economic Series: Building a Financial Foundation for Enterprise Risk Management. Enterprise Risk Management Symposium. (2006)
Financial Planning Topics. Illinois State University Alumni Association. (2005)
Financial Planning and Retirement: Enjoyment or Anxiety. Academy of Seniors. (2005)
Modeling of Economic Series: Building a Financial Foundation for Enterprise Risk Management. Society of Actuaries (SOA). (2005)
Modeling of Economic Series: Building a Financial Foundation for Enterprise Risk Management. Enterprise Risk Management Symposium. (2005)
A Stochastic Evaluation of Pension Obligation Bonds. Illinois State University FIL Department Brownbag. (2004)