Dr. Yayuan Ren
Associate Professor
Katie Insurance School

Office
SFHB State Farm Hall of Business 418
Office Phone
Email
- About
- Education
- Awards & Honors
- Research
Biography
Dr. Ren's research interests include insurance company operations, corporate risk management, and corporate governance. Her research has published in Journal of Risk and Insurance, Journal of Banking and Finance, Geneva Papers on Risk and Insurance, and Journal of Insurance Issue, etc.
Current Courses
FIL 355.001 Insurance Company Operations
FIL 354.001 Risk Management
FIL 354.002 Risk Management
Teaching Interests & Areas
Risk Management and Insurance, Insurance Company Operation, Life Insurance.
Research Interests & Areas
Insurance company operations, corporate risk management, corporate governance, and insurance regulation.
PhD Risk Management & Insurance
University of Wisconsin - Madison
Madison, WI
MA Finance
Peking University
Beijing, China
BA Economics
Nankai University
Tianjin, China
FIL Department Outstanding Researcher
Illinois State University
2012
Educating Illinois In Action Award
Illinois State University
2009
Grants & Contracts
Katie School Research Grant. Katie School of Insurance and Risk Management. Illinois State University. (2025)
Katie School Research Grant. Katie School of Risk Management and Insurance. Local. (2024)
Katie School Research Grant. Katie School of Risk Management and Insurance. Local. (2023)
Katie School Research Grant. Katie School of Risk Management and Insurance. Local. (2022)
Katie School Research Grant. Katie School of Risk Management and Insurance. Local. (2021)
University Research Grant. Illinois State University. Local. (2021)
Katie School Faculty Development Grant. Katie School of Risk Management and Insurance Service. Illinois State University. (2020)
Katie School Research Grant. Katie School of Insurance and Risk Management. Illinois State University. (2019)
Katie Research Grant. Illinois State University. (2018)
Katie School Research Grant. Illinois State University. (2017)
Katie School Research Grant. Illinois State University. (2016)
Katie School Faculty Development Grant. Illinois State University. (2015)
Katie School Research Grant. Illinois State University. (2014)
Katie School Faculty Development Grant. Illinois State University. (2013)
Katie School Faculty Development Grant. Illinois State University. (2011)
University Research Grant. Illinois State University. (2011)
Katie School Research Grant. Illinois State University. (2010)
Katie School Research Grant. Illinois State University. (2009)
Katie School Faculty Development Grant. Illinois State University. (2008)
Katie School Research Grant. Illinois State University. (2007)
Conference Proceeding
Ren, Y., & Ma, Y. Institutional Ownership and Earnings Management: Evidence from U.S. Property-Casualty Insurance Companies. no. Conference Proceedings of 2024 China International Conference on Insurance and Risk Management (CICIRM 2024) (2024)
Ren, Y. An Examination of Herding Behavior in Insurer Underwriting. China International Conference on Insurance and Risk Management (2016)
Ma, Y., & Ren, Y. Is Catering Rewarded?: Evidence from the Insurance Industry. World Risk and Insurance Economics Congress (2015)
Ren, Y. Herding and Rationality of Insurance Pricing. Asia-Pacific Risk and Insurance Association (APRIA) (2012)
Ren, Y. Rationality of Insurance Pricing: Do Insurers Herd?. International Conference on Risk Management and Insurance (2012)
Ren, Y., Sun, Q., Sun, Z., & Yu, T. Investment Cycles In the Insurance Industry. Asia-Pacific Risk and Insurance Association (APRIA) (2009)
Ren, Y., & Schmit, J. Are High-Franchise-Value Firms More Prudent?-Evidence from the Property and Casualty Industry. Asia-Pacific Risk and Insurance Association (APRIA) (2008)
Presentations
Assessing the Vulnerability of U.S. Property-liability Insurers to Catastrophe Risk. 2025 World Risk and Insurance Economics Congress (WRIEC). ARIA, APRIA and EGRIE. (2025)
Assessing the Vulnerability of U.S. Property-liability Insurers to Catastrophe Risk. 2025 China Conference on Insurance and Risk Management (CCIRM 2025). Tsinghua University. (2025)
“Climate Change and Cost of Equity for Property Liability Insurers”. American Risk and Insurance Association (ARIA) Annual Conference. American Risk and Insurance Association (ARIA). (2024)
Institutional Ownership and Earnings Management: Evidence from U.S. Property-Liability Insurance Companies. 2024 China International Conference on Insurance and Risk Management. (2024)
Institutional Ownership and Earnings Management: Evidence from U.S. Property-Liability Insurance Companies. Department Research Seminar. St. John's University. (2023)
Institutional Ownership and Earnings Management: Evidence from U.S. Property-Liability Insurance Companies. Asian-Pacific Risk Managemenet and Insurance Association Annual Conference. Asian-Pacific Risk Managemenet and Insurance Association. (2023)
Life Annuity Puzzle?. MSR Research Seminar. Modern Risk Society. (2023)
Life Annuity Puzzle?. RMI Department Research Seminar. Temple University. (2023)
“Institutional Ownership and Earnings Management: Evidence from U.S. Property-Casualty Insurance Companies”. American Risk and Insurance Association (ARIA) Annual Conference. American Risk and Insurance Association (ARIA). (2022)
“Promise or Threat? Insights from Stock Market Reaction to InsurTech Innovation”. FIL Brown Bag Seminar. FIL Department. (2020)
Stock Market Reaction to InsurTech Innovations. American Risk and Insurance Association Annual Conference. American Risk and Insurance Association (ARIA). (2019)
Stock Market Reaction to InsurTech Innovations. Asia-Pacific Risk and Insurance Association (APRIA). Asia-Pacific Risk and Insurance Association (APRIA). (2019)
Stock Market Reaction to InsurTech Innovations. China International Conference on Insurance and Risk Management. China International Conference on Insurance and Risk Management. (2019)
Insurer Risk and Performance During and After the 2007-2008 Financial Crisis: The Role of Monitoring Institutional Ownership. Asia-Pacific Risk and Insurance Association Annual Meeting. (2018)
Insurer Risk and Performance During and After the 2007-2008 Financial Crisis: The Role of Monitoring Institutional Ownership. American Risk and Insurance Association Annual Meeting. (2018)
Machine Learning and its Application in Insurance. China International Conference on Insurance and Risk Management. (2018)
Insurer Risk and Performance During the 2007-2008 Financial Crisis: The Role of Monitoring Institutional Ownership. China International Conference on Risk Management and Insurance Economics. (2017)
Machine Learning and its Application in Insurance. National Association of Insurance Commissioners (NAIC) Annual Meeting. (2017)
Machine Learning and its Application in Insurance. Insurance Regulator Education Foundation. (2017)
"An Examination of Herding Behavior in Insurer Underwriting". CCISSR Forum, Beijing University. (2016)
"An Examination of Herding Behavior in Insurer Underwriting". Department of Risk Management and Insurance, Fudan University. (2016)
An Examination of Herding Behavior in Insurer Underwriting.. China International Conference on Risk Management and Insurance Economics. (2016)
Institutional Ownership and the Impact of Financial Shocks on Insurers. Western Risk and Insurance Association (WRIA). (2016)
Is Catering Rewarded?: Evidence from the Insurance Industry. World Risk and Insurance Economics Congress. (2015)
Move With the Market or Not: Real Options and Risk Implications. Asia-Pacific Risk and Insurance Association (APRIA). (2014)