Thomas R. Berry-Stoelzle

Associate Professor and Director, Actuarial Science Program

212 Brooks Hall
310 Herty Drive
Athens, GA 30602
Phone Numbers
Work 706-542-5160
Email Address


Degree Field of Study Institution Graduation Year
  • Risk Management and Insurance
University of Cologne
  • Applied Mathematics
Ulm University

Research Interests

  • Corporate Risk Management
  • Insurance Company Operations
  • Insurance Economics


Award Name Awarded By Year Awarded
Honors Day Recognition of Outstanding Teachers
University of Georgia
Research Award
The Geneva Association / International Insurance Society
Distinguished Reviewer Award
Journal of Insurance Issues

Editorial Appointments

Position Name of Journal Year(s)
Associate Editor
Journal of Insurance Issues
2011 - present


Organization Title Year(s) Service Type
Asia Pacific Risk and Insurance Association
Board Member 2012 - 2015 Professional
Southern Risk and Insurance Association
Board Member 2010 - 2013 Professional
Western Risk and Insurance Association
Secretary/Treasurer 2012 - 2014 Professional

Selected Publications

Journal Articles

  • Berry-Stölzle, Thomas R., Gregory P. Nini, and Sabine Wende. 2014. External Financing in the Life Insurance Industry: Evidence from the Financial Crisis. Journal Of Risk And Insurance, (Forthcoming).
  • Berry-Stölzle, Thomas R., Robert E. Hoyt, and Sabine Wende. 2013. Capital Market Development, Competition, Property Rights, and the Value of Insurer Product-Line Diversification: A Cross-Country Analysis. Journal Of Risk And Insurance, 80(2):423-459.
  • Berry-Stölzle, Thomas R., Andre P. Liebenberg, Joseph S. Ruhland, and David W. Sommer. 2012. Determinants of Corporate Diversification: Evidence from the Property-Liability Insurance Industry. Journal Of Risk And Insurance, 79(2):381-413.
  • Berry-Stölzle, Thomas R. and Patricia Born. 2012. The Effect of Regulation on Insurance Pricing: The Case of Germany. Journal Of Risk And Insurance, 79(1):129-164.
  • Altuntas, Muhammed, Thomas R. Berry-Stölzle, and Robert E. Hoyt. 2011. Implementation of Enterprise Risk Management: Evidence from the German Property-Liability Insurance Industry. Geneva Papers On Risk And Insurance, 36(3):414-439.
  • Berry-Stölzle, Thomas R., Hendrik Kläver, and Shen Qiu. 2011. How Does the Liability Structure Affect Incentives to Invest in Hedge Funds? The Case of With-Profit Life Insurance. Journal Of Insurance Issues, 34(1):34-67.
  • Berry-Stölzle, Thomas R. and Patricia Born. 2010. Regulation, Competition and Cycles: Lessons from the Deregulation of the German Insurance Market. Journal Of Insurance Regulation, 28(2):105-139.
  • Berry-Stölzle, Thomas R. and Muhammed Altuntas. 2010. A Resource-Based Perspective on Business Strategies of Newly Founded Subsidiaries: The Case of German Pensionsfonds. Risk Management And Insurance Review, 13(2):173-193.
  • Berry-Stölzle, Thomas R., Marie-Claire Koissi, and Arnold F. Shapiro. 2010. Detecting Fuzzy Relationships in Regression Models: The Case of Insurer Solvency Surveillance in Germany. Insurance: Mathematics And Economics, 46(3):554-567.
  • Berry-Stölzle, Thomas R., Robert E. Hoyt, and Sabine Wende. 2010. Successful Business Strategies for Insurers Entering and Growing in Emerging Markets. Geneva Papers On Risk And Insurance, 35(1):110-129.
  • Berry-Stölzle, Thomas R. 2008. Evaluating Liquidation Strategies for Insurance Companies. Journal Of Risk And Insurance, 75(1):207-230.
  • Berry-Stölzle, Thomas R. 2008. The Impact of Illiquidity on the Asset Management of Insurance Companies. Insurance: Mathematics And Economics, 43(1):1-14.