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Erwann O. Michel-Kerjan is managing director of the Wharton Risk Management and Decision Processes Center at the Wharton School, where he also teaches Value Creation in the Wharton M.B.A. program.
His work focuses on developing strategies and policies for managing and financing extreme events, primarily natural disasters and mega-terrorism, optimal catastrophe risk sharing in public-private partnerships, climate change, the economics of national security, energy interdependence, and nonproliferation. His work also includes projects on critical services protection in collaboration with the defense industry and federal agencies.
Michel-Kerjan is a founding member and elected chairman of the OECD High Level Advisory Board on Financial Management of Large-Scale Catastrophes established by the Secretary General of the OECD in 2006. He also serves on the World Economic Forum's Global Agenda Council on Natural Disasters.
He has studied at McGill and Harvard and joined Wharton in 2002 after he completed his doctoral studies in economics and mathematics at the Ecole Polytechnique in Paris, where he is currently a Faculty Research Associate.
Michel-Kerjan has authored or co-authored more than forty publications at the crux of financial management and global risk governance, and his views regularly appear in the leading media. His first book was Treatise on New Risks (with O. Godard, C. Henry, and P. Lagadec, 2002).
From 2003 to 2005 he served on the OECD Task Force on Terrorism Insurance, which published Terrorism Insurance in OECD Countries in July 2005, and in 2005 he co-led, with Howard Kunreuther, the Wharton initiative TRIA and Beyond on the future of terrorism risk financing in the United States.
His book, Seeds of Disaster, Roots of Response: How Private Action Can Reduce Public Vulnerability (with P. Auerswald, L. Branscomb, and T. LaPorte, 2006), is the first to analyze the private efficiency-public vulnerability trade- in the context of extreme event management. In 2007, Michel-Kerjan was named a Young Global Leader by the World Economic Forum (Davos), a five-year nomination bestowed to recognize and acknowledge the most extraordinary leaders of the world under the age of forty.
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