Dr. Yijia Lin, associate professor of finance at the University of Nebraska–Lincoln College of Business Administration, won the Early Career Scholarly Achievement Award from the American Risk and Insurance Association (ARIA), which recognizes distinguished achievement of a risk management and insurance scholar who is within ten years of receiving their Ph.D. Her publications in top tier journals helped pave the way for receiving the award.
“I am honored to receive the award because ARIA is one of the most influential risk and insurance organizations in the world,” said Lin. “It’s a very competitive process with many outstanding scholars nominated for the annual award.”
In the past three years alone, Lin authored five articles published in the Journal of Risk and Insurance, one article published in Insurance: Mathematics and Economics and another article published in the North American Actuarial Journal. Dr. Kathleen Farrell, chair of Department of Finance and State Farm Professor of Finance, explained Lin’s accomplishments are nearly unprecedented.
“All of the journals are on the actuarial science journal quality lists,” said Farrell, “In addition, the Journal of Risk and Insurance is considered the top risk management and insurance journal, whereas the Insurance: Mathematics and Economics journal is considered the top actuarial science journal. According to an external reviewer in her tenure year, even among scholars who have published in the Journal of Risk and Insurance, less than two percent have published five or more articles in that journal in a six-year time span. Yijia has five in three years.”
Lin, whose primary area of research is in risk management, contributes significantly in the emerging field of enterprise risk management. She believes her contributions help play a practical role in how firms look at risk management today compared to ten years ago.
“Enterprise risk management is a new development in risk management research,” she said. “Traditional risk insurance measures would manage risk individually by getting fire insurance for fire risk, or financial derivatives for price risk – so different risks are managed differently. In enterprise risk management, we don’t see that as the best way to manage risk. We integrate different risks and manage them holistically. My research looks at how to model risk and pool different risks together by considering their intercorrelations.”
She received the award at the 2016 ARIA annual meeting in Boston in August. Lin previously received the Brockett-Shapiro Actuarial Journal Award from ARIA in 2014, and the Robert I. Mehr Award for a literature contribution having a ten-year impact in the field of risk management and insurance form ARIA in 2015. She also received the Distinguished Research Award from CBA in April.