2019–Present — UIBE, School of Insurance — Professor (Fast-track appointment)
2015–2018 — UIBE, School of Insurance — Associate Professor
2014.02–2015.01 — The University of Texas at Austin, McCombs School of Business — Visiting Scholar
2010–2014 — University of International Business and Economics (UIBE), School of Insurance — Lecturer
2009.01–2009.04 — The University of Hong Kong, Department of Statistics and Actuarial Science — Visiting Scholar
2007–2010 — Tsinghua University, School of Economics and Management — Postdoctoral Researcher (Applied Economics)
2007 — China University of Mining and Technology (Beijing), School of Management — PhD (Management Science and Engineering)
Main Research Areas
Uncertainty economics and insurance economics
InsurTech and behavioral insurance
Social security and commercial insurance for healthcare and retirement
Catastrophe risk and insurance under climate change
Household risk management
Selected Publications (Journal Articles)
Chen, H., Gao, J., Zhu, W. "A Unified Framework for Insurance Demand and Mortality Immunization." North American Actuarial Journal, 2023.
Bi, H., Zhu, W. (Corresponding author). "Nonmonotonic Risk Preferences over Lottery Comparison." European Journal of Operational Research, 2022, 303(3), 1458–1468.
Luo, S., Wang, M., Zhu, W. "Time-inconsistent Life-cycle Consumption and Retirement." Applied Mathematics and Computation, 2022, 433, 127396.
Luo, S., Wang, M., Zhu, W. "Stochastic differential reinsurance games in diffusion approximation models." Journal of Computational and Applied Mathematics, 2021, 386, 1132–1152.
Ai, J., Zhao, L., Zhu, W. "Self-Control, Effort Procrastination, and Competitive Equilibrium in Insurance Markets." Journal of Risk and Insurance, 2020, 87(3), 751–782.
Bi, H., Huang, R., Tzeng, L., Zhu, W. (Corresponding author). "Higher-order Omega: A Performance Index with a Decision-Theoretic Foundation." Journal of Banking and Finance, 2019, 100, 43–57.
Bi, H., Zhu, W. (Corresponding author). "The Non-integer Higher-Order Stochastic Dominance." Operations Research Letters, 2019, 47, 77–82.
Luo, S., Wang, M., Zhu, W. (Corresponding author). “Maximizing a Robust Goal-reaching Probability with Penalization on Ambiguity.” Journal of Computational and Applied Mathematics, 2019, 341, 261–281.
Ai, J., Zhao, L., Zhu, W. "Portfolio Choice in Personal Equilibrium." Economics Letters, 2018, 170, 163–167.
Ai, J., Brockett, P., Golden, L., Zhu, W. "Health State Transitions and Longevity Effects on Retirees' Optimal Annuitization." Journal of Risk and Insurance, 2017, 84, 319–343.
Ai, J., Zhao, L., Zhu, W. "Contracting with Present-Biased Consumers in Insurance Markets." Geneva Risk and Insurance Review, 2016, 41(2), 107–148.
Zhao, L., Zhu, W. "Ambiguity Aversion: A New Perspective on Insurance Pricing." ASTIN Bulletin, 2011, 41(1), 157–189.
Working Papers / Work in Progress
Zhu, W., Zhang, H. "Household Poverty Vulnerability from a Risk Perspective: Evidence from Major Illness Shocks." (Under third-round review at Economic Research Journal).
Zhu, W., Wang, X., Zhu, L. "Evaluation of Targeted Poverty Alleviation from a Poverty Vulnerability Perspective." (External review at Economic Research Journal).
Ai, J., Zhu, W. "Consumer Passiveness and Retail Financial Advice." Working paper.
Zhang, H., Zheng, W., Zhu, W. "Procrastinated Participation and Government Promotion in Social Insurance Expansion." Working paper.
Shi, X., Sun, S., Zhu, W. "More Benefits and Less Moral Hazards? Evidence from the Unemployment Insurance System in China." Working paper.
Chen, H., Zhu, W. "The Determinants of Late-Life Saving." Work in progress.
Research Grants and Projects (Selected)
Principal Investigator, UIBE Major Project Pre-research: A China Path to Strengthening Social Security from Heterogeneous Participation and Government Promotion (2023–2026).
Principal Investigator, UIBE Outstanding Young Scholar Project: Inequality in China's Retirement Protection and Policy Responses (2021–2024).
Principal Investigator, National Social Science Fund (General): Urban Household Poverty Vulnerability from a Risk Perspective (2018.07–2021.06).
Principal Investigator, Beijing Social Science Fund (Youth): Design and Policy Evaluation of Beijing Long-term Care Insurance (2017.09–2020.06).
Principal Investigator, MOE Humanities & Social Sciences (General): Asymmetric Information Tests and Welfare Effects of Basic Medical Insurance vs. Supplementary Insurance (2017–2019).
Principal Investigator, NSFC Youth: Insurance Decisions and Contract Incentives under Time-inconsistent Preferences (2013–2015).
Participant, NSFC General: Policy Evaluation of Urban–Rural Basic Medical Insurance Integration under Inequality (2023–2026).
Participant, National Social Science Fund Major: Targeted Poverty Alleviation Research Based on Insurance Actuarial Approaches (2017–2021).
Participant, National Social Science Fund Key: Catastrophe Risk Management System and Insurance Mechanism Innovation (2011–2013).
Academic Service
Reviewer for journals including: Risk Management and Insurance Review, North American Actuarial Journal, Journal of Insurance Issues, China Finance Review International, and major Chinese journals such as Economic Research Journal (经济研究), 财经研究, 保险研究, 系统工程理论与实践, among others.
Selected Academic / Professional Talks (Examples)
"Financial Advice: An Economic Analysis," Tsinghua University Summer Insurance Workshop, 12 Jul 2023.
"Procrastinated Participation in Social Insurance Expansion," Central University of Finance and Economics, 19 Jun 2023.
"More Benefits and Less Moral Hazards?," Shanghai University of Finance and Economics, 25 Apr 2023.
"Consumer Passiveness and Retail Financial Advice," Peking University (4 Jun 2021) and Central University of Finance and Economics (11 Jun 2021).
Additional invited talks and conference presentations on behavioral insurance, retirement/health insurance, and catastrophe reinsurance design (as listed in the provided record).