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Headshot photo of Byeongyong Paul Choi, Ph.D., CPCU

B. Paul Choi

Professor and Director of Center for Insurance Education

  • Finance & International Business
  • School of Business


Dr. B. Paul Choi joined the Department of Finance, International Business and Insurance in 2002, after serving as Instructor at Temple University, Philadelphia, PA. His primary research areas of interest include: Insurance Market Structure, Performance and Efficiency, and International Insurance. Choi has received a number of awards and distinctions including Chartered Property Casualty Underwriter (CPCU) 2001, best in track award, outstanding research award, and several research grants. Choi has served as Faculty Advisor of Gamma Iota Sigma, Director of Summer Actuarial Program and Instructor of Actuarial Study Program. He is also currently serving as a director of Center for Insurance Education. He is a member of Board of Directors of Academy of Finance and an editorial board member of Risks and Journal of Finance Issues. Choi holds a Ph.D. from Temple University, Philadelphia, PA.

Areas of expertise

  • Insurance Market Structure
  • Performance and Efficiency
  • Liquidity Creation
  • Advertising Impact
  • International Insurance


  • Ph.D., Risk Management and Insurance, Temple University, Philadelphia, 2002
  • MS, Risk Management and Insurance, Georgia State University, Atlanta, 1997
  • BS, International Trade, Hankuk University of Foreign Studies, Seoul, 1991

Courses Taught

  • Finance Principles
  • Risk and Insurance
  • Life and Health Insurance
  • Property Liability Insurance
  • Risk Management

Selected Research

  • “The Impact of Internal and External Reinsurance on Insurers’ Performance and Price” with J. Park, and C. Ho, Managerial Finance, 2021
  • "Liquidity Transformation: An Examination of U.S. Life Insurers," with J. Park and C. Ho, Managerial Finance, 2016
  • "Foreign-Owned Insurer Performance in the U.S. Property-Liability Markets," with E. Elyasiani, Applied Economics, 2011
  • "Distribution System Choice in a Service Industry: An Analysis of International Insurance Firms Operating in the United States," with Parente, Slangen, and Ketkar, Journal of International Management, 2010
  • "The U.S. Property and Liability Insurance Industry: Firm Growth, Size and Age," Risk Management and Insurance Review, 2010
  • "State Regulation and the Structure, Conduct, Efficiency, and Performance of U.S. Auto Insurers," with Mary A. Weiss, Journal of Banking and Finance. 2008
  • "An Empirical Investigation of Market Structure, Efficiency, and Performance in Property-Liability Insurance," with Mary A. Weiss, The Journal of Risk and Insurance, 2005