S. S. Huebner Foundation for Insurance Education
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The S. S. Huebner Foundation for Insurance Education was established at the Wharton School of the University of Pennsylvania in 1941 to develop insurance education at the collegiate level by increasing the number of college faculty who teach insurance and enrich the literature in the field.
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[edit] History
The first 25 years after World War II saw rapid growth in the insurance industry (especially life insurance) and the demand for teachers during that time outstripped supply. Executives from the life insurance industry identified the need for more trained insurance professors and created the Foundation in 1941 to meet the shortage, support new research, publish studies in the field and increase the number of insurance economics textbooks while honoring the legendary Wharton professor, Dr. Solomon S. Huebner. The Huebner Foundation was incorporated as a Nonprofit Corporation in 1954. The Foundation is supported with contributions from insurance companies, foundations, and program alumni.
[edit] Solomon Huebner
Soloman S. Huebner, for whom the Huebner Foundation is named, is regarded as the father of insurance education having taught the first insurance economics course at the Wharton School of the University of Pennsylvania in 1904. His courses were so popular that insurance was granted departmental status 1913. Soloman Huebner wrote pioneering texts on life insurance, property insurance and marine insurance and founded the [American College] in 1927 and the [American Institute for Chartered Property Casualty Underwriters] in 1942, while teaching at Wharton until his retirement in 1953.
[edit] Fellowship Program
The Huebner Foundation provides doctoral fellowships consisting of the tuition and fees of the Wharton School and a $20,000 living stipend for a period of four years to qualified students from the United States and Canada who are preparing for a collegiate teaching career. Fellows must promise that their intent is to follow a career teaching insurance and risk management upon receipt of their PhD. Occasionally post-doctoral grants are extended to academicians who seek to develop their capability for teaching or researching in the field.
[edit] Huebner Monographs and Library
The Huebner Foundation sells insurance texts from the Huebner Monograph Series, including ISBN 0-256-05119-4 “An Introduction to Mathematical Risk Theory” by Hans U. Gerber. The Huebner Foundation also maintains a research library on the campus of the University of Pennsylvania that houses insurance company data, scholarly journals, and historical textbooks.
[edit] Alumni
More than 200 Huebner Fellows have completed doctoral or post-doctoral studies since 1941 and obtained faculty positions at universities that are recognized as leaders in insurance education including Georgia State, University of Georgia, Florida State, University of North Carolina at Chapel Hill, Temple University, University of Waterloo, Université Laval, University of Wisconsin-Madison, and others. Huebner alumni have also held positions at insurance industry educational institutions including the American Institute for Property-Liability Underwriters, American College of Life Underwriters, Certified Employee Benefit Specialist program, and the Life Office Management Association.
[edit] Funders
The Foundation is a 501c3 corporation and maintains a small endowment of approximately $1,000,000. Recent corporate donors have included the following companies including some that have donated for more than forty years: • Ameritas Charitable Foundation • Argonaut Group, Inc. • Baltimore Life Insurance Company (60+ years) • Bell United Insurance Company • Berkshire Life Insurance Company (subsidiary of Guardian Life Insurance) (60+ years) • CIGNA Corporation • Employers Reinsurance Corporation • Erie Insurance Group • Guardian Life Insurance Company (60+ years) • Jefferson-Pilot Financial (60+ years) • Liberty Mutual Group (40+ years) • Minnesota Life Insurance Company (60+ years) • Mutual of America • Nationwide Provident (formerly Provident Mutual Life Insurance Company) (60+ years) • New York Life (60+ years) • Northwestern Mutual Life Insurance Company • Pacific Life Foundation • Phoenix Home Life Mutual Insurance Company (40+ years) • Principal Financial Group • Protective Life Corporation • Prudential Foundation (40+ years) • State Farm Insurance Companies (60+ years) • The Metropolitan Life Insurance Company (60+ years) • Thrivent Financial for Lutherans • TIAA-CREF • Union Central Life Insurance Company
[edit] Mailing Address
S. S. Huebner Foundation for Insurance Education The Wharton School of the University of Pennsylvania, 3000 Steinberg Hall-Dietrich Hall, 3620 Locust Walk, Philadelphia, PA 19104-6302
