Joan T. Schmit is the American Family Insurance Distinguished Chair of Risk Management and Insurance in the Wisconsin School of Business at the University of Wisconsin-Madison, where she has been on the faculty since 1988. Schmit also serves as an affiliate faculty member in the Nelson Institute for Environmental Studies at the University of Wisconsin, and in the insurance program at the University of St. Gallen in Switzerland. Prior to joining the faculty at UW-Madison, Professor Schmit spent four years on the faculty at the University of South Carolina following completion of her Ph.D. at Indiana University. She received her BBA and MBA from the Wisconsin School of Business and holds both the CPCU and ARM designations.
Currently Professor Schmit is the Chair of the Risk and Insurance Department in the Wisconsin School of Business, a position she has held several times previously over the past two decades. From 2008 to 2012, Professor Schmit served in the Dean’s office, holding the positions of Senior Associate Dean, Vice Dean, and Interim Dean.
Professor Schmit has published extensively in insurance and legal journals. Among her areas of expertise include insurance regulation, enterprise risk management, and the interaction of law and economics in an insurance and risk management context. She is a Past President of the American Risk and Insurance Association as well as the Risk Theory Society.