Portrait of Dr Simone Krummaker

Dr Simone Krummaker

Associate Professor of Insurance and Head of Faculty of Actuarial Science & Insurance

Bayes Business School , Faculty of Actuarial Science and Insurance

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About

Overview

Simone Krummaker is an Associate Professor of Insurance and the Head of Faculty of Actuarial Science & Insurance at Bayes Business School. She holds a doctoral degree (Dr. rer. pol.) and a German University degree (Diplom Ökonom) in Business and Economics from the Leibniz University of Hannover and is Insurance Lead & Senior Fellow at the lill Institute for Public Value.

Simone is an experienced insurance researcher, educator and academic leader working at the intersection of theory, practice and innovation, with a strong track record of translating applied, empirical research into insights that inform industry strategy, decision-making, teaching, and executive engagement.    With over a decade in the insurance industry and more than 20 years in research, education, advisory and knowledge transfer, Simone has worked with insurers, export credit agencies and governments, as well as a range of financial services firms. Her work spans topics such as corporate insurance demand, export credit and political risk, and sustainability in insurance, with a growing focus on how data, analytics and emerging technologies are reshaping insurance value chains. Simone is a regular speaker on these themes for industry and policy audiences.   

Simone started her career in the insurance industry in several positions such as underwriting and controlling. She is also a certified insurance professional (Versicherungskauffrau, Chamber of Industry and Commerce). Simone joined the Centre for Risk and Insurance at Leibniz University of Hannover as a Lecturer and Researcher in insurance in 2003 and also led several projects and successful grant applications there. In 2012 Simone moved to London to help starting up University of East Anglia’s London campus before joining Westminster Business School as a Senior Lecturer in Finance. In September 2018 Simone joined Bayes’ Faculty of Actuarial Science and Insurance. 

Qualifications

  • Fellow, Higher Education Academy, United Kingdom
  • Senior Fellow, Higher Education Academy / Advance HE
  • Doctor rer. pol., Leibniz University of Hannover, Germany
  • Diplom-Ökonom, Leibniz University of Hannover, Germany
  • Versicherungskauffrau (Insurance Professiona), Hannover Chamber of Commerce and Industry (IHK), Germany

Employment

  • Insurance Lead & Senior Fellow, lill Insitute for Public Value, UK & Germany, August 2025 - present
  • Head of Faculty of Actuarial Science &Insurance, Bayes Business School, United Kingdom, August 2025 - present
  • Associate Professor of Insurance, Bayes Business School, United Kingdom, August 2023 - present
  • Associate Dean for the MSc Programmes, Bayes Business School, United Kingdom, August 2021 - July 2025
  • Course Director MSc Insurance & Risk Management, Bayes Business School, United Kingdom, September 2019 - December 2021
  • Senior Lecturer in Insurance, Bayes Business School, United Kingdom, September 2018 - July 2023
  • Fellow, Offenburg University of Applied Sciences, Germany, April 2018 - July 2025

Expertise

Primary topics

  • Insurance

Additional topics

  • Non-life Insurance
  • Reinsurance
  • Risk Management
  • International Trade

Research

Research topics

Firm's demand of insurance

Research students

Linus Akanoh

Attendance: 2019 - present

Role: 2nd Supervisor

Publications

Chapters (5)

  1. Krummaker, S. (2020). Export Credit Insurance Markets and Demand. (pp. 536-554). Wiley. ISBN 9781119167389.
  2. Krummaker, S. and Thomann, C. (2018). Aspekte der Versicherung von Unternehmen. In Schulenburg, J. (Ed.), Festschrift for Prof. dr. J.-Matthias Graf von der Schulenburg (pp. 95-127). Karlsruhe: Verlag Versicherungswissenschaft. ISBN 9783963290398.
  3. Zuchandke, A., Reddemann, S. and Krummaker, S. (2012). Financing Long-Term Care in Germany. Financing Long-Term Care in Europe (pp. 214-235). Palgrave Macmillan UK. ISBN 9781349320790.
  4. Hippe, K., Krummaker, S. and Schulenburg, J.-.M.G.V.D. (2011). Alternativer Risikotransfer als Ergänzung des Risikomanagements von Unternehmen. In Eckstein, A. and Liebetrau, A. (Eds.), Insurance & innovation:Ideen und Erfolgskonzepte von Experten aus derr Praxis (pp. 27-50). Karlsruhe: Verlag Versicherungswirtschaft. ISBN 9783899525779.
  5. Krummaker, S. (2008). Aspekte strategischen und operativen Controllings. In Greiner, W., Schulenburg, J.-.M.G.V.D. and Vauth, C. (Eds.), Gesundheitsbetriebslehre Management von Gesundheitsunternehmen (pp. 437-450). Bern: Huber. ISBN 9783456845968.

Journal articles (10)

  1. Krummaker, S. and Klasen, A. (2025). Reinsuring Export Credit Agencies: What Drives Demand? Journal of World Trade, 59(Issue 3), pp. 343-372. doi:10.54648/trad2025022

    [publisher’s website]

  2. Klasen, A., Krummaker, S., Beck, J. and Pennington, J. (2024). Navigating geopolitical and trade megatrends: Public export finance in a world of change. Global Policy, 15(5). doi:10.1111/1758-5899.13417

    [publisher’s website]

  3. Isakson, A., Krummaker, S., Martínez-Miranda, M.D. and Rickayzen, B. (2021). Calendar Effect and In-Sample Forecasting Applied to Mesothelioma Mortality Data. Mathematics, 9(18), pp. 2260-2260. doi:10.3390/math9182260

    [publisher’s website]

  4. Bärtl, M. and Krummaker, S. (2020). Prediction of Claims in Export Credit Finance: A Comparison of Four Machine Learning Techniques. Risks, 8(1), pp. 22-22. doi:10.3390/risks8010022

    [publisher’s website]

  5. Krummaker, S. (2019). Firm's demand for insurance: An explorative approach. Risk Management and Insurance Review, 22(3), pp. 279-301. doi:10.1111/rmir.12128

    [publisher’s website]

  6. Schwarzbach, C., Krummaker, S. and Graf v. d. Schulenburg, J.-.M. (2012). Chancen und Herausforderungen der Rückversicherung in der gesetzlichen Krankenversicherung. Zeitschrift für die gesamte Versicherungswissenschaft, 101(2), pp. 209-222. doi:10.1007/s12297-012-0188-0

    [publisher’s website]

  7. Zuchandke, A., Reddemann, S., Krummaker, S. and von der Schulenburg, J.-.M.G. (2010). Impact of the Introduction of the Social Long-Term Care Insurance in Germany on Financial Security Assessment in Case of Long-Term Care Need. The Geneva Papers on Risk and Insurance - Issues and Practice, 35(4), pp. 626-643. doi:10.1057/gpp.2010.26

    [publisher’s website]

  8. Krummaker, S. and Graf von der Schulenburg, J.-.M. (2008). Die Versicherungsnachfrage von Unternehmen: Eine Empirische Untersuchung der Sachversicherungsnachfrage deutscher Unternehmen. Zeitschrift für die gesamte Versicherungswissenschaft, 97(1), pp. 79-97. doi:10.1007/s12297-008-0004-z

    [publisher’s website]

  9. Basse, T., Friedrich, M., Krampen, B. and Krummaker, S. (2007). Strategisches Asset-Liability Management in der Versicherungswirtschaft — Ein Ansatz zur integrierten Bilanzstrukturoptimierung. Zeitschrift für die gesamte Versicherungswissenschaft, 96(4), pp. 617-648. doi:10.1007/bf03353552

    [publisher’s website]

  10. Greiner, W., Krummaker, S., Graf von der Schulenburg, J.-.M. and Bestehorn, K. (2006). Krankheitskostenanalyse eines neu aufgetretenen Diabetes mellitus Typ 2. Diabetologie und Stoffwechsel, 1(4), pp. 237-244. doi:10.1055/s-2006-947205

    [publisher’s website]

Working papers (2)