Professor Hato Schmeiser studied business administration at the University of Mannheim. After his doctoral degree in 1997 he joined ERC Frankona Reinsurance in Munich where he worked as a Senior Analyst until 1999. Hato Schmeiser finished his postdoctoral lecture qualification (Habilitation) at the Humboldt-Universität zu Berlin in 2003 and was subsequently appointed Professor at the University of Münster (Chair for Insurance Management). Since 2005 he holds the Chair for Risk Management and Insurance and is Managing Director of the Institute of Insurance Economics at the University of St. Gallen. His main research interests include individual financial planning, risk management, strategic management of insurance firms, and regulation of the financial sector. His research has been awarded by the American Risk and Insurance Association ARIA (2005 and 2008) and by the Casualty Actuarial Society CAS (2009).