Cass Business School
USC Marshall School of Business


Cass Business School
Professor of Insurance

Chris Parsons began his career with the Guardian Royal Exchange Assurance (now AXA) Group and joined Cass Business School in 1989. He has held positions as an Officer, Senior Examiner and textbook author for the Chartered Insurance Institute (CII). He is a recipient of the CII Morgan Owen Medal and Prize for the best research paper produced by a member of the Institute, which has a world-wide membership of around 120,000 in 150 countries. He is the author of two books on insurance law, contributes regularly to insurance and legal journals and lectures widely in the UK and overseas on law and insurance topics. Chris is a former Editor of the Journal of Insurance Research and Practice and is Visiting Professor at Warsaw University of Insurance and Banking and the University of Malta. He received Cass Business School prizes for excellence in postgraduate teaching in 2008, 2011 and 2015. In 2010 he was awarded the Geneva Association (International Association for the Study of Insurance Economics)/International Insurance Society Research Awards Prize for a paper on systemic risk in insurance, jointly authored with Cass colleagues Faisal Baluch and Stanley Mutenga.


BA, LLB, PGCert Ed and PhD.

Memberships of Professional Organisations

Fellow, Chartered Insurance Institute, Nov 1975 – present


  • Chartered Insurance Institute (1998) Morgan Owen Medal and Prize
  • Morgan Owen Medal and Prize for the best piece of research by a member of the CII




Primary Topics


Additional Topics

  • Business Law
  • Financial Regulation
  • Non-life Insurance

Research Topics

  • Insurance law
  • Accident compensation
  • Liability insurance
  • Insurance markets
  • Non-life insurance

Books (3)

  • Parsons, C. (2005). Insurance Law. Chartered Insurance Institute.
  • Parsons, C. (1999). Industrial Injuries and Employers' Liability: A Search for the Cure. CII.
  • Parsons, C. (1996). Legal Aspects of Insurance. Chartered Insurance Institute.

Chapters (4)

  • Mutenga, S. and Parsons, C. (2012). Marine Insurance. In Talley, W.K. (Ed.), The Blackwell Companion to Maritime Economics (pp. 452–470). John Wiley & Sons. ISBN 978-1-4443-3024-3.
  • Parsons, C. and Mutenga, S. (2009). Impact of the Banking Crisis on Insurance Markets. In Gregoriou, G.N. (Ed.), The Banking Crisis Handbook CRC Press. ISBN 978-1-4398-1853-4.
  • Parsons, C., Dickinson, G., Greenford, B. and Verrall, R.J. (2004). Report on the economics and regulation of insurance with particular reference to motor and liability insurance in the Republic of Ireland. Research report for the Competition Authority and Department of Enterprise, Trade and Employment under the Government of Ireland (p. 123 pages).
  • Parsons, C. and Green, D. (1995). Chapters 2, 3, 4 and 5. Company and Contract Law and Their Application to Insurance CII.

Journal Articles (31)

  • Parsons, C. (2016). Environmental Liability Risk and Insurance: A Comparative Review. PROCEEDINGS OF 2016 CHINA INTERNATIONAL CONFERENCE ON INSURANCE AND RISK MANAGEMENT pp. 420–446.
  • Parsons, C. (2015). Insuring the unknown. Human and Experimental Toxicology, 34(12), pp. 1238–1244. doi:10.1177/0960327115601765.
  • Baluch, F., Mutenga, S. and Parsons, C. (2011). Insurance, systemic risk and the financial crisis. Geneva Papers on Risk and Insurance: Issues and Practice, 36(1), pp. 126–163. doi:10.1057/gpp.2010.40.
  • Parsons, C. (2004). Underwriting in an information age. Journal of Insurance Research and Practice, 19(1), pp. 19–29.
  • Parsons, C. (2003). Moral Hazard in Liability Insurance. Geneva Papers on Risk and Insurance - Issues and Practice, 28(3), pp. 448–471. doi:10.1111/1468-0440.00236.
  • Parsons, C. (2002). Liability Rules, Compensation Systems and Safety at Work in Europe. Geneva Papers on Risk and Insurance - Issues and Practice, 27(3), pp. 358–382. doi:10.1111/1468-0440.00179.
  • Parsons, C. (2002). From accident to liability: the origins of liability insurance. Journal of Insurance Research and Practice, 17(2), pp. 23–34.
  • Parsons, C. (2001). All in the mind : liability for psychiatric illness and its insurance implications. Post Magazine and Insurance Monitor .
  • Parsons, C. (2001). Consolidation and strategy in the insurance broking sector. Journal of European Financial Services, 6(1), pp. 27–43.
  • Parsons, C. (2001). Directors' personal liability, risk and insurance. Croner's Company Secretaries' Newsletter, 2001(January), pp. 1–5.
  • Parsons, C. (2001). Directors' personal liability, risk and insurance. Croner's Finance Directors Briefing .
  • Parsons, C. (2001). Liability, compensation and insurance for psychiatric injury. Journal of Insurance Research and Practice, 16(1), pp. 14–26.
  • Parsons, C. (2001). Managerial liability, risk and insurance: an international view. International and Comparative Corporate Law Journal, 3(1), pp. 1–31.
  • Parsons, C. (2001). Problems in underwriting the risk of flood. Beachcroft Wansbroughs Insurance Focus, 2001(Spring) .
  • Parsons, C. (2000). Comment on Caisse de Pension des Employes Prives v. Kordel and Others: Court of Justice of the European Communities. Insurance and Reinsurance Law Alert, April .
  • Parsons, C. (2000). Directors' and Officers' Liability Insurance - A Target or a Shield? The Company Lawyer, 21(3), pp. 77–87.
  • Parsons, C. (2000). Directors Personal Liability, Risk and Insurance - Part 1. Croner's Business Risk Management Briefing, 2000(December/january), pp. 5–8.
  • Parsons, C. (2000). Insurance Market Forces. Beachcroft Wansbroughs Insurance Focus, 2000(Spring) .
  • Parsons, C. (2000). Rethinking Employers' Liability. Post Magazine and Insurance Monitor, 2000(July) .
  • Parsons, C. (2000). Subrogation by Social Insurance Carriers Under European Law: A Comment on Caisse de Pension des Employes Prives v. Kordel and Others. International Journal of Insurance Law, April .
  • Parsons, C. (1999). Compensation for Accidents and Illness: Fault or No-Fault? Chartered Insurance Institute Journal of the Society of Fellows, 14(2), pp. 7–31.
  • Parsons, C. (1999). EL to Pay. Professional Broking, 1999(February) .
  • Parsons, C. (1999). Employers' Liability - non merci. Wansbroughs Insurance Monitor, 1999(January) .
  • Parsons, C. (1999). Employers' Liability in Europe. Financial Times World Insurance Policy Guide, 1999(April) .
  • Parsons, C. (1999). Compensation and Insurance for Injuries at Work: A European Perspective. International Journal of Insurance Law, 3, pp. 214–233.
  • Parsons, C. (1999). Employers' Liability Insurance - How Secure is the System? Industrial Law Journal, 28(2), pp. 109–132.
  • Parsons, C. (1999). Injury Compensation and Welfare Reform - An International Perspective. Journal of European Financial Services, 4(1), pp. 143–153.
  • Parsons, C. (1998). Compulsory Insurance Reform. Wansbroughs Insurance Monitor,, 1998(Summer) .
  • Parsons, C. (1998). Employers' Liability (Compulsory Insurance) Regulations. International Journal of Insurance Law, 1998(3), pp. 214–216.
  • Parsons, C. (1998). The Sharing of Defence Costs between Reinsurer and Reinsured", a Comment on Baker v. Black Sea and Baltic General Insurance Company Limited. International Journal of Insurance Law, 1998(4), pp. 311–314.
  • Parsons, C. (1996). Another Look at Accidents: The Concept of Fortuitousness in Insurance. CII Society of Fellows Journal, 11(2) .

Course Directorship

  • 1995 - 2013, MSc Insurance and Risk Management, Director & Admissions Tutor
  • 1989 - 1996, BSc Insurance and Investment, Director & Admissions Tutor

Editorial Activity

Journal of Insurance Research and Practice, Editor, 2000 – present.

USC Marshall School of Business
Professor of Finance and Business Economics

Chris Parsons holds a PhD in finance from the University of Texas (2008). Recent research explores the intersection of urban economics and corporate finance, such as geographical patterns in fraud, or differences in public firm valuations between cities. He has also written in behavioral finance, which seeks to understand the psychological foundations of investor’s (sometimes incorrect) decision making. Papers here have explored the media’s role in influencing stock market movements, anchoring-and-adjustment in syndicated lending, and racial discrimination in higher education bond markets. Before joining Marshall, he has served on the faculties of UC-San Diego, Harvard, UNC-Chapel Hill, and McGill.

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