George Krempley

Background

George Krempley once served as an adjunct faculty member and now returns as a Senior Lecturer in the Finance Department of the Fisher College of Business, Ohio State University, bringing with him more than 35 years of indepth insurance and risk management industry experience. He focuses on teaching risk management and insurance courses to both undergraduate and graduate students.  Mr. Krempley is active in advising students regarding career opportunities and assists in outreach activities to risk management and insurance industry.

Previously, Mr. Krempley served as CoDirector of the University of South Carolina’s Moore School of Business, Risk and Uncertainty Management Center.  Mr. Krempley served as a Lecturer in the Moore School’s Finance Department, where he taught risk management and insurance courses, and also created the Moore School’s capstone class in Enterprise Risk Management project management. Prior to joining the University of South Carolina, Mr. Krempley served as a Principal Consultant for the Robert E. Nolan Company for 7 years, where he managed numerous major consulting projects.

He worked with numerous companies, including:

American Family, Madison Wisconsin

Church Mutual, Merrill, Wisconsin

The Cooperators, Guelph, Ontario, Canada

FM Global, Johnston, Rhode Island

INSpire, Fort Worth, Texas

Kentucky Farm Bureau, Louisville, Kentucky

Liberty Mutual Insurance Company, Boston, Massachusetts

Millers Insurance, Fort Worth, Texas

Nationwide Insurance Companies, Columbus, Ohio

Physician Insurance Company, Madison Wisconsin

Provident Mutual Life, Berwyn, Pennsylvania 

State Farm Insurance, Bloomington Illinois

West Bend Mutual, West Bend, Wisconsin

Zurich Insurance Company, Schaumburg, Illinois  

Mr. Krempley was President and CEO for NAMIC Insurance Company and Ohio Bar Liability Insurance Company, where he delivered exceptional underwriting results.  Earlier, he was President and CEO of Automobile Club Insurance Company in Columbus, Ohio, a subsidiary of the American Automobile Association.  He also he served in the capacity of COO of the company. 

Earlier, he was Managing Director of Insurance for AAA and Vice President/COO of AAA Life.  He was also a Vice President, Regional Operations/Marketing, for Merchants Mutual Insurance Group, where he was responsible for branch operations, marketing, distribution management, and strategy for this small commercial and personal lines company. 

Mr. Krempley began his career at the Insurance Company of North America, the industry’s leading writer of commercial package business at that time.  At INA, he received worldclass training in underwriting, product management and riskbased pricing.  Following the merger with Connecticut General, he turned around CIGNA’s most unprofitable branch.  This led to his promotion to Vice President of Planning and Operations Research for Claims and Reinsurance. 

Education

Mr. Krempley earned his BA in Philosophy from Colgate University. Later, he attended the American Graduate School of International Management (Thunderbird) where he was awarded his MBA in International Management with distinction.  Mr.  Krempley is licensed as a property casualty insurance agent by the state of Ohio and holds the professional credential of Certified Insurance Counselor (CIC). 

Courses

BUSFIN 3300 Introduction to Insurance and Risk

Basic principles and main characteristics of the Insurance Industry and the fundamentals of risk identification, insurance contracts, and annuities. Prereq: Econ 2001.01 (200), 2002.01 (201), and BusMHR 2292 (BusAdm 499.01). Not open to students with credit for 640.

BUSFIN 4311 Life and Health Insurance

Basics of the life insurance and health insurance industry and contracts. Prereq: 3300 (640), BusMgt 2320 (330), and BusMHR 2292 (BusAdm 499.01). Not open to students with credit for 741.

BUSFIN 4312 Employee Benefits Plans

Fundamentals of insurance topics related to the human resource function such as health and retirement benefits, and COBRA. Prereq: BusMgt 2320 (330), 3300 (640), and BusMHR 2292 (BusAdm 499.01). Not open to students with credit for 741.

BUSFIN 7291 Enterprise Risk Management II

An Actionbased Graduate level course. Students apply theories of risk management, hedging strategies, and value at risk to cases. Prereq: 829 or Prereq or concur: 7290. Not open to students with credit for 834.