University of Calgary

Norma Nielson

  • Professor
  • Chair-Insurance & Risk Management
  • Chair - Faculty - Risk Management and Insurance


Risk Management & Insurance


Dr. Norma Nielson has been a Professor in the Haskayne School of Business since July 1997 when she moved to Calgary to assume the duties of the industry-endowed Chair in Insurance and Risk Management.  She holds a B.S. in Mathematics and Business/Computer Science from Northwest Missouri State University and an M.A. from the University of Pennsylvania.  In 1979 she became the first woman with a fellowship from the S.S.Huebner Foundation for Insurance Education to earn her Ph.D. from the University of Pennsylvania's Wharton School.  Prior to joining Haskayne, Dr. Nielson spent twenty years in academic positions at Oregon State University, the University of Southern California, and Iowa State University.  At Haskayne, Norma teaches primarily the life insurance and employee benefits courses but is involved with curriculum design and program planning for all aspects of the program in risk management and insurance.

Norma's research has produced over fifty publications, including articles in such journals as the Journal of Risk and Insurance and the Journal of Pension Economics and Finance.  She has shared her expertise with policy makers through presentations at the C.D. Howe Institute, the Public Utilities Boards of Newfoundland and New Brunswick, the Alberta Automobile Rate Insurance Board and the Ontario Expert Pension Commission.  She has conducted research projects for the Property & Casualty Insurance Compensation Corporation (PACICC), the Insurance Bureau of Canada and the Law Commission of Canada and serves as Director of the Risk Studies Centre.  She currently is leading the Financial Markets Regulation Program at the U of C’s School of Public Policy while maintaining an active research program that focuses on retirement income issues.

Research and Publications
Ingelson, A., A.E. Kleffner and N. L. Nielson. "Long-Term Liability for CCS in Depleted North American Oil and Gas Reservoirs – A Comparative Study" Energy Law Journal, Vol. 31, No. 2 (2010), pp. 431-469.

Zhang, Li and N.L. Nielson, "The pricing of multiple line P&C insurance based on the full information underwriting beta" Assurances/Insurance and Risk Management. Vol.77, No. 3-4 (October 2009/January 2010), pp. 237-264.

"The Cost of Equity Capital for Canadian Property-Liability Insurers" as presented to the Alberta Auto Insurance Rate Board, September 2010.

Nielson, N. L. "Insurance against Plan and Sponsor Failure: The Pension Benefit Guarantee System and its Alternatives," North American Actuarial Journal, Vol. 13, No.2 (2009), 157-169.

Kleffner, Anne E. and Norma Nielson "The Long and Winding Road (of Cap Legislation)." Canadian Insurance. Vol. 114, No. 5 (May 18, 2009), p. 10.

Nielson, N. L. "Evaluating Federal and Provincial Solvency Standards in Canada" Insurance and Risk Management, Vol. 76, No. (January 2009), pp. 39-56. An excerpt of this article appeared in the Insurance Regulation Reporter.

"Alternatives to Cash in Ensuring the Solvency of Defined Benefit Pension Funds" Benefits Quarterly, (Third Quarter 2008), pp. 26-33. With P. L. Hedges and R. B. Lee

"Insurance against Plan and Sponsor Failure: The Pension Benefit Guarantee System and its Alternatives" Research Report #6, Ontario Expert Pension Commission. (November 2007), 
63 pages.

"Private Pensions and Government Guarantees: Clues from Canada" Journal of Pension Economics and Finance. Vol. 6, No. 1 (March 2007), pp. 45-66. With D. K. W. Chan 

"Why Age Matters for Young and Old Drivers" Canadian Underwriter. Vol. 73, No. 5 (May 2006), pp. 58-62. With M. Kelly

"Age as a Variable in Insurance Pricing and Risk Classification" Geneva Papers on Risk and Insurance - Issues and Practice. Vol. 31, No. 2 (April 2006), pp. 212-232. With M. Kelly 

Risk Management and Insurance in Canada. Textbook by Scott E. Harrington and Gregory R. Niehaus (McGraw-Hill, 1999) adapted for Canada by Anne E. Kleffner and Norma L. Nielson. Second edition released in 2004.

"Understanding the Retirement Savings Challenge of Cross-Border Employees" 
Journal of Financial Service Professionals. Vol. 56, No. 3 (May 2002), pp. 86-91.

Work in Progress
"Aging Population and Driver Licensing: A Policy Perspective" being prepared for submission to Canadian Public Policy. With M. Kelly and T. Snoddon

"Pricing By Line of Business in Multi-Line P&C Insurance: A Contingent Claims Approach." With L. Zhang


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Haskayne School of Business

Main Campus:
Scurfield Hall,
2500 University Dr NW,
Calgary, AB T2N 1N4

Downtown Campus:
6th Floor, 906 8th Avenue SW,
Calgary, AB T2P 1H9

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