Martin Eling is a Research Fellow at the Independent Institute and Professor of Insurance and Director of the Institute of Insurance Science at the University of St. Gallen (Switzerland). He received his doctoral degree from the University of Munster (Germany) and his habilitation from the University of St. Gallen. His research interests include risk management, asset liability management, and empirical aspects of finance and insurance. He has published articles in leading international journals such as the Journal of Risk and Insurance, the Journal of Banking and Finance, and Insurance: Mathematics and Economics.