Faculty Spotlight
Student Spotlight
Apply for Faculty Position
Subir Sen
Subir Sen Assistant Professor subirfhs[at] +91-1332284799
Areas of Interest
  • Advanced Microeconomics, Risk Perceptions
  • Industrial Organization, Study of Indian insurance industry
  • Climate Change Adaptation, Disaster Risk Reduction
  • Applied Econometrics, Modelling issues in Economics
Professional Background
6/20105/2014Asst. Prof.TERI University, New Delhi
4/20095/2010LecturerTERI University, New Delhi
8/20084/2009Sr. LecturerMadras School of Economics, Chennai
Honors and Awards
First Prize --- Japanese Award for Outstanding Research on Development (ORD)16th Annual Global Development Conference, Global Development Network (GDN)2015
SANEI 14th Round Regional Research CompetitionSouth Asia Network of Economic Research Institutes2013
Subsidy for PhD thesisGeneva Association - Association Internationale pour I'Etude de I'Economie de I'Assurance2009
Scholarship and Invitation for 3rd Meeting in Economic Sciences (Meetings of Nobel Laureates)Lindau Nobel Laureates Meetings, Lindau Germany2008
Doctoral FellowshipThe RBI Scheme of Endowment for Professorial Chairs and Research Fellowship at ISEC2003
Educational Details
Ph.D.EconomicsInstitute for Social and Economic Change, Bangalore2010
M.A.EconomicsVisva Bharati, Santiniketan2002
B.Sc. (Hons)Economics, Mathematics & StatisticsBurdwan University2000
Administrative Background
2015OngoingCourse Coordinator HSS-01 EconomicsIIT Roorkee
20152018WardenAzad Bhawan, IIT Roorkee
Sponsored Research Projects
TopicFunding AgencyYear
Impact of weather variability on hill agriculture: A comparative study of Uttarakhand and HPICSSR, New Delhi2018
The measurement of productive and economic efficiency of Indian insurersIRDAI, Hyderabad2018
Understanding farmers risk perceptions and farm-level risk management policies in IndiaGlobal Development Network2015
Participation in seminars
NamePlaceSponsored ByDate
APRIA-Nanyang Technological University’s Insurance Risk and Finance Research Centre Joint ConferenceSingaporeIIT Roorkee29-07-2018
9th Biennial INSEE Conference Kerala Institute of Local Administration, Thrissur, IndiaIIT Roorkee7-11-2017
21st Asia-Pacific Risk and Insurance Association Annual ConferencePoznan University of Economics and Business, Poznan, Poland IIT Roorkee (partial)30-07-2017
15th Intl. Conference on Data Envelopment Analysis Univ. of Economics, Prague, Czech RepublicIIT Roorkee26-06-2017
2016 Asia Meeting of the Econometric SocietyDoshisha University, Kyoto, JapanIIT Roorkee & ICSSR New Delhi9-08-2016
6th Conference of the Intl. Society for Integrated Disaster Risk Management (IDRIM-TIFAC 2015)New Delhi, IndiaIIT Roorkee28-10-2015
16th Annual Global Development Conference Casablanca, MoroccoGlobal Development Network11-06-2015
50th Annual Golden Jubilee Conference of the Indian Econometric Society (TIES) Mumbai, IndiaTIES (partial)22-12-2014
19th National and 9th International Conference of Insurance and Development Tehran, IranInsurance Research Centre, Tehran, Iran3-12-2012
8th Asia Pacific Productivity Conference King Mongkut’s Institute of Technology Ladkrabang, Bangkok, ThailandAPPC (partial)25-07-2012
16th Asia-Pacific Risk and Insurance Association Annual Conference Sungkyunkwan University, Seoul, South KoreaKyobo Life Travel Scholarship 22-07-2012
Enterprise Risk Management and Corporate Governance for Insurance Firms Conference EDHEC Business School, Lille, FranceEDHEC Business School17-05-2011
2nd World Risk and Insurance Economics Congress, WRIEC Singapore Management University, SingaporeAPRIA (partial) & Max New York Life India25-07-2010
13th Asia-Pacific Risk and Insurance Association Annual ConferenceChina Center for Insurance and Social Security Research (CCISSR), Peking University, Beijing, ChinaAPRIA (partial) & Max New York Life India19-07-2009
18th Triennial IFORS (International Federation of Operational Research Societies) ConferenceOperations Research Society of South Africa (ORSSA), Johannesburg, South AfricaIFORS & SRTT, India13-07-2008
12th Asia-Pacific Risk and Insurance Association Annual Conference Australian School of Business, University of New South Wales, Sydney, AustraliaAPRIA (partial) & Max New York Life India6-07-2008
11th Asia-Pacific Risk and Insurance Association Annual Conference National Chengchi University (NCCU), Taipei, TaiwanAPRIA (partial) & Max New York Life India22-07-2007
  • Asia Pacific Risk and Insurance Association, Board of Governors (2019-2022)
  • Indian Society for Ecological Economics (INSEE) , Life Member
  • The Indian Econometric Society (TIES), Life Member
  • Asia Pacific Risk and Insurance Association, Member (2016-2019)
  • The Econometric Society, Member (3 years: 2015-2018)
Teaching Engagements
TitleCourse CodeClass NameSemester
Microeconomics IHSN 502MScAutumn
Microeconomics IIHSN 507MScSpring
Mathematics for EconomistsHSN 504MScAutumn
EconomicsHSS 01BachelorsAutumn
Building EconomicsHSN 352BachelorsSpring
EconomicsHSS 01BachelorsSpring
Financial EconometricsHSN 611MScSpring
Industrial EconomicsHSN 603MScAutumn
Econometric MethodsHSN 910Ph.D.Spring
Basic EconometricsHSN 509MScSpring
PHDs Supervised
TopicScholar NameStatus of PHDRegistration Year
Impact of environmental measures on export: A study of Indian shrimp and prawn exportsMs Savita GautamA
Mitigation of economic damages due to natural disasters: A study of risk financing in IndiaMr. Vikrant PanwarO2015
Micro-analysis of natural disasters impacts in Madhya PradeshMr. Ashish SharmaO2015
Pre-Ph.D. Course WorkSamar TyagiO2017
Pre-Ph.D. Course WorkHaron EndalewO2017
Pre-Ph.D. Course WorkRicha ChaudharyO2018
Pre PhD Course WorkShubhamO2018
Visits to outside institutions
Institute VisitedPurpose of VisitDate
IIDS, Kathmandu, NepalInstructor for Workshop on Econometrics and its Applications Dec 2014
Freie Universität, BerlinAcademic exchange programme as a part of the DAAD project “Passage to India” between FU, Berlin and TERI University, New Delhi. Dec 2013
Insurance in emerging markets: Determinants of growth and the case of climate changeCentre for Climate Change Economics and Policy, London School of Economics, LondonTNov 2012
Growth of Indian Insurance Industry and Determinants of Solvency2nd OECD – Asia Regional Expert Seminar on Insurance Statistics, OIC Thailand, BangkokTJan 2012
Participation in short term courses
Couse NameSponsored ByDate
Eliciting Subjective Beliefs and Risk and Time Preferences in Developing CountriesCSAE, University of Oxford & CEAR, Georgia State University1-10-15
Summer Institute for Advanced Study of Disaster and Risk Theory and Concept: the EssentialsBeijing Normal University, Beijing2-08-09
Training Course on Environmental and Natural Resource EconomicsSANDEE jointly with UNEP RRC.AP, AIT Bangkok5-05-08
Refereed Journal Papers

Journal Articles:

2019 “Examining the economic impact of floods in selected Indian statesClimate and Development. DOI: 10.1080/17565529.2019.1614897 (with Vikrant Panwar)

2019 “Analysis of Cost Efficiency of Indian Life Insurers: A comparison of Quantity vs Value based DEA ApproachAsia-Pacific Journal of Risk and Insurance. DOI:

2019 “The Economic Impact of Natural Disasters: An Empirical Re-Examination” Margin: The Journal of Applied Economic Research, Vol. 13, Issue 1; pages 109-139 (with Vikrant Panwar)

2013 Regional determinants of life insurance consumption: Evidence from selected Asian economies”, Asian Pacific Economic Literature, Vol. 27, Issue 2; pages 86 – 103 (DOI: 10.1111/apel.12024) (with S. Madheswaran)

2006 “Public horses vs private ponies: Structural analysis of the India insurance industry”, Journal of Insurance and Risk Management; Vol. V, No. 09; December; page 1-22 (with S. Madheswaran)

Working Papers:

2015 “Resilience of the Financial Sector: Study of three SAARC Economies” SANEI Working Paper Series No. 14 - 03, South Asia Network of Economic Research Institutes, Dhaka. (

2011 “A decade of insurance services liberalization:  Search for factors contributing to Indian insurers performance” Working paper series of the Geneva Association, Études et Dossiers No. 369, February; The Geneva Association.

2008 “Are life insurance demand determinants valid for selected Asian economies and India?” Madras School of Economics Working Paper; No. 36/2008; Madras School of Economics


2019 “Uttarakhand State Economic Survey 2016-17” Planning Commission, Government of Uttarakhand (with Atulan Guha, Abhradeep Maiti and Vaibhav Bhamoriya) (

Book Chapter:

2018 “Catastrophic Insurance in South Asia: Scope in India”, in Pal, I. and Shaw, R. (Editors) “Disaster Risk Governance in India and Cross Cutting Issues”, Chapter 16, Pages 339-359, Springer ISBN 978-981-10-3310-0 (Link: