"Doing Good While Doing Well"

Professor Joan Schmit

Chair of the Risk and Insurance Department in the Wisconsin School of Business

"SafetyNet has been created with the notion of “doing good while doing well.” The creators are committed to returning a high proportion of premiums to consumers, despite the challenges of providing a low-premium product. They have studied the causes of individuals’ financial hardships and designed a simple, understandable product that addresses those causes. They also have made the product easily accessible on the Web, removing time and other constraints. SafetyNet is providing a new business model that is filling a demand within the market, and when combined with the underlying goal of easing the financial strains of individuals, could be the wave of the future/"

Professor Schmit is the Chair of the Risk and Insurance Department in the Wisconsin School of Business. Professor Schmit’s expertise includes insurance regulation, enterprise risk management, and the interaction of law and economics in an insurance and risk management context.