Casualty Actuarial Society Award

This award, established in 1997, is made to the author of a paper published by the American Risk and Insurance Association (ARIA) that provides the most valuable contribution to casualty actuarial science.

Papers eligible for the prize include articles, workshop articles, and invited papers published in the Journal of Risk and Insurance during the preceding year. Papers published in new ARIA journals may also be eligible for this award. If no paper is considered eligible in a given year, the award will not be made. Papers will be judged by a specially appointed committee of the Society, whose decision will be final.

The presentation of the award will be made annually at the August ARIA Meeting. The author of the prize winning paper will be invited to present the paper at a CAS meeting. The amount of the CAS award is currently $1,000.

Award Recipients

Recent recipients of the CAS Award include:

Methodological Considerations in Statistical Modeling of Cat Bond Prices
John Major, Guy Carpenter

Peng Shi, University of Wisconsin
“A Multivariate Analysis of Intercompany Loss Triangles”
JRI, Vol. 84, No. 2, 717-737, June 2017

Alexander Braun, University of St. Gallen
“Pricing in the Primary Market for Cat Bonds: New Empirical Evidence”
JRI, Vol. 83, No. 4, 811-847, December 2016

Honorable Mention

Valeria Bignozzi, University of Firenze
Andreas Tsanakas, Cass Business School
“Parameter Uncertainty and Residual Estimation Risk”
JRI, Vol. 83, No. 4, 949-978, December 2016

Milton Boyd, University of Manitoba
Jeffrey Pai, University of Manitoba
Lysa Porth, University of Manitoba
“Insurance Premium Calculation Using Credibility Analysis: An Example from Livestock Mortality Insurance”
JRI, Volume 82, Issue 2, pages 341-357, June 2015

Edward Frees, University of Wisconsin-Madison
Glenn Meyers, ISO Innovative Analytics
David Cummings, ISO Innovative Analytics
“Insurance Ratemaking and a Gini Index”
JRI, Vol. 81, No. 2, p. 335-366, June 2014

Yanwei Zhang, CNA Insurance Company
Vanja Dukic, University of Colorado-Boulder
“Predicting Multivariate Insurance Loss Payments Under the Bayesian Copula Framework”
JRI Vol. 80, Nr 4, Dec 2013, p 891

M. Martin Boyer, HEC Montreal
Eric Jacquier, HEC Montreal
Simon van Norden, HEC Montreal
“Are Underwriting Cycles Real and Forecastable?”
Journal of Risk and Insurance, 79 (4): 995-1016

Richard A. Derrig, OPAL Consulting LLC.
Sharon Tennyson, Cornell University
“The Impact of Rate Regulation on Claims Evidence from Massachusetts Automobile Insurance”
RMIR Fall 2011, V. 14 #2, pp. 173-199

George Zanjani, Georgia State University
“An Economic Approach to Capital Allocation”
JRI September 2010, 77:3, pp. 523-549

J. David Cummins, Temple University
Philippe Trainar, SCOR Paris
“Securitization, Insurance, and Reinsurance”
JRI September 2009, V. 76 #3, pp. 463-492

Pierre Picard, Ecole Polytechnique
“Natural Disaster Insurance and the Equity-Efficiency Trade-off”
JRI, March 2008, V. 75 No. 1, pp. 17-38

Click here to view Award Winners from 2008 – 1998