Casualty Actuarial Society

About Us

Charles A. Hachemeister Prize

This prize was established in 1993 in recognition of Charles A. Hachemeister's many contributions to Actuarial Studies in Non­Life Insurance (ASTIN) and his efforts to establish a closer relationship between the CAS and ASTIN.

Papers eligible for the prize include articles, workshop articles, and/or invited papers published in the applicable November and April issues of the ASTIN Bulletin, in addition to papers and Speakers' Corner papers presented at the ASTIN Colloquium in the calendar year prior to the prize award. Future International Actuarial Association (IAA) Congress or Actuarial Approach for Financial Risks (AFIR) Colloquium papers may also be eligible for this award.

Papers will be judged by a specially appointed committee of the Society. Emphasis will be placed on the paper's impact for North American actuaries and practicality of application. If no paper is considered eligible in a given year, the award shall not be made. The committee's decision will be final.

The announcement of the award will be made annually at the CAS Spring or Annual Meeting.

The amount of the Charles A. Hachemeister Prize is currently $2,500.

Recipients of the Hachemeister Prize

2014
Michael Fackler
Reinventing Pareto: Fits for Both Small and Large Losses

2013
Christophe Dutang, Stéphane Loisel, and Hansjoerg Albrecher
A Game-Theoretic Approach to Non-Life Insurance Markets

2012
Yichun Chi and Ken Seng Tan
Optimal Reinsurance Under VaR and CVaR Risk Measures: A Simplified Approach

2011
Robert S. Miccolis and David E. Heppen
A Practical Approach to Risk Margins and the Measurement of Insurance Liabilities for Property and Casualty (General Insurance) under Developing International Financial Reporting Standards

2010
Edward W. Frees, Peng Shi, and Emiliano A. Valdez
Actuarial Applications of a Hierarchical Insurance Claims Model

2009
Thomas Mack
The Prediction Error of Bornhuetter/Ferguson

2008
Thomas Wright
A General Framework for Forecasting Numbers of Claims

2007
Emmanuel Bardis, Christina Gwilliam, Stephen P. Lowe, and Atul Malhotra
Considerations Regarding Standards of Materiality in Estimates of Outstanding Liabilities

2006
William H. Panning,
Measuring Loss Reserve Uncertainty

2005
Jon Holtan,
"Pragmatic Insurance Option Pricing"

2004
Donald F. Mango,
"Capital Consumption: An Alternative Method for Pricing Reinsurance"

2003
Shaun S. Wang,
"A Universal Framework for Pricing Financial and Insurance Risks"

2002
Nicholas E. Frangos and Spyridon D. Vrontos,
"Design of Optimal Bonus-Malus Systems with a Frequency and a Severity Component on an Individual Basis in Automobile Insurance"

2001
Morton Lane
Pricing Risk Transfer Transactions

2000
Uwe Schmock,
"Estimating the Value of the WinCAT Coupons of the Winterthur Insurance Convertible Bond: A Study of the Model Risk"

1999
No Award

1998
James A. Tilley,
"The Securitization of Catastrophic Property Risks"

1997
Stephen P. Lowe and James N. Stanard,
"An Integrated Dynamic Financial Analysis and Decision Support System for a Property Catastropher Reinsurer"

1996
Gregory C. Taylor,
"Modeling Mortgage Insurance Claims Experience: A Case Study"

1995
Michel Laparra, Isabelle Lion, and Christian Partrat,
"Design and Analysis of Market Prices Indices for the U.S. Natural Catastrophe Excess Reinsurance Treaties"

1994
Dr. Thomas Mack,
"Which Stochastic Model is Underlying the Chain Ladder Method?"