Casualty Actuarial Society

About Us

Michelbacher Prize

This award, which commemorates the work of Gustav F. Michelbacher, is made to the author of the best paper submitted in response to a call for discussion papers whenever the program is conducted by the Casualty Actuarial Society. Papers are judged by a specially appointed committee on the basis of originality, research, readability, completeness, and other factors. If no paper is considered eligible in a given year, the award shall not be made. The committee's decision will be final. Recipients need not be members of the Casualty Actuarial Society. The announcement of the award will be made at the meeting at which the papers are discussed.

The amount of the Michelbacher Prize is currently $1,500.

The Michelbacher Prize was discontinued in 2012.

Recipients of the Michelbacher Prize

2012
No Award

2011
No Award

2010
No Award

2009
No Award

2008
No Award

2007
No Award

2006
No Award

2005
No Award

2004
Greg Taylor and Grainne McGuire
"Loss Reserving with GLMs: A Case Study"

2003
No Program Held

2002
No Award

2001
No Award

2000
Sergei Esipov and Dajiang Guo
"Portfolio Based Pricing of Residual Basis Risk with Application to the S&P 500 Put Options"

1999
Richard W. Gorvett
"Insurance Securitization: The Development of a New Asset Class"

Donald F. Mango
"Risk Load and the Default Rate of Surplus"

1998
Richard Stein,
"The Actuary as Product Manager In a Dynamic Product Analysis Environment"

1997
Theresa W. Bourdon, Keith Passwater, and Mark Priven,
"An Introduction to Capitation and Health Care Provider Excess Insurance"

1996
Richard B. Amundson
"Residual Market Pricing"

1995
Leigh J. Halliwell
"Mean­Variance Analysis and the Diversification of Risk"

1994
No Award

1993
Sholom Feldblum
"Professional Ethics and the Actuary"

1992
Robert P. Butsic
"Solvency Measurement for Property­Liability Risk­Based Capital Applications"

1991
Guy H. Whitehead
"No Claim Discount or Bonus/Malus Systems in Europe"

1990
Cecily Gallagher, Joyce Fish, and Howard Monroe,
"An Iterative Approach to Classification Analysis"

1989
Louise A. Francis
"A Model for Combining Timing, Interest Rate, and Aggregate Loss Risk"

1988
Robert P. Butsic
"Determining the Proper Interest Rate for Loss Reserve Discounting: An Economic Approach"

1987
Richard G. Woll
"Insurance Profits: Keeping Score"

1986
Ronald F. Wiser,
"The Cost of Mixing Reinsurance"

1985
Robert P. Butsic,
"Branch Office Profit Measurement for Property­Liability Insurers"

David Skurnick ,
"Measuring Division Operating Profitability"

1984
Paul M. Otteson
"Property and Casualty Insurance: Solvency and Investments. Playing the Game"

1983
No Award

1982
Philip E. Heckman and Phillip N. Norton,
"Optimization of Excess Portfolios"

1981
Robert P. Butsic,
"The Effect of Inflation on Losses and Premium for Property­Liability Insurers"

1980
Russell T. John and Gary S. Patrik,
"Pricing Excess­of­Loss Casualty Working Cover Reinsurance Treaties"

1979
Robert P. Butsic
"Risk and Return for Property­Casualty Insurers"