Ronald Bornhuetter Loss Reserve Prize
(Formerly the Reserves Prize)
This award commemorates the work of Ronald Bornhuetter, FCAS (1957). The award was renamed in November 2006 from the Reserves Prize. The award is made to the author(s) of the best paper submitted in response to a call for papers regarding reserves, whenever the program is conducted by the Reserves Committee of the Casualty Actuarial Society. Papers are judged by a specially appointed review committee on the basis of originality of ideas, clarity of presentation, contribution to the literature on loss reserving, and thoroughness of analysis. The committee's decision will be final. If no paper is considered eligible in a given year, the award shall not be made. Recipients need not be members of the Casualty Actuarial Society. The announcement of the award is made at the Casualty Loss Reserve Seminar at which the papers are presented.
The amount of the Reserves Prize is determined annually.
Recipients of the Ronald Bornhuetter Loss Reserve Prize
Hierarchical Compartmental Models for Loss Reserving
Best Practical Tool to Accompany a Paper
Mark R. Shapland and Jeffrey A. Courchene
The Actuary and Enterprise Risk Management: Integrating Reserve Variability
David R. Clark and Diana Rangelova
Accident Year / Development Year Interactions
Peng Shi & Brian Hartman
Credibility in Loss Reserving
Applying Credibility Concepts to Develop Weights for Ultimate Claim Estimators
Marc B. Pearl and Jeremy Smith
An Enhanced On-Level Approach to Calculating Expected Loss Costs
Karen H.S. Adams
Chain Ladder Reserving Methods for Liabilities with Per Occurrence Limits
Bertram A. Horowitz
Aggregate Loss Reserve Analysis by Accounting Date
Jessica (Weng Kah) Leong, Shaun Wang, and Han Chen
Back-Testing the ODP Bootstrap of the Paid Chain-Ladder Model with Actual Historical Claims Data
Ira Robbin, Ph.D.
A Practical Way to Estimate One-Year Reserve Risk
No program held.
Tapio Boles and Andy Staudt
“On the Accuracy of Loss Reserving Methodology”
“On Small Samples and the Use of Robust Estimators in Loss Reserving”
No Program Held
“Hierarchical Growth Curve Models for Loss Reserving”
No Program Held
Glenn G. Meyers
"Estimating Predictive Distributions for Loss Reserve Models"
Richard E. Sherman and Gordon F. Diss
"Estimating the Workers' Compensation Tail"
David R. Clark
"LDF Curve-Fitting and Stochastic Reserving: A Maximum Likelihood Approach"
Aaron Halpert, ACAS, MAAA, Scott Weinstein, FCAS, MAAA, and Christopher Gonwa
"Evaluating Reserves in a Changing Claims Environment"
Daniel D. Heyer
"A Random Walk Model for Paid Loss Development"
Allen J. Gould, ACAS, MAAA, and Orin M. Linden, FCAS, MAAA,
"Estimating Satellite Insurance Liabilities"
"Premium Earning Patterns for Multi-Year Policies with Aggregate Deductibles"
Chandrakant C. Patel and Alfred Raws III,
"Statistical Modeling Techniques for Reserve Ranges: A Simulation Approach"
Prakash Narayan and Thomas V. Warthen III,
A Comparative Study of the Performance of Loss Reserving Methods Through Simulation"
Jeffrey J. Scott,
"Workers Compensation Medical Reserving with Calendar Year Payments in a Cost Containment Environment"
No Program Held
Susan L. Cross and John P. Doucette,
"Measurement of Asbestos Bodily Injury Liability"