Casualty Actuarial Society

About Us

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 Committee on Reserves 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

2014

Peng Shi & Brian Hartman
Credibility in Loss Reserving

Runner-Up
Rajesh Sahasrabuddhe
Applying Credibility Concepts to Develop Weights for Ultimate Claim Estimators

2013
Marc B. Pearl and Jeremy Smith
An Enhanced On-Level Approach to Calculating Expected Loss Costs

Runners-up
Karen H.S. Adams
Chain Ladder Reserving Methods for Liabilities with Per Occurrence Limits

Bertram A. Horowitz
Aggregate Loss Reserve Analysis by Accounting Date

2012
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

Second Place:
Ira Robbin, Ph.D.
A Practical Way to Estimate One-Year Reserve Risk

2011
No program held.

2010
Tapio Boles and Andy Staudt
On the Accuracy of Loss Reserving Methodology

Second Place:
Hou-Wen Jeng
On Small Samples and the Use of Robust Estimators in Loss Reserving

2009
No Program Held

2008
James Guszcza
Hierarchical Growth Curve Models for Loss Reserving

2007
No Program Held

2006
Glenn G. Meyers
"Estimating Predictive Distributions for Loss Reserve Models"

2005
No Award

2004
Richard E. Sherman and Gordon F. Diss
"Estimating the Workers' Compensation Tail"

2003
David R. Clark
"LDF Curve-Fitting and Stochastic Reserving: A Maximum Likelihood Approach"

2002
No Award

2001
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"

2000
Allen J. Gould, ACAS, MAAA, and Orin M. Linden, FCAS, MAAA,
"Estimating Satellite Insurance Liabilities"

1999
Thomas Struppeck,
"Premium Earning Patterns for Multi-Year Policies with Aggregate Deductibles"

1998
Chandrakant C. Patel and Alfred Raws III,
"Statistical Modeling Techniques for Reserve Ranges: A Simulation Approach"

1997
Prakash Narayan and Thomas V. Warthen III,
A Comparative Study of the Performance of Loss Reserving Methods Through Simulation"

1996
Jeffrey J. Scott,
"Workers Compensation Medical Reserving with Calendar Year Payments in a Cost Containment Environment"

1995
No Program Held

1994
Susan L. Cross and John P. Doucette,
"Measurement of Asbestos Bodily Injury Liability"