Casualty Actuarial Society

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CAS Announces New Research Journal: Variance—Advancing the Science of Risk

11/20/2006 —

The Casualty Actuary Society (CAS) announced the name of its new research journal during the Business Session of its 2006 Annual Meeting held here. The journal will be called Variance, and its tagline is “Advancing the Science of Risk.” The new journal will disseminate work of interest to casualty actuaries and general insurance and other risk professionals worldwide. Its peer-reviewed articles will be focused on original practical and theoretical research in non-life actuarial science and related areas in the science of risk. The first issue is expected to be published in June 2007. Complimentary one-year subscriptions are available for non-CAS members. To subscribe visit

“Our target audience will span the spectrum from practicing actuaries engaged in daily applications of actuarial techniques to academic researchers exploring the frontiers,” said Gary Dean, FCAS, editor in chief of Variance and vice president and actuary for Travelers Insurance. “We hope to maintain a good balance between practical and theoretical articles so that every casualty actuary will be able to find something of interest. There also will be articles of interest to a wider audience than actuaries. For example, topics such as enterprise risk management straddle actuarial, risk management, and investment areas. Variance articles should be of interest to actuaries and risk professionals around the globe, because even though local traditions and regulations often drive actuarial techniques, actuarial science is a discipline without boundaries.”

Variance will make high quality, original work in casualty actuarial science available more quickly than ever before. The Proceedings of the Casualty Actuarial Society, which was published annually, had previously served as the CAS outlet for peer-reviewed research papers. The CAS will continue to publish its Proceedings, but without peer-reviewed research papers. These changes are a result of suggestions made by the Task Force on Publications.

“We expect that this new journal will accomplish what the Proceedings did plus more,” commented Dean. “The average time from submission of a paper until its distribution in print will be shorter because Variance will be published more frequently and our editorial team is committed to reducing the time that it takes a paper to be reviewed and edited,” he explained.

Papers are now being accepted for consideration that fit into one or more of the following categories:

  • Research—contains original ideas and new material.
  • Educational—instructs actuaries and others involved in analyzing, modeling, and managing risk.
  • Practical Application—applies new theories to solve practical problems, exhibits actuarial practices, or compiles current techniques.

“We are actively soliciting papers from authors who may not have traditionally published in CAS publications. This should bring a wider range of ideas into the journal and, hopefully, more non-CAS members will become regular readers and contributors,” said Dean. Read the Guides for the Submission of Papers to learn how to submit your paper.

The Casualty Actuarial Society is an organization dedicated to the advancement of the body of knowledge of actuarial science applied to property, casualty and similar risk exposures.

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