Casualty Actuarial Society

Press Room

Call for Monographs on Stochastic Loss Reserving

08/20/2012 —

The Casualty Actuarial Society (CAS), in conjunction with the CAS Committee on Reserves, is pleased to extend a call for several monographs on the topic of “Stochastic Loss Reserving Methods.” Many practicing reserving actuaries have expressed interest in training in techniques used to quantify uncertainty in loss reserves. The purpose of this program is to develop a source of literature with emphasis on the educational and professional needs of actuaries. It is intended to foster the understanding and use of stochastic loss reserving, and to generate publicly available models and methods to estimate loss reserve risk.

Authors must submit their work in accordance with the Guidelines for Submission of Monographs, published on the CAS Web Site. Authors of monographs, accepted within the Tentative Timeline outlined below, may be invited to present their work at the 2013 Casualty Loss Reserve Seminar. In addition, monographs will be published on the CAS Web Site. The Monographs will be subject to peer review prior to publication. An honorarium fund of $10,000 is available to offer for the best submission(s). Both CAS members and non-members are invited to submit proposals.


The monograph series seeks to present a balanced perspective with respect to alternative approaches and to foster critical thinking. Although original research is not discouraged, monographs should be primarily viewed as educational. An individual monograph may focus on a single methodology (for example, bootstrapping, Bayesian, etc.) and should include real-world examples and spreadsheets. Test results and documentation should be included in the paper.

Conditions of optimal application and the advantages/disadvantages of use should be explored, making it easier for a practitioner to choose suitable methods. An approach providing a balanced but critical evaluation of alternative methodologies would be particularly valuable in meeting the educational objectives.


Timely submission according to the Timetable outlined below would ensure that a paper will be ready for presentation at the 2013 Casualty Loss Reserve Seminar.

Deadline for Proposals
By October 1, 2012, authors should submit proposals, including the title, a short description of the topic(s) to be addressed, and the approach that will be taken. Each proposal should be accompanied by the resumes of the author(s), indicating how their background, education, and experience bear on their qualifications to undertake the project. A list of the authors’ publications should be included. Proposals, along with authors’ contact information, should be submitted electronically via e-mail to the Casualty Actuarial Society,, Attn: Gail McDaniel, ACAS, Monograph Call Chairperson.

Acceptance of Proposals
By October 29, 2012, the Committee will make a decision on all proposals and will contact authors.

Monitoring Progress
A Committee member will be assigned to work with each author to monitor the paper's progress and provide general guidance in completing the paper. Interim drafts, based on a schedule proposed by the author, may be requested.

  • By February 18, 2013, a first draft of the completed paper will be submitted to the assigned Committee member for review and comments.
    By April 18, 2013, all comments on the first draft will have been forwarded to the author.

Completion Date
By May 27, 2013, the completed paper and a 200-word abstract must be received for review. Each paper will be screened to assure its quality of exposition and relevance to the call. Submitted papers are subject to rigorous peer review and copy editing.

Approving the Completed Paper
By June 24, 2013, all authors will have been notified as to the results of this screening process. Accepted papers will be published in the CAS Forum and will be available on the CAS Web Site prior to the 2013 Loss Reserve Seminar. Authors may be invited to present their papers at the 2013 Loss Reserve Seminar. These authors will be contacted in advance of the meeting regarding their presentations.

Honorarium Competition
All papers submitted and accepted in response to the call and meeting the minimum standards established by the Committee will be included in the honorarium competition. An honorarium fund of $10,000 is available for papers submitted in response to the call. An independent review committee will judge the papers anonymously and make recommendations for honoraria. If awarded, honoraria will be presented to the author(s) at the 2013 Casualty Loss Reserve Seminar.

Submission Guidelines

Monographs should be prepared in accordance with the Research Paper Template, and the procedures in the Guide for Submission of Monographs on the CAS Web Site. Key words in the abstract should be based on the CAS Research Taxonomy, also on the CAS Web Site. Authors will be required to execute a copyright agreement form, which formally grants the CAS permission to publish the paper. Authors are encouraged to submit working templates in spreadsheet form for models or methods discussed or developed in their papers and/or PowerPoint presentations incorporating the details of the paper's calculations. The spreadsheets and presentations will be posted on the CAS Web Site along with the paper.

The Monograph Committee looks forward to receiving proposals in response to the call, and is happy to respond to inquiries from interested parties. Questions may be addressed to the Monograph Committee via e-mail to

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