Casualty Actuarial Society

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Reminder: 2018 Climate Change Call for Papers Proposals Due May 19

05/08/2017 —

The CAS Climate Change Committee is sponsoring a call for papers relating to climate change. This follows on the Committee’s 2013 call for essays on the same topic, with particular interest in papers on the Actuaries’ Climate Index.

The Committee welcomes papers on any climate change-related topic. Suggested topics include:

  • How can Enterprise Risk Management be engaged in dealing with climate change?
  • What processes can be used to identify, assess and manage climate change risks, including financial implications?
  • What is the impact of climate change on insurer business continuity plans?
  • What are the implications of the Task Force on Climate-Related Financial Disclosure for insurers?
  • What is the impact of climate change on claims or underwriting (products, terms and pricing), by geographic area or otherwise, e.g.
    • Property (fire, flood, wind, drought)?
    • Casualty (environmental liability, directors and officers liability)?
    • Life & health?
  • How should loss models incorporate climate parameters?
  • How will the pace of climate change be affected by government or international organization support for actions to mitigate the effects of climate change? How will mitigation costs/benefits impact insurers?
  • How can uncertainty in climate models and adaptation/mitigation be measured and handled?
  • How does the Actuaries’ Climate Index, or other climate indices, compare to or interact with catastrophe modelling?
  • How can customers improve their resilience to extreme events, and how can insurers best encourage them to do so?
  • What is the impact of climate change on reserving?
  • What is the impact of climate change on insurer expenses e.g.
    • Regulatory (NAIC, SEC, EU, rating agencies)?
    • Reducing emissions/becoming green?
  • Are there correlated risks between investments and underwriting portfolios as a result of climate change?
  • What are potential impacts of climate change on investment returns, and how might insurer investment policies change in light of the new risks and opportunities?
  • What role should actuaries play in addressing climate change?
  • How can the Actuaries’ Climate Index, or components of it, be used to help evaluate any of these questions?

Authors of accepted papers may be invited to present their work at the 2018 CAS Spring Meeting, scheduled for May 13-16, 2018, in Boston, MA. Accepted papers will be published in the CAS E-Forum and will be available on the CAS Web Site prior to the Spring Meeting. A   $5,000 prize fund is available to the best submission(s). Both CAS members and non-members are invited to submit proposals for papers.

Call Paper Timetable:

Timely submission of the papers is critical to the success of the program. The procedures and timetable enumerated below will apply.

  1. Deadline for Proposals
    By May 19, 2017, authors should submit proposals for their papers including the title, a short description of the topic(s) to be addressed, the approach that will be taken, and a survey of existing actuarial literature on the subject (title and abstract of a maximum of the five most relevant papers). Proposals, along with authors’ contact information, should be submitted via e-mail to Karen Sonnet at the Casualty Actuarial Society at ksonnet@casact.org. Please put "2018 Climate Change Call Paper Proposal" in the subject line. Both CAS members and non-members are invited to submit proposals for papers.
  2. Acceptance of Proposals
    By June 16, 2017, the Committee will make a decision on all proposals. The number of accepted proposals might be limited. The Committee will contact authors regarding their proposals.
  3. 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 within the specified timelines. Interim drafts, based on a schedule proposed by the author, may be requested.  
    • By October 18, 2017, a first draft of the completed paper (including an abstract of no more than 200 words) will be submitted to the assigned Committee member for review and comments. 
    • By December 1, 2017, all comments on the first draft will have been forwarded to the author.
  4. Completion Date
    By January 22, 2018, the Climate Change Committee must receive the completed paper with a 200-word abstract. Authors should also provide the classifications for their papers based on the CAS Research Taxonomy. Each paper will be screened by the Committee to assure its quality of exposition and relevance to the call. The Committee may require further rewriting of the paper to bring it to an acceptable standard.
  5. Approving the Completed Paper
    By February 7, 2018, all authors will have been notified as to the results of this screening process. Before that time, the Committee will try to give authors time to respond to comments from the screening process. Accepted papers will be published in the CAS E-Forum and will be available on the CAS Web Site prior to the CAS 2018 Spring Meeting. The Committee reserves the right to not publish a submission.
  6. Presenting the Paper
    Authors may be invited to present their papers at the CAS 2018 Spring Meeting scheduled for May 13-16, 2018 in Boston, MA. These authors will be contacted in advance of the meeting regarding their presentations.
  7. Prize 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 2018 Emerging Issues Prize Competition. A total prize fund of $5,000 is available for papers submitted in response to the call. There is no guarantee that the total monetary fund, set at a level to recognize more than one paper, shall be exhausted. If awarded, prizes will be presented to the author(s) at the 2018 Spring Meeting. Both CAS members and non-members are eligible for the prize competition. The criteria for evaluation will reflect:
    • Originality of ideas;
    • Clarity of presentation;
    • Contribution to actuarial literature; and,
    • Thorough treatment of those ideas.
  8. Submission Guidelines
    Papers must be no more than 10,000 words and should be prepared in accordance with the Research Paper Template, and the procedures in the Guide for Submission to CAS E-Forum on the CAS Web Site. Additional guidance for the preparation of technical papers for publication is provided on the Tips for Authors page on the CAS Web Site. Authors will be required to execute the "Permission to Publish" and/or the “Author Acknowledgement” forms, 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.

It is hoped that the authors will also submit their papers for publication in Variance in accordance with its submission procedures. However, acceptance of a paper for this call does not guarantee its acceptance for publication in Variance.

The Climate Change 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 CAS Climate Change Committee via e-mail to Karen Sonnet at ksonnet@casact.org. Your participation in this effort to produce new papers will contribute to the written body of knowledge for the CAS and to the success of the 2018 Climate Change Call Paper Program.

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