AERF Announces Grant Award Recipients

The Actuarial Education and Research Fund (AERF) has awarded several grants in conjunction with its 1999 Individual Grants Competition.

• S. David Promislow, York University, and Virginia Young, University of Wisconsin, will use Yaari's dual theory of risk to measure the relative inequity that arises when insurers use imperfect information to estimate the net premium of insureds.
• The main objective of a study by David Ziebart, University of Illinois-Champaign, is to investigate how pension actuaries communicate actuarial information to others. The study will focus on communication links between actuaries, auditors and users of the financial statements through which actuarial information is summarized and presented.
• A research project by Daniel Dufresne, University of Melbourne, will center on recent theoretical advances in the study of integral exponential functionals in probability theory that improve the use of these functions in actuarial science and finance.
• In a project jointly funded by the AERF and Society of Actuaries Committee on Finance Research, Zinoviy Landsman, University of Haifa, plans to extend a new approach to credibility and to construct new quasi-credibility formulas.

Upon completion, the results of the projects are expected to be submitted for publication to journals such as the CAS Forum and North America Actuarial Journal.