Casualty Actuarial Society


CASACT - 2000 DFA Call Paper Program Committee on DFA Announces 2000 Call for Papers
Evaluation of Strategic Alternatives and Presentation of Conclusions

July 15, 1999

The Casualty Actuarial Society is pleased to extend a call for papers on the topic of "Evaluation of Strategic Alternatives and Presentation of Conclusions of Dynamic Financial Analysis." The purpose of this call for papers is to encourage communication of work being done with dynamic financial models. Authors of accepted papers may be invited to present their work at the 2000 Dynamic Financial Analysis Seminar scheduled for July 17-18, 2000, in New York. In addition, the papers will be published in the CAS Forum and will be available on the CAS Web Site prior to the Seminar. Prizes of up to $10,000 are available for the best papers submitted. Both CAS members and non-members are invited to submit proposals for papers.

Prior calls on the subject of Dynamic Financial Analysis dealt with the Application of a Dynamic Financial Analysis Model (1996), Financial and Insurance Variables Appropriate for DFA Models (1997), Dynamic Financial Analysis – Applications and Uses (1998) and Dynamic Financial Analysis – Parameterizing Models (1999). By comparison, this call will focus on the evaluation of the strategic alternatives and the presentation of conclusions. It is expected that each paper will include the following:

  • Description of strategies considered or problem being solved;
  • Description of analytical process;
  • Interpretation of model results/evaluation of strategies;
  • New iterations/directions considered as a result of prior analysis;
  • Description of measures of risk and reward used in evaluation; and
  • Description of the presentation of conclusions.

Authors should focus the most effort on the presentation of conclusions, i.e., how the DFA model was actually used to convince senior management to implement a change in strategy. A detailed description of models and variables is not required; however, if a description is helpful to the reader, details should be included in an appendix.

Call Paper Timetable
Timely submission of the discussion papers is critical to the success of the call. The procedures and timetable enumerated below will apply.

  1. Deadline for Proposals
    By September 1, 1999, authors should submit proposals for their papers including the title, a short description of the topic(s) to be addressed, and the approach that will be taken. Proposals should be submitted to:

    Casualty Actuarial Society
    1100 North Glebe Road, Suite 600
    Arlington, Virginia 22201
    Attn: DFA - 2000 Call for Papers

    Proposals may be also submitted via e-mail to
  2. Acceptance of Proposals
    By October 1, 1999, a subcommittee of the Committee on Dynamic Financial Analysis will have made a decision on all proposals. The number of accepted proposals may 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. By mutual agreement, the author and the assigned Committee member will establish a schedule for the production of interim drafts.
  4. Completion Date
    By March 1, 2000, the Committee must receive the completed paper and a 200-word abstract for their review. 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 May 1, 2000, authors will have been notified as to the results of the screening process, and final approvals will have been provided. Accepted papers will be printed in the CAS Forum and will be available on the CAS Web Site prior to the DFA Seminar.

    Authors may be invited to present their papers at the DFA Seminar, scheduled for July 17-18, 2000, in New York.
  6. 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 prize competition. Prizes of up to $10,000 are available for the best papers submitted and will be awarded at the 2000 DFA Seminar. The best paper(s) will be selected by an independent review committee that will judge the papers anonymously. The criteria for evaluation will reflect:
  • Originality of ideas
  • Clarity of presentation
  • Contribution to the literature
  • Thoroughness of analysis

Papers must be no more than 10,000 words and should be prepared in accordance with the procedures outlined in the "Guide for Submission to CAS Forum". Additional guidance for the preparation of technical papers for publication is provided in the "Guides for the Submission of Papers". In addition to a hard copy of the paper, the authors will be required to provide an electronic copy of the paper on diskette or by e-mail, and will be asked to sign a "Release and License" form allowing the CAS to publish the paper.

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

The Committee on Dynamic Financial Analysis 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 Committee on Dynamic Financial Analysis at the CAS Office address.