Casualty Actuarial Society

Research

2005 Reinsurance Call for Papers

The CAS Committee on Reinsurance Research is sponsoring a call for papers on the topic
"Pricing Low-frequency Reinsurance Products." Authors of accepted papers may be invited to present their work at the 2005 CAS Seminar on Reinsurance scheduled for June 6-7, 2005 in Bermuda. Accepted papers will be published in the CAS Forum and will be available on the CAS Web Site prior to the Seminar.

Papers submitted in response to the call will be considered for the Ronald Ferguson Reinsurance Prize. The amount of the Ronald Ferguson Reinsurance Prize is currently $2,000. Both CAS members and non-members are invited to submit proposals for papers. This call paper program will focus on the evaluation of "Low-frequency, High-Risk Exposures," most often considered in the realm of Reinsurance.

Suggested Topics
The Committee welcomes all papers on Reinsurance topics. Several suggested areas include, but are not limited to, the following:

  • Casualty High Excess
  • Catastrophe Pricing
  • Extreme Value Theory
  • Risk Load, for Property as well as Casualty
  • Mega-sized Claim Development
  • Terrorism
  • D&O Pricing

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.

Deadline for Proposals
By September 7, 2004, authors should submit proposals including the title, a short description of the topic(s) to be addressed, and the approach that will be taken. Proposals, along with authors' contact information, should be submitted electronically via e-mail to the Casualty Actuarial Society at office@casact.org. Please put "2005 Reinsurance Call Paper Proposal" in the subject line of the e-mail message.

Acceptance of Proposals
By September 28, 2004, the Committee will make a decision on all proposals. The number of accepted proposals might be limited, with preference given to papers that specifically address items listed above. The Committee will contact authors regarding their proposals.

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 January 11, 2005, a first draft of the completed paper will be submitted to the assigned Committee member for review and comments.
  • By February 8, 2005, all comments on the first draft will have been forwarded to the author.

Completion Date
By March 8, 2005, the Committee on Reinsurance Research must receive the completed paper with a 200-word abstract and a list of keywords for final review. Key words in the abstract should be based on the CAS Research Taxonomy, also on the CAS Web Site. 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.

Approving the Completed Paper
By March 29, 2005, 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 Forum and will be available on the CAS Web Site prior to the 2005 Seminar on Reinsurance. Authors may be invited to present their papers at the Seminar on Reinsurance, scheduled for June 6-7, 2005, in Bermuda. These authors will be contacted in advance of the meeting regarding their presentations.

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 Ronald Ferguson Reinsurance Prize competition. The amount of the Ronald Ferguson Reinsurance Prize is currently $2,000. If awarded, the prize will be presented to the author(s) at the 2005 Seminar on Reinsurance.

The criteria for evaluation will reflect:

  • Originality of ideas;
  • Clarity of presentation;
  • Contribution to reinsurance literature; and,
  • Thorough treatment of those ideas.

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 theGuide 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.

Authors will be required to execute a "Permission to Publish" 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.

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 Reinsurance Research 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 Reinsurance Research via e-mail at office@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 2005 Reinsurance Call Paper Program.