Casualty Actuarial Society

Research

CASACT - Call for 1999 Ratemaking Discussion Papers Call for 1999 Ratemaking Discussion Papers
August, 1997

From: Ratemaking Discussion Paper Chairperson
Re: Call for 1999 Ratemaking Discussion Papers

The Casualty Actuarial Society is again pleased to extend a call for discussion papers on ratemaking topics. As ratemaking is one of the casualty actuary’s major area of expertise, it is crucial that we foster research and keep our literature current. The Ratemaking Discussion Paper Program is offered to accomplish these goals and to provide additional material for basic and continuing education purposes. This program does not replace the annual CAS Call Paper Program.

A prize will be awarded for the best submission, and a few selected authors may be asked to present their papers at the 1999 Ratemaking Seminar. Both CAS members and non-members are invited to submit proposals.

We welcome all papers on ratemaking topics, but prefer papers which focus on the considerations listed in the CAS Statements of Principles Regarding Property and Casualty Insurance Ratemaking. In addition, we have listed below topics which are of interest as current events issues or subjects in which various committees of the CAS have expressed a desire to expand the body of available literature.

  1. Environmental Exposures in Personal Lines Policies

    • Underground Storage Tanks
    • Lead Exposure
    • Chemical/Petroleum Product Spills and Clean-ups

  2. Risk Securitization

    • How the Arrangements are Priced
    • Impact on Traditional Pricing

  3. Managed Care

    • WC Impacts
    • Personal Lines Impacts

  4. Affordability/Availability

    • Unbundling of Homeowners Policy
    • Pricing Liability Coverage for Managed Care Providers

  5. Revisiting the Basics

    • Insurance-to-Value
    • Pricing Deductibles, Excess Layers, and Coinsurance
    • Increased Limits Factors
    • Expense Analysis

The following procedures will apply to the submission of the discussion papers:

  1. By November 3, 1997, authors should submit proposals that include a title and short description to:
    Casualty Actuarial Society
    1100 N. Glebe Road, Suite 600
    Arlington, VA 22201
    Attn: Committee on Ratemaking

  2. By January 1, 1998, the Committee on Ratemaking will make its decisions on the proposals. A limited number of proposals will be accepted, with preference given to papers that specifically address the topics listed above. The Ratemaking Discussion Paper Chairperson will contact the authors regarding their proposals.

  3. A committee member will be assigned to work with each author, and will monitor the progress of the paper. The author may be requested to provide interim drafts.

  4. By May 1, 1998, a first draft will be required for committee member review and comments. These comments will be sent to the authors by July 15, 1998.

  5. By October 1, 1998, the completed paper of no more than 10,000 words, and a 200-word abstract, must be received by the committee.

  6. Each paper will be screened by the Committee on Ratemaking. Occasionally, an initially accepted proposal may develop into a paper that does not meet the minimum standards established by the Committee due to relevance of material or quality of exposition. As a result, some further rewriting may be required by the Committee, or the paper may be dropped from consideration in the Discussion Paper Program.

  7. Accepted papers will be printed, bound, and distributed in advance of the 1999 Ratemaking Seminar. The target date for distribution is February 15, 1999. (The number of papers printed may be limited by the space available in the CAS Forum.)

  8. A few authors may be asked to present their papers at the 1999 Ratemaking Seminar, scheduled for March 11-12 in Nashville. These authors will be contacted in advance of the meeting regarding their presentations.

  9. A prize, in the amount of $1,000, will be awarded to the author of the best paper, and will be presented at the 1999 Ratemaking Seminar. The winner will be selected by a review committee which will review the submissions anonymously. The criteria for evaluation will include:

    • Originality of ideas
    • Understandability of complex concepts
    • Contribution to the ratemaking literature
    • Thoroughness of ideas expressed
    • Timeliness and relevance of research

If no paper is considered eligible, the award shall not be made.

All papers should be prepared in accordance with the “Guides for the Submission of Papers” in the CAS Yearbook. It is hoped that the authors will also submit their papers for publication in the Proceedings in accordance with the procedures shown in the 1997 Yearbook. However, acceptance of a discussion paper for this call does not guarantee its publication in the Proceedings.

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 1999 Ratemaking Discussion Paper Program.


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