2001 Call for Data Management/Data Quality/Data Technology Papers
January 13, 2000
From: CAS Committee on Management Data and Information
Re: 2001 Call for Data Management/Data Quality/Data Technology Papers
The Casualty Actuarial Society (CAS), in conjunction with the Insurance Data Management Association (IDMA), is extending a call for papers on Data Management, Data Quality, and Data Technology topics. The purpose of this program is to develop a source of literature on data topics important to casualty actuaries. Authors of accepted papers may be invited to present their work at the 2001 Ratemaking Seminar. In addition, the papers will be published in the CAS Forum and will be available on the CAS Web Site prior to the Seminar. A prize fund of $1,500 is available for papers submitted in response to this call. CAS members, IDMA members, and non-members are invited to submit proposals.
Data management and data quality topics of interest to casualty actuaries include at least the following broad concerns:
- Using and developing information is one of the casualty actuary’s principal activities. Data is the foundation from which this information is developed. The casualty actuary must have well developed and managed data resources and must be assured that these data resources are of sufficient quality. In advancing the profession’s increasing role in non-traditional areas of practice and dynamic financial analysis, gathering new forms of information from external data sources has increased in importance.
- Technological advances are improving data manipulation and its application to insurance marketing, insurance operations, and actuarial analyses. Examples of these technological advances include dynamic financial analysis and catastrophe modeling. Such advances provide casualty actuaries with an ever-evolving scope to their analyses. As the technology advances, so too must the collection and manipulation of the associated data. Also, technology is enabling insurers to recognize and price new exposures to loss, such as the losses arising in managed care errors and omissions, and e-commerce risks. As new and evolving loss exposures emerge, casualty actuaries must define appropriate models and collect additional data elements for use in analyzing the costs and trends of these exposures.
- The casualty actuary’s work involves quantifying risk that changes systematically due to structural changes in the insurance environment. Examples include law changes such as tort reform, operational changes, and social changes such as changes in claim litigiousness. To account for such structural changes, the casualty actuary must often adjust historical data.
- Insurance data arises primarily from the transaction data collected in accounting systems. The National Association of Insurance Commissioners’ project to codify statutory accounting principles may dictate changes in the amount and definition of data elements and may affect data used in actuarial analysis.
This is the third call from the Committee concerning data issues. The first two calls produced notable papers on geographic information technologies, integration of data technologies to actuarial processes, statistical plans, data for dynamic financial analysis, Y2K, data quality, neural networks, zip code data, emerging data technologies, and intellectual property issues. The following list includes papers written for previous calls. The papers can be downloaded through the 1997 Discussion Paper Program book and the 1999 Winter Forum.
- Insurance Geographics, William M. Raichle, Ph.D.
- Geocoding: Description and Uses, Randall Brubaker, FCAS and Robert Bylls
- Synchronizing Data Management Technologies to Integrate Actuarial Processes, Omar D. Kouatly, Mark W. Littman, FCAS, and Aleksey S. Popelyukhin, Ph.D.
- Statistical Plans for Property/Casualty Insurers, Virginia R. Prevosto, FCAS
- P/C Actuaries: Happy with Your Data, Richard Marr
- Implications of Dynamic Financial Analysis on Demutualization, Jan Lommele, FCAS, and Kevin Bingham, ACAS
- Y2K – A Regulatory Response, Jose Montemayor, Betty Patterson, Holmes Gwynn, ACAS
- On the Hierarchy of Actuarial Objects: Data Processing from the Actuarial Point of View, Aleksey Popelyukhin, Ph.D.
- Watch Your TPA: A Practical Introduction to Actuarial Data Quality Management, Aleksey Popelyukhin, Ph. D.
- Using Neural Networks to Predict Claim Duration in the Presence of Right Censoring and Covariates, David Speights, Ph.D., Joel B. Brodsky, Ph.D. and Darya L. Chudova, M.S.
- Remittance Imaging at Allstate Insurance Company, Lindsay F. Taylor
- The United States Postal Service’s New Role: Territorial Ratemaking, Geoffrey Werner, FCAS
- Insurance Data and Intellectual Property Issues, Alan Wickman, ACAS
We welcome all papers on Data Management/Data Quality/Data Technology topics. Several suggested areas include, but are not limited to, the following:
- Y2K and the Insurance Industry: Revisited. How Have We Fared?
- Data for Mergers and Acquisitions
- Data and the Changing Banking/Insurance Laws
- Online Communication and the Internet – E-commerce Risk
- Data Quality, Integrity, and Certification – The Actuary’s Role
- Viewpoint/Counterviewpoint – Who Owns the Data? Who Should Have Access to the Data? Intellectual Property Issues
- Database Administration and Development
- Data Security
- Data Management – The Actuary’s Role
- Data Retention
- Database Architecture
- Systems/End User Interface
- Programming Standards – set-up, naming conventions, user interface design
- Emerging Technologies
- Information Technology – Advantages and Disadvantages to Outsourcing
- Actuarial Modeling – Catastrophes, Dynamic Financial Analysis, Environmental
- Imaging and Document Management
- Data Warehousing
- Geocoding and Data Managers
- Data Security
- Reengineering: Supporting Changing Business Needs, Changing Technologies, Product Distribution Systems
- Object-Oriented Databases
- Neural Networks
- Capturing Data for Existing and Newly Discovered/Unique Exposures
- Data for Catastrophe Modeling
- Data for Dynamic Financial Analysis
- Data for Managed Care Errors and Omissions Exposure
- Data for Toxic Tort, Asbestos, and Environmental Exposures
- Data for Mass Litigation Exposures
- Statistical Plans – Insurer, Regulatory, Statistical Agent, Industry Perspectives
- NAIC Codification
- Data Issues, Capture, and Ramifications
- Adjusting Actuarial Data for Exogenous Variables
- Adjusting for Tort Reform
- Adjusting for Changes in Insurance Company Operations
- Change in Claim Philosophies
- Change in Distribution Systems
- Change in External Trends – Inflation, etc.
- Use and Sources of External Data
- Industry Data Sources
- Federal Databases
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
- Acceptance of Proposals
- Monitoring Progress
- Completion Date
- Approving the Completed Paper
- Prize Competition
By March 3, 2000, 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 should be submitted to:
Casualty Actuarial Society
Attn: Committee on Management Data and Information
1100 North Glebe Road, Suite 600
Arlington, VA 22201
Fax: (703) 276-3108; E-mail: firstname.lastname@example.org
By April 7, 2000, the Committee will make a decision on all proposals. The number of accepted proposals may be limited, with preference given to papers that specifically address items listed above. The Committee will contact authors regarding their proposals.
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 August 4, 2000, a first draft of the completed paper will be submitted to the assigned Committee member for review and comments.
By September 8, 2000, all comments on the first draft will have been forwarded to the author.
By November 3, 2000, the Committee on Management Data and Information 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.
By December 1, 2000, all authors will have been notified as to the results of this screening process. Accepted papers will be published in the CAS Forum and will be available on the CAS Web Site prior to the 2001 Ratemaking Seminar.
Authors may be invited to present their papers at the Ratemaking Seminar, scheduled for March 12-13, 2001, in Las Vegas, Nevada. These authors will be contacted in advance of the meeting regarding their presentations.
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. A prize fund of $1,500 is available for papers submitted in response to the call. An independent review committee will judge the papers and make recommendations for prizes. IF awarded, prizes will be presented to the author(s) at the 2001 Ratemaking Seminar.
The criteria for evaluation will reflect:
- Originality of ideas;
- Understanding of complex concepts;
- Contribution to the literature; and,
- Thoroughness of ideas expressed.
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" on the CAS Web Site at www.casact.org/about/index.cfm?fa=forum. Additional guidance for the preparation of technical papers for publication is provided in the "Guides for the Submission of Papers" in the 1999 CAS Yearbook (pages 279-287) and on the CAS Web Site at www.casact.org/about/index.cfm?fa=guides. 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 Management Data and Information 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 Management Data and Information at the CAS Office address.
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 2001 Data Management/Data Quality/Data Technology Call Paper Program.