Casualty Actuarial Society

Research

2000 Call for Ratemaking Discussion Papers
August 14, 1998

From: Ratemaking Discussion Paper Chairperson

Re: 2000 Call for 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 important 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 some authors may be asked to present their papers at the 2000 Ratemaking Seminar. Both CAS members and non-members are invited to submit proposals.

We welcome all papers on ratemaking topics, but prefer papers that focus on the considerations listed in the CAS Statements of Principles Regarding Property and Casualty Insurance Ratemaking. In addition, we have listed 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. New Technologies and Their Impact on Ratemaking and Classifications
  • "Commodization" - new mediums for selling insurance; consumer behavior; impact on risk classifications
  • New Tools and Applications
  • Data Mining
  • Multivariate Analysis
  • Data Warehousing - considerations from a ratemaking perspective
  • Credit Ratings - usage in classifications
  1. Competitive Information
  • Quantification and Incorporation in Rate Analysis
  • Competitive Value vs. Public Need to Know
  • Regulatory Response
  1. International Issues
  • What Do U.S. Actuaries Need to Know Before Going Global
  • Ratemaking for Foreign Exposure
  1. Reinsurance
  • Traditional Products
  • Alternative Instruments

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

  1. By October 23, 1998, 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, 1999, 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, 1999, a first draft will be required for committee member review and comments. These comments will be sent to the authors by July 15, 1999.
  5. By October 1, 1999, the completed paper of no more than 10,000 words, and a 200-word abstract, must be received by the committee. In addition to a hard copy of the paper, the author will be required to provide an electronic copy of the paper on diskette, and will be asked to sign a "Release and License" form allowing the CAS to publish the paper.
  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 distributed in advance of the 2000 Ratemaking Seminar. The target date for distribution is February 15, 2000.
  8. Some authors may be asked to present their papers at the 2000 Ratemaking Seminar, scheduled for March 9-10 in San Diego. 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 2000 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 1998 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 2000 Ratemaking Discussion Paper Program.


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