This prize was established in 1993 in recognition of Charles A. Hachemeister's many contributions to Actuarial Studies in Non-Life Insurance (ASTIN) and his efforts to establish a closer relationship between ASTIN and the CAS. ASTIN was created in 1957 as the first specialty section of the International Actuarial Association (IAA).
Papers published or presented in the calendar year prior to the award year are eligible for the prize, including:
- Articles, workshop articles, and invited papers published in issues of the ASTIN Bulletin
- Papers presented at the ASTIN Colloquium
- International Actuarial Association Congress or Actuarial Approach for Financial Risks (AFIR) Colloquium papers
Papers will be judged by a specially appointed committee of the CAS.
In honor of Charles Hachemeister’s passion for connecting ASTIN’s primarily European-based membership to challenges faced by CAS members in North America, emphasis in selecting the prize-winning paper will be placed on the paper's impact for North American actuaries and practicality of application. If no paper is considered eligible in a given year, the award shall not be made. The committee's decision will be final.
The announcement of the award will be made annually at the CAS Spring or Annual Meeting.
The amount of the Charles A. Hachemeister Prize is currently $2,500.
Recipients of the Hachemeister Prize
2024
Jonas Crevecoeur, Katrien Antonio, Stijn Desmedt and Alexandre Masquelein
Bridging the Gap Between Pricing and Reserving with an Occurrence and Development Model for Non-Life Insurance Claims
2023
Benjamin Avanzi, Yanfeng Li, Bernard Wong, Alan Xian
Ensemble Distributional Forecasting for Insurance Loss Reserving
2022
No Award
2021
Suguru Fujita, Toyoto Tanaka, Kenji Kondo, and Hirokazu Iwasawa
AGLM: A Hybrid Modeling Method of GLM and Data Science Techniques
2020
Ronald Richman
AI in Actuarial Science
2019
IFoA/CAS International Pricing Working Party
Analyzing the Disconnect Between the Reinsurance Submission and Global Underwriters’ Needs
2018
Glenn Myers
A Cost of Capital Risk Margin Formula For Non-Life Insurance Liabilities
AND
Peng Shi and Kun Shi
Territorial Risk Classification Using Spatially Dependent Frequency-Severity Models
2017
Benjamin Avanzi, Greg Taylor, and Bernard Wong
Correlations Between Insurance Lines of Business: An Illusion or a Real Phenomenon? Some Methodological Considerations
2016
Anas Abdallah, Jean-Philippe Boucher, and Hélène Cossette
Modeling Dependence between Loss Triangles with Hierarchical Archimedean Copulas
2015
George H. Zanjani and Daniel Bauer
The Marginal Cost of Risk in a Multi-Period Risk Model
2014
Michael Fackler
Reinventing Pareto: Fits for Both Small and Large Losses
2013
Christophe Dutang, Stéphane Loisel, and Hansjoerg Albrecher
A Game-Theoretic Approach to Non-Life Insurance Markets
2012
Yichun Chi and Ken Seng Tan
Optimal Reinsurance Under VaR and CVaR Risk Measures: A Simplified Approach
2011
Robert S. Miccolis and David E. Heppen
A Practical Approach to Risk Margins and the Measurement of Insurance Liabilities for Property and Casualty (General Insurance) under Developing International Financial Reporting Standards
2010
Edward W. Frees, Peng Shi, and Emiliano A. Valdez
Actuarial Applications of a Hierarchical Insurance Claims Model
2009
Thomas Mack
The Prediction Error of Bornhuetter/Ferguson
2008
Thomas Wright
A General Framework for Forecasting Numbers of Claims
2007
Emmanuel Bardis, Christina Gwilliam, Stephen P. Lowe, and Atul Malhotra
Considerations Regarding Standards of Materiality in Estimates of Outstanding Liabilities
2006
William H. Panning,
Measuring Loss Reserve Uncertainty
2005
Jon Holtan,
"Pragmatic Insurance Option Pricing"
2004
Donald F. Mango,
"Capital Consumption: An Alternative Method for Pricing Reinsurance"
2003
Shaun S. Wang,
"A Universal Framework for Pricing Financial and Insurance Risks"
2002
Nicholas E. Frangos and Spyridon D. Vrontos,
"Design of Optimal Bonus-Malus Systems with a Frequency and a Severity Component on an Individual Basis in Automobile Insurance"
2001
Morton Lane
Pricing Risk Transfer Transactions
2000
Uwe Schmock,
"Estimating the Value of the WinCAT Coupons of the Winterthur Insurance Convertible Bond: A Study of the Model Risk"
1999
No Award
1998
James A. Tilley,
"The Securitization of Catastrophic Property Risks"
1997
Stephen P. Lowe and James N. Stanard,
"An Integrated Dynamic Financial Analysis and Decision Support System for a Property Catastropher Reinsurer"
1996
Gregory C. Taylor,
"Modeling Mortgage Insurance Claims Experience: A Case Study"
1995
Michel Laparra, Isabelle Lion, and Christian Partrat,
"Design and Analysis of Market Prices Indices for the U.S. Natural Catastrophe Excess Reinsurance Treaties"
1994
Dr. Thomas Mack,
"Which Stochastic Model is Underlying the Chain Ladder Method?"
