2022 Reserving Call Paper Program
The Casualty Actuarial Society (CAS) and the CAS Reserves Committee (CASCOR) are pleased to extend a call for papers. The goal of this program is to facilitate the publication of clear, practical, accessible papers on reserving topics.
We are especially interested in papers which address:
- Implications of IFRS 17
- Market consistent valuation methods for non-life reserves
CASCOR will review papers for acceptance based on the following criteria:
- Understandability of concepts,
- Thoroughness, originality and clarity of ideas expressed,
- Feasibility of ideas, and
- Contribution to current reserving literature.
Proposals related to any reserving-related matters are welcome. Both members and non-members of the CAS are invited to submit proposals.
Authors should focus on presenting ideas in a logical manner accessible to readers with experience in reserving. Authors are encouraged to submit with their paper a practical tool (e.g. R/Python code, or a spreadsheet) to add to the educational value of the paper.
Accepted papers will be published in the CAS E-Forum, and authors of accepted papers may be invited to present at the 2022 Casualty Loss Reserve Seminar. In addition, a prize fund of $10,000 has been established for papers which make a particularly strong contribution to the reserving literature. Amounts from the prize fund will be granted at the sole discretion of the reserves research committee.
Review of Papers
Each author whose proposal is accepted will be assigned two or three members of CASCOR who will serve as reviewers. Reviewers will read drafts, give feedback, and provide assistance to the author as he or she works toward producing a final draft. The goal of the review process is to help the author submit a final paper that is acceptable for publication in the E-Forum. If the paper presents interesting concepts but isn’t appropriate for the E-Forum, reviewers will help the author find a more suitable medium for publication.
All papers submitted and accepted in response to the call and meeting the minimum standards established by CASCOR will be eligible for a cash prize.
- Deadline for Proposals
By December 10, 2021, authors should submit a one- to two-page proposal including the paper title, a short description of the topic(s) to be addressed, the approach to be taken, and a survey of existing actuarial literature on the subject (title and abstract of a maximum of the five most relevant papers). Proposals should be submitted electronically via email to Brian Fannin at the Casualty Actuarial Society at BFannin@casact.org. Please put “2022 Reserving Call Paper Proposal” in the subject line of the email message.
- Acceptance of Proposals
CASCOR will make a decision to accept or reject each proposal. The number of accepted proposals may be limited. CASCOR will contact authors by December 31, 2021, regarding their proposals.
- Monitoring Progress
As mentioned above, a review team will be assigned to work with each author whose proposal is accepted. The author and review team will establish a mutually agreeable schedule for the production of interim drafts. By April 1, 2022, a first draft of the completed paper (including an abstract of no more than 200 words) should be submitted to the review team. A draft version of the companion practical tool, if any, should also be submitted at this time. Each paper will be screened by the review team to assure its quality of exposition, relevance to the call and to reserving research, and adherence to format requirements described below. The review team may require rewriting of the paper to bring it to an acceptable standard.
By April 29, 2022, the review team will send comments on the first draft to the author.
- Completion Date
By May 27, 2022, CASCOR must receive the completed paper (and tool, if any) for its review.
- Approving the Completed Paper
By June 24, 2022, all authors will be notified as to the acceptability of their final submitted paper. Accepted papers will be published in the CAS E-Forum. Authors will be required to upload their final paper electronically in the ScholarOne system.
CASCOR may reject papers that are submitted late, do not align with the accepted proposal, do not follow the research paper template, do not incorporate material suggestions from the review team, or contain deficiencies in clarity, substance, style, or grammar.
- Presenting the Paper
Authors may be invited to present their papers at the 2022 CLRS.
- 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 the Guide for Submission to CAS E-Forum on the CAS website. Key words in the abstract should be based on the CAS Research Taxonomy. CASCOR requests that authors use the terminology and notation established in the Reserve Variability Working Party report when possible.
Authors will be required to upload an electronic copy of the paper and will be asked to sign the “Permission to Publish" and/or “Author Acknowledgement” forms, which formally grant the CAS permission to publish the paper.
The Reserves Committee 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 Brian Fannin, CAS Research Actuary, at BFannin@casact.org. Your participation in this effort will contribute to the written body of knowledge of the CAS and to the success of the 2022 Reserving Call Paper Program.