The CAS Issues Call for Monograph on Game Theory

The Casualty Actuarial Society, in conjunction with the CAS Monograph Editorial Board, is pleased to extend a Call for Monographs on the topic of Game Theory.” The call aims to develop a comprehensive source of literature with emphasis on the educational and professional needs of actuaries to foster a deeper understanding of game theory and its potential application in practice. 

What Is Game Theory?

Game theory is the study of strategic interactions among rational agents. It has wide-ranging implications for the insurance industry. From competitive pricing and market dynamics to underwriting behavior, claims negotiations, and regulatory interactions, game-theoretic models can provide valuable insights into how stakeholders make decisions in environments characterized by uncertainty, interdependence, and incomplete information.

What Are the Expectations for This Monograph?

The published monograph will:

• Introduce key concepts and tools from game theory that are relevant to actuaries.
• Explore real-world applications in P&C insurance, such as:
  • Competitive market pricing and equilibrium strategies.
  • Adverse selection and signaling in insurance markets.
  • Negotiation and settlement dynamics in claims.
  • Moral hazard and incentive design.
  • Regulatory interaction and compliance strategy.
• Include illustrative examples and/or case studies.
• Be accessible to actuaries with a strong quantitative background.

To the extent practicable, code or spreadsheets to illustrate the concepts are encouraged. 

Who May Submit a Proposal?

The CAS welcomes proposals from anyone, regardless of their profession, education, or geographic location. Proposals should include a clear outline of the manuscript that will be delivered. The proposal should be accompanied by the resumes of the author(s), indicating how their backgrounds and education demonstrate their expertise on this subject. 

What Are the Proposal Requirements?

Proposals should include the following:

• Proposed title.
• A short description of the topic(s) to be addressed and the approach that will be taken.
• A resume for each author, indicating how their background, education, and experience bear on their qualifications to undertake the project.
• A list of publications for each author.
• Contact information for all authors.

Proposals should be submitted by email to Greg Guthrie, CAS Managing Editor. Emails should include the subject line: “Game Theory Monograph Proposal,” followed by the lead author’s last name.

The Monograph Editorial Board will notify authors of their decision on all proposals.

What Is the Timetable?

Timely submission according to the timetable below will ensure that a paper will be ready for presentation at an upcoming, related CAS seminar or meeting.

An Editorial Board member will be assigned to work with each author to monitor the paper’s progress and to provide general guidance for completion of the paper. Interim drafts, based on a schedule proposed by the author, may be requested.

Final manuscripts are subject to the peer-review process. Accepted monographs will be published and available on the CAS website.

Who Owns the Published Monograph?

Authors will be required to sign a copyright assignment agreement form. This form assigns the CAS exclusive right, title, and interest to the work, including the right of the CAS to edit the work and publish the author’s name in connection with the publication of the monograph. The CAS will grant back to the author certain rights under a limited license.

Authors are encouraged to present on the final work at a CAS meeting or seminar.

To encourage further advancement of the actuarial profession, the CAS requests that any manuscript code and data be placed in the CAS’s GitHub repository, https://github.com/casact, under the MPL2.0 license.

Have Questions?

Any questions on this Call may be addressed to Greg Guthrie, CAS Managing Editor, or Elizabeth Smith, Director of Publications and Research.

What Is the CAS Monograph Series?

CAS Monographs are authoritative, peer-reviewed, in-depth works focusing on important topics within property and casualty actuarial practice. Since 2015, CAS Monographs have delivered comprehensive explorations of specific subjects that add to the existing body of CAS literature. Content from certain monographs have been included in CAS exam syllabi. The Monograph Editorial Board provides editorial leadership to this program.

What Is the Casualty Actuarial Society (CAS)?

The Casualty Actuarial Society (CAS) is a leading international organization for credentialing, professional education and research. Founded in 1914, the CAS is the world’s only actuarial organization focused exclusively on property-casualty risks and serves over 11,000 members worldwide. CAS members are sought after globally for their insights and ability to apply analytics to solve insurance and risk management problems.

As the world’s premier P&C actuarial research organization, the CAS reaches practicing actuaries across the globe with thought-leading concepts and solutions. The CAS has been conducting research since its inception. Today, the CAS provides thousands of open-source research papers, including its prestigious publication, Variance — all of which advance actuarial science and enhance the P&C insurance industry. Learn more at casact.org.