New CAS Monograph Call Explores Alternative Capital and Reinsurance Markets

The Casualty Actuarial Society (CAS), in conjunction with the CAS Monograph Editorial Board, is pleased to extend a Call for Monographs on the topic of “Alternative Capital and Reinsurance Markets.” The monograph will provide actuaries with a comprehensive, practical resource for understanding this increasingly important area of insurance and reinsurance, with a focus on the educational and professional needs of practicing actuaries.

Background

In recent decades, the insurance and reinsurance industry has turned to the capital markets to help absorb risk, notably from natural catastrophes. Some examples of these insurance-linked securities are catastrophe bonds, collateralized reinsurance, sidecars, and industry loss warranties. Alternative capital has become an important source of capacity in the industry.

What Are the Expectations for This Monograph?

The published monograph will equip actuaries with a rigorous foundation in alternative capital structuring, pricing, and role in risk transfer. It is suggested that it will:

1. Be of sufficient length to provide a comprehensive exploration of the topic
2. Be accessible to practicing actuaries
3. Explore practical applications and incorporate case studies to illustrate real-world implementation of alternative capital concepts.
4. Ideally include code or spreadsheet examples that demonstrate alternative capital methods in practice.

If necessary due to page limits, intuitive explanations may be given instead of formal proofs; however, maintaining a balance between mathematical rigor and practical intuition is encouraged to ensure actuaries gain a solid grasp of alternative capital and reinsurance concepts and their actuarial applications.

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.

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 Submission Requirements?

Proposals should include the following:

1. Proposed title.
2. A short description of the topic(s) to be addressed and the approach that will be taken.
3. An explanation of how the monograph will contribute to the body of knowledge in property-casualty actuarial science and support practitioners.
4. A resume for each author, indicating how their background, education, and experience bear on their qualifications to undertake the project.
5. A list of publications for each author.
6. Contact information for all authors.

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

What Is the Time Frame?

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.

How Do I Submit a Proposal?
Proposals should be submitted by email to Greg Guthrie, CAS Managing Editor. Emails should include the subject line: “Alternative Capital and Reinsurance Markets Monograph Proposal,” followed by the lead author’s last name.

Have Questions?

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