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Casualty Actuarial Society Award

This award, established in 1997, is made to the author of a paper published by the American Risk and Insurance Association (ARIA) that provides the most valuable contribution to casualty actuarial science.

Papers eligible for the prize include articles, workshop articles, and invited papers published in the Journal of Risk and Insurance during the preceding year. Papers published in new ARIA journals may also be eligible for this award. If no paper is considered eligible in a given year, the award will not be made. Papers will be judged by a specially appointed committee of the Society, whose decision will be final.

The presentation of the award will be made annually at the August ARIA Meeting. The author of the prize winning paper will be invited to present the paper at a CAS meeting. The amount of the CAS award is currently $1,000.

Past recipients of the CAS Award are:


Peng Shi, University of Wisconsin, "A Multivariate Analysis of Intercompany Loss Triangles" JRI, Vol. 84, No. 2, 717-737, June 2017


Alexander Braun, University of St. Gallen, “Pricing in the Primary Market for Cat Bonds: New Empirical Evidence,” JRI, Vol. 83, No. 4, 811-847, December 2016

Honorable Mention

Valeria Bignozzi, University of Firenze, Andreas Tsanakas, Cass Business School, “Parameter Uncertainty and Residual Estimation Risk," JRI, Vol. 83, No. 4, 949-978, December 2016


Milton Boyd, University of Manitoba, Jeffrey Pai, University of Manitoba, Lysa Porth, University of Manitoba, "Insurance Premium Calculation Using Credibility Analysis: An Example from Livestock Mortality Insurance", JRI, Volume 82, Issue 2, pages 341-357, June 2015


Edward Frees, University of Wisconsin-Madison, Glenn Meyers, ISO Innovative Analytics, David Cummings, ISO Innovative Analytics, "Insurance Ratemaking and a Gini Index, " JRI, Vol. 81, No. 2, p. 335-366, June 2014


Yanwei Zhang, CNA Insurance Company, Vanja Dukic, University of Colorado-Boulder "Predicting Multivariate Insurance Loss Payments Under the Bayesian Copula Framework", JRI Vol. 80, Nr 4, Dec 2013, p 891


M. Martin Boyer, HEC Montreal, Eric Jacquier, HEC Montreal, Simon van Norden, HEC Montreal “Are Underwriting Cycles Real and Forecastable?”, Journal of Risk and Insurance, 79 (4): 995-1016


Richard A. Derrig, OPAL Consulting LLC, Sharon Tennyson, Cornell University “The Impact of Rate Regulation on Claims Evidence from Massachusetts Automobile Insurance,” RMIR Fall 2011, V. 14 #2, pp. 173-199


George Zanjani, Georgia State University “An Economic Approach to Capital Allocation,”  JRI September 2010, 77:3, pp. 523-549


J. David Cummins, Temple University, Philippe Trainar, SCOR Paris, Securitization, Insurance, and Reinsurance, JRI September 2009, V. 76 #3, pp. 463-492

2009 Pierre Picard, Ecole Polytechnique “Natural Disaster Insurance and the Equity-Efficiency Trade-off,” JRI, March 2008, V. 75 No. 1, pp. 17-38

Patrick Brockett, University of Texas-Austin, Linda Golden, University of Texas-Austin “Biological and Psychobehavioral Correlates of Risk Taking, Credit Scores, and Automobile Insurance Losses: Toward an Explication of Why Credit Scoring Works,“ JRI, March 2007, V. 74 #1, pp. 23-63

2007 Michael Sherris, "Solvency, Capital Allocation and Fair Rate of Return in Insurance", The Journal of Risk and Insurance, Vol. 73 No. 1(March 2006), pp. 71-96.

J. David Cummins and Richard D. Phillips, "Estimating the Cost of Equity Capital for Property-Liability Insurers," The Journal of Risk and Insurance, Vol. 72, No. 3 (Sept. 2005), pp. 441-478.


Steve D'Arcy and Rick Gorvett, "The Use of Dynamic Financial Analysis to Determine Whether an Optimal Growth Rate Exists for a Property-Liability Insurer," The Journal of Risk and Insurance, Vol. 71, No. 4 (Dec. 2004), pp. 583-616.


Natacha Brouhns, Montserrat Guillen, Michel Denuit, and Jean Pinquet, for "Bonus-Malus Scales in Segmented Tariffs with Stochastic Migration Between Segments", The Journal of Risk and Insurance, Vol. 70, No. 4 (Dec. 2003), pp. 577-599.


Patrick Brockett, Richard Derrig, Linda Golden, Arnold Levine, and Mark Alpert, for "Fraud Classification Using Principal Component Analysis of RIDITs", The Journal of Risk and Insurance, Vol. 69, No. 3 (Sept. 2002), pp. 341-371.


Stewart C. Myers and James A. Read, Jr. for "Capital Allocation for Insurance Companies", The Journal of Risk and Insurance, Vol. 68, No. 4 (Dec. 2001), pp. 545-580.


Patrick Brockett, Gene C. Lai, Robert C. Witt, Hung-Gay Fung, and Richard D. MacMinn, "Great (and not so Great) Expectations: An Endogenous Economic Explication of Insurance Cycles and Liability Crises" Journal of Risk and
Insurance (Dec. 2000), Vol. 67, No. 4.


Joan Lamm-Tennant and Mary A. Weiss for "International Insurance Cycles: Rational Expectations/Institutional Intervention", The Journal of Risk and Insurance, Vol. 64, No. 3  (Sep. 1997), pp. 415-439

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