Roger Hayne, FCAS, MAAA, will become the editor in chief of Variance, taking over from Richard Gorvett, FCAS, who has held the position through a period of tremendous growth since 2013. Peng Shi, ACAS, FSA, has been named assistant editor in chief, a new position for Variance.
Hayne has been principal and consulting actuary at Milliman, Inc., since 1977. He is also an associate adjunct professor in statistics and applied probability at the University of California, Santa Barbara. He holds a doctorate in mathematics from the University of California, Riverside.
“My relationship with Variance goes back to its beginnings,” said Hayne. “I participated in the CAS task force that decided on many of the features of Variance, not the least of which was its name.”
An active CAS volunteer, Hayne served as president and most recently completed his term as vice president-
international. He has published numerous papers in the CAS Forum and E-Forum, the Proceedings of the Casualty Actuarial Society and Variance. He is the 1995 recipient of the CAS Dorweiler Prize for his paper “Extended Service Contracts.”
Shi is an actuarial science professor at University of Wisconsin-Madison and has extensive experience in education, research and editorial services in the casualty actuarial field. His journal management experience includes serving as an associate editor for Insurance: Mathematics and Economics and as a member of the editorial board for Dependence Modeling.
“Being in the leadership of the journal is the best way for me to contribute and further move forward our profession,” Dr. Shi said. “As an academic actuary, I can bring another perspective to the journal and the CAS members. I hope to help connect and bridge the practical and academic research, and thus create synergy between the two sides of the knowledge.”
Shi’s research focus is nonlife actuarial science, and he has published extensively in actuarial journals. He has also been a speaker at CAS meetings, including the Annual Meeting and the RPM Seminar.
The Variance editors are responsible for directing the peer review of papers, setting high standards for the integrity of the journal’s content, soliciting high quality manuscripts on topics of relevance, developing guidelines and processes to ensure effective peer review of papers and regularly engaging with the Variance Editorial Board and the actuarial community. They also manage the judging and awarding of the Variance Prize.