The CAS Monograph Editorial Board (MEB) has awarded three honoraria for monographs published in response to its call for papers on stochastic reserving.
The MEB established the honoraria for the stochastic reserving topic in order to motivate authors to explore this area, and to recognize worthwhile contributions to the literature on this important topic. The call for monographs on stochastic loss reserving was issued in August 2012 and included the direction that the monographs should be “primarily viewed as educational.”
Three papers were received and published in response to this call:
- Stochastic Loss Reserving Using Bayesian MCMC Models by Glenn Meyers, FCAS
- Using the ODP Bootstrap Model: A Practitioner’s Guide by Mark Shapland, FCAS
- Stochastic Loss Reserving Using Generalized Linear Models by Greg Taylor and Gráinne McGuire
An MEB subcommittee reviewed the three monographs to determine the awarding of honoraria. The monographs were evaluated in four key areas: responsiveness, originality, usefulness, and readability. The subcommittee ultimately decided that all three monographs were important additions to the literature, and that each of the three monographs was deserving of recognition. The subcommittee proposed that the honorarium fund be divided equally among the three publications.
The total amount of the original $10,000 honorarium was increased in order to award $3,500 to each chosen paper. The recipients will be recognized and honored at the 2016 CAS Annual Meeting, November 13-16, 2016 in Orlando, Florida.
The CAS Monograph Series now has five total entries; the remaining two were submitted outside of the stochastic reserving call, and cover other relevant property and casualty subjects:
- Distributions for Actuaries by David Bahnemann
- Generalized Linear Models for Insurance Rating by Mark Goldburd, FCAS, Anand Khare, FCAS, and Dan Tevet, FCAS
CAS monographs are authoritative, peer-reviewed, in-depth works focusing on important topics within property and casualty actuarial practice. Monographs are available to the CAS community as free downloads. If you are interested in contributing a monograph, submission guidelines can be found on the CAS web site or by contacting Donna Royston at droyston@casact.org.
