CAS: 2009 Call for Ratemaking Discussion Papers

Sponsor: The Casualty Actuarial Society (CAS)

The Casualty Actuarial Society is again pleased to extend a call for discussion papers on ratemaking topics. This call is under our new two-year cycle and demonstrates our efforts to improve the process for submitting and reviewing papers, giving authors sufficient time to explore topics, and submit high-quality research.

Ratemaking is a major area of expertise for casualty actuaries; it is important that we foster and publish timely, relevant, and high-quality research. The Ratemaking Discussion Paper Program is offered to further these goals and to provide additional material for basic and continuing education purposes. Papers will be reviewed for acceptance based on:

1. Originality of ideas

2. Understandability of concepts

3. Contribution to the ratemaking literature

4. Thoroughness of ideas expressed

5. Timeliness and relevance of research

Authors of accepted papers may be invited to present their work at the 2009 Ratemaking Seminar. In addition, the papers will be published in the CAS Forum and will be available on the CAS web site prior to the Seminar. A prize fund of $2,500 is available for the outstanding papers submitted in response to the call (with not more than $1,500 awarded to one paper). Both CAS members and non-members are invited to submit proposals for papers.

All papers on ratemaking topics are welcome, and papers should focus on the Considerations listed in the CAS Statement of Principles Regarding Property and Casualty Ratemaking. Suggested ratemaking topics based on current events and topics that deserve new or continued research are listed below.

A. Expert Underwriting Systems:

· Going beyond loss costs

· Lifetime value of the customer

· Customer elasticity

· Regulatory considerations

B. Catastrophe Ratemaking

· Profit Margins in Catastrophe Ratemaking

· Underwriting for Catastrophes

· ASOP 38

· Alternative Risk Transfer

· Catastrophe Loadings by Class/Territory

C. Scoring Models

· Types of Models

· Components of Scoring models

· Regulatory considerations

D. Enterprise Risk Management

· Impacts on Ratemaking

· Aggregation of Exposure

· Concentration issues

E. Specialty Products

· Federal and State Insurance Programs – FDIC, Flood, Earthquake

· Impact of coverage changes on pricing

· Director’s & Officer’s, Fiduciary Liability, Errors and Omissions

· Emerging products – GAP Insurance, Residual Value

Amount: A prize fund of $2,500 is available for the outstanding papers submitted in response to the call (with not more than $1,500 awarded to one paper).

Deadline: By June 29, 2007, authors must submit proposals for their papers including the suggested title, a short description of the topic(s) to be addressed, the approach that will be taken, and a survey of existing actuarial literature on the subject (title and abstract of a maximum of the five most relevant papers). Authors should review the criteria for acceptance shown above, and the format of papers shown below. Proposals should be submitted electronically, including contact information, via e-mail to the Casualty Actuarial Society.

For further information, please visit: http://www.casact.org/cms/index.cfm?fa=viewArticle&articleID=299