The Casualty Actuarial Society is a professional organization whose purpose is the advancement of the body of knowledge of actuarial science applied to property, casualty, and similar risk exposures.
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Category Archives: Research
CAS Reserves Committee Inducts Three Papers into Inaugural Class of the Reserving Research Hall of Fame
To both honor and draw attention to certain important reserving-related papers and research, the CAS Reserves Committee has established the Reserving Research Hall of Fame (RRHOF). At the September 2016 Casualty Loss Reserve Seminar, RRHOF’s inaugural class was announced, and we are now seeking your input on future possible inductees. Our criteria for inclusion is … Read more
In the category of U.S. Cities, the answers are: Birthplace of writer F. Scott Fitzgerald, cartoonist Charles M. Schulz, and musician Prince. Headquarters of retailer Target, Inc. Location for WJM-TV and Mary Tyler Moore. Site of the 51st annual Actuarial Research Conference. For all of these, the appropriate game-show response would be: “What is Minneapolis-St. … Read more
Over the past several years, two CAS research committees have developed wikis that are open to CAS membership as well as the general public. They were created with the goal of providing content and learning materials to anyone who is interested. The CAS Open Source Software Committee (OSSC) wiki (http://opensourcesoftware.casact.org/) is the online resource for … Read more
The Staff Actuary’s Blog: CAS Research Need Not Involve Triple Integrals! (Not that there’s anything wrong with those…)
In this blog post, I hope to accomplish two things at once, both involving CAS research. First, I’m happy to share that we have added a page to the website for our peer-reviewed research journal, Variance, titled “Articles in Press.” Currently, because of copyediting and the lengthy publication process, we have a collection of accepted … Read more
Have you explored the latest feature of the CAS Online Community? It’s called the Idea Share, and its purpose is to generate fresh, new ideas for research projects! No submission is too big or too small, so if there’s a prospective project that’s been percolating in the back of your mind, we’d love to hear … Read more
At the CAS Centennial Celebration and Annual Meeting, Don Mango, Dave Clark, Jim Guszcza and I are presenting a session called “Reserving for the Next 100 Years: Thinking Outside the Triangle.” We’re going to talk about whether we’ve been innovative in reserving, and it’s quite debatable. On the one hand, the CAS has over 400 … Read more
The Summer 2014 – Volume 2 edition of the CAS E-Forum contains five reserves papers written in response to a call for papers issued by the CAS Committee on Reserves (CASCOR). “Combining Estimates,” by Tom Struppeck, provides a methodology for combining two or more estimates into a single estimate. In “The Analysis of ‘All-Prior’ Data,” … Read more
The Committee on Theory of Risk (COTOR) began the Risk Premium Project (RPP) in 2000 with RPP I, which represented an extensive, thorough, and up-to-date analysis of the theory and empirics of risk assessment for property-casualty insurance. Given the vast development in this field, the RPP II update extended the findings from RPP I with … Read more
Have you frequently used the Bornhuetter-Ferguson method to develop ultimate loss ratios? How strong would you say your dependence on the BF method was overall in selection of final ultimates for the current accident year? These are just two of the questions in a CAS membership survey designed by the Bornhuetter-Ferguson Initial Expected Loss Ratio … Read more
The purpose of the CAS’s Open-Source Software Committee is to make advanced open-source reserving, ratemaking, and predictive modeling procedures available, accessible and of practical value to a wider audience. The Committee will foster the development of tutorials, procedures, and educational resources, and is working with the CAS professional education committees to share the information with … Read more