This award is made to the author(s) of the best paper(s) nominated for the prize as determined by the CAS Reinsurance Research Committee.
Papers will be judged by CORR on the basis of originality of ideas, understanding of complex concepts, contribution to reinsurance literature, thoroughness of ideas expressed, as well as whether the papers are understandable and practical. If no paper is considered worthy in a given year, the award shall not be made. The committee's decision will be final. Recipients need not be members of the CAS. The announcement of the award will normally be made at the CAS Seminar on Reinsurance. The amount of the Ferguson Reinsurance Prize is currently $2,000.
Recipients of the Ferguson Reinsurance Prize
2017
Best Paper
Joseph Boor
On-Leveling Unbiased Development for Individual Claims - Taming the Wild Burning Cost
Most Practical Paper
David Homer and Ming Li
Notes on Using Property Catastrophe Model Results
2016
No program held
2015
Winner
Sameer Nahal
Sharpe Ratio Optimization of an Excess of Loss Reinsurance Contract
Honorable Mentions
Lynne Bloom, FCAS, MAAA, and Marc Oberholtzer, FCAS, MAAA
The Actuary's Role in Transfer Pricing
Brian MacMahon, FCAS, CERA
Commutation Pricing – Cedent and Reinsurer Perspectives
2014
No program held
2013
David Morel
Pricing Catastrophe Excess of Loss Reinsurance Using Market Curves
2012
No program held
2011
David L. Homer and Richard A. Rosengarten
A Method for Efficient Simulation of the Collective Risk Model
2010
No program held
2009
Neil M. Bodoff and Yunbo Gan
“An Analysis of the Market Price of Cat Bonds”
2008
No Program Held
2007
No Program Held
2006
No Program Held
2005
Ira Robbin and Jesse DeCouto
“Coherent Capital for Treaty ROE Calculations”
2004
Gary G. Venter
“Quantifying Correlated Reinsurance Exposures with Copulas”
Shaun Wang
“Cat Bond Pricing Using Probability Transforms”
2003
Donald F. Mango
“Capital Consumption: An Alternative Methodology for Pricing Reinsurance”
2002
No Program Held
2001
Daniel D. Heyer
"Stochastic Dominance: A Tool for Evaluating Reinsurance Alternatives"
Rade T. Musulin and John W. Rollins
"Optimizing a Multi-Season Catastrophe Reinsurance Program With Private and Public Components"
2000
No Program Held
1999
Robert P. Butsic
"Capital Allocation for Property-Liability Insurers: A Catastrophe Reinsurance Application"
John M. Kulik
"A Practical Application of Modern Portfolio Theory to Capital Allocation"
1998
No Program Held
1997
Donald F. Mango
"An Application of Game Theory: Property Catastrophe Risk Load"
Gary Blumsohn
"Levels of Determinism in Workers Compensation Reinsurance Commutations"
Emily Canelo and Bryan C. Ware
"Evaluating Variations in Contract Terms for Casualty Clash Reinsurance Treaties"
