This award is made to the author of the best paper submitted in response to a call for ratemaking discussion papers whenever the program is conducted by the Ratemaking Committee of the Casualty Actuarial Society. Papers are judged by a specially appointed review committee on the basis of originality of ideas, understandability of complex concepts, contribution to the ratemaking literature, thoroughness of ideas expressed, and timeliness and relevance of research. If no paper is considered eligible in a given year, the award shall not be made. The committee's decision will be final. Recipients need not be members of the Casualty Actuarial Society. The announcement of the award will be made at the Ratemaking Seminar at which the papers are discussed.
The amount of the Ratemaking Prize is determined annually.
Recipients of the Ratemaking Prize
2023
Peng Shi and Kun Shi, Best Paper
"Nonlife Insurance Risk Classification Using Categorical Embedding
Jorge Yslas Altamirano,Asrar Alyafie, and Corina Constantinescu, Best Paper
"An Analysis of the Current Saudi Arabian No-Claim Discount System and Its Adaptability For Novice Women Drivers
2017
Uri Korn, Best Paper
An Alternative Approach to Credibility for Large Account and Excess of Loss Treaty Pricing
2016
No award
2015
No award
2014
No Award
2013
Greg McNulty, Best Paper
Extending the Asset Share Model: Recognizing the Value of Options in P&C Insurance Rates
Marquis Moehring, Most Practical Paper
PEBELS: Property Exposure Based Excess Loss Smoothing
2012
No Award
2011
Fred Klinker
“Generalized Linear Mixed Models for Ratemaking: A Means of Introducing Credibility into a Generalized Linear Model Setting”
2010
No program held
2009
No Award
2008
No program held
2007
No Award
2006
No Program Held
2005
No Award
2004
No Award
2003
Donald F. Mango
"Capital Consumption: An Alternative Methodology for Pricing Reinsurance"
2002
Donald F. Mango and James C. Sandor
"Dependence Models and the Portfolio Effect"
2001
No Award
2000
James E. Monaghan
"The Impact of Personal Credit History on Loss Performance in Personal Lines"
1999
Keith D. Holler, David Sommer, and Geoff Trahair
"Something Old, Something New in Classification Ratemaking With a Novel Use of GLMs for Credit Insurance"
1998
Tim McCarthy
"A Frequency Based Model for Excess Wind in Property Ratemaking"
1997
Shaun Wang
"Implementation of PH-Transforms in Ratemaking"
1996
George Burger, Beth E. Fitzgerald, Jonathan White, and Patrick B. Woods
"Incorporating a Hurricane Model into Property Ratemaking"
1995
No Program Held
1994
John Rollins and Monty J. Washburn
"A Quantification of Snader's Deductible Safety Factor"
1993
Herbert I. Weisberg and Richard A. Derrig
"Pricing Auto No-Fault and Bodily Injury Liability Coverages Using Micro-Data and Statistical Models"
