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CAS Announces 2024 Individual Grant Recipients

Individual Grant Winners

The Casualty Actuarial Society (CAS) is pleased to announce its individual grant research recipients for 2024. They include:

  • “Applications of Graph Theory in Territorial Ratemaking” by Marco De Virgilis and Daniel Lupton
  • “Development of Telematics Risk Scores in Accordance with Regulatory Compliance” by Himchan Jeong and Bin Zou
  • “Entity-Specific Cyber Risk Assessment Using Insurtech-Empowered Risk Factors and State-of-the-Art Machine Learning Algorithms” by Linfeng Zhang and Zhiyu Quan
  • “Evaluating Model Risk in Property and Casualty Insurance” by Yang Lu and Hanieh Amjadian
  • “Integrated Frequency and Severity Modeling for Extreme Losses” by Zhiwei Tong and Haibo Liu
  • “Interpretable and Fair Insurance Risk Pricing Using Causal Models” by Fei Huang and Joshua Loftus
  • “A New Approach to Detecting Insurance Fraud” by Liang Hong
  • “Unveiling Nuances in Categorical Variables to Enhance Information Integration in Actuarial Applications” by Kun Shi

Grant proposals are submitted through the Individual Grants Competition, jointly sponsored by the Casualty Actuarial Society and the Society of Actuaries’ Committee on Knowledge Extension Research. Projects may be theoretical or empirical in nature, with the key criterion that they should contribute significantly to the advancement of knowledge in actuarial science. The eight CAS-funded projects were selected by the Research Grants Task Force, chaired by Don Closter, ACAS, from among nearly 50 proposals.

"This year's grant projects reflect topics that are at the forefront of our members' interest as shown through the latest Quinquennial survey, including machine learning and cybersecurity,” said CAS Vice President-Research and Development, Morgan Bugbee, FCAS. “Investing in these projects supports CAS members in developing new skills, learning new techniques and, ultimately, enhancing their professional capabilities.”

An announcement for submitting proposals for the 2025 Individual Research Grants program will be announced this fall.