News

The Casualty Actuarial Society yesterday announced the winners of the first-ever CAS Hacktuary Challenge, a contest designed to showcase the actuarial skill set in developing novel risk engineering solutions. Entrants were challenged to create an end-user application that would be actuarially grounded but address a risk management problem of relevance to a typical consumer. The challenge also required that all code for the application be made publicly available on the CAS’s GitHub site.

A new Casualty Actuarial Society (CAS) Research Paper provides the first detailed road map for understanding and quantifying the impact of wildfire mitigation on homeowners insurance premiums. Catastrophe Models for Wildfire Mitigation: Quantifying Credits and Benefits to Homeowners and Communities explores the need for catastrophe models to perform the quantification of mitigation efforts, outlines actuarial considerations and approaches for developing wildfire mitigation premium credits, and describes challenges in obtaining data and implementing mitigation premium credits.

The Casualty Actuarial Society (CAS) and the CAS Reinsurance Research Working Group are pleased to extend a call for papers. The goal of this program is to facilitate the publication of clear, practical, accessible papers on reinsurance topics.

Two new papers have been published on the Variance website.