On the 6th November, at it’s annual Chairman’s dinner held in Trinity House, London, SCOR presented their 2014 Actuarial Prizes. The event also included a talk, facilitated by journalist Sarah Montague, on the topic of the Scottish Referendum by Alistair Darling (Leader of the Better Together campaign) which was followed by involved and lively discussion from the floor. The prizes were awarded by Tim Birse, representing the judging panel, for the best dissertations submitted by students studying for Masters degrees in actuarial or related subjects. The winner of the Life prize was Luiz Bueno from the Cass Business School of City University, London, for his dissertation entitled: “Brazilian Long Term Care Plan: an evaluation based on the Singaporean model”. The Non-Life award was presented to Xinrong Li, also of CASS and now working with Guy Carpenter, for her paper: “Catastrophe Model Suitability”.
Each year SCOR rewards the best academic papers in the field of actuarial science with prizes. These prizes are designed to promote actuarial science, to develop and encourage research in this field and to contribute to the improvement of risk knowledge and management. Today, the SCOR prize is recognized in the insurance and reinsurance industries as a measure of competence. The number of applicants this year remained very high in all the participating countries. The 2015 award will be presented in November 2015.
The juries are composed of academics and insurance, reinsurance and financial professionals. The winning papers are selected using criteria including an excellent command of actuarial concepts, high-quality analysis instruments, and subjects that could have a practical application in the world of risk management.
The jury is comprised of both academics and actuarial professionals from the insurance and reinsurance field.
Mr Denis Kessler, Chairman & CEO of SCOR Group is the honorary chairman.
The jury in 2014 was comprised of the following members:
• Mr Christopher Daykin, former UK Government Actuary, Chairman of the Jury
• Mr Stavros Christofides, Honory Senior Visiting Fellow at CASS Business School
• Mr Tim Birse, Chairman Institue and Faculty of Actuaries Board of Examiners
• Mr Peter England, Director, Towers Watson
• Mr Damien Pujade-Lauraine, Head of Actuarial Reserving – SCOR Global P&C UK/Ireland
• Mr Doug Lacoss, Chief Reserving Actuary – SCOR Global P&C UK/Ireland
• Mr Jamie Leitch, Head of Strategic Initiatives, SCOR Global Life UK/Ireland
How to participate - 2015 edition
In order to emphasize the importance of actuarial research and to support education in actuarial science, SCOR UK is organizing an annual Actuarial Competition. Submission of a paper shall constitute acceptance by the author of the following rules.
The format for submission is :
• Two copies of the paper must be submitted in a Microsoft Word format. Papers should be submitted in English.
• A 3 to 5 page summary of the paper should be attached describing the subject matter, the conclusions, together with a bibliography.
• Nowhere on the paper should the name or identity of the applicant be present. The applicant's name, address, university, degree and telephone number along with the title of the paper should be included on a separate covering letter.
• Any entrant whose paper is selected for publication may be required to resubmit the paper or elements of it (eg graphs, illustrations) in a different format as determined by SCOR.
All papers should be sent to:
SCOR SE – UK Branch
10 Lime Street
Marked PRIVATE & CONFIDENTIAL
All papers must be submitted by 31 July 2015.
All papers will be judged and two prizes will be announced. One for Life and one for P&C.
- LIFE PRIZE: £3,000
- P&C PRIZE: £3,000