Prize Winners Announced at the 2012 Casualty Loss Reserve Seminar

 

October 9, 2012

The 2012 Recipients of the Ronald Bornhuetter Loss Reserve Prize, were also announced at the CLRS. This award commemorates the work of Ronald Bornhuetter, FCAS (1957). The award was renamed in November 2006 from the Reserves Prize. The award is made to the author(s) of the best paper submitted in response to a call for papers regarding reserves, whenever the program is conducted by the Committee on Reserves of the Casualty Actuarial Society. The announcement of the award is made at the Casualty Loss Reserve Seminar at which the papers are presented.

 

The 2012 grand prize winners are Jessica (Weng Kah) Leong, Shaun Wang, and Han Chen for their paper Back-Testing the ODP Bootstrap of the Padi Chain-Ladder Model with Actual Historical Claims Data. The authors received prize money and a plaque at the 2012 Casualty Loss Reserve Seminar.  more

 

The Full version of paper is available here: Back-Testing the ODP Bootstrap of the Paid Chain-Ladder Model with Actual Historical Claims Data

 

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