ASTIN Section
Hachemeister Prize
This prize was established in 1993 in recognition of Charles A. Hachemeister's many contributions to Actuarial Studies in Non-Life Insurance (ASTIN) and his efforts to establish a closer relationship between the Casualty Actuarial Society (CAS) and ASTIN.
Papers eligible for the prize include articles, workshop articles, and/or invited papers published in the ASTIN Bulletin, in addition to papers and Speakers' Corner papers presented at the ASTIN or AFIR/ERM Colloquium, in the calendar year prior to the prize award. Papers presented at an International Actuarial Association (IAA) Congress are also eligible for this award.
Papers will be judged by a specifically appointed committee of the CAS. Emphasis will be placed on the paper's impact for North American actuaries and practicality of application. The committee's decision will be final.
For further information about the Hachemeister Prize, visit the CAS Website.
2024 Winners:
Jonas Crevecoeur, Katrien Antonio, Stijn Desmedt and Alexandre Masquelein - Bridging the Gap Between Pricing and Reserving with an Occurrence and Development Model for Non-Life Insurance Claims
ASTIN Bulletin: The Journal of the IAA , Volume 53 , Issue 2 , May 2023 , pp. 185 - 212
Best Paper Prize Winners - Joint Section Colloquium (JoCo2024), Brussels
Zero-Inflated Tweedie Boosted Trees with CatBoost for Insurance Analytics
Authors: Emiliano Valdez and Banghee So
Prize presented by Norbert Haible, ASTIN Board Member
Past Prize Winners & Grants
| 2025 | Joint Section Colloquium (JoCo2025), São Paulo The Credibility Transformer, by Salvatore Scognamiglio, Ronald Richman & Mario Wüthrich (JOCO 2025 Presentation) |
| 2024 | Joint Section Colloquium (JoCo2024), Brussels Zero-Inflated Tweedie Boosted Trees with CatBoost for Insurance Analytics (Emiliano Valdez and Banghee So) Honorable Mention: Bivariate Poisson Credibility Model and Bonus-Malus Scale for Claim and Near-Claim Events (Pierre-Alexandre Simon, Julien Trufin, and Michel Denuit) |
| 2023 | International Congress of Actuaries (ICA2023), Sydney First Principles Working Party (Pietro Parodi and Derek Thrumble) |
| 2022 | ASTIN Online Colloquium, 2022 Anti-discrimination Insurance Pricing: Regulations, Fairness Criteria, and Models (Fei Huang, Xi Xin) |
| 2021 | ASTIN Online Colloquium, 2021: Three-Layer Problems and the Generalized Pareto Distribution (Michael Fackler) Peer-to-Peer Risk Sharing with an Application to Flood Risk Pooling (Runhuan Feng, Chongda Liu, Stephen Taylor) |
| 2020 | Actuarial Colloquium Paris, 2020This year 53 papers were submitted for award. The following paper received reward: “Joint model prediction and application to individual-level loss reserving” by Peng Shi The paper deals with microlevel loss reserving incorporating longitudinal payments of a claim into the intensity process of a claim settlement and identify scenarios where this model outperforms macrolvel reserving methods. |
| 2019 | No Award |
| 2018 | International Congress of Actuaries (ICA 2018), Berlin This year, 110 papers were initially submitted to the ASTIN Section for the presentation at the International Congress of Actuaries (ICA) in Berlin. Following the first round of selection by the ICA Organizing Committee, 17 papers were selected for the ICA in Berlin. The ASTIN Committee then chose the two best papers. These are:“ The impact of Insurance Premium Taxation” by Anna-Maria Hamm, Moritz Hildebrandt and Stefan Weber. “The transition towards semi-autonomous vehicle insurance: the contribution of Usage- Based data” by Montserrat Guillen and Ana M. Pérez-Marín. (Paper) Both articles focus on different and important practical problems in today’s insurance industry. The first paper deals with the taxation on insurance premium and its effect on the cost on insurance, its demand, fiscal revenues and profitability of insurers. The second paper studies the importance of telematics in driving positive policyholder behaviour that leads to better risk selection and control of moral hazard in motor insurance. They both deserve in fact a special mention and recognition for their contribution. |
| 2017 | ASTIN Colloquium 2017, Panama:“An approach to the individual claims reserving method” by Eugenio V. Rodriguez and Agnieszka I. Bergel. “Pricing cyber securities insurance using copulas” by Jacquelyn Rees-Ulmer, Rahul Parsa and Ramona Lee. |
Bursaries
ASTIN provides financial assistance to support actuarially emerging countries. One example of this activity is our ongoing Benin Project, which serves to support the development of actuarial education in Benin. Through this project, ASTIN is committed to provide financial resources required to run the newly created actuarial study program.
Each year, ASTIN also provides two types of financial assistance:
- ASTIN Working Party (AWP) Travel Grants for valuable contribution to AWP research work; and
- ASTIN Bursaries for researchers from developing economies.
You can download the ASTIN Guidelines for Awards, Bursaries and Grants here.
Benin Project
Since 2010, ASTIN has funded the actuarial study program at the Department of Actuarial Sciences and Financial Mathematics from Ecole Supérieure d’Actuariat ISM-Adonaï of Cotonou, Benin. This initiative is a joint effort of ASTIN together with the Seminar for Finance and Econometrics of the Ludwig-Maximilian-University (LMU) Munich Germany, the State University of Benin (UAC) and also the private Business School ISM-Adonaï in Benin. From July 2013 to December 2016, this initiative was also financed by the German government.
The program attracts actuarial students from all over the sub-region including Ivory Coast, Togo, Cameroun, Congo, Centrafrique, Senegal and, of course Benin.
The project suffered a setback in 2014 due to Ebola outbreak in West Africa.
ASTIN funding is used to pay travel and lodging expenses for teachers from Europe. It is expected that the need for teachers from abroad will reduce over time as one graduate student is currently finishing PhD in Johannesburg. This PhD student is most likely to return to Benin to give more advanced courses. In addition, there are other students from Johannesburg that may be able to teach in Benin. These local resources are growing in number and will reduce the need for European teachers and hence the need for ASTIN funding.
For some years the Benin project will continue benefit from ASTIN funding. In the future, part of the funding will also be used to support the junior teacher as well as the PhD student to lecture in Benin. In addition, some money will be used to develop tutorials.
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