IDMA and CAS
2012 Data Management,
Quality,
and Technology Call for Papers
The Casualty Actuarial Society (CAS), in conjunction
with the Insurance
Data Management Association (IDMA), is
extending a call for papers on Data Management,
Data Quality, and Data Technology topics. The
purpose of this program is to develop a source
of literature on data topics important to casualty
actuaries. Authors of accepted papers may be
invited to present their work at the 2012 Ratemaking
and Product Management Seminar. In addition,
the papers will be published in the CAS
Forum and will be available on the CAS
Web Site prior to the Seminar. A prize fund
of $2,500 is available for outstanding
papers submitted in response to this call (with
not more than $1,500 awarded to one paper).
CAS members, IDMA members, and non-members
are invited to submit proposals.
Data management and data quality topics of
interest to casualty actuaries include, but
are not limited to,
- Using and developing information as one
of the casualty actuary's principal activities.
Data is the foundation from which this information
is developed. The casualty actuary must have
well developed and managed data resources
and must be assured that these data resources
are of sufficient quality. In advancing the
profession's increasing role in non-traditional
areas of practice, such as data mining, predictive
modeling and enterprise risk analysis, gathering
new forms of information from external data
sources has increased in importance.
- Technological advances that require improving
data manipulation and its application to
insurance marketing, insurance operations,
and actuarial analyses. Examples of these
technological advances include credit score
analysis, multivariate modeling, economic
capital modeling, catastrophe modeling, and
new business intelligence models. Such advances
provide casualty actuaries with an ever-evolving
scope to their analyses and application of
their skills to new business issues. As the
technology advances, so too must the collection
and manipulation of the associated data.
Also, technology is enabling insurers to
recognize and price new exposures to loss,
such as the losses arising in managed care
errors and omissions, and e-commerce risks.
As new and evolving loss exposures emerge,
casualty actuaries must define appropriate
models and collect additional data elements
for use in analyzing the costs and trends
of these exposures.
- The casualty actuary's work that involves
quantifying risk that changes systematically
due to structural changes in the insurance
environment. Examples include law changes
such as tort reform, operational changes,
and social changes such as changes in claim
litigiousness. To account for such structural
changes, the casualty actuary must often
adjust historical data.
This is the ninth call for papers from the
Committee on Management Data and Information
concerning data issues. The first eight calls
produced notable papers on geographic information
technologies, integration of data technologies
to actuarial processes, statistical plans,
data for enterprise risk management, Y2K, data
management, data quality, neural networks,
zip code data, data for credit scoring, emerging
data technologies, and intellectual property
issues.
Suggested Topics
The Committee welcomes all papers on Data Management/Data
Quality/Data Technology topics. Several suggested
areas include, but are not limited to, the
following:
- Data administration including warehousing
and design
- Data quality
- Business Intelligence/Data Mining
- Data collection and reporting
- Data intensive techniques such as predictive
modeling, cat modeling, and enterprise risk
modeling
- Sources and uses of external data
- Data for newly discovered/unique exposures
- Other special topics
Call Paper Timetable
Timely submission of the discussion papers
is critical to the success of the call. The
procedures and timetable enumerated below
will apply.
- Deadline for Proposals
By February 18th, 2011, authors should submit
proposals including the title, a short
description of the topic(s) to be addressed,
and the approach that will be taken. Proposals,
along with authors’ contact information,
should be submitted electronically via
e-mail to the Casualty Actuarial Society
at cwidowski@casact.org,
Attn: Rudy Palenik, FCAS, MAAA, Call Paper
Chairperson.
- Acceptance of Proposals
By March 18th, 2011, the Committee will make
a decision on all proposals. The number
of accepted proposals might be limited,
with preference given to papers that specifically
address items listed above. The Committee
will contact authors regarding their proposals.
- Monitoring Progress
A Committee member will be assigned to work
with each author to monitor the paper's
progress and provide general guidance in
completing the paper. Interim drafts, based
on a schedule proposed by the author, may
be requested.
- By August 19th, 2011, a first draft of
the completed paper will be submitted to
the assigned Committee member for review
and comments.
- By September 16th, 2011, all comments on
the first draft will have been forwarded
to the author.
- Completion Date
By October 21st, 2011, the Committee on Management
Data and Information must receive the completed
paper and a 200-word abstract for their
review. Each paper will be screened by
the Committee to assure its quality of
exposition and relevance to the call.
- Approving the Completed Paper
By November 4th, 2011, all authors will have
been notified as to the results of this
screening process. Accepted papers will
be published in the CAS Forum and will
be available on the CAS Web Site prior
to the 2012 Ratemaking and Product Management
Seminar. Authors may be invited to present
their papers at the 2012 Ratemaking and
Product Management Seminar. These
authors will be contacted in advance of
the meeting regarding their presentations.
- Prize Competition
All papers submitted and accepted in response
to the call and meeting the minimum standards
established by the Committee will be included
in the prize competition. A prize fund
of $2,500 is available for papers
submitted in response to the call. An independent
review committee will judge the papers
anonymously and make recommendations for
prizes. If awarded, prizes will be presented
to the author(s) at the 2012 Ratemaking
and Product Management Seminar.
The criteria
for evaluation will reflect:
- Originality of ideas;
- Clarity of presentation;
- Contribution to the literature; and,
- Thoroughness of ideas expressed.
- Submission Guidelines
Papers must be no more than 10,000 words
and should be prepared in accordance with
the Research
Paper Template, and the procedures
in the Guide
for Submission to CAS Forum on the
CAS Web Site. Key words in the abstract
should be based on the CAS
Research Taxonomy, also on the
CAS Web Site. Additional guidance
for the preparation of technical papers
for publication is provided in the Guides
for the Submission of Papers in the
2007 CAS Yearbook (pages 121-126) and on
the CAS Web Site. Authors will be
required to execute a "Permission
to Publish" form, which formally grants
the CAS permission to publish the paper. Authors
are encouraged to submit working templates
in spreadsheet form for models or methods
discussed or developed in their papers
and/or PowerPoint presentations incorporating
the details of the paper's calculations.
The spreadsheets and presentations will
be posted on the CAS Web Site along with
the paper.
It is hoped that the authors will also submit
their papers for publication in Variance:
Advancing the Science of Risk, the
CAS's prestigious new refereed journal, in
accordance with the procedures in the Yearbook.
However, acceptance of a discussion paper for
this call does not guarantee its acceptance
for publication in this journal.
The Committee on Management Data and Information
looks forward to receiving proposals in response
to the call, and is happy to respond to inquiries
from interested parties. Questions may be addressed
to the Committee on Management Data and Information
via e-mail to cwidowski@casact.org.
Your participation in this effort to produce
new papers will contribute to the written body
of knowledge for the CAS and to the success
of the 2012 Data Management/Data Quality/Data
Technology Call Paper Program.
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