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Brian Hey Prize

The Brian Hey prize was established in 1998. Brian Hey was a senior and respected actuary who worked in general insurance.

In his memory, his family and employer donated funds to further actuarial research and the IFoA has used this to establish a research-based prize in his memory. The Brian Hey Prize is usually awarded for the best paper submitted to each year’s GIRO Conference.

 

Recent Brian Hey prize winners Author(s) Year
The Actuary and IBNR Techniques: A Machine Learning Approach Ronald Richman and Caesar Balona 2020
No winner n/a 2019
Self-assembling insurance claim models using regularized regression and machine learning

Gráinne McGuire, Hugh Miller and Greg Taylor

2018
No winner n/a 2017
Analyzing the Disconnect Between the Reinsurance Submission and Global Underwriter's Needs CAS International Pricing Research Working Party - Chair: John Buchanan 2016
Application of the Solvency II actuarial function to general insurance firms The Actuarial Function Working Party 2015
Bias, guess and expert judgement in actuarial work The Getting Better Judgement Working Party 2015
Towards the Optimal Reserving Process Neil Bruce (Chair) and members of the Towards the Optimal Reserving Process Working Party 2014
Solvency II Technical Provisions for General Insurers Susan Dreksler (Chair) and members of the Solvency II Technical Provisions Working Party 2013

Triangle-Free Reserving 

Pietro Parodi 2012

Extending the Mack bootstrap

Joseph Lo 2011

Crop Micro Insurance

Agrotosh Mookerjee (chair) and members of the Working Party 

2010

Winner's curse 

Mark Rothwell (chair) and members of Working Party 

2009

Integrating pricing and capital modelling

J B Crozet (chair) and members of Working Party 

2008

Reinsurance counterparty credit risks

Mark Flower (chair) and members of Working Party 

2007

Catastrophe modelling

Graham Fulcher (chair) and members of Working Party 

2006

Periodical payments and the Courts Act

Anthony Williams (chair) and members of Working Party 

2005

UK asbestos - the definitive guide

Julian Lowe (chair) and members of Working Party 

2004

The cycle survival kit. An investigation into the reserving cycle and other issues

Nick Line (chair) and members of Working Party 

2003

Pricing excess of loss treaty with loss sensitive features: an exposure rating approach

Ana J Mata, Brian Fannin and Mark A Verheyen 

2002
No winner n/a 2001
Underwriting cycles and business strategies Sholom Feldblum 2000
No winner n/a 1999
Financial pricing of insurance in the multiple line insurance company J David Cummins, Franklin Allen and Richard D Phillips 1998

Contact Details

For more information please contact

research@actuaries.org.uk

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Start date
E.g., 04/12/2021
End date
E.g., 04/12/2021

Events calendar

  • The Growth Mindset for Actuaries

    13 October 2021 - 8 December 2021

    Fully booked.

    This practical course is aimed at actuaries at any stage of their career who want to develop their own growth mindset and apply it to their work setting and personal or professional lifelong learning. The content of the course builds on the lecture given by Dr Helen Wright on Growth Mindset as part of the President’s 2021 Lecture series, and will be delivered over a period of 2 months, from mid-October to early December.

  • Spaces available

    Actuaries need to take action now - but how?  With a focus on climate change, this session will provide informed insight to enable you to improve your knowledge and understanding of the issues involved, demonstrate how it will impact advice to your clients, and highlight prospective opportunities for actuaries within pensions and wider fields.

  • Spaces available

    A joint webinar from the CMI Mortality Projections and SAPS committees that will cover: recent mortality experience in the SAPS dataset and the general population; the CMI Model benchmarking survey; the MPC 2021 interim update paper; plans for CMI_2021; and initial thoughts on possible "S4" Series pensioner mortality tables.

    The webinar will be presented by Cobus Daneel (Chair of Mortality Projections Committee) and Matthew Fletcher (Chair of SAPS Committee).

  • Spaces available

    Pension scams have become more prevalent as a result of the pandemic, and Trustees have increased responsibilities to protect members, which means that actuaries need to be in a position to provide advice in this area. Our specialist panel will include a professional trustee, an IFA and head administrator, two of whom are members of PASA.

  • Spaces available

    The Covid-19 pandemic creates a challenge for actuaries analysing experience data that includes mortality shocks.  To address this we present a methodology for modelling portfolio mortality data that offers local flexibility in the time dimension.  The approach permits the identification of seasonal variation, mortality shocks, and late-reported deaths.  The methodology also allows actuaries to measure portfolio-specific mortality improvements.  Results are given for a mature annuity portfolio in the UK

  • Spaces available

    In this webinar, the authors of the 2021 Brian Hey prize winning paper present a new deep learning model called the LocalGLMnet. While deep learning models lead to very competitive regression models, often outperforming classical statistical models such as generalized linear models, the disadvantage is that deep learning solutions are difficult to interpret and explain, and variable selection is not easily possible.

  • Spaces available

    The dominant underwriting approach is a mix between rule-based engines and traditional underwriting. Applications are first assessed by automated rule-based engines which typically are capable of processing only simple applications. The remaining applications are reviewed by underwriters or referred to the reinsurers. This research aims to construct predictive machine learning models for complicated applications that cannot be processed by rule-based engines.

  • Spaces available

    With the Pension Schemes Act 2021 requiring a long term strategy from Trustees and sponsors, choosing a pensions endgame strategy has become even more critical. However, it is important that the endgame options available are adequately assessed before choosing one. With an ever-increasing array of creative and innovative options available, this decision may not be straightforward.