This prize, established in 1997, is made to the author of a paper published by the American Risk and Insurance Association (ARIA) that provides the most valuable contribution to casualty actuarial science.
Papers eligible for the prize include articles, workshop articles, and invited papers published in the Journal of Risk and Insurance during the preceding year. Papers published in new ARIA journals may also be eligible for this award. If no paper is considered eligible in a given year, the award shall not be made.
Papers will be judged by a specially appointed committee of the Society, whose decision will be final.
The presentation of the award will be made annually at the August ARIA Meeting. The author of the prize winning paper will be invited to present the paper at a CAS meeting.
The amount of the ARIA Prize is currently $1,000.
David Cummins and Richard D. Phillips
"Estimating the Cost of Equity Capital for Property-Liability Insurers"