James C. H. Anderson Memorial Prize

The James C. H. Anderson Memorial Prize embraces the concept of rewarding, on an international basis, achievements by individuals in fields related to financial and actuarial matters, especially those of an innovative visionary and iconoclastic nature.

Funds will be used to:

Commission papers or other work in actuarial or related fields identified by the Research Committee as needing study;
Provide rewards for the best papers submitted to the Research Committee in response to Calls for Papers on designated topics; and
Provide awards for excellence of papers or for other achievements relating to financial or actuarial matters.

James C. H. Anderson Memorial Prize Honorees

Living to 100 Symposium, 2011

$25,000 contribution

2011 Living to 100 Monograph

Stochastic Modeling — Theory and Reality from an Actuarial Perspective, 2010

$20,000 contribution
The Foundation, along with five other actuarial organizations, supported the development of this publication.

Stochastic Modeling — Theory and Reality from an Actuarial Perspective A guide for practitioners interested in understanding this important emerging field, Stochastic Modeling —Theory and Reality from an Actuarial Perspective presents the mathematical and statistical framework necessary to develop stochastic models in any setting (insurance or otherwise). Sufficient mathematical detail is presented but no advanced background in mathematics or statistics is required.

This publication features case studies of life and non-life insurance companies, covering a range of topics relevant to capital and surplus modeling of life and non-life insurance companies, including Economic Capital calculations, stochastic reserve and capital calculations, embedded value analyses, and stochastic product pricing and risk management. Taken together, these case studies cover most of the widely-used insurance applications of stochastic modeling to date and provide an illustrative framework from which future applications can be developed.

For more information, or to order a copy, visit www.actuaries.org.

Bowles Symposium, 2007

$10,000 contribution

Living to 100 Symposium, 2007

$20,000 contribution

University of Manitoba Bursaries, 2005

$100,000 Contribution

The Actuarial Foundation made a contribution to The Actuarial Foundation of Canada to provide bursary support to actuarial students in the I.H. Asper School of Business and Faculty of Science at the University of Manitoba. Three bursaries are offered annually to undergraduate students who are enrolled full-time in their second year of a four-year undergraduate program at the University of Manitoba, leading to either, (a) a Bachelor of Commerce (Honours) with a declared major in Actuarial Mathematics through the I.H. Asper School of Business, or (b) a Bachelor of Science (Honours) in Actuarial Mathematics (single or joint Honours program), through the Faculty of Science; have achieved a minimum cumulative grade point average of 3.0; and have demonstrated financial need on the standard University of Manitoba bursary application form. For more information visit:

http://www.umanitoba.ca/actuarial/student/awards_and_scholarships.html

Outstanding Papers at International Congress of Actuaries, 2002

$20,000 contribution
A first prize and two second prizes were awarded for outstanding papers prepared for the 27th International Congress of Actuaries, Cancun, Mexico.

The First Prize of $10,000 was awarded to Victor Manuel Jimenez Escobar (Mexico) for his paper "Testing the Stability of the Components Explaining Changes of the Yield Curve in Mexico: A Principal Component Analysis Approach."

Second prizes of $5,000 each were presented to Andrew Wise, Andrew Barnes and Andrew Reid (United Kingdom) for their paper "Risk Sharing in Employer Pension Provision" and to Javier Gutierrez Garcia and Jesus Alan Elizondo Flores (Mexico) for their paper "Credit Risk: The Actuarial Value."

Fellowship Award, 2000-2002

$24,000 contribution
Edoh Afambo, a Ph.D. candidate in the Department of Risk Management and Insurance at Georgia State University, was awarded Anderson Memorial Prize for the 2000-01 and 2001-02 academic years. Each $12,000 prize is in recognition of Mr. Afambo's past achievements and future ambitions. Edoh graduated from Georgia State University in 2006, with the support of two awards from the Anderson Fund. Edoh worked in Atlanta for a year before returning to his home in Toga, West Africa. Since 2007 has has developed a very successful actuarial consulting firm with clients throughout West Africa.

Outstanding Contribution to the Actuarial Profession, 1999

$10,000 contribution
Hans Buhlmann was awarded the Anderson Memorial Prize for outstanding contribution to the actuarial profession during the last 50 years. The prize, a one-time $10,000 scholarship, has been awarded in Buhlmann's name to his alma mater, University of Zurich. The institution will select the scholarship recipient subject to guidelines on the nature and scope of studies to be funded. The award was presented at the Society of Actuaries 50th Anniversary Celebration and Annual Meeting.

About James C. H. Anderson

James C. H. Anderson In coordination with friends and former associates of the late James Charles Henry Anderson, the Research Committee of The Actuarial Foundation signed an agreement in late 1995 to establish a memorial fund for awards and grants for achievements reflecting innovative, and even iconoclastic, ideas by individuals that reflect the values and leadership that were associated with Mr. Anderson during his lifetime.