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Peter Clark Prize

This prize is awarded for an outstanding paper presented or published for an actuarial audience.

Initially established in 1891, this prize was originally awarded for the best essay and later became the Prize for Best Paper. It was re-named the Peter Clark Prize in 2007 in memory of the former President of the Institute of Actuaries, who passed away suddenly whilst serving as the Immediate Past President.

Year

Peter Clark Prize winners

Authors
2023 Analysis of option-like fund performance fees in asset management via Monte Carlo actuarial distortion pricing Gareth W. Peters, Mantana Chudtong and Andrea De Gaetano
     
2022 Asset–liability modelling in the quantum era Tim Berry and James Sharpe
     
2021 Modelling seasonal mortality with individual data Stephen J. Richards, Stefan J. Ramonat, Gregory T. Vesper and Tortsen Kleinow
     
2020 Reverse Sensitivity Testing: what does it take to break the model? Silvana M. Pesenti, Pietro Millossovich and Andreas Tsanakas
     
2019 No winner n/a
     
2018 High Age Mortality Working Party: Working Paper 100: A Second Report on High Age Mortality Steve Bale (chair), Carl Campbell, Mark Cooper, Andrew Gaches, Adrian Gallop, Andy Harding, Richard Lamb and Anny Sun
     
2017 Ersatz model tests Stuart Jarvis, James Sharpe and Andrew D Smith
     
2016 No winner n/a
     
2015 Model risk: daring to open up the black box Nirav Morjaria (Chair) and members of the Model Risk Working Party
     
2014 Difficult risks and capital models Ralph Frankland (Chair) and members of the Extreme Events Working Party
     
2013 Market-consistent valuation of a defined benefit pension fund's employer covenant and its use in risk-based capital assessment Craig Turnbull
     
2012 A review of the use of complex systems applied to risk appetite and emerging risks in ERM practice N Cantle, N Allen, P Godfrey, Y Yin
     
2011 Developing a framework for the use of discount rates in actuarial work C A Cowling, R Frankland, R T G Hails, M H D Kemp, R L Loseby, J B Orr and A D Smith
     
2010 Measurement and modelling of dependencies in economic capital R A Shaw, A D Smith and G S Spivak
     
2009 Disease management programmes for major depression: making the financial case J Buckle
     
2009 Modelling extreme market events R Frankland, A D Smith, T Wilkins, E Varnell, A Holtham, E Biffis, S Eshun and D Dullaway
     
2008 Risk assessment techniques for split capital investment trusts Andrew Adams and James Clunie
     

Year

Commended papers

Authors
2023 Calibration of transition risk for corporate bonds James Sharpe, Florin Ginghina, Gaurang Mehta and Andrew D. Smith
     
2021 Insurance ratemaking using the Exponential-Lognormal
regression model		 George Tzougas, Woo Hee Yik and Muhammad Waqar Mustaqeem
     
2019 AI in actuarial sciences Ronald Richman
     
2017 Mortality rates and improvement over time at advanced ages in South Africa - insights from the national-level data. (Presented at Actuarial Society of South Africa Convention, November 2016) Ronald Richman and Rob Dorrington
     
2012 Transforming consumer information A Ritchie, J Corrigan, S Graham, A Hague, A Higham, J Holt, P Mowbray and H Robinson
     
2011 ERM for health insurance from an actuarial perspective G C Orros and J Smith
     
2011 Insurance accounting: a new era? K Foroughi, C R Barnard, R W Bennett, D K Clay, E L Conway, S R Coldfield, A J Coughlan, J S Harrison, G J Hibbert, I V Kendrix, M Lanari-Boisclair, C D O'Brien and J S K Straker
     
2010 Developments in the management of annuity business P G Telford, B A Browne, E J Collinge, P Fulcher, B E Johnston, W Little, J L C Lu, J M Nurse, D W Smith and F Zhang
     
2010 Does your hedge fund do what it says on the tin? Hedging strategies for insurers; effectiveness in recent conditions and regulatory treatment S Eason, W Diffey, R Evans, P Fulcher and T Wilkins
     
2009 Actuarial aspects of internal models for Solvency II K A Morgan, D Brooks, R J Care, M B Chaplin, A M Kaufman, D N Roberts, J M E Skinner, D J K Huntington-Thresher, P J Tuley an D L Wong
     
2008 Credit derivatives Martin Muir, Andrew Chase, Paul Coleman, Paul Cooper, Gary Finkelstein, Paul Fulcher, Chris Harvey, Richard Pereira, Albert Shamash and Tim Wilkins.
     
2008 Modelling and managing risk Paul Sweeting