Investment Section - Redington Prize Nominations
The Investment Section Council sought nominations for the 2019 Redington Prize recognizing the best paper written by an actuary on an investment-related topic during 2017-2018. The prize is sponsored by the Investment Section and is named after F. M. Redington, the eminent British Actuary who coined the term “immunization” in a 1952 paper that was published in the Journal of the Institute of Actuaries.
On behalf of the 2019 Redington Prize jury and the SOA Investment Section Council thank you to all of the authors who submitted papers for consideration for the 2019 Redington Prize. The jury considered 16 strong nominees and was quite impressed by the depth and breadth of the work submitted.
The winning paper is “Dynamic Longevity Hedging on the Presence of Population Basis Risk: A Feasibility Analysis From Technical and Economic Perspectives,” by Kenneth Q. Zhou and Johnny Siu-Hang Li.
In recognition of the nominated papers, and to call our members’ attention to the underlying research, the Investment Section intends to publish a special issue of our newsletter Risks and Rewards, devoted to the nominees.
Congratulations again to Kenneth Q. Zhou and Johnny Siu-Hang Li.
The criteria for selection and basic participation details were as follows:
Publication Years
The paper must have been published during the calendar years 2017 or 2018.
Author(s)
The author of the paper must be a member in good standing of the Society of Actuaries (SOA), Casualty Actuarial Society, American Academy of Actuaries, Conference of Consulting Actuaries, American Society of Pension Professionals and Actuaries, Canadian Institute of Actuaries, or Institute and Faculty of Actuaries, must be a legal resident of the U.S., Canada or the United Kingdom, and must be at least (18) years of age. Additional eligibility requirements (including requirements relating to papers with multiple authors) are set out in the Official Rules, available through the hyperlink below.
Content
The topic of the paper must be judged to be original, practical and be primarily of investment nature and of substantial value to SOA members and to other investment professionals.
Source and Language
The paper must be published in a peer-reviewed journal which can include but is not limited to North American Actuarial Journal, The Journal of Portfolio Management, Financial Analysts Journal, Journal of Finance, and Journal of Financial and Quantitative Analysis. The paper must also be drafted in English.
Judging
The selection criteria include intellectual rigor, practical significance, investment content, educational value, and originality. The Council reserves the right to choose not to award a prize.
Nomination
Papers must be submitted via e-mail to sections@soa.org or mailed to the SOA, ATTN: Investment Section, 475 N. Martingale Rd., Suite 600, Schaumburg, Illinois, 60173 USA.
Prize
One Grand Prize of USD $5,000 will be awarded to the winning paper's eligible author(s).
Additional Details
The submission period opens at 12:01 AM CST on January 28, 2019 and closes at 11:59 PM CDT on June 2, 2019. Void where prohibited. No purchase necessary. Other restrictions may apply. See Official Rulesfor eligibility, odds of winning, how to enter, and other details.