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Best Paper Award

To recognize ASHK members and Hong Kong actuarial students for their research on actuaries' issues and concerns, the Best Paper Award has become an annual event. To be considered for the Award, please note the following guidelines:

Call for Paper - Guidelines for Authors

Topics – the ASHK welcomes all papers on actuaries’ main practice areas: life and health insurance, pensions, employee benefits, property and casualty insurance, and finance and investments. Papers on new or developing areas of actuarial practice are appreciated. In addition, we will consider actuarial students’ research papers completed for their university courses.  All papers published in any actuarial journal during the current ASHK fiscal year (i.e. October 2007 – September 2008) are also eligible to be considered for the Award.

Layout Requirements – All papers submitted should be in English, typewritten on one-sided A4 paper, and no more than 30 pages in length. Use 12-point type Times New Roman font, and double spacing. The page limits include graphs, tables, appendices, endnotes and bibliographies. Authors intending to submit longer papers (i.e. exceeding 30 pages) are advised to consider splitting their contribution into two or more papers. The first page of each paper should start with the title, an abstract of less than one page (outlining the scope, objectives and conclusions of the paper). Notes to text should be endnotes rather than footnotes. Bibliographies should be arranged alphabetically at the end of the paper. References in the text are given by the author name(s) followed by the year of publication in parentheses. As papers are evaluated anonymously, author name(s) or acknowledgements should not be included in the text. Author(s) information (including name, professional affiliation, company name, position, address, telephone, fax, email) and acknowledgements (if applicable) should be provided on a separate sheet.

Submission Procedure
At the time of submission of the paper, the author must be either a current ASHK member or a current student in any full-time or part-time actuarial program offered by one of the universities in Hong Kong. Paper can be submitted to the ASHK Office by e-mail: info@actuaries.org.hk. By submitting a paper to the ASHK, the author certifies the paper is not copyrighted and has been given prior consent from the refereed journal to be considered for the ASHK award and posted on the ASHK website.

Assessment Process and Judging Criteria – A review committee will be formed from this year’s ASHK Council members (excluding Council members who submit papers for the year). Upon receipt of all papers, the ASHK will assign a reference number for each paper. Once submitted, the only identifier of each paper is the reference number. Papers will then be reviewed by the committee in accordance with judging criteria: understanding of actuarial issues, effectiveness of using actuarial theory, and value of research results to the profession. 

Award Recognition – Authors for the top 3 papers will be presented with awards (winner: cash of HK$10,000; 1st runner-up: book coupon of HK$1,000 and 2nd runner-up: book coupon of HK$500) at this year's Annual General Meeting and their papers will be posted on the ASHK website.  


Important Dates

Deadline for Submission of Papers: 14 November 2008
Award Presentation and Annual General Meeting: 15 December 2008


Winning Papers of Past Events


Year 2007

Order

Title

Winner

Pricing Variable Annuity Product in Hong Kong - A Starting Point for Practitoners  
by Mr. Ken Tang, HSBC Insurance

1st Runner-up

A New Business Model for Hong Kong's Health Care - 360 Degree Medi-Reform with You Carry On 
by Mr. Daniel Cheung, Mr. William Chung, Ms. Florence Ng and Ms. Sheryl Wong, CUHK

2nd Runner-up

Cost of Financial Options and Guarantees for an Interest Sensitive Annuity Product in Taiwan under a Market Consistent Framework
by Ms. Sing-Yee Yeoh, Watson Wyatt



Year 2006

Order

Title

Winner

Forcasting Volatility of Hang Seng Index and its Application on Reserving for Investment Guarantees
by Mr. Herbert Chan, OCI and Mr. Derrick Fung, OCI

Winner

Threshold Life Tables and their Applications
by Mr. Johnny Li, University of Waterloo

1st Runner-up

Lundberg-type Bonds for the Joint Distribution of Surplus immediately before and at Ruin under a Markov-modulated Risk Model
by Mr. Andrew Ng, Iowa University and Prof. Yang Hailiang, HKU


Year 2004

Order

Title

Winner

Reserving for Investment Guarantees in Hong Kong - A Stochastic Approach
by Ms. Yin-Ting Chan, HKU

1st Runner-up

Derivation of Dread Disease Incidence Rates for Hong Kong
by Ms. Janice Lu, Gen Re LifeHealth

2nd Runner-up

Whistle Blowing under the Appointed Actuaries System in Hong Kong
by Mr. Herbert Chan, OCI


Year 2003

Order

Title

Winner

Risk Management for Life Insurance Companies in Today’s Environment
by Mr. Eric Seah, Aviva Group

1st Runner-up

Mixture Gaussian Time Series Modelling of Long-Term Market Returns
by Dr. Albert Wong, CUHK and Dr. Wai-Sum Chan, HKU

2nd Runner-up

Deficits in the Policyholder’s Fund
by Mr. Phuong Chung, AIA Co Ltd

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