Wednesday, December 7, 2011
Actuarial Science, Risk Management, and Insurance
Actuarial Science, Risk Management, and Insurance professor Edward W. (Jed) Frees has won the 2011 David Garrick Halmstad Prize. Established in 1978, the Halmstad Prize is awarded annually for the best paper published in a major English-language actuarial journal in memory of its namesake, an associate of the Society of Actuaries. The prize is sponsored by the Actuarial Foundation, the Society of Actuaries, and the Casualty Actuarial Society. It is one of the major international research prizes in actuarial sciences.
Frees co-authored the award-winning article about hierarchical insurance claim modeling of detailed, microlevel automobile insurance records with Emiliano Valdez, a professor of actuarial science at the University of Connecticut. It appeared in the Journal of the American Statistical Association.
With a total of four wins (1992, 1998, 1999, and 2011), Frees has been honored with the Halmstad more times than any other researcher.