Non-Life Insurance

ASTIN, the Section for Actuarial Studies In Non-life insurance, was created in 1957 as the first Section of the IAA. ASTIN’s main objective is to promote actuarial research, particularly in non-life insurance. ASTIN is continually working to further develop the mathematical foundation of non-life insurance and reinsurance. In most years, ASTIN also organizes an international colloquium. These colloquia bring together both academics and practitioners, and provide an outstanding forum for the exchange of knowledge among actuaries of different countries and different disciplines in the application of research to practical problems. They also allow participants to keep up to date with the rapid changes occurring in the actuarial profession. Meetings usually include invited lectures, contributed papers, and panels discussing current issues. ASTIN colloquia usually take place in attractive and interesting venues, which add a friendly and collaborative atmosphere to the professional stimulation of working sessions through social and cultural activities.

Many member associations of the IAA credit individual participation at ASTIN colloquia towards their continuing professional development (CPD) requirements. In addition, ASTIN organizes seminars on non-life topics for people in countries with a developing actuarial profession. Excellent seminars have been offered in Moscow, St. Petersburg, Kuala Lumpur, Bucharest, Bangkok, and Beijing.As an added benefit, members receive a copy of the ASTIN Bulletin — The Journal of the IAA three times per year.

ASTIN has also established several Topic Teams, which members with particular interests may join to access libraries containing papers, presentations and links, and also find a forum for exchange of information. The
Topic Teams currently include:

  • Creating and using scenarios
  • Natural and other Catastrophes
  • Climate change
  • Risk measures for loss reserves
  • Political risk

To further the growth of the actuarial profession, ASTIN also offers financial support to young researchers from actuarially developing countries to attend ASTIN colloquia and the International Congress of Actuaries
(held every four years).

The Casualty Actuarial Society (CAS) established the Charles A. Hachemeister Prize in 1993 in recognition of his efforts to establish a closer relationship between the CAS and ASTIN. Papers eligible for this annual
prize are those appearing in the ASTIN Bulletin or presented at an ASTIN or AFIR/ERM colloquium or at an International Congress of Actuaries. Emphasis in selecting the prize paper will be placed on the paper’s impact for North American actuaries and practicality of application.

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