SCOR UK actuarial prize awarded for MSc dissertation
For the fifth consecutive year prize goes to a Cass MSc student
For the fifth year running the SCOR UK actuarial prize has been awarded to a Cass MSc student. This year Gaurang Mehta, MSc in Actuarial Management, was recognised by the major global reinsurer for his dissertationSolvency II - Is it a panacea?
Solvency II is currently the most discussed topic in the insurance sector. It refers to the revision of the capital requirements and risk management standards due to be implemented in a few years time. The revision of these standards will affect insurance companies across the EU.
Dr Jaap Spreeuw, who supervised Gaurang's dissertation, said, "Gaurang gave a clear review of some complex issues relating to Solvency II. He prepared a detailed questionnaire covering these issues which he submitted to many Solvency II experts, such as qualified actuaries and risk managers. It was this kind of initiative that distinguished him from the other students."
The SCOR awards aim to promote actuarial science, to develop and encourage research in this field and to contribute to the improvement of risk knowledge and management. Gaurang received his award from Lord Coe at a recent ceremony held at Trinity House, Tower Hill.
Mr Mehta said, "I am humbled to have been chosen worthy of this award and feel honoured. It is my most significant achievement so far. The recognition and assessments of the possible pitfalls of upcoming Solvency II regulation is fundamental to the risk management strategies of an insurer and I hope to continue to explore this area further. I would also like to thank Cass for providing me with an inspiring environment and opportunity to carry out my research. I will always fondly remember my time at Cass."