News from Cass Business School

Cass MSc student wins prestigious actuarial prize - again

For the second year running a Cass MSc Insurance and Risk Management student has been awarded a prestigious research prize by the major global reinsurer SCOR UK. Each year SCOR offers two prizes to reward the best academic papers in the field of actuarial science and risk through its Actuarial Awards.

On this occasion Tom Hoad received the prize for his MSc dissertation, which made out the case for an entirely new form of insurance product to cover credit risk.

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. Tom received his award from Chris Daykin, former Government Actuary and Chairman of the prize committee, at a recent ceremony.

Professor Chris Parsons, who is Director of the MSc Insurance and Risk Management programme at Cass, and who supervised Tom's dissertation, said: "This is a wonderful achievement which honours Cass and reflects well on the quality of our programmes. Our students have been consistently successful in this competition and Tom's award was richly deserved - not only was his dissertation highly original but it also set out an entirely practical solution to a significant current problem for insurance firms."

Dr Ben Rickayzen, Head of the Faculty of Actuarial Science and Insurance at Cass, also commented: "This is a tremendous honour for Tom and is a just reward for the outstanding piece of research he completed. I am very proud that a Cass MSc in IRM student has won this award for the second consecutive year. Our Faculty has also had a tradition of Actuarial Science students winning the award in previous years. All of this confirms the Cass commitment to academic excellence."

Tom, who is now part of the Enterprise Risk Team at specialist Lloyd's underwriting firm, Kiln, said: "I am delighted to have won the award and wish to thank all those who supported me though the process. The MSc course at Cass was the perfect academic platform to complement the skills I developed at work."

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