Prizes and Awards

The Institute offers a number of prizes recognising achievements in actuarial research.

The prizes are sponsored by the respective trust funds and are generously supplemented from the Melville Prize Fund established by the late Mr Tig Melville.

The H M Jackson Prize is awarded for the best paper published by, or presented to, a body other than the Institute of Actuaries of Australia. This can be a paper published in an overseas journal, a paper presented to an international or foreign conference, or a paper published in or presented to an Australian non-actuarial journal/conference. (In the case of published work, “paper” can be taken as including a broadly similar item, such as a book or book chapter.)

The A M Parker Prize is awarded for the best paper published by the Institute in the Australian Actuarial Journal or presented to a conference that was run by or on behalf of the Institute. The conference concerned can be any conference, seminar, Insights session or similar event, either profession-wide or specific to a particular practice area.

For each prize, the best paper among those nominated is judged by a panel appointed by the Research Council Committee (RCC), against the selection criteria set out in the respective call for nomination. Members of the judging panel are required to observe the strictest standards of confidentiality and conflict of interest principles. RCC is responsible for reviewing and ratifying the judging panel’s recommendations.

Members are encouraged to give careful consideration to papers they have encountered that may measure up well against the selection criteria, and to nominate any they believe conform to the requirements. Self-nomination is allowed and encouraged.

The call for nominations is issued in June each year.

Nominations for the 2011 H M Jackson Prize and A M Parker Prize closed on 30 September 2011.

2010 Prizes Winners

Congratulations to the following prize winners

• A M Parker Prize awarded to Jamie Alcock and Anthony Hatherley from the University of Queensland for their paper Asymmetric dependence between domestic equity indicies and its effect on portfolio construction.

  Published: Australian Actuarial Journal, Volume 15 Issue 1 pp. 143-180 

• H M Jackson Prize awarded to Jiwook Jang from Macquarie University for his paper The cost of Delay in Mortgage/ Credit Load Portfolio

   Published: Asia-Pacific Journal of Risk Insurance Vol 4, Issue 1, Article 5

• Melville Practitioner Prize awarded to David Schnieder and Dennis Sams from UniSuper Managment for their paper UniSuper's Approach to Risk Budgeting

  Presented : Institute of Actuaries of Australia Biennial Convention 19 - 22 April 2009 

• Melville Health Prize awarded to Andrew Gale from Medibank Private for his paper Pennies from heaven: Health Insruance Demutualisations

  Presented: Institute of Actuaries of Australia Biennial Convention 19 - 22 April 2009