Swiss Re Prize for the Best Reinsurance or Risk Paper in 2024
The prize was awarded to Ronald Richman (Old Mutual Insure, South Africa), Salvatore Scognamiglio (University of Naples, Parthenope) and Mario Wüthrich (RiskLab) for their paper "The Credibility Transformer" at the occasion of the Annual Convention of the Actuarial Society of South Africa on 20./21. November 2024.
Ronald Richman (on the left)
The paper provides an intuitive introduction to attention and Transformer models, discussing their connections to classical actuarial concepts, and illustrating how they can enhance traditional actuarial modeling, focusing on ratemaking.