ALEXANDRIA, Virginia, May 10, 2017—Christopher “Chris” J. Boggs, CPCU, ARM, ALCM, LPCS, AAI, APA, CWCA, CRIS, AINS, Independent Insurance Agents & Brokers of America Virtual University director, receives the Institute and Faculty of Actuaries (IFoA) Brian Hey Prize as part of a diverse worldwide group of professionals.
Boggs with fellow insurance experts and professionals collaborated as part of the joint IFoA-CAS International Reinsurance Pricing working party in order to present a paper to the IFoA General Insurance Research Organizing (GIRO) Conference 2016. The paper was titled, “Analyzing the Disconnect Between the Reinsurance Submission and Global Underwriter's Needs.” Boggs was the only non-actuary US member of this cross-discipline team featuring actuaries, underwriters, and educators from all parts of the world.
“Chris Boggs’s contributions to the industry are countless and his recent international recognition with the Brian Hey Prize is further evidence of his scope and wealth of industry knowledge,” says Madelyn Flannagan, Big "I" vice president of agent development, education and research. “The Big ‘I’ is proud to have Chris on our team as the head of the association’s Virtual University.”
The Brian Hey Prize was established by the IFoA in 1998 in memory of its namesake who was a well-respected senior actuary. In his memory, his family and employer donated funds to further actuarial research and the IFoA has used this to establish a research-based prize in his memory. The Brian Hey Prize is usually awarded for the best paper submitted to each year’s GIRO Conference.
“Chris’s contribution to this white paper, prepared for the global property market, was invaluable,” says John Buchanan, FCAS, MAAA, and chairperson of the IFoA-CAS joint working party. “When I had previously seen Chris present in his university capacity, I made a mental note that he would be a terrific addition to any future similar industry endeavor.”
The award was presented during the recent IFoA award ceremony in London. The paper can be downloaded from this IFoA link: https://actuaries.org.uk/about-us/recognition-prizes-and-awards/research-paper-and-presentation-prizes/brian-hey-prize
Independent Insurance Agents and Brokers of America (IIABA or the Big “I”) was founded in 1896 and is the nation’s oldest and largest national association of independent insurance agents and brokers, representing a network of approximately a quarter of a million agents, brokers and their employees nationally. Its members are businesses that offer customers a choice of policies from a variety of insurance companies. Independent agents and brokers offer all lines of insurance—property, casualty, life and health—as well as employee benefit plans and retirement products. Web address: www.independentagent.com.