{"id":1642,"date":"2021-02-23T16:27:28","date_gmt":"2021-02-23T16:27:28","guid":{"rendered":"http:\/\/blogs.kent.ac.uk\/smsasnews\/?p=1642"},"modified":"2021-02-24T12:10:36","modified_gmt":"2021-02-24T12:10:36","slug":"guy-thomas-receives-kulp-wright-book-award","status":"publish","type":"post","link":"https:\/\/blogs.kent.ac.uk\/smsasnews\/guy-thomas-receives-kulp-wright-book-award\/","title":{"rendered":"Guy Thomas receives Kulp-Wright Book Award"},"content":{"rendered":"<p><span style=\"font-size: 10.0pt;font-family: 'Arial',sans-serif;color: #201f1e\"><a href=\"https:\/\/www.kent.ac.uk\/mathematics-statistics-actuarial-science\/people\/640\/thomas-guy\">Guy Thomas<\/a>, Honorary Lecturer in Actuarial Science at the <a href=\"https:\/\/www.kent.ac.uk\/mathematics-statistics-actuarial-science\">School of Mathematics, Statistics and Actuarial Science<\/a>, has received the Kulp-Wright Book Award for 2019 for his book <i><a href=\"https:\/\/www.amazon.co.uk\/Loss-Coverage-Insurance-Adverse-Selection\/dp\/1107495903\/\" target=\"_blank\" rel=\"noopener\" data-auth=\"NotApplicable\">Loss Coverage: Why Insurance Works Better with Some Adverse Selection<\/a>.<\/i><\/span><\/p>\n<p><span style=\"font-size: 10.0pt;font-family: 'Arial',sans-serif;color: #201f1e\">The Kulp-Wright Book Award has been presented annually since 1944 by the\u00a0<a href=\"https:\/\/www.aria.org\/\" target=\"_blank\" rel=\"noopener\" data-auth=\"NotApplicable\">American Risk and Insurance Association<\/a>, the premier association of academic researchers in risk and insurance. The award is intended to recognise the most significant book in the risk management and insurance field published in each year.<\/span><\/p>\n<p><i><span style=\"font-size: 10.0pt;font-family: 'Arial',sans-serif;color: #201f1e\">Loss Coverage<\/span><\/i><span style=\"font-size: 10.0pt;font-family: 'Arial',sans-serif;color: #201f1e\">\u00a0was written as part of the Actuarial Science Group\u2019s ongoing research on public policy aspects of risk classification. Guy has been pursuing this research programme for a number of years, jointly with <a href=\"https:\/\/www.kent.ac.uk\/mathematics-statistics-actuarial-science\/people\/425\/tapadar-pradip\">Pradip Tapadar<\/a>, Senior Lecturer in Actuarial Science, and research students (MingJie Hao PhD 2017, and more recently Indradeb Chatterjee).\u00a0<\/span><\/p>\n<p><span style=\"font-size: 10.0pt;font-family: 'Arial',sans-serif;color: #201f1e\">The central insight of this work is that adverse selection \u2013 traditionally perceived as a problem by actuaries \u2013 can often have benefits for society as a whole. This is because some degree of adverse selection is always needed to maximise \u2018loss coverage\u2019, the fraction of society\u2019s total losses which is compensated by insurance.<\/span><\/p>\n<p><span style=\"font-size: 10.0pt;font-family: 'Arial',sans-serif;color: #201f1e\">Publications from this research programme in recent years have included papers all the main English language actuarial journals, and Guy\u2019s book (published by Cambridge University Press) which has now been recognised by the ARIA award.<\/span><\/p>\n<p><span style=\"font-size: 10.0pt;font-family: 'Arial',sans-serif;color: #201f1e\">Source:\u00a0<\/span><span style=\"color: #201f1e\"><a href=\"https:\/\/www.aria.org\/research\/kulp-wright-book-award\/\" target=\"_blank\" rel=\"noopener\" data-auth=\"NotApplicable\"><span style=\"font-size: 10.0pt;font-family: 'Arial',sans-serif\">https:\/\/www.aria.org\/research\/kulp-wright-book-award\/<\/span><\/a><\/span><\/p>\n<ul class=\"kent-social-links\"><li><a href='http:\/\/www.facebook.com\/sharer.php?u=https:\/\/blogs.kent.ac.uk\/smsasnews\/guy-thomas-receives-kulp-wright-book-award\/&amp;t=Guy Thomas receives Kulp-Wright Book Award' target='_blank'><i class='ksocial-facebook' title='Share via Facebook'><\/i><\/a><\/li><li><a href='http:\/\/twitter.com\/home?status=Guy Thomas receives Kulp-Wright Book Award%20https:\/\/blogs.kent.ac.uk\/smsasnews\/guy-thomas-receives-kulp-wright-book-award\/' target='_blank'><i class='ksocial-twitter' title='Share via Twitter'><\/i><\/a><\/li><li><a href='https:\/\/plus.google.com\/share?url=https:\/\/blogs.kent.ac.uk\/smsasnews\/guy-thomas-receives-kulp-wright-book-award\/' target='_blank'><i class='ksocial-google-plus' title='Share via Google Plus'><\/i><\/a><\/li><li><a href='http:\/\/linkedin.com\/shareArticle?mini=true&amp;url=https:\/\/blogs.kent.ac.uk\/smsasnews\/guy-thomas-receives-kulp-wright-book-award\/&amp;title=Guy Thomas receives Kulp-Wright Book Award' target='_blank'><i class='ksocial-linkedin' title='Share via Linked In'><\/i><\/a><\/li><li><a href='mailto:content=https:\/\/blogs.kent.ac.uk\/smsasnews\/guy-thomas-receives-kulp-wright-book-award\/&amp;title=Guy Thomas receives Kulp-Wright Book Award' target='_blank'><i class='ksocial-email' title='Share via Email'><\/i><\/a><\/li><\/ul>","protected":false},"excerpt":{"rendered":"<p>Guy Thomas, Honorary Lecturer in Actuarial Science at the School of Mathematics, Statistics and Actuarial Science, has received the Kulp-Wright Book Award for 2019 for &hellip; <a href=\"https:\/\/blogs.kent.ac.uk\/smsasnews\/guy-thomas-receives-kulp-wright-book-award\/\">Read&nbsp;more<\/a><\/p>\n","protected":false},"author":55813,"featured_media":1650,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[182999,94003,145912],"tags":[],"_links":{"self":[{"href":"https:\/\/blogs.kent.ac.uk\/smsasnews\/wp-json\/wp\/v2\/posts\/1642"}],"collection":[{"href":"https:\/\/blogs.kent.ac.uk\/smsasnews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs.kent.ac.uk\/smsasnews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs.kent.ac.uk\/smsasnews\/wp-json\/wp\/v2\/users\/55813"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs.kent.ac.uk\/smsasnews\/wp-json\/wp\/v2\/comments?post=1642"}],"version-history":[{"count":3,"href":"https:\/\/blogs.kent.ac.uk\/smsasnews\/wp-json\/wp\/v2\/posts\/1642\/revisions"}],"predecessor-version":[{"id":1651,"href":"https:\/\/blogs.kent.ac.uk\/smsasnews\/wp-json\/wp\/v2\/posts\/1642\/revisions\/1651"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blogs.kent.ac.uk\/smsasnews\/wp-json\/wp\/v2\/media\/1650"}],"wp:attachment":[{"href":"https:\/\/blogs.kent.ac.uk\/smsasnews\/wp-json\/wp\/v2\/media?parent=1642"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.kent.ac.uk\/smsasnews\/wp-json\/wp\/v2\/categories?post=1642"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.kent.ac.uk\/smsasnews\/wp-json\/wp\/v2\/tags?post=1642"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}