Successfully reported this slideshow.
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime.

Center of Actuarial Excellence Application Form

198 views

Published on

  • Be the first to comment

  • Be the first to like this

Center of Actuarial Excellence Application Form

  1. 1. CENTERS OF ACTUARIAL EXCELLENCE 2010 GRANT COMPETITION Application 1
  2. 2. Centers of Actuarial Excellence 2010 Grant Competition APPLICATION DEADLINE: March 15, 2010, 11:59 PM Submission Instructions IMPORTANT: Only one research grant application and one education grant application will be accepted per CAE school. 1. Please complete the following application and save in an electronic format (Word doc/docx or PDF). 2. Please provide all other supporting documentation electronically as well (PDF format with bookmarks is strongly preferred). 3. Submit your application via email with attachments to cae@soa.org. 4. The Subject Line of the email should read as follows: <UNIVERSITY NAME> – CAE Grant Application 5. The size limit on emails coming into an SOA mailbox is 5 MB. If your documents are larger than this when combined, please split the application documents between several emails. If you are sending more than one email, please add “Email 1 of 3”, “Email 2 of 3”, etc. to the end of the Subject Line. 6. Applications will not be considered as having met the application deadline until a fully completed application and all required supporting documentation has been received by the SOA. For questions or assistance in completing this form, please contact cae@soa.org. 2
  3. 3. Centers of Actuarial Excellence 2010 Grant Competition APPLICATION DEADLINE: March 15, 2010, 11:59 PM This form is for U.S. or Canadian universities and colleges with a Center of Actuarial Excellence (CAE) designation seeking a Society of Actuaries (SOA) Centers of Actuarial Excellence grant. Only one research grant application and one education grant application will be accepted per CAE school. I. Educational Institution Name of institution       Department requesting grant Name of principal investigator/project leader involved       with this project       Type of grant (enter X for one): Title of proposed project Research       Education Estimated project start date Estimated project completion date             Contact information for principal investigator/project leader Campus box or mail Mailing address code (if applicable)             City State/Province Postal code Country                         Telephone number Fax number E-mail address                   I.a. Investigators/Participants Name Title             Institution E-mail address Telephone number                   Name Title             Institution E-mail address Telephone number                   Name Title             Institution E-mail address Telephone number                   Name Title             Institution E-mail address Telephone number                   3
  4. 4. II. Grant Eligibility Attaining Center of Actuarial Excellence status makes the institution eligible for grants in education and research. Only schools that are Centers of Actuarial Excellence and remain in good standing will be able to compete for grants. These grants will allow universities to make significant investments in their programs, research and the profession. There will be one CAE Grant competition per year. III. Grant Type Research grants – The SOA will offer a preferred research topic. Participants may submit a proposal on the suggested topic or on a topic of their choosing. Preference will be given to the suggested topic; however, exceptional proposals in other topic areas will be considered. For 2010, the preferred research topic is risk management. Grants can be in any topic related to risk management, including but not limited to • Identification and analysis of risk, including but not limited to financial, non- financial, regulatory, and strategic risks • Risk quantification techniques • Risk measures • Risk management, including but not limited to risk optimization, use of derivative instruments, hedging techniques, transfer, ALM, • Application of risk management and ERM within any traditional actuarial areas of practice (insurance, annuities, pension, health) or broader financial markets • Application of risk management techniques in the private and public sector Research grants can be used for all research expenditures, including research stipends for graduate students. We will not pay for overhead expenditures in excess of 10%. Education grants – Education grants will be awarded for initiatives such as curriculum development (including textbooks), program expansion, introduction of graduate student programs, hiring of faculty, etc. The SOA will not announce suggested topics for education grants. Education grants can be used for all education-related expenditures. We will not pay for overhead expenditures in excess of 10%. IV. Format of Application and Required Information The application must not exceed eight total pages (excluding references) in length, using 12 pt. font and 1″ margins. CVs and personal references for the investigators may be in addition to this total. The application must include: • Title of proposed project • Summary of project objectives 4
  5. 5. Provide a brief summary of the project objectives, highlighting the value of the proposed investigation. The focus should be on how or why the research will expand actuarial knowledge or education and/or contribute in an important way to areas of interest to the actuarial profession. • Description of proposed project • Provide a description of the project that is being proposed. Where applicable, there should be a brief overview of the existing knowledge base that the project will build from. Include an outline of the key steps that the investigator(s) envisage(s) over the course of the project. This section should include a detailed description of the proposed final work product; including any interim work product • Budget Provide a proposal for how funds will be spent by year. Please be sure to break out major categories (staff salaries and other payroll costs, staff fringe benefits, equipment, supplies, travel, fees, other (please describe) and overhead). Please note that fringe benefits should not be included in the overhead charge; also as noted the overhead charge cannot exceed 10% of the total proposal. • Proposal for ownership of final work product Provide a statement describing the proposed ownership rights for the work product. The SOA seeks to ensure that our members and other stakeholders will have sufficient access and reserves the right to refuse any grant proposals that do not give suitable rights with regard to the work product. • Dissemination proposal Provide a proposal for the manner in which the work will be made available. Also include steps that will be taken to provide SOA members and other stakeholders access to the work. For research grants, this will typically be through publication in journals and other publications. For education grants, this could be through publication of the final curriculum materials or making the curriculum materials available to other academics through the SOA website or another medium. • Qualifications of the investigator(s) Describe the role of each team member, clearly identifying the principal investigator/project leader. Include CVs that show academic degrees, professional designations, work experience, and any relevant achievements in education and research. The CVs (with references, as available) may be attached to this application as an Appendix. • Leadership contingency plan 5
  6. 6. Please note that the grant is made to the CAE school, not the principal investigator/project leader. Therefore, please describe a brief contingency plan for project completion should the principal investigator/project leader leave the project. V. Submission of Application By signing below, each of the individuals listed below certifies that (i) the information provided in this application and its attachments is true, accurate, and complete to the best of his or her knowledge and belief; and (ii) he or she will inform the SOA as soon as possible of any material changes in the information provided in this application and also report the changes in an annual account and progress report. Each of the undersigned understands and acknowledges that any false or misleading information may result in revocation of the grant funds. Applicants further acknowledge that grant recipients will be required to provide an annual account and progress report. Failure to provide timely annual accounting of spending will suspend future grant payments until such an accounting is received by the SOA. Principal Investigator/Project Leader Date PI/PL Supervisor (Department Head or Dean) Date Print Name Title Institution E-mail Telephone This application form and supporting documentation should be sent via email to: cae@soa.org See Submission Instructions at the beginning of this document for guidance on how to submit your application and supporting documentation. For questions or assistance in completing this form, please contact cae@soa.org. Updated January 29, 2010 6

×