Posted by n.chuehong on 11 August 2015 - 10:04am

Lloyd's is the world's specialist insurance market where cover is provided for a wide range of risks. They help individuals and companies manage risks ranging from property damage to third-party liability. To help them better understand these risks, they keep track of academic research in a variety of fields. Detailed understanding of risk is essential to work at Lloyd’s, and the Science of Risk prize is designed to challenge researchers and Lloyd’s insurers to stretch their thinking. For researchers, the prize offers an opportunity to translate original work for a business audience. For insurers, the prize generates insights in to some of the most challenging risk management problems they encounter.

Lloyd's are asking researchers to submit recently published peer reviewed research papers illustrating their expertise in risk based subjects of interest to insurers and reinsurers.

Entries for the 2015 Science of Risk Prize will be accepted under two categories:

• Big data analytics and machine learning
• Cyber risk

Key dates

• Closing date for entries: 25 September 2015.
• Shortlisted entrants notified: Mid – October.
• Winners notified: Week commencing 2 November 2015.
• Awards conference and dinner date: 25 November 2015.

Prize

• Lloyd's are offering prizes of £5,000 for the best research paper in each category.
• A prize of £1,000 for best runner-up in each category will also be awarded.
• An awards dinner in Lloyd’s historic Adam Room will be held for the category winners and runner-up in each category.
• The winners are expected to present their work at a conference at Lloyd’s prior to the awards dinner. All entrants including shortlisted entrants are also expected to show their work on A1 portrait posters, which will be shown at the event.
• Attendance at the dinner and conference is expected for all those receiving monetary prizes.

Eligibility

• Lloyd's are keen to receive entries from researchers at every level in their career. So the competition is open to PhD students as well as qualified Post Doctoral research staff.
• You must be either working in a university department or at a government (owned or part-funded) research organisation.
• Find out more in the Science of Risk Prize information booklet (link below).

Further information about the prize and conference can be found at www.lloyds.com/scienceofrisk and questions should be directed to scienceofrisk@lloyds.com