Dear Dr. Makov:

Thank you for the time and effort you invested in preparing the proposal you submitted for the 2016 Individual Grants Competition. The committees have reviewed all of the proposals and were very pleased to have an excellent set of proposals to consider. 

After careful consideration and review of available funding resources, the Society of Actuaries’ Committee on Knowledge and Extension Research (CKER) and the Casualty Actuarial Society (CAS) have approved funding your proposal, “Enhanced Predictive Modeling for Usage-Based Auto Insurance.”

We anticipate completion of your Letter of Agreement by mid-April. The CKER and CAS are pleased to have this opportunity to work with you. Should you have any questions, please contact Erika Schulty at eschulty@soa.org.

Sincerely,

Richard Gorvett, Ph.D, MAAA, FCAS, CERA, ASA

Chairperson, Committee on Knowledge Extension Research

David Core, CAE

Director of Professional Education and Research, Casualty Actuarial Society