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2010 Editor Report.

Here is the printed version of the report of the editor as presented to the WRIEC meeting in July 2010.

SUBMISSIONS AND PUBLICATION STATISTICS (JUNE 29, 2010)

Table 1 provides the historical summary of JRI statistics, including resubmissions as before 2007. This table updates the historical trends in submissions, acceptance rates, and international submission rates (outside of the USA). It also presents the average processing time. The number of submissions remained stable at 234 in 2009. The acceptance rate is consistently below 20 percent since 2006. The average processing time decreased significantly to an average of 114 days in 2009. The number of submissions in Table 1 includes resubmissions. The numbers in Table 2 reflect new submissions only. This presentation style has a significant effect on the numbers and particularly on the acceptance rates. The second table also shows a continuous decrease in the acceptance rate of new submissions.

The number of new submissions is quite stable since 2006. The average processing time is also affected by the second method of presenting statistics, shown in Table 2, because the peer-review process is shorter in the second run. The average processing time in Table 2 applies to the first submission, while Table 1 shows the average over the total number of rounds for which the paper receives a different manuscript number. Many journals publish the type of statistics shown in Table 2, which seem to have the greatest influence over where authors decide to submit their articles for publication. They also paint a more accurate picture of new submissions and acceptance rates.

Since January 2007, we have been suggesting a 3-month deadline to the referees. We have also adopted a screening process whereby we return some manuscripts to the authors without a detailed referee report. This screening is usually done by the editor or an associate editor whose expert knowledge on the subject qualifies him or her to decide whether to reject the paper or send it to referees. The two main reasons for returning a paper after the screening process are: (1) a low probability that it will measure up to the standards of the Journal and (2) lack of a link between the content of the paper and the mission of the JRI. The screening process seems to have improved the average processing time in both tables.

The last column of both tables provides the international submission rates. A paper is considered international if the affiliation of the corresponding author is outside the United States. Before 2007, a different criterion applied. A paper was considered international if the affiliation of any one of its authors was outside the USA. We have chosen this new criterion because it better highlights the international status of the paper. It is also easier to manage. As the numbers show, the Journal's international reach remains stable over the years with an exception in 2007. More than 50 percent of the papers submitted come from outside the USA. For new manuscripts, the ratio approaches 60 percent.

Tables 3 and 4 show the publication statistics and Table 5 presents the status of manuscripts by year. The percentage of published manuscripts has decreased significantly over time. The measures adopted over the last 2 years have enabled the Journal to significantly reduce the backlog the 3 years preceding the current year. Only 27 articles accepted before 2010 have not been published yet; 8 of the 46 accepted papers in the total backlog will be published in the September issue, and about 10 will be published in the December issue. Table 6 shows waiting periods for the first decision, measured in months. As you can see, the evaluation process during the first 4 months improved in 2009 (as well as in 2010). Table 7 compares new submissions with the number of published papers and resubmissions by year. The number of published papers has increased significantly in recent years, as part of our efforts to reduce the backlog. We should publish about 38 articles in 2010.

In 2009, Internet readership via www.interscience.wiley.com was lower than in 2008: 115,077 versus 121,984 downloads. The administrative passage from Blackwell to Wiley-Blackwell may explain this reduction. However, the total number of readers registered for the JRI e-alert service increased by 3 percent in 2009 compared with 2008: 1,004 versus 976. For more details, see Wiley-Blackwell Publisher's Report 2009. During the last 12 months, JRI had 4,694 abstract views and 1,622 file downloads at IDEAS (RePEc), an average increase of about 40 percent. RePEc is a very important author service, with more than 20,000 documents. It is important to improve our relationship with this service and to post rapidly the new issues of the Journal on this website (RePEc--Research Papers in Economics: http://ideas.repec.org/s/bla/jrinsu.html).

MEHR AWARD

The editorial board is responsible for the Mehr Award. The American Risk and Insurance Association presents the Robert I. Mehr Award each year to authors of the JRI article that has best stood the test of time. Because the article so honored must be 10 years old, this year, JRI articles from 2000 were considered. The award is presented at the ARIA annual meeting. The editor and associate editors select the winner.

Last spring, we sent the members of the editorial board the title, author(s), abstract, and citations documented in JSTOR for the 2000 articles. The record of citations is not necessarily exhaustive. For example, we may find additional citations on Google Scholar. Given the importance of citations, we include all that we find. We do not, however, believe they are crucial or that they supersede judgment.

Given that all the articles are archived in JSTOR, we included links to them in the articles considered for the award. The members of the board were asked to rank candidates as their first, second, and third choices (first being the preferred selection) and to send their ballot to Claire Boisvert, Assistant Editor of the JRI. The usual restrictions applied; that is, associate editors who had a paper under consideration were not allowed to vote and were not included on the award committee mailing list. This year, the winning article was selected during the second round.

The 2010 winning article is "A Class of Distortion Operators for Pricing Financial and Insurance Risks," by Shaun S. Wang (Vol. 67, no. 1, March 2000).

DOI: 10.1111/j.1539-6975.2010.01388.x
TABLE 1
Historical Summary of Journal Processes
(With Resubmissions-June 29, 2010)

                                        Average
                                      Processing
                                      Time (Days)
                                       (Articles
                       Acceptance     Counted for     International
Year    Submissions     Rate (%)     Calculations)     Submissions

2001        158          22.78         135 (22)          74 (47%)
2002        144          22.22         177 (76)          79 (53%)
2003        143          20.28         141 (141)         66 (46%)
2004        177          18.64         124 (177)         91 (51%)
2005        184          20.11         148 (182)         96 (52%)
2006        210          17.14         157 (203)        107 (51%)
2007        195          10.77         175 (195)        114 (59%)
2008        234          18.8          121 (234)        122 (52%)
2009        234          13.25         114 (231)        126 (54%)
2010        129          14.73          65 (58)          67 (52%)

TABLE 2
Historical Summary of Journal Processes
(Without Resubmissions-June 29, 2010)

                                        Average
                                      Processing
                                       Time for
            New        Acceptance    First Decision   International
Year    Submissions     Rate (%)        (Days)         Submissions

2001        109          35.78             97
2002        100          27               187
2003        102          33.33            154
2004        120          30.83            126
2005        134          26.12            154
2006        139          28.06            169
2007        146          24.66            187           90 (62%)
2008        135          21.48            140           78 (58%)
2009        142           7.04            127           82 (58%)
2010         70           1.43             87           36 (51%)

TABLE 3
Manuscripts Submitted and Published
(With Resubmissions-June 29, 2010)

Year     Submitted     Published      % Published

2001        158            36            22.78
2002        144            32            22.22
2003        143            29            20.28
2004        177            33            18.64
2005        184            37            20.11
2006        210            36            17.14
2007        195            21            10.77
2008        234            39            16.67
2009        234             9             3.85
2010        129             0             0

TABLE 4
Manuscript Submitted and Published
(Without Resubmissions-June 29, 2010)

Year     Submitted     Published      % Published

2001        109            39            35.78
2002        100            27            27
2003        102            34            33.33
2004        120            37            30.83
2005        134            34            25.37
2006        139            33            23.74
2007        146            23            15.75
2008        135            10             7.41
2009        142             4             2.82
2010         70             0             0

TABLE 5
Status of Manuscripts According to Year (June 29, 2010)

Year     Submissions      Pending      Rejected

2001         158             0            60
2002         144             0            60
2003         143             0            70
2004         177             0            86
2005         184             0            88
2006         210             0            91
2007         195             1            92
2008         234             0            84
2009         234             3            86
2010         129            72            12

         Revise and
Year      Resubmit       Published     Backlog

2001          62            36             0
2002          52            32             0
2003          44            29             0
2004          58            33             0
2005          59            37             0
2006          83            36             0
2007          81            21             0
2008         106            39             5
2009         114             9            22
2010          26             0            19

TABLE 6
First Decision Waiting Periods Measured in Months (June 29, 2010)

                                         Year of Submission

Months to Obtain a Response       2001   2002   2003   2004   2005

1                                    3      3     15     34     31
2                                    2      1      9     18     13
3                                    4     10     20     21     16
4                                    4      7     22     31     23
5                                    6     17     19     17     27
6                                    0      8     21     14     22
7                                    0      8     12      9     13
8                                    0      5      9     14      8
9                                    0      6      7      6      8
10                                   0      2      1      1      2
11                                   0      4      1      4      5
12                                   0      2      3      3      4
More than 12                         3      3      2      5     10
Total                               22     76    141    177    182
Average time in first 12 months   3.42   5.95   4.88   4.33   4.73

                                         Year of Submission

Months to Obtain a Response       2006   2007   2008   2009   2010

1                                   17     12     32     30     20
2                                   11     16     27     17      6
3                                   30      8     18     19      9
4                                   23     21     45     69     16
5                                   27     35     45     41      6
6                                   31     23     20     24      1
7                                   16     20     19     14      0
8                                   13     17     11      7      0
9                                   11     12      6      9      0
10                                   6      6      5      0      0
11                                   5     10      4      1      0
12                                   3      4      0      0      0
More than 12                        10     11      2      0      0
Total                              203    195    234    231     58
Average time in first 12 months   5.22    5.8   4.46   4.29   2.74

TABLE 7
Yearly Statistics (June 29, 2010)

         Number of New       Number of           Number of
Year      Submissions      Resubmissions     Published Articles

2001          109               52                   26
2002          100               46                   23
2003          101               42                   37
2004          120               57                   29
2005          133               52                   26
2006          139               71                   33
2007          146               49                   37
2008          135               99                   48
2009          142               92                   38
2010           70               59                   20
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Publication:Journal of Risk and Insurance
Article Type:Editorial
Date:Dec 1, 2010
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