Starting in 1987, at each ICASP conference, CERRA recognized an individual for contributions made to the development of risk and reliability methods in civil engineering through the "CERRA Award." Past recipients of the CERRA Award are:

C. Allin Cornell, Vancouver, Canada (1987)
Rudiger Rackwitz, Mexico City, Mexico (1991)
Ove Ditlevsen, Paris, France (1995)
Armen Der Kiureghian, Sydney, Australia (1999)
Michael Hasofer and Niels Lind (lifetime achievement award), Sydney, Australia (1999)
Yi-Kwei Wen, San Francisco, CA, USA (2003)
Hiroyuki Kameda, Tokyo, Japan (2007)

In 2009, the Board of Directors of CERRA unanimously voted to rename the CERRA Award as the C. Allin Cornell Award. The late Professor C. Allin Cornell (1938-2007), who was the first recipient of the CERRA Award in 1987, had a major influence on the advancement of risk and reliability in civil engineering. He pioneered  many areas of application of probability and statistics in civil engineering, including seismic hazard analysis, probability-based design codes, load modeling and combination, reliability assessment of offshore and nuclear structures, and performance-based earthquake engineering. The C. Allin Cornell Award is given, once every four years, on the occasion of the ICASP conference to an individual for his/her contributions to the advancement of risk and reliability methods in civil engineering. Rules for the nomination or selection of candidates can be found here.

Starting with ICASP 11 in 2011, CERRA will introduce the CERRA Student Recognition Award. The award will be given in recognition of scientific contributions and personal merits of student researchers and may, besides a certificate, include financial support in the form of free conference attendance and a travel grant. Rules for the nomination and selection of candidates can be found here.