Introductory Webinar, May 8 th 2017 Webinar Agenda 1. Introductions - - PowerPoint PPT Presentation

Introductory Webinar, May 8th 2017

www.mtfchallenge.org | A Program of The Actuarial Foundation

• 1. Introductions
• 2. Why Modeling the Future
• 3. How it Works
• 4. Support Systems
• 5. Timeline and Milestones
• 6. Questions

Webinar Agenda

www.mtfchallenge.org | A Program of The Actuarial Foundation Who is behind the Modeling The Future Challenge?

Introductions

www.mtfchallenge.org | A Program of The Actuarial Foundation With design and operational support from:

Introductions

www.mtfchallenge.org | A Program of The Actuarial Foundation And sponsorship support from:

Introductions

Bronze Sponsors Gold Sponsors

Roy and Georgia Goldman

www.mtfchallenge.org | A Program of The Actuarial Foundation

Why Modeling the Future?

The Modeling the Future Challenge aims to help high school students connect with the exciting real-world

• pportunities

available through mathematics and actuarial science. The resources and college scholarships available through the MTF Challenge help students learn about the applied benefits of becoming skilled in mathematics and how those skills can translate into some of the best careers around the globe!

Putting math to work to increase the actuarial workforce:

• Actuary is consistently rated as one of the best

jobs in America.

• Actuaries earn great starting salaries that can

double within the first five years.

• Actuarial jobs are always in high demand.
• Actuaries participate in high-level business

decision-making and solve real problems in every industry.

• But… Actuaries require top skills in Mathematics!

www.mtfchallenge.org | A Program of The Actuarial Foundation

How it Works

The premise is simple. Develop and present mathematical models describing how autonomous vehicle technologies might change the future! Working individually or in groups of up to 3, students research and analyze data to develop their own mathematical models about how autonomous vehicles might affect 3 areas:

• 1. Transportation
• 2. Insurance
• 3. An aspect of society at large

www.mtfchallenge.org | A Program of The Actuarial Foundation

How it Works: Data

Students will be provided baseline datasets to be used, but they are not restricted to these and can add data through their own research.

www.mtfchallenge.org | A Program of The Actuarial Foundation

How it Works: Submissions

Student submissions are sent in online to the MTF Challenge review panel. Submissions are a single PDF or MS Word document including all analysis and figures. Submissions include:

• 1. Executive Summary (Up to 2 pages max)
• 2. Transportation Industry Changes (Up to 10 pages max)
• 3. Insurance Industry Changes (Up to 10 pages max)
• 4. Society at Large Changes (Up to 5 pages max)
• 5. Conclusions and Recommendations (Up to 3 pages max)

www.mtfchallenge.org | A Program of The Actuarial Foundation

How it Works: Judging

Submissions are reviewed by a panel of experienced actuaries to evaluate the students’ mathematical analysis and critical-thinking skills. Review Criteria:

• 1. Executive Summary (5pts)
• 2. Data Methodology (5pts)
• 3. Mathematics Methodology (5pts)
• 4. Transportation Analysis (5pts)
• 5. Insurance Analysis (5pts)
• 6. Society at Large Analysis (5pts)
• 7. Conclusions & Recommendations (10pts)

www.mtfchallenge.org | A Program of The Actuarial Foundation

How it Works: Final Presentations & Awards

Finalists are brought to the Modeling the Future Symposium in New York City to present their findings live in front of the expert panel of Actuaries.

Educator Support Awards

• 4 x $1,000 Educator Support Grants to the

coaches of the top 4 teams

• 1 x $1,000 School Support Grant to the

school with the most complete submissions

Actuarial Scholar Awards

1st Place: $25,000 2nd Place: $15,000 3rd Place: $10,000 4th Place: $5,000

www.mtfchallenge.org | A Program of The Actuarial Foundation

Support Systems

www.mtfchallenge.org | A Program of The Actuarial Foundation

Support Systems: Educator Math Grants

A number of $500 grants will be provided to MTF Challenge educators (formal or informal) to help engage their students in STEM through the Modeling the Future Challenge. Applications are online now. Due: June 27, 2017

www.mtfchallenge.org | A Program of The Actuarial Foundation

Questions

Thank you for joining us! We look forward to helping you engage your students with the Modeling the Future Challenge.

Questions?

Contact:

challenge@mtfchallenge.org