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

Introductory Webinar, May 8 th 2017

Webinar Agenda 1. Introductions 2. Why Modeling the Future 3. How it Works 4. Support Systems 5. Timeline and Milestones 6. Questions www.mtfchallenge.org | A Program of The Actuarial Foundation

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

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

Introductions And sponsorship support from: Gold Sponsors Roy and Georgia Goldman Bronze Sponsors www.mtfchallenge.org | A Program of The Actuarial Foundation

Why Modeling the Future? Putting math to work to increase the actuarial workforce: The Modeling the Future Challenge aims to help high school students connect with the Actuary is consistently rated as one of the best • exciting real-world opportunities available jobs in America. through mathematics and actuarial science. Actuaries earn great starting salaries that can • The resources and college scholarships double within the first five years. available through the MTF Challenge help students learn about the applied benefits of Actuarial jobs are always in high demand. • becoming skilled in mathematics and how those skills can translate into some of the best Actuaries participate in high-level business • careers around the globe! 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 Actuarial Scholar Awards 1 st Place: $25,000 4 x $1,000 Educator Support Grants to the • 2 nd Place: $15,000 coaches of the top 4 teams 3 rd Place: $10,000 4 th Place: $5,000 1 x $1,000 School Support Grant to the • school with the most complete submissions 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 www.mtfchallenge.org | A Program of The Actuarial Foundation