Teams that pass the bar in the "Scenario Response" phase of the competition will be recognized as "Semi-Finalists" and provided actuarial mentors to help advance through phase 2 of the challenge.
Finalist teams will be provided a travel support grant to participate in the Modeling the Future Symposium where they will meet with actuaries, learn about college and career opportunities, and have fun exploring the city. Teams will also present their models of the future to a panel of actuarial professionals for a shot to win one of the scholarship awards. The ultimate number of teams selected as finalists will depend upon funding from our sponsors.
The grand prize “Actuarial Scholar Awards” will be provided as college scholarships to each winning team’s school(s) of choice.
1st Place: $25,000
2nd Place: $15,000
3rd Place: $10,000
4th Place: $5,000
Additionally, several Coach and School support awards will also be made, including:
$1,000 Top Coach Award will be provided to the coaches of the top 4 teams.
$1,000 School Support Award to the school with the most teams accepted as semi-finalists.
The Actuarial Foundation reserves the right to change or discontinue any of the noted scholarship programs at any time and without notice. Award recipients are selected at the sole discretion of the selection committee for that particular scholarship. All scholarship awards are made payable to U.S. accredited educational institutions only.