Teams must respond to a qualifying scenario during the qualifying period of the competition (see the timeline for specific dates). The scenario includes a real-world data-set and four levels of questions: (1) basic statistics and probability, (2) projecting trends, (3) risk analysis, and (4) critical thinking recommendations.
Teams qualified for the MTFC Challenge must submit a Project Report by the end of the Project Phase of the competition. The written report should describe their mathematical models they created to analyze the data and project future trends. See the “Project Process” page for more detail on what goes into your report.
First make sure you’re signed up to receive updates through our email newsletter. When the qualification period opens, team registration will also be open. Registration is conducted through the Institute of Competition Sciences’ management platform. When the registration period opens click the register link on the top menu of this site to find more information about setting up your team.
Reports are also submitted through the Institute of Competition Sciences’ management platform. On your team page on the dashboard of the ICS site, you will see a link to upload your qualifying scenario response during the Qualifying Phase. After your team qualifies, you will see a link to upload your report during the Project Phase.
With $55,000 in college scholarships from The Actuarial Foundation, the MTFC is one of the largest mathematics challenges available to students. In addition to the prize purse, students selected as finalists will be brought to the Modeling the Future Symposium where they will have one-of-a-kind experiences to meet and learn from actuarial professionals about the career opportunities and benefits of being an actuary. Airfare and lodging will be provided to all students and one coach for each finalist team.
Team coaches can also earn awards through the Educator Coach Awards. The coaches of the top 4 teams will each earn a $1,000 grant.