Juniors Reese K. and Niav L. were awarded second place in the American Actuarial Foundation’s Modeling the Future Symposium in New York City on Monday. This award came with a $15,000 prize ($7,500 each) that they will be able to use towards their college education!
The Modeling the Future competition asked students to write a paper that forecasts the impact of autonomous vehicles on the transportation industry, insurance industry, and society at large. They were selected as finalists in December based on their original submission. They received feedback from the judges, revised their paper and presented their findings to a panel of 12 judges representing actuaries from across the country.