Competition Process
To start the challenge, students must complete a series of Mission Scenarios in which they are given real-world datasets to make sure they have developed the skills needed to complete their own actuarial research project. For all teams passing through the Scenario Phase, they will define and conduct a project of their own choosing - following the Actuarial Process as a guide - and will complete a research report detailing their methodology, analysis, and recommendations. All teams in accepted into the Project Phase of the program will be connected with an actuary mentor to help guide the students through the Actuarial Process and complete their research report.Judging Criteria
Project Reports are evaluated based on a rubric composed of the following criteria:- Executive summary
- Background information
- Data methodology
- Mathematics methodology
- Risk Characterization
- Recommendations
- Overall Communication
Awards & Recognition
1st Place
This award counts toward these ICS Academic Badges.
The Data Analysis badge is awarded to students who earn recognition in competitions that demonstrate their ability to process, interpret, visualize, and draw meaningful conclusions from complex datasets. Associated skills: Use statistical tools to identify trends, patterns, and anomalies; create clear charts and graphs; present evidence-based recommendations; clean data to ensure accuracy.
The Critical Thinking badge is awarded to students who earn recognition in competitions that demonstrate their ability to evaluate complex problems, challenge assumptions, adapt to new information, and devise logical solutions. Associated skills: Document decision-making throughout a project; provide a detailed breakdown of results; analyze points of failure and adapt to setbacks; develop innovative ways to communicate or display information.
The Technical Writing badge is awarded to students who earn recognition in competitions that demonstrate their ability to document complex concepts, processes, and conclusions with clarity and precision. Associated skills: Author an exemplary project report; adhere to formatting and citation guidelines; develop replicable manuals or procedures; communicate findings in a research-based essay; integrate graphs and visualizations to effectively display data.
2nd Place
This award counts toward these ICS Academic Badges.
The Data Analysis badge is awarded to students who earn recognition in competitions that demonstrate their ability to process, interpret, visualize, and draw meaningful conclusions from complex datasets. Associated skills: Use statistical tools to identify trends, patterns, and anomalies; create clear charts and graphs; present evidence-based recommendations; clean data to ensure accuracy.
The Critical Thinking badge is awarded to students who earn recognition in competitions that demonstrate their ability to evaluate complex problems, challenge assumptions, adapt to new information, and devise logical solutions. Associated skills: Document decision-making throughout a project; provide a detailed breakdown of results; analyze points of failure and adapt to setbacks; develop innovative ways to communicate or display information.
The Technical Writing badge is awarded to students who earn recognition in competitions that demonstrate their ability to document complex concepts, processes, and conclusions with clarity and precision. Associated skills: Author an exemplary project report; adhere to formatting and citation guidelines; develop replicable manuals or procedures; communicate findings in a research-based essay; integrate graphs and visualizations to effectively display data.
3rd Place
This award counts toward these ICS Academic Badges.
The Data Analysis badge is awarded to students who earn recognition in competitions that demonstrate their ability to process, interpret, visualize, and draw meaningful conclusions from complex datasets. Associated skills: Use statistical tools to identify trends, patterns, and anomalies; create clear charts and graphs; present evidence-based recommendations; clean data to ensure accuracy.
The Critical Thinking badge is awarded to students who earn recognition in competitions that demonstrate their ability to evaluate complex problems, challenge assumptions, adapt to new information, and devise logical solutions. Associated skills: Document decision-making throughout a project; provide a detailed breakdown of results; analyze points of failure and adapt to setbacks; develop innovative ways to communicate or display information.
The Technical Writing badge is awarded to students who earn recognition in competitions that demonstrate their ability to document complex concepts, processes, and conclusions with clarity and precision. Associated skills: Author an exemplary project report; adhere to formatting and citation guidelines; develop replicable manuals or procedures; communicate findings in a research-based essay; integrate graphs and visualizations to effectively display data.
4th Place
This award counts toward these ICS Academic Badges.
The Data Analysis badge is awarded to students who earn recognition in competitions that demonstrate their ability to process, interpret, visualize, and draw meaningful conclusions from complex datasets. Associated skills: Use statistical tools to identify trends, patterns, and anomalies; create clear charts and graphs; present evidence-based recommendations; clean data to ensure accuracy.
The Critical Thinking badge is awarded to students who earn recognition in competitions that demonstrate their ability to evaluate complex problems, challenge assumptions, adapt to new information, and devise logical solutions. Associated skills: Document decision-making throughout a project; provide a detailed breakdown of results; analyze points of failure and adapt to setbacks; develop innovative ways to communicate or display information.
The Technical Writing badge is awarded to students who earn recognition in competitions that demonstrate their ability to document complex concepts, processes, and conclusions with clarity and precision. Associated skills: Author an exemplary project report; adhere to formatting and citation guidelines; develop replicable manuals or procedures; communicate findings in a research-based essay; integrate graphs and visualizations to effectively display data.
Finalist
This award counts toward these ICS Academic Badges.
The Data Analysis badge is awarded to students who earn recognition in competitions that demonstrate their ability to process, interpret, visualize, and draw meaningful conclusions from complex datasets. Associated skills: Use statistical tools to identify trends, patterns, and anomalies; create clear charts and graphs; present evidence-based recommendations; clean data to ensure accuracy.
The Critical Thinking badge is awarded to students who earn recognition in competitions that demonstrate their ability to evaluate complex problems, challenge assumptions, adapt to new information, and devise logical solutions. Associated skills: Document decision-making throughout a project; provide a detailed breakdown of results; analyze points of failure and adapt to setbacks; develop innovative ways to communicate or display information.
The Technical Writing badge is awarded to students who earn recognition in competitions that demonstrate their ability to document complex concepts, processes, and conclusions with clarity and precision. Associated skills: Author an exemplary project report; adhere to formatting and citation guidelines; develop replicable manuals or procedures; communicate findings in a research-based essay; integrate graphs and visualizations to effectively display data.
Semi-Finalist
This award counts toward these ICS Academic Badges.
The Data Analysis badge is awarded to students who earn recognition in competitions that demonstrate their ability to process, interpret, visualize, and draw meaningful conclusions from complex datasets. Associated skills: Use statistical tools to identify trends, patterns, and anomalies; create clear charts and graphs; present evidence-based recommendations; clean data to ensure accuracy.
The Critical Thinking badge is awarded to students who earn recognition in competitions that demonstrate their ability to evaluate complex problems, challenge assumptions, adapt to new information, and devise logical solutions. Associated skills: Document decision-making throughout a project; provide a detailed breakdown of results; analyze points of failure and adapt to setbacks; develop innovative ways to communicate or display information.
The Technical Writing badge is awarded to students who earn recognition in competitions that demonstrate their ability to document complex concepts, processes, and conclusions with clarity and precision. Associated skills: Author an exemplary project report; adhere to formatting and citation guidelines; develop replicable manuals or procedures; communicate findings in a research-based essay; integrate graphs and visualizations to effectively display data.
Participate
Website: https://www.mtfchallenge.org
Managing Organization: The Actuarial Foundation
Students in their junior or senior year of high school from anywhere in the United States and its territories. Students can be from formal, informal, or homeschool groups, of up to 5 students.