The Actuarial Foundation, with generous support from Prudential
Financial, Inc., is providing New Jersey high school students with the
opportunity to “think like an actuary” through its Project Math
Minds™ competition. This scholarship competition challenges
students to conduct sophisticated mathematical analyses and make
decisions based on their results. This type of analytical skill set
makes actuaries experts in managing risk and planning for the future.
“Even though it is consistently ranked as a top job in America, many
high school students are unaware of the actuarial profession, the steps
required to become an actuary, and that it remains one of the most
sought-after professions,” said Kevin Cormier, FCAS, MAAA, senior
actuary, trustee of The Actuarial Foundation and Project Math Minds™
chairperson. “With this competition, we hope to introduce students to
the skills actuaries use every day on the job.”
Written and reviewed by professional actuaries, the 2015 Project
Math Minds™ competition asks participants to develop estimates
of potential losses from earthquakes that an insurance company or
catastrophe fund might bear in the next year. The top three
student-submitted projects will receive scholarship awards of $5,000,
$3,500 and $2,000 for first, second and third place submissions,
respectively. Entries will be judged on creative ability, assumptions,
use of mathematics, thought process, thoroughness, organization and
clarity.
Students will have the option to consult with an actuary for questions
on their project. Participants - individuals or teams of up to three -
must be juniors or seniors at a high school located in New Jersey. The
deadline for applying is March 31, 2015.
“We are excited to partner with The Actuarial Foundation on this
important initiative. Our hope is that through this challenging and
interactive competition, participants will gain a solid understanding of
the critical contributions actuaries make and the impact the profession
has on the business world, as well as the steps required to become an
actuary,” said Richard Lambert, senior vice president and chief actuary
at Prudential. “We look forward to welcoming the winning students at the
awards ceremony in May at our headquarters in Newark, N.J.”
Project Math Minds™
For more information on The Actuarial Foundation’s Project Math
Minds™ assignment, please visit www.actuarialfoundation.org/ProjectMathMinds
or call (847) 706-3535.
About The Actuarial Foundation
The Actuarial Foundation is a 501(c)(3) organization established in 1994
to help facilitate and broaden the actuarial profession’s contribution
to society. The mission of the Foundation is to enhance math education
and financial literacy through the talents and resources of actuaries.
The Foundation’s vision is an educated public in pursuit of a secure
financial future. For more information, please visit www.actuarialfoundation.org.
About Prudential Financial Inc.
Prudential Financial, Inc. (NYSE:PRU), a financial services leader with
more than $1 trillion of assets under management as of December 31,
2014, has operations in the United States, Asia, Europe and Latin
America. Prudential’s diverse and talented employees are committed to
helping individual and institutional customers grow and protect their
wealth through a variety of products and services, including life
insurance, annuities, retirement-related services, mutual funds and
investment management. In the U.S., Prudential’s iconic Rock symbol has
stood for strength, stability, expertise and innovation for more than a
century. For more information, please visit www.news.prudential.com.
Photos/Multimedia Gallery Available: http://www.businesswire.com/multimedia/home/20150224006101/en/
Copyright Business Wire 2015