Stand a chance to win prizes worth 鈧�100,000 in the Actuarial Innovation Challenge 2025.
We鈥檙e back with season two of the Actuarial Innovation Challenge, a case study competition for university students across South Asia. Jointly organised by the 羞羞视频 (IFoA) and the , this competition is designed to bring together the brightest undergraduate minds to solve real-world actuarial problems.
If you鈥檙e studying STEM, commerce, economics, or mathematics-related subjects that could lead to an actuarial career, this is your chance to:
The grand finale will take place live at the IFoA India Conference 2025 on 7 December 2025 at Hotel Andaz, New Delhi.
Last year鈥檚 first prize winners: the 鈥楢ctuarial Alchemists鈥�
Prepare to engage in a challenging and rewarding experience that could launch your career in actuarial science. Gather your team, sharpen your skills, and get ready for South Asia鈥檚 actuarial case study competition.
The competition comprises three rounds: the preliminary round, online presentation round (solution presentation) and the final round (advance solution).
Register your team online by completing the registration form.
Registration open from 10 September to 8 October.
Preparation:
Participants carry out research to solve the challenge question and submit their solution in the form of presentation slides.
The guidelines below outline the challenge question. They also provide hints and tips for what you should research and consider when coming up with your solution.
Submissions must adhere to the guidelines.
Download guidelines and challenge question (PDF, 300 KB)
Submission:
Submit your presentation slides in PDF format by 8 October.
Only one entry per team is allowed.
The top 20 teams are shortlisted for the next round based on the accuracy and creativity of their submissions.
The shortlisted teams are announced on 17 October.
The 20 shortlisted teams present their preliminary round solution to a panel of judges.
Presentation dates to be confirmed nearer the time.
The top 10 teams advance to the final round.
The finalists are announced on 7 November.
The 10 finalist teams present to the final judging panels on 7 December at Hotel Andaz in Aerocity, Delhi during the IFoA India Conference 2025.
The teams have the opportunity to refine and develop the ideas expressed in their first submission. We ask more questions that increase the complexity when the finalists are announced on 7 November.
The winners are announced during the event.
The 鈥楢ctuarial Alchemists鈥� from Sri Sathya Sai Institute of Higher Learning delivered an exceptional solution, earning the top honours.
157 teams registered from over 40 colleges. The overwhelming participation showcased the growing interest in actuarial science and innovation among students across India and South Asia.
Five teams from Nepal, comprising 15 dedicated students, showed unmatched enthusiasm by travelling significant distances to take part.
Out of the 157 entries, 23 teams made it to the semi-finals and 10 teams competed in the grand finale. They each presented ground-breaking solutions to address real-world challenges.
The Actuarial Innovation Challenge 2024 was among the IFoA India Conference 2024鈥檚 standout moments. The challenge encouraged participants to develop innovative insurance solutions for disadvantaged communities, blending creativity with technical expertise.
The competition set the tone for the conference by emphasising the importance of innovation and collaboration in solving actuarial and societal challenges.
For more details, follow us on our social media channels or contact us at southasia@actuaries.org.uk.