WPI Actuarial Team Winners of the Annual Travelers Case Competition in Hartford, CT
The WPI team of Emily Chen (first-year MAC), John McGinn (junior MAC), and Rob Wondolowski (first-year MAC) turned in an awesome performance and walked away the winners in the Annual Travelers Case Competition in Hartford, CT on Friday, March 3, 2017.
Teams from five universities (Bentley, Bryant, Temple, UConn, and WPI) were given five hours to tackle a problem that involved choosing an investment policy for the company, using VaR and TVaR measurements to set appropriate surplus levels for various lines of business, setting prices for those lines that would balance the competing needs of profitability versus maintaining their customer base, and then running those choices through a simulation that produced financial results. At the end of the day, each team made a 15 minute presentation of their findings in front of an audience of 100 people, and responded to questions from a panel of Travelers' senior management about their work. Our students turned in a great performance on this demanding, but ultimately fun, day!
We're looking forward to success in next year's event!