Why join the risk Lab
Student who join the risk lab:
- learn how to conduct academic research and can closely work together with experts in the field;
- will meet experts from academia and the industry;
- will become experts in one of the actuarial subdomains;
- may obtain funding to present their research work on Actuarial conferences and workshops;
- obtain visibility with their work on our website.
Best Research Project Award
Each year a prize will be awarded for the best research project.
The application for the IRisk Lab Spring 2019 semester is now open.
To apply, please fill in the following application form: https://surveys.illinois.edu/sec/7608408
The deadline for submitting an application is Sunday, January 6, 2019, 11:59 pm. Decisions about project teams will be made just prior to the start of the spring semester.
Research Project Expectations
Students are required to register for course credit:
- Undergraduate Students: ASRM 390
- Graduate Students: ASRM 490
(3 or 4 credit hours) and should commit 10 to 15 hours/week on their project. The projects are one semester projects and can be extended to two semesters if necessary. If this happens, students should register for the same course for the second semester.
Students will work in small teams under the mentorship of a faculty member. The size and composition of the team can vary between different projects.
The final report will be posted on this website.
The minimum requirement for participation in the IRisk Lab is completion of Math 241 (Calculus III) with a grade of B or better. Each project will have his own extra requirements.
Once a project is accepted, the IRisk Lab will assemble a team. It is expected that the team holds weekly meetings and works in collaboration wit the mentor. The mentor will assist them during the research projects. The mentor will meet usually every few weeks (at least monthly).
The goal of the research projects is:
- To work in close collaboration with the other team members,
- To solve problems together by reading documents and asking questions to each other,
- To communicate results, by writing a final report and presenting the results to the other research groups.
Research Project Requirements
The research group is expected to have regular reports, describing the progress of the project and the future steps. This should be delivered to the mentor.
At the end of the Project, each Research Project should have a final report:
- Describing methodology and results,
- The report should be original, no plagiarism is allowed,
- The report should be well written and clear to a general actuarial audience,
- Each group has to submit one report.
In addition to research activity, IRisk Lab members are encouraged to participate in Seminar activities.