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Actuarial AI Hackathon 2027 — Mumbai

Registrations Open

Actuarial problem-solving meets data and AI.

Date
Saturday, 27 February 2027
Time
10:00 AM – 6:00 PM
Venue
Actuators Educational Institute — Mumbai
Team
4 Student Members + 1 Mentor
Register for Mumbai About the Hackathon

Mumbai Venue

Actuators Educational Institute — Mumbai

S140, 2nd Floor, Moongipa ArcadeGanesh Chowk, Shanti NagarD.N. Nagar, Andheri WestMaharashtra – 400053
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Countdown to Mumbai

Saturday, 27 February 2027

Limited to 10–12 teams per city

4 Students + 1 Mentor10–12 Teams per CityFive Challenge StatementsReal-World DataExpert Judging10:00 AM – 6:00 PM

Step by step

How the Hackathon Works

1

Register

Join individually or register as a group of four students.

2

Mentor Allocation

Each team is allotted a mentor by lottery on the event day.

3

Challenge Release

Five actuarial problem statements and supporting datasets are released at 10:35 AM.

4

Choose One Challenge

Each team selects one problem statement. The choice is locked at 11:30 AM.

5

Build

Teams model, validate, analyse and develop their solution.

6

Submit

Submission closes at 3:45 PM sharp.

7

Pitch

Teams present their work before an expert judging panel.

8

Results & Awards

Winners are announced before the event closes.

Who Can Participate?

Open to AEI Students and Non-AEI Students

Actuarial science students and aspiring actuarial professionals may register, subject to organiser eligibility requirements.

Team Format

4 Student Members+1 Mentor

Compete as a team of four students, supported by an actuarial mentor allotted on the day.

Limited to 10–12 teams per city

On the day

Five Challenge Statements

Five actuarial challenge statements will be released on the day.

PricingClaimsPersistencyReservingOpen Analytics

Statements and supporting datasets are released at 10:35 AM. Each team chooses one statement, and that choice is locked at 11:30 AM.

What Your Team Must Submit

Model File

Your working Excel, R or Python model.

Assumptions & Limitations Sheet

A concise one-page summary of assumptions, validation and limitations.

Five-Slide Presentation

A focused presentation summarising the approach, results and commercial implications.

3:45 PM — HARD CODE FREEZE / SUBMISSION DEADLINE

All model files, the one-page assumptions and limitations sheet, and the five-slide presentation must be submitted by 3:45 PM.

No submissions are accepted after the deadline.

What Your Team Must Bring

  • Own internet connection — mobile hotspot or dongle
  • Minimum two laptops per team
  • Fully charged laptops
  • Laptop chargers
  • One 3-pin extension board with at least four sockets
  • Required software pre-installed — Excel, and R / Python if your team intends to use them
  • College ID card
  • Notebook and pen

Venue Wi-Fi will not be provided. Connectivity is each team's responsibility.

The complete dataset will also be provided on a pen drive, allowing teams to work offline if required.

What We Provide

  • Problem statement and dataset
  • Dataset and data resources released on event day
  • Team table and seating
  • One live power socket per team
  • Working lunch
  • Two tea rounds
  • Mentor allocation
  • Three mentor interaction windows
  • Projector and presentation console
  • Team kit
  • Participation certificates

Mentorship Without Taking Over

Mentors are there to challenge assumptions, ask the right questions and help teams think more clearly — not to build the solution for them.

A mentor may

  • Ask questions
  • Identify a relevant method or reference
  • Flag a wrong direction
  • Challenge assumptions
  • Test the team's reasoning

A mentor may not

  • Operate a laptop or device
  • Write code
  • Write Excel formulas
  • Write slide content
  • Write the assumptions sheet
  • Make the final model choice for the team

Mentor allocation takes place by lottery on the day.

11:45 AM

Mentor Window 1

20 minutes

1:45 PM

Mentor Window 2

20 minutes

3:15 PM

Mentor Window 3

20 minutes

Event flow

Your Hackathon Day

10:00 AM – 6:00 PM · one full day of actuarial problem-solving.

  1. 10:00 AMRegistration
  2. 10:20 AMOpening & Rules
  3. 10:35 AMProblem Statements & Data Released
  4. 10:45 AMChallenge Statement Walkthrough
  5. 11:05 AMBuild Begins
  6. 11:30 AMChallenge Choice Locked
  7. 11:45 AMMentor Window 1
  8. 1:00 PMWorking Lunch
  9. 1:45 PMMentor Window 2
  10. 3:00 PMTea Break
  11. 3:15 PMMentor Window 3
  12. 3:45 PMHard Code Freeze / Submission Deadline
  13. 4:00 PMTea Break
  14. 4:30 PMTeam Presentations
  15. 5:40 PMJudges' Huddle
  16. 5:50 PMResults & Prizes
  17. 6:00 PMClose & Group Photograph

Four Members. Four Clear Responsibilities.

Role 1

Data & Modelling Lead

Data cleaning, exposure handling and model development.

Role 2

Assumptions & Validation Lead

Assumptions sheet, sanity checks, validation and limitations.

Role 3

Pricing & Commercial Lead

Pricing interpretation, loadings, margins and commercial relevance.

Role 4

Presentation Lead

Five-slide deck, narrative, timing and backup presentation file.

Team members may help one another, but each member must demonstrate ownership of their role.

The Final Pitch

Every team presents its actuarial solution to the judging panel.

4-minute presentation

Judge Q&A

Approximately 6 minutes per team including Q&A for a ten-team format.

If the team count reaches 12, presentation slots may be adjusted operationally.

How Teams Will Be Judged

30

Marks

Technical Soundness

25

Marks

Assumptions & Limitations

20

Marks

Model Accuracy / Validation

15

Marks

Commercial Judgement

5

Marks

Communication

5

Marks

Team Ownership

Total: 100 Marks

Solutions will be evaluated by a three-member judging panel representing actuarial expertise, industry/commercial judgement and academic rigour.

Awards & Recognition

₹1,00,000+Total prize pool

Winner

The team with the strongest overall actuarial solution.

Runner-up

The next strongest overall solution on the judging rubric.

Best Assumptions Sheet

The clearest, best-validated statement of assumptions and limitations.

Best-in-Statement recognition may be awarded where a challenge track has sufficient participation.

Competition Rules

  1. 1Teams work on one challenge only.
  2. 2Challenge selection is locked at 11:30 AM.
  3. 3Excel, R and Python are all permitted.
  4. 4AI tools are permitted but must be declared.
  5. 5External data must be public and cited.
  6. 6Teams are responsible for their own internet connectivity.
  7. 7Submission closes at 3:45 PM sharp.
  8. 8Every student member must participate in the final pitch.
  9. 9Judges may direct questions to specific team members.
  10. 10Mentors may guide but may not operate any device or author the submission.

Frequently Asked Questions

Who can participate?

Actuarial science students and aspiring actuarial professionals may register subject to organiser eligibility requirements.

Can I register individually?

Yes. Individual registrants may be combined into teams by the organisers.

How many people are in one team?

Each competition team consists of four students and one mentor.

Do we bring our own mentor?

No. Mentors are allotted by lottery on the event day.

Can we choose the challenge in advance?

No. Five challenge statements are released during the event.

Can we use ChatGPT or other AI tools?

Yes. AI tools are permitted, but their use must be declared in the assumptions sheet.

Do we need Python or R?

No. Excel is equally acceptable. Teams are judged on actuarial reasoning rather than the sophistication of their software.

Will Wi-Fi be provided?

No. Teams must bring their own internet connection, such as a mobile hotspot or dongle.

What happens if our internet fails?

The datasets are also supplied offline. Connectivity issues do not automatically extend the submission deadline.

How many laptops should we bring?

At least two laptops per team are recommended.

When does submission close?

3:45 PM sharp.

What must we submit?

A model file, one-page assumptions and limitations sheet, and five-slide presentation.

When are presentations?

Presentations begin at approximately 4:30 PM.

CA FRM Praveen Patwari

With Praveen Sir

CA FRM Praveen Patwari

Founder · Mentor · Educator

Bringing together actuarial thinking and AI to solve real-world problems.

Mentors & Judges

Solutions will be evaluated by a three-member judging panel representing actuarial expertise, industry/commercial judgement and academic rigour.

CA FRM Praveen Patwari

Founder · Mentor · Educator

Actuators Educational Institute

Bringing together actuarial thinking and AI to solve real-world problems.

The judging panel and further mentors will be announced.

Mumbai · Registration Open

Mumbai Registration Fees

Team registrations (4 members, one payment) get 20% off the category fee.

Select Mumbai, your fee category and Individual or Team of 4 in the registration form. If the form or payment page shows a different fee, contact iac@actuatorseducation.com before paying.

Also explore the Delhi Hackathon