• MiWay has announced that its 2023 Actuarial Hackathon is now accepting applications.
• The week-long Hackathon will be held at the insurer’s Centurion offices, starting on 3rd July.
• The closing date for applications is 28th May, with a grand prize of R20k up for grabs.

MiWay has announced that it’s on the lookout for actuaries, with the local insurer planning to use an upcoming hackathon in order to do so.

Entries for the 2023 Actuarial Hackathon close on 28th May, with MiWay set to host candidates at its head offices in Centurion.

“In a bid to identify top industry talent and quench a 3-year post pandemic thirst for a challenge, MiWay has announced its 2023 Actuarial Hackathon – a one-week ‘modelling marathon’ that will test candidates’ ability to build a financially viable pricing model,” the company explained in a press release sent to Hypertext.

“The Hackathon is not only a chance for aspiring actuarial professionals to be recognised for their abilities but is also the best way to be introduced to the prospects that the insurance industry has in store for hard-working individuals. The MiWay Actuarial Hackathon is also an innovative way of scouting the talent pool for employment opportunities,” added Christiaan Marais, head of Actuarial at MiWay.

The Hackathon will take place from 3rd to 7th May, with it utilising a hybrid-working model and including daily check-ins with experienced actuarial team members who will provide expert advice and guidance.

Entries are open to third-year and Honours students, as well as graduates in the fields of Actuarial and Data Sciences. To enter, candidates will need to solve an actuarial puzzle, says MiWay, with the successful completion of the puzzle serving as the qualifier into the judging round of the competition, where the final entrants will be selected.

“Participants will be offered a flexible schedule and working environment, and can choose to work from MiWay’s head office or remotely. Those choosing to work remotely will need access to a computer and stable internet access,” the company confirmed.

“Ultimately, the participant with the best pricing model will win a grand prize of R20 000 in cash. The runner-up will win R6 000 and the winner of third prize will walk away with R4 000. These prizes will be awarded in a celebratory prize-giving ceremony at the culmination of the competition,” it concluded.

To find out more about the Hackathon, as well as enter, head here.

[Image – Photo by Volkan Olmez on Unsplash]