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A 10-member delegation representing the SSSIHL Center of Excellence in Actuarial Data Science participated in The IFoA India Conference 2024, held from 29 November to 1 December in New Delhi. Centered around the theme ‘Actuaries of the Future’, the landmark event brought together over 500 participants, including CXOs, CEOs, senior actuaries, university leaders, actuarial professionals, and students from India, the UK, Sri Lanka, Nepal, and other South Asian countries.

The highlight of the conference was the Actuarial Innovation Challenge 2024, where the SSSIHL Actuarial Alchemist team emerged as the winner among 10 finalists selected from over 157 teams. The team, comprising Anand Sai Gosikonda, Eshwar Sai AK, and Sai Chetan Kuncham, wowed the audience with their innovative product, Micro Business Resilience Insurance, designed to safeguard small businesses against unforeseen risks.

The three-day event opened with an inspiring keynote by Dr. Arvind Virmani, Member of NITI Aayog, and featured 15 specialized workshops exploring critical topics such as Explainable AI, climate risk, IFRS 17, and actuarial leadership in the financial sector.

On 30 November 2024, Karol Gawłowski (Chair, Actuarial Data Science at IFoA), Satya Sai Mudigonda (Visiting Faculty and Coordinator, SSSIHL Center of Excellence in Actuarial Data Science), and Dr. Rohan Yashraj Gupta (SSSIHL Alumnus and qualified GI Actuary) delivered an engaging session on Explainable AI (XAI). Karol offered an insightful deep dive into SHAP techniques, while Satya Sai Mudigonda and Rohan showcased practical applications of XAI through their case study, Ayushman Bharat Pricing and Fraud Detection Models.

Adding to the institute’s proud moments, SSSIHL alumnus Sankar Krishna was awarded his Associateship Certificate at the conference.

The delegation also leveraged networking opportunities to engage in meaningful discussions with the Presidents of IAI and IFoA, as well as actuarial educators and industry leaders from organizations such as Swiss Re, Accenture, Chubb, and IRDAI. These interactions paved the way for exploring the future of actuarial education and industry best practices.

We extend our appreciation to the IFoA India team for organizing this transformative conference that brought together the best minds to shape the future of the actuarial profession.

Sri Sathya Sai Institute of Higher Learning (SSSIHL) is proud to announce the outstanding achievements of our Actuarial Science students and alumni. Over 31 students have successfully cleared professional actuarial examinations conducted by some of the world’s most esteemed actuarial organizations:

• Institute and Faculty of Actuaries (IFoA), UK
• Casualty Actuarial Society (CAS), USA
• Society of Actuaries (SOA), USA

These achievements underscore the students’ exceptional hard work, dedication, and commitment to academic excellence. SSSIHL also extends heartfelt appreciation to the faculty members for their invaluable guidance and unwavering support, which have played a pivotal role in shaping the success of these students.

We congratulate each of these achievers for setting remarkable benchmarks in their pursuit of professional excellence and extend our best wishes for a bright and successful future as they continue to shine in their actuarial careers.

SOA / CAS – (Exam FM)

• Ram Sai Deep V
• G S G S S Datta Maharaj
• Sai Shanmukha V
• Jay Singh
• Aditya Mishra
• Arihant
• Dheeraj Tata
• Prabhat Sai
• Kshamatmika Ram G
• Sai Sripad Varanasi

SOA / CAS – (Exam P)

• Eshwar Sai AK
• Anand Sai Gosikonda
• Mukund Bharadwaj
• Hemanth Kumar Gorthipalli
• Sai Hrudhay Gubba
• Gummadila Tharakeswar
• Virat K
• Sai Chetan Kuncham
• Prem Sai M
• SURYA A
• Sumukha Sreenidhi
• Lalith Aditya K
• Sai Krishna Pidduru

CAS – (Exam MAS II)

• Sai Kartheek Cherukuri
• Saiprasanna Gurumoorthy
• Swayam Kumar Patro
• Kasyap KVS

IFoA

• Rohan Yashraj Gupta, Qualified Actuary – Alumni of SSSIHL
• Shivanee Mudigonda – Qualified Actuary, Alumni of Smt. Eswaramma High School
• Divya Kartheeka Masina – Associate Actuary, Alumni of SSSIHL
• Mahadev Suresh – Associate Actuary, Alumni of SSSIHL

Four students from the Actuarial stream (UG and PG) at SSSIHL participated in the 2024 CAS Student Central Mentor-led Summer Program. They were part of the 10-member team representing Panel 1: Cohort 5, which emerged victorious in this year’s international Case Competition, which was conducted as part of the program. Their team was one of the five winning teams globally.

Congratulations to all participants of the winning teams for their outstanding achievements. A special mention goes to our SSSIHL team for making us proud:

• Arunachala Mudigonda – BS ADS – I UG
• Manan Luthra – MSc Mathematics (Actuarial Stream) – II PG
• Pranavchandra Vivekananda – BSc MES (Actuarial Stream) – III UG
• Sai Kartheek Cherukuri – MSc Mathematics (Actuarial Stream) – II PG

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These students excelled in analyzing a complex real-world business problem and presented their findings to senior actuaries in the USA, who judged their team as one of the top five winners internationally. Each team will receive a $500 gift card as a winning prize from the CAS.

The CAS Student Central Summer Program is an eight-week interactive professional and educational experience offered by the Casualty Actuarial Society. During these 8 weeks, participants will complete modules on Property and Casualty Basics, Excel, Data Visualization, Ratemaking, Reserving, Predictive Modeling, Soft Skills, and a Property and Casualty Case Competition. The program is designed and taught by practicing actuaries who are experts in the field of property and casualty insurance.

Once again, congratulations to our students for their exemplary performance and for bringing pride to SSSIHL.