2018 SOA Workable Innovations for Living Longer Contest

The Society of Actuaries (SOA) has long recognized that the actuarial profession could play a key role in helping public stakeholders (general public, policy makers, and regulators) understand the drivers of changing longevity. However, ideas on improving longevity and mortality can come from all types of professions. This led the SOA Longevity Advisory Group and SOA Research Department to hold a Workable Innovations for Living Longer (WILL) Contest, which allows for individuals or teams (actuarial and non-actuarial) to submit an idea that will help people extend their healthy life expectancy by social, physical, and/or psychological methods.

Podcast

Research Insights - 2018 SOA Workable Innovations for Living Longer Contest


About the WILL Contest

Whether you are an individual with an idea, or a team with unlimited members, the contest is meant to inspire creative ideas and solutions to extend healthy life expectancies. There are only two limitations on what ideas can be submitted: 1) it must be something that can be practically used or performed to help people achieve a longer life expectancy, and 2) it must be a new idea (see the official rules for more information).

Submissions will be in the form of an up to two-minute video “pitch” and a written explanation (no more than 1,000 words) of the idea from the individual/team. The video (or YouTube hyperlink) and written explanation must be submitted to Karen M. Williams at kmwilliams@soa.org no later than May 31, 2018.

Entries will be judged based on the following criteria:

  • Originality: Extent to which the idea is different than what is currently available or known;
  • Practicality: Extent to which the idea can be practically applied;
  • Clarity of Pitch: Clarity of the presentation of the idea; and
  • Impact of the Idea: Magnitude of the effect and the number of individuals benefitting from the improvement generated by the idea.

Finals to Be Held at the 2018 SOA Annual Meeting & Exhibit in Nashville, Tenn., October 2018

After an initial round of interviews with select entrants, up to 5 finalists will be notified by July 31, 2018. All finalists (individual or one individual per team) will receive round trip airfare, one night of hotel accommodations at the Omni Nashville, and complimentary one-day registration for the 2018 SOA Annual Meeting & Exhibit in Nashville on October 15, 2018. The finalists will make a live presentation of their ideas at a session at this meeting, where votes from the judges and audience will determine the winners.

The Grand Prize is $10,000, with Second Place Winner receiving $5,000, and Third Place Winner receiving $1,000.

Read the official rules of the 2018 SOA Workable Innovations for Living Longer (WILL) Contest and send submissions by May 31, 2018. Any questions or clarifications on these rules should be directed to the SOA via email to kmwilliams@soa.org.