Illinois Risk Lab
Officially established in Fall 2018, the Illinois Risk Lab (IRisk Lab), in the Department of Mathematics at the University of Illinois at Urbana-Champaign, grew out of the Undergraduate Research Program in Risk and Actuarial Science, which was sponsored by the Society of Actuaries from 2014 to 2017. The IRisk Lab currently serves as an industry-academic collaboration hub, facilitates integration of discovery-based learning experience for students, and showcases state-of-the-art research in all areas of Risk Analysis and Advanced Analytics.
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The Beginning of the IRisk Lab
The Illinois Risk Lab grew out of the Undergraduate Research Program in Risk and Actuarial Science, which was sponsored from 2014 to 2017 by the Society of Actuaries. For many students, their undergraduate years will be their last opportunity to be exposed to true research, and to become more comfortable with the process, prior to entering the corporate or consulting workforce. Exposure to research activities can also lead to their interests in research and development careers in academia or in the financial industry. Therefore, the program was developed for our students to experience the research process, and to develop their ``out-of-the-box" thinking, project management, writing, and presentation skills.
“IRisk Lab provides a unique learning experience for students, where they are able to to exercise their creativity and analytical ability to solve challenging industry-related problems. My experience with IRisk Lab has stimulated my intellectual curiosity and opened doors to other non-traditional opportunities.”
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Please contact Tracy Parish, director of corporate and foundation relations for the College of Liberal Arts & Sciences at the University of Illinois, at email@example.com to learn more.