McNeely Hall's exterior

Jared Brown and Justin Falzone

Major: Mathematics and Actuarial Science for Jared; Electrical Engineering for Justin
Topic: Created an insurance contract to help third-world farmers in Kakamega, Kenya
Faculty Mentor:

Dr. Heekyung Youn

  • Created an insurance contract to help third-world farmers in Kakamega, Kenya. The contract is based on the amount of rainfall necessary for maize to grow properly. The payout starts when rainfall falls below what’s needed, thus offsetting some of the financial burden of crop loss.
  • Presented the results at the 44th Actuarial Research Conference in Madison, Wisc. The only undergraduate students to do so.

What's next for Jared?

Jared is currently a junior and plans on securing an actuary internship in the Twin Cities. Currently, he and Justin are working on simulating rainfall data to make their project more accurate.

What's next for Justin?

Justin plans to start his career in the actuarial field after graduation, applying his research at a job in the field related to their project.

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