Working on a project from the field of finance and insurance industry in a group (2-5 participants) under the guidance of a project supervisor:
- Starting point is a real life problem.
- Handling the problem / Problem solving: selection or development of an appropriate financial or actuarial model, gathering the required theoretical knowledge, formulating solutions, development of theoretical solutions or selection of suitable numerical methods, implementation of the method. During the regular meetings with the supervisor, a group member should present the current state of work and plan for further action.
- Final presentation and / or final report: Each member of the group is responsible for a certain part of the project.