The Thomas Bond Sprague Prize is a prize awarded annually to the student or students showing the greatest distinction in

actuarial science Actuarial science is the discipline that applies mathematics, mathematical and statistics, statistical methods to Risk assessment, assess risk in insurance, pension, finance, investment and other industries and professions. Actuary, Actuaries a ...

finance Finance refers to monetary resources and to the study and Academic discipline, discipline of money, currency, assets and Liability (financial accounting), liabilities. As a subject of study, is a field of Business administration, Business Admin ...

insurance Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. It is a form of risk management, primarily used to protect ...

, mathematics of operational research,

probability Probability is a branch of mathematics and statistics concerning events and numerical descriptions of how likely they are to occur. The probability of an event is a number between 0 and 1; the larger the probability, the more likely an e ...

risk In simple terms, risk is the possibility of something bad happening. Risk involves uncertainty about the effects/implications of an activity with respect to something that humans value (such as health, well-being, wealth, property or the environ ...

and

statistics Statistics (from German language, German: ', "description of a State (polity), state, a country") is the discipline that concerns the collection, organization, analysis, interpretation, and presentation of data. In applying statistics to a s ...

in the Master of Mathematics/Master of Advanced Studies examinations of the

University of Cambridge The University of Cambridge is a Public university, public collegiate university, collegiate research university in Cambridge, England. Founded in 1209, the University of Cambridge is the List of oldest universities in continuous operation, wo ...

, also known as Part III of the Mathematical Tripos. The prize is named after Thomas Bond Sprague, the only person to have been president of both the

Institute of Actuaries The Institute of Actuaries was one of the two professional bodies which represented actuaries in the United Kingdom. The institute was based in England, while the other body, the Faculty of Actuaries, was based in Scotland. While the Institute a ...

in London and the

Faculty of Actuaries The Faculty of Actuaries in Scotland was the professional body representing actuaries in Scotland. The Faculty of Actuaries was one of two actuarial bodies in the UK, the other was the Institute of Actuaries, which was a separate body in England, ...

in Edinburgh. It is awarded by the Rollo Davidson Trust of

Churchill College, Cambridge Churchill College is a Colleges of the University of Cambridge, constituent college of the University of Cambridge in Cambridge, England. It has a primary focus on science, engineering and technology, but retains a strong interest in the arts ...

, following a donation by D. O. Forfar, MA, FFA, FRSE (alumnus of Trinity College, Cambridge), former Appointed

Actuary An actuary is a professional with advanced mathematical skills who deals with the measurement and management of risk and uncertainty. These risks can affect both sides of the balance sheet and require investment management, asset management, ...

Scottish Widows Scottish Widows Limited is a life insurance, pensions and investment company based in Edinburgh, Scotland, and is a part of Lloyds Banking Group. The company has been providing financial services to the UK market since 1815 and its product range ...

List of recipients

References

{{Mathematics in the United Kingdom Mathematical awards and prizes of the University of Cambridge Awards established in 2012 Churchill College, Cambridge 2012 establishments in England Student awards

List of recipients

See also

References