The Department of Statistics and Actuarial Science congratulates the University of Waterloo Team, consisting of Ryan Goldford, Jasmine Sirohi, Adaijah Wilson, and Jillian Zhu Ge, for winning the 2019 Munich Re Cup. The Munich Re Cup is the premier actuarial case competition open to students in Canada and the United States. Competing teams present their work on a real-world business problem requiring significant technical analysis and high-level business decision making to a panel of Munich Re executives. The 2019 competition examined the very timely problem of IFRS 17 implementation. We are very proud of the Waterloo team for placing first and winning the $20,000 grand prize!