Emerging Leaders
Competitions for Students of Insurance and Risk Management
A look at some of the industry-sponsored challenges available to insurance and risk management college and graduate school students.
CICA Student Essay Contest
Sponsor: Strategic Risk Solutions
https://www.cicaworld.com/cica-announces-topics-for-student-essay-contest-captive-insurance-solutions-for-todays-risk-management-challenges/
Description/Challenge: Two-person teams of college risk management, insurance and business students use a case study to demonstrate how to establish a captive insurance company, select policy options, determine underwriting and pricing, and more.
HSBC Life Insurance Innovation Challenge
Sponsor: HSBC
https://www.coursehero.com/file/77962674/HSBC-Life-Innovation-Insurance-Competition-2020-2021pdf/
Description/Challenge: Teams propose ways that HSBC Life could implement changes to its organization, process, life insurance products and services. Total HK$110,000 (US$14,146) in cash prizes and a six-month student work placement at HSBC Life for qualified winners.
Insurance Law Writing Competition
Sponsor: American College of Coverage Counsel
https://www.americancollegecoverage.org/index.php
Description/Challenge: Students of insurance law choose a client from parties in a legal case and submit an analytical response. Cash prize.
Intercollegiate Insurance Sales Challenge
Legacy Sponsor: BKS Partners
https://business.fsu.edu/departments/rmi/dr-hold-program/events/insurance-sales-challenge
Description/Challenge: Students outline how they can better serve the needs of a business owner and “close the deal,” after reading a case study that details issues the owner is having with their current agent.
PRMIA Risk Management Challenge
Global Sponsor: MathWorks
www.prmia.org/prmia-risk-management-challenge
Description/Challenge: Undergraduate and graduate students apply concepts they have learned and showcase knowledge, critical thinking skills, leadership and presentation abilities while competing for a $10,000 cash award.
The Riskies
Sponsors: Georgia State University Risk Management Foundation and the Department of Risk Management &Insurance in the J. Mack Robinson College of Business at Georgia State University. Students of the Year sponsored by AssuranceAmerica.
https://robinson.gsu.edu/academic-departments/risk-management-and-insurance/the-riskies-awards/
Description/Challenge: Riskies recognize active or retired business executives who have demonstrated a career of high achievement and service to the insurance, risk management or related industry and whose achievements and service align with the vision of the Robinson College Department of Risk Management &Insurance. Students of the Year are selected by leaders of four major programs in the Risk Management &Insurance Department. Each award includes a $2,500 scholarship.
Selective's College Competition (formerly known as College Agency Management Competition)
Sponsor: Selective
https://www.prisim.com/about/competitions/prisim-agency-management-competition/
Description/Challenge: Teams from eight top colleges with insurance programs compete in a business simulation in which they function as the management team running an insurance agency.
SOA Student Research Case Study Challenge
Sponsor: Society of Actuaries
https://www.soa.org/research/opportunities/2021-student-case-study/
Description/Challenge: Teams develop a parametric insurance product that will focus on economic losses related to global health risks in two fictional countries.
Spencer-RIMS Risk Management Challenge
Sponsor: Spencer, RIMS
www.rims.org/community/students/spencer-rm-challenge
Description/Challenge: University teams develop and present a comprehensive risk management program based on a case study.
