By Lynne McChristian, I.I.I. Non-resident researchers and media spokesman
The first picture of my presentation to a group of college students on Valentine's Day last week was a picture of an "I Love Insurance" button. Designed foresight to get such buttons for everyone, Plan B involved with heart shaped chocolate. It fits in a way that many of us in this profession would understand, as insurance pathways are often a Plan B. Many universities are interested in helping students make a career in insurance their A-Game Plan, and that's exactly the type of student group I met last week at the Gies College of Business at the University of Illinois in Urbana-Champaign (UIUC).
More than 20 students attend this semester at the University of Illinois & # 39; AXIS Risk Management Academy. In a partnership with global special insurance company / reinsurance company AXIS Global Holdings, the UIUC established the academy to interest students from different disciplines in the many career paths that exist in the insurance industry. Students in this year's academy study actuarial science, mathematics and economics, economic planning and atmospheric knowledge. Bringing professionals into their meetings to discuss jobs and career paths helps them see the opportunities and it shows how someone with a certain degree outside insurance and risk management can put these skills in the insurance area.
I typically start a presentation for insurance beginners with negative perceptions of the industry. It's the "elephant in the room" that needs to get out of the way. Using pictures from various natural disasters, I talk about what happened, which was affected, how much it cost, what we learned ̵
Insurance is personal, and it is a theme that resonates with Gen Z. How can I know? It is not deep research on my part, but when the students come up with a presentation with glowing light in the eyes that shows that you have their interest? That's proof enough.
Lynne McChristian is the director of the Office of Risk Management & Insurance Research at the University of Illinois in Urbana-Champaign, where she is also a senior instructor education insurance and corporate risk management course .