Students from eight university risk management teams will compete in San Francisco for the 2022 Spencer-RIMS Risk Management Challenge.
The winning team will be announced at a Spencer Educational Foundation Inc. reception on Tuesday during the Risk and Insurance Management Society Inc.’s Riskworld conference.
The eight finalists will present their strategies to a panel of risk professionals on Monday based on a case study developed by risk managers at Starbucks Corp.
Teams from Appalachian State University, Fudan University in China, Peking University in China, St. Mary’s University (Texas), University of Hartford, University of Southern California, University of Georgia and University of Wisconsin were selected to compete.
The team from Fudan and Peking University will present virtually.
At the same time, 36 students have received free registration and money for travel and accommodation to participate in Riskworld, thanks to a 2022 Anita Benedetti Student Engagement Program grant awarded by RIMS.
The program, sponsored by the Spencer Educational Foundation, draws attention to the success of outstanding undergraduate and graduate students in risk management and insurance.
Six of the 36 students who have been granted scholarships are risk management and insurance students who go to international institutions. The international group includes a student from Lingnan University in Hong Kong; three from the National Insurance Academy in India; and two from the EAFIT Universidad in Colombia.
“As business leaders around the world show greater commitment to strengthening their risk management capabilities, it is crucial that RIMS dedicates its resources to building a pipeline of talented professionals to meet these expectations,”; RIMS President Patrick Sterling said in a statement.
“The ABSIP program is crucial for students, and not only does it give them money to experience the conference, but it also creates genuine excitement on their campus about the opportunities and rewards of entering the risk management and insurance industry,” Spencer CEO Megan Miller said. .