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Students from nine university teams have been selected to compete in Boston for the 2019 Spencer-RIMS Risk Management Challenge top honor, The Risk & Insurance Management Society Inc. said Monday.
The nine finalists were selected from 28 university teams that entered the competition, based on solutions they developed for a case study provided by Swedish furniture retailer Ikea A/S, RIMS said in a statement.
Teams from Appalachian State University, British Columbia Institute of Technology, Butler University, Florida State University, Fudan University, Saint Joseph’s University, St. Mary’s University, Temple University and the University of Georgia will present their findings at the RIMS 2019 annual conference and exhibition, held April 28 to May 1 in Boston.
The case study, provided by Robert Zhang, RIMS board director and Ikea China’s risk and compliance director, asks the university teams to identify the top five risks of integrating new physical and digital commerce opportunities for customers, RIMS said in the statement.
A panel of risk management professionals will score the teams based on their development of a risk assessment method, presentation skills, professionalism and innovation. The winner will be announced at the Spencer reception on April 30.
The Spencer Educational Foundation Inc., which supports risk management and insurance education with scholarships and grants for students, has debuted a new website and logo, the organization said Monday.