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Students compete in Spencer-RIMS Risk Management Challenge


Students from eight university risk management teams will be competing in San Francisco for the 2022 Spencer-RIMS Risk Management Challenge top honor.

The winning team will be announced at a Spencer Educational Foundation Inc. reception Tuesday during the Risk and Insurance Management Society Inc.’s Riskworld conference.

The eight finalists will present their strategies in front of a panel of risk professionals Monday based on a case study developed by risk executives 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 chosen to compete.

The teams from Fudan and Peking universities will be presenting virtually.

Meanwhile, 36 students have received complimentary registration and funds for travel and accommodations to attend Riskworld, thanks to a 2022 Anita Benedetti Student Involvement Program grant awarded by RIMS.

The program, sponsored by the Spencer Educational Foundation, recognizes the achievements of outstanding undergraduate and graduate risk management and insurance students.

Six of the 36 students awarded grants are risk management and insurance undergraduates attending international institutions. The international group includes one student from Lingnan University in Hong Kong; three from the National Insurance Academy in India; and two from Universidad EAFIT in Colombia.

“As business leaders around the world demonstrate a greater commitment to strengthening their risk management capabilities, it is critical that RIMS commits its resources to building a pipeline of talented professionals to meet those expectations,” RIMS President Patrick Sterling said in a statement.

“The ABSIP program is pivotal for students, not only providing them with the funds to experience the conference, but it also creates genuine excitement on their campuses about the opportunities and rewards of entering into the risk management and insurance industries,” Spencer Executive Director Megan Miller said.