The Griffith Insurance Education Foundation, based in Columbus, Ohio, has awarded $31,700 in scholarships to 26 students at seven colleges and universities. The scholarships support students studying risk management, insurance or actuarial science.
The Griffith Foundation has promoted insurance and risk management education since 1947.
The Foundation’s own research has shown increased pressure to fill career demand in the industry. Jason Terrell, the Griffith Foundation’s director of education, cited “The Semi-Annual Insurance Labor Market Study” released by The Jacobson Group and Ward Group as another indicator that continued promotion of the field is needed to prevent talent gaps. The study contends that insurance industry employment is set to grow at the fastest rate since the recession began, with 50 percent of all insurance companies planning to increase staff during the next 12 months. The study notes that the projected surge will be driven primarily by increased business volume.
As a non-profit organization, The Griffith Foundation provides financial support, education materials and programming for insurance education at the K-12 and post-secondary level. Another area of emphasis is education for public policymakers to support informed legislative decisions.
Scholarships were awarded to students at the following institutions, all of which offer insurance-related degrees or courses:
- The Ohio State University
- Defiance College
- Bowling Green State University
- Ball State University
- Capital University
- Ohio University
- Florida State University
Source: Griffith Insurance Education Foundation
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