At the Spencer Educational Foundation reception, RIMS board director and director of global risk management and insurance at PayPal Inc., Laura Langone, announced St. Joseph’s University’s student team as the winners of the Spencer-RIMS Risk Management Challenge.
The team, comprised of four risk management students, competed against 23 other universities and delivered the award-winning risk management presentation in front of industry leaders at RIMS 2017 Annual Conference & Exhibition in Philadelphia, Penn.
Members of the St. Joseph’s winning team included Morgan Bui, Alyssa Cominsky, Nicholas D’Orazio and Andrew Grieco with Academic Advisor Michael Angelina.
“We are delighted to continue the Foundation’s support of Spencer-RIMS Risk Management Challenge and congratulate the team from St. Joseph’s,” said Ron Davis, the chairman of the Spencer Educational Foundation and executive vice president and head of customer management for Zurich, in a press release. “The competition showcases students’ aptitude and allows them to apply their knowledge to practical risk management situations. Each team was highly prepared, thoughtful and diligent in their analysis and presentation of the case study. The work we have seen from all the teams this week emphasizes the important work we do to support tomorrow’s risk management professionals.”
The challenge began with 23 universities three months ago, who were each presented with a risk management case-study. The teams developed solutions, and nine of the teams were selected to attend RIMS 2017. During the conference, the field was narrowed to three, and those finalists presented one last time in front of risk professionals at the conference. This year’s Risk Management Challenge risk case-study was provided by PayPal Inc.
“RIMS ability to continue the momentum and further demonstrate the value risk management can bring to an organization will one day rest on the shoulders of the students who participated in our challenge,” said RIMS CEO Mary Roth in the release. “Their enthusiasm and fresh perspective are great indicators that the profession’s future is bright.”
Holding second place in this year’s challenge was Appalachian State University, and the third place team was Butler University. The first place university received $4000, with the second place university receiving $3,000 and the third place university receiving $2,000.
Spencer Educational Foundation awards scholarships and grants in risk management and the insurance industry. Since its founding in 1979, it has awarded approximately $6 million in student and part-time master’s scholarships and $3.25 million in grants to universities, corporations and professional institutions for educational programs, internships and conferences.
RIMS is a not-for-profit organization representing more than 3,500 corporate, industrial, service, nonprofit, charitable and government entities throughout the world. RIMS has a membership of approximately 11,000 risk practitioners who are located in more than 60 countries.
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