The Captive Insurance Companies Association (CICA) has revealed the three final teams in its Captive Insurance Solutions for Today’s Risk Management Challenges college student essay contest.
The three finalists are Harrison White and Bailey Sims from Butler University, Brian Dunn and Rose Gendy for Middle Tennessee State University, and Gracie Law and Sofia Davis from Temple University.
For the essay contest, two-person teams were asked to describe how and why a captive could be used as a cost-effective means of alternative risk financing for new and growing risk challenges.
“Each year it’s wonderful to see the sparks our essay contest ignites,” said CICA President, Dan Towle.
“Students consistently tell us that participating helped them see how innovative and challenging the captive insurance industry is.
“We give them an inside view and they are seeing first-hand the increasing opportunities for using captive insurance and for careers that grow with the industry.”
The three finalist teams will now work with mentors from Hylant to revise and enhance their essays, which will then be judged again to determine first, second and third place.
The winners will be announced at the Monday morning general session during the CICA conference in March.
The finalists will also present their case studies during a session at the conference.
“The captive industry is growing rapidly,” said Anne Mare Towle, CEO global risk & captive solutions at Hylant, and essay contest sponsor.
“We need to engage more students by showing them the diversity of skills and creativity required to create captive insurance solutions for today’s risk management challenges.”