The second annual College Agency Management Competition kicks off Monday, Feb. 4. Hosted by InVEST® and the Big “I" Diversity Task Force, the event is designed to teach college students the basics of entrepreneurship, insurance agency management and business operations as they participate in a virtual online competition developed by PriSim, an organization that builds and delivers customized business simulations.
Eight teams made up of insurance and risk management studies students from eight different colleges and universities across the U.S. will compete by running a virtual insurance agency for four weeks. Students will be supported by their classroom professor, an insurance agent serving as a mentor, a corporate partner and a dedicated staff member from PriSim. Big “I" state associations, the Diversity Council and InVEST will also offer additional support.
At the end of February, the students' mentors and teachers will choose the top three teams based on their overall performance and business results. Each of those students will then be awarded an all-expense paid trip to the 2019 Big “I" Legislative Conference in Washington, D.C., to take place May 8-10. At the conference, the students will attend exclusive events with top insurance executives and young professionals to discuss internships and career opportunities.
The eight schools and their sponsors include:
- Howard University, Washington, D.C. (Safeco/Liberty Mutual)
- Illinois State University, Normal, Illinois (Risk Management Solutions of America)
- University of North Carolina, Charlotte, North Carolina (The Hartford)
- University of North Texas, Denton, Texas (CNA)
- Indiana State University, Bloomington, Indiana (Westfield Group)
- Appalachian State, Boone, North Carolina (Selective Insurance)
- Ohio State, Columbus, Ohio (Nationwide)
- Temple University, Philadelphia, Pennsylvania (Church Mutual)
“We are excited to have students from across the country participate in this competition," says Joe Leahy, Big “I" chairman. “Exposure to the independent agency channel and the insurance industry as a whole is so important in recruiting young talent."