InvestSM, the insurance industry's premier classroom-to-career education program, has awarded $29,500 in scholarships to 22 students pursuing insurance-related degrees.
A non-profit organization, Invest works in high school and college classrooms across the U.S. to educate, train and attract the next generation of insurance professionals for an industry that will need approximately 400,000 workers in the next five years.
“Invest congratulates the students—representing 13 schools—who earned scholarships this year," says Lindsey Shank, Invest board chair and operations manager at Hull & Co. in St. Petersburg, Florida. “Students from more than 890 Invest programs across the country are better equipped to pursue careers in an agency, company or other insurance industry organization thanks to Invest. The support of our industry volunteers is appreciated and aids in our students' success."
Invest develops future insurance professionals through academic programs, online education, mentoring and scholarships. In high schools, the program offers students a business curriculum focusing on insurance, as well as the dynamics of insurance agencies and companies. At the college level, the program develops students' risk management and financial analysis skills. Throughout their Invest education, students learn about exciting and well-paying career opportunities in an industry that is rapidly evolving through technology.
“A successful Invest program is vital to the financial literacy of our young people, to the future of the independent agency system and to the insurance industry as a whole," says Bob Rusbuldt, Big “I" president & CEO. “The number one issue for a majority of agency owners is attracting new talent to their agency and the independent agency system. As baby boomers continue retiring in record numbers, the Invest program has the potential to replenish our workforce and to produce the next generation of insurance industry professionals and leaders."
Scholarship hopefuls from across the country submitted essays describing the influence of Invest on their educational plans and answered questions about a real-world insurance case study. Invest board member judges selected recipients based on the quality of their essays combined with their grade-point averages and extracurricular activities.
The 2020 scholarship winners hail from Florida, New York, California, Ohio, Connecticut and Pennsylvania.