Spencer Educational Foundation Board Vice President Marya J. Propis announced the Temple University risk management student team as the winners of the Spencer-RIMS Risk Management Challenge at the Foundation reception on April 11. The team, composed of four risk management students, delivered the award-winning risk management presentation in front of industry leaders at RIMS 2016 Annual Conference & Exhibition in San Diego.
The annual challenge started three months ago with 21 universities that were each presented with a risk management case study. The teams developed solutions to their case studies, and eight of the teams—Appalachian State University, Butler University, Florida State University, Illinois State University, St. Joseph's University, St. Mary's University, Temple University and the University of Georgia—were selected to attend RIMS 2016. During the conference, the group of eight was narrowed to three, and those finalists presented one last time in front of panel of risk professionals at the conference. This year’s Risk Management Challenge risk case-study was provided by Lego.
Members of the Temple University winning team, with academic adviser R.B. Drennan, are Andrew Donchez, Carolyn Murset, Sean Preis and Zilong Zhao. The team received $4,000 for its first-place victory. A risk management student team from Temple University also won the Challenge in 2014.
Florida State University’s team took second place, receiving $3,000, followed by the team from Butler University in third place, which received $2,000.
“All of the students who took part in the Spencer-RIMS Risk Challenge are winners,” said Ron Davis, the newly elected chair of the Spencer Educational Foundation. “Each university team was prepared, smart and successfully delivered innovative risk management solutions for a very complex situation. It is truly rewarding to see them have the opportunity to shine during this competition and validates the critical work we do to support tomorrow’s risk management professionals.”
“This competition reinforces that the risk management profession’s future is bright,” said RIMS CEO Mary Roth. “The Rising Risk Professional demographic of RIMS members continues to grow, and their contributions and professional needs have directly influenced the resources and opportunities the Society delivers. We are so proud to be able to introduce these students to the energy and excitement of a RIMS Annual Conference and congratulate all of them for participating in the Challenge.”
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Rosalie Donlon
Rosalie Donlon is the editor in chief of ALM's insurance and tax publications, including NU Property & Casualty magazine and NU PropertyCasualty360.com. You can contact her at [email protected].
