Students from St. Joseph’s University, Temple University and the University of Southern California to compete for cash prizes.

MINNEAPOLIS ─ FEB. 25, 2021 ─ The Captive Insurance Companies Association (CICA) today announced the three finalist teams in its “Using Captive Insurance to Better Manage Risk, Improve Your Bottom Line” essay contest for college risk management and insurance students, sponsored by Strategic Risk Solutions.

The three finalist teams are:

  • Ashley Martin and Maxwell Bernstein, Saint Joseph’s University – College Student Housing
  • Joseph Simmons and Jake Smedley, Temple University – Classic Auto Sales and Collision Centers
  • Natalie Kojababian and Terra-Lynn Tokiwa, University of Southern California – College Student Housing

For the CICA Essay Contest, two-person teams were asked to describe how and why a captive insurance company could be used as a cost-effective means of alternative risk financing. The three finalist teams will now work with a mentor from Strategic Risk Solutions to revise and enhance their essays, which will be judged again to determine first, second and third place.

CICA received entries from students studying accounting, business administration, finance, insurance and risk management. “Our industry draws on skills from many disciplines and the contest helps students see how their skills can be applied to solving risk management challenges with captive insurance solutions,” CICA President Dan Towle said.

Finalist teams will present their essays, and winners will be announced, at an upcoming CICA webinar hosted by contest sponsor Strategic Risk Solutions. “Normally the students present at the CICA Conference and we want to continue providing the opportunity for them to showcase their talent and creative ideas by having them present on a webinar,” Towle explained. The final essays will also be published by CICA’s Essay Contest media partner, Captive Insurance Times.

Webinar details will be announced soon. More information on CICA’s Essay Contest can be found on the website.