MINNEAPOLIS – SEPT. 18, 2018 – The Captive Insurance Companies Association (CICA) today announced its “Next Generation Captive Insurance Solutions for New Risk Challenges” essay contest for college risk management and insurance students, sponsored by Strategic Risk Solutions.
Essay contest winners receive cash prizes, and the opportunity to present their winning papers at the 2019 CICA International Conference in Tucson, Arizona, Mar. 10-12.
“We’ve taken two important issues, the development of the next generation of captive professionals and the need for captive insurance strategies to address emerging risks and combined them into one contest,” said CICA President Dan Towle. “By asking students to identify emerging risks and propose captive insurance solutions we are giving them the opportunity to be exposed to captive insurance and get excited about the opportunities and careers our industry offers,” Towle explained.
Brady Young, chief executive officer, Strategic Risk Solutions, said the CICA Essay Contest is a great complement for SRS’s Collegiate Captive Scholars Program. “We are excited to be part of this initiative with CICA and believe this will help the insurance industry and the captive industry in particular, raise its profile and attract new talent to replace retiring staff and support the future growth of the industry,” Young explained.
The CICA Essay Contest invites two-person teams of college risk management and insurance students to describe how and why a captive insurance company could be used as a cost-effective means of alternative risk financing for emerging risks and their corresponding loss exposures. Contest details, entry requirements and award details for the top three essays are available on the CICA website.