Olivia Faulkner and Zane Smith proposed a Group Captive to help restaurant franchisees manage risks and expenses.

RANCHO MIRAGE – Calif. MARCH 6, 2023 ─ Saint Mary’s University seniors Olivia Faulkner and Zane Smith received first-place honors and a $2,500 prize in the 2022-2023 Captive Insurance Companies Association (CICA) College Student Essay Contest Captive Insurance Solutions for Today’s Risk Management Challenges. The contest for college insurance and risk management students is sponsored by Hylant Global Captive Solutions (Hylant GCS). The winner was announced today during the opening session of the CICA 2023 International Conference at the Westin Rancho Mirage Resort & Spa.

Second place went to Carter Cappon and Chase Mendham of Olivet College with a $1,500 prize and third place to Ting-Wei Liu and Nachapol Charamornburapong, Temple University with a $1,000 prize.

“It is great to see the students bring their creativity and problem-solving to real-world situations while also getting a taste of what it might be like to work in the captive insurance industry. Once they dig into their case studies, they learn captive insurance is a growing industry that provides challenging problems and opportunities to create innovative solutions,” says CICA President Dan Towle.

Anne Marie Towle, CEO for essay contest sponsor Hylant Global Captive Solutions says “It is wonderful to be able to give these talented students an opportunity to see how their education and skills could be used in the captive insurance industry. We hope they see the tremendous opportunities and different strategic and operational career paths that are available in captive insurance.”

In addition to cash prizes, the students will present their essays during an education session at the CICA Conference and have them published by CICA Essay Contest Media Partner Captive Insurance Times.