From: Captive Insurance Times

Matia Daskalos and Vincent Palmieri of Temple University were named winners of the 2021-2022 CICA College Student Essay Contest. Captive Insurance Times talks to the three finalist teams to see how the contest helped them further their knowledge of the captive industry

Matia Daskalos and Vincent Palmieri, students of Temple University, have received first place honours in the Captive Insurance Companies Association (CICA) College Student Essay Contest, sponsored by Strategic Risk Solutions. Winning a cash prize of $2,500 for placing first, Daskalos and Palmieri proposed a group captive solution for the fictional case study of the American Cannabis Association.

The winners were announced at the annual CICA International Conference in Tucson, Arizona last month. All three finalist teams presented their case studies and answered audience questions during a conference session.

Both actuarial science majors, Daskalos and Palmieri say researching and writing their essay demonstrated the critical analysis and problem solving inherent in the development of unique and creative captive insurance programmes.

Following the CICA conference, both Daskalos and Palmieri have since received potential job offers to work directly in the captive insurance industry — demonstrating that CICA is accomplishing its aims of the essay contest to promote networking opportunities for young professionals.

Connor Thomson and Nicholas Vagnozzi of Saint Joseph’s University were awarded second place and a cash prize of $1,500 with their proposal of an association captive for the Craft Breweries Association scenario, while Katie Strohl and Blake Babec of Butler University were awarded third place and a cash prize of $1,000 for their group captive solution for the same case study.

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