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Temple University Wins 2016 Spencer-RIMS Challenge

spencer rims challenge 2016

SAN DIEGO—A team of students from Temple University won this year’s Spencer-RIMS Risk Management Challenge, concluding a three-month case-study challenge against 20 other universities. Team members Andrew Donchez, Carolyn Murset, Sean Preis and Zilong Zhao, advised by Associate Professor R.

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B. Drennan, will take home the competition’s $4,000.

This year, Lego provided a case study for teams from 21 universities to studied the risk portfolio and develop an array of proposed solutions. Eight teams were then invited to attend the RIMS 2016 Conference here in San Diego to present their findings to judges and an audience of risk professionals.

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“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.

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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.”

Second place went to Florida State University, while the team from Butler University took third. The Temple team won $4,000, FSU $3,000 and Butler $2,000 for their achievements.

Temple University Students Winners of Risk and Insurance ‘Super Bowl’

Pictured above, left to right, are RIMS Executive Director Mary Roth; Zakia Campbell, vice president, Spencer Educational Foundation and executive vice president, Willis NA; competition winners Cathleen Gabriel, Steven Costa and Martin Leicht; and Carolyn Snow, RIMS president and director of risk management for Humana Inc. Not pictured is winner William Thorsson. Photo by Joseph Zwielich

Four Temple University students are the new winners of the 2014 Spencer-RIMS Risk Management Challenge, a competition that began in January with 15 universities. Each team was presented with a risk management situation—a case study provided by Dan Kugler, the now retired risk manager for Snap-on Inc., and newly hired director of the Center of Risk Management-and Insurance at the University of Wisconsin Oshkosh. Each team was asked to make a presentation to “win” Snap-on’s broker business.

The teams submitted written papers prior to the Denver RIMS conference and the field was narrowed to nine schools. During the conference, the nine schools made oral presentations to a panel of 10 judges and three schools were named finalists: Temple University, Florida State University and Virginia Commonwealth University. Those finalists presented one last time in front of risk professionals at the conference.

The second-place winner of the challenge was Florida State University and the third-place team was Virginia Commonwealth University.

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 The first-place university received 00, second ,000 and third ,000.

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Kugler noted, “It was exciting to see a large contingent of colleges participating. This is like the Super Bowl for risk management and insurance! The RIMS conference was a great place for the students to demonstrate their abilities, and I only can see this competition growing. I was very pleased with how they analyzed Snap-on in a broad case study.”

Cathleen Gabriel, a senior from Temple University, a member of the winning team and one of 35 students who competed in the challenge said, “Looking back at my academic career, I never expected to compete and present on a national level.” She described working with teammates Martin Leicht, Steven Costa and William Thorsson as “an amazing experience in itself. I am very excited for each of our respective professional careers, especially after I have seen the work ethic and quality of each person.

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Two weeks shy of graduation, competing and winning the Spencer-RIMS Risk Management Challenge is a tremendous way to end a remarkable college career!” The team’s academic adviser was Michael McClosky.

Brion Callori, the newly-elected chairman of the Spencer Educational Foundation, said, “We are pleased to have provided RIMS with a grant to hold the risk management challenge. The competition showcased the knowledge, skills and abilities of tomorrow’s industry leaders and at the same time, provided the participants with a tremendous learning opportunity. The students from all 15 schools were well-prepared and insightful, and we congratulate Temple University on winning this distinguished competition.”

RIMS Executive Director Mary Roth said the Challenge is “an engaging way to showcase the brilliant minds of these future industry leaders.” In addition to providing students with a platform to show off their risk management talents, the competition “is also a reminder to established professionals at our conference about the importance of supporting the next generation of risk professionals.”

Finalists of the Spencer-RIMS Risk Management Challenge. Photo by Joseph Zwielich

Temple University Takes First Place in Risk Management Competition

Peggy Accordino, chairwoman of the Spencer Educational Foundation, with the winners of the 2013 VCU/Spencer RMI Challenge from Temple University (l to r): Pete Adonizio, Kyle Enderle, Gina Ross and Mike Cross

 

The next generation of risk managers took center stage when earlier this week, students from seven schools traveled to Richmond, Virginia to compete in the second annual Virginia Commonwealth University RISC/Spencer RMI Challenge. The students were given a complex risk management case study that centered around the upcoming Richmond 2015 Union Cyclist International, a world championship bicycle road racing event organized by Union Cycliste Internationale, sports cycling’s governing body.

The students, who had studied the case for six weeks prior to the competition, each gave a presentation to a panel of risk management experts who then selected the top three teams to present in front of the more than 150 industry professionals who attended VCU’s Risk and Insurance Study Center’s (RISC) Trends Conference.

Temple University’s team, which included Pete Adonizio, Mike Cross, Kyle Enderle and Gina Ross, came out on top and took home the $4,000 prize. Teams from Illinois State University and Virginia Commonwealth University (last year’s winner)  finished second and third respectively and received $3,000 and $2,000.

Other schools that competed in the challenge included Ball State University, St. John’s University,  the University of Alabama and the University of Georgia.

The competition was sponsored by the Spencer Educational Foundation, which provides scholarships for risk management and insurance students.

Students from Ball State University, Illinois State University, St. John’s University, Temple University, University of Alabama, University of Georgia and Virginia Commonwealth University, participated in this year’s challenge.