Winners Announced in the College Agency Management Competition Indiana State University takes top spot in virtual business learning challenge Alexandria, VA – Mar.. 1, 2019 – Today InVE
Trang 1Winners Announced in the College Agency Management Competition
Indiana State University takes top spot in virtual business learning challenge
Alexandria, VA – Mar 1, 2019 – Today InVEST and the Big “I” Diversity Council announced Indiana State University took first place out of three winning teams in the 2nd Annual College Agency
Management Competition Winners were chosen based on business results of owning and operating a virtual insurance agency
The competition, hosted by InVEST and the Big “I” Diversity Council, was designed to teach college students the basics of entrepreneurship, insurance agency management, business operations and teamwork through a virtual online competition developed by PriSim War Games
During the past month, students input their agency’s business decisions into PriSim’s agency
management platform taking responsibility for strategy, carrier and customer management, source
management, staffing, sales and financial statements
Professors, insurance agents, a corporate partner and a Prism staff member mentored each team
throughout the competition to help them understand real-world issues such as how to read a profit and loss statement, the impacts of staffing, market segmentation and more
Thanks to funding provided by participating Big “I” Diversity Council company sponsors, the winners will receive a trip to the Big “I” Legislative Conference May 8-10, 2019 The conference will give the students the opportunity to connect with executives from top insurance agencies and companies for possible internships and jobs
The eight participating schools and corporate sponsors included:
• Appalachian State—Boone, NC with Selective Insurance
• Howard University — Washington, D.C with Safeco/Liberty Mutual
• Illinois State University – Normal, IL with Risk Management Solutions of America
• Indiana State University – Terre Haute, IN with Westfield Group
• Ohio State University – Columbus, OH with Nationwide
• Temple University – Philadelphia, PA with Church Mutual
• University of North Carolina – Charlotte, NC with The Hartford
• University of North Texas – Denton, TX with CNA
“Congratulations to all of the teams that participated in the competition,” said Bob Rusbuldt, president & CEO of the Independent Insurance Agents & Brokers of America “I’m sure each student learned
something valuable about what it takes to own and operate a small business We look forward to hosting the top three teams at the Big ‘I’ Legislative Conference.”
Founded in 1970 and based in Alexandria, Virginia, InVEST promotes insurance education to attract
individuals to pursue a career in the insurance industry Each year, the program prepares thousands of students for insurance-related careers with a hands-on curriculum taught in high schools, adult
education centers and colleges
Trang 2The Big “I" Diversity Council engages and develops a sustainable, diverse independent agency network
by partnering with state associations, carriers, and industry affinity groups The Diversity Council collaborates with other multicultural industry groups, state associations and other Big “I" committees to create an awareness of the opportunities and benefits of embracing diversity
PriSim Business War Games Inc works closely with leading organizations to build and deliver
customized business simulations The company assists clients in utilizing these custom tools to develop their employees' business acumen Industry-specific simulations include insurance carrier, insurance agency and brokerage, insurance branch, mortgage banking, aerospace and defense, dealership,
publishing, e-commerce, and manufacturing
Founded in 1896, the Independent Insurance Agents & Brokers of America (the Big “I”) is the nation’s oldest and largest national association of independent insurance agents and brokers, representing more than 25,000 agency locations united under the Trusted Choice brand Trusted Choice independent agents offer consumers all types of insurance—property, casualty, life, health, employee benefit plans and retirement products—from a variety of insurance companies