IIRM Hyderabad Wins the 2024 Spencer-RIMS Risk Management Challenge

Risk Management Undergrads from Around the World Compete in Seven-Month Competition

May 07, 2024

Risk Management Undergrads from Around the World Compete in Seven-Month Competition


San Diego, CA (May 7, 2024) – At the Spencer Educational Foundation’s 2024 Spencer Soirée, Spencer’s Executive Director, Megan Miller, announced the Institute of Insurance and Risk Management (IIRM) Hyderabad student team from India as the winners of the 2024 Spencer-RIMS Risk Management Challenge. The team, comprising four risk management students, competed against 38 other universities from 9 different countries and delivered the award-winning risk management presentation in front of industry leaders at RISKWORLD® in San Diego, CA.

 The winning IIRM Hyderabad team, The Vigilant Challengers, included:

  • Shivya Tuli
  • Yagnasritha Mallavajhala
  • Elvis John
  • Gunjan Advani
  • University Representative: Kameswara Venkata Roop Kumar Nagumantri

 The challenge began seven months ago, with 38 universities dedicating their time and effort to address a risk management case-study based on the City of Tukwila in Washington State. During RISKWORLD, the field was narrowed to three university teams and those finalists presented one last time in front of the conference attendees and a panel of judges.

“The Risk Management Challenge is one of the most anticipated events at RISKWORLD, as it showcases the best and brightest students from across the globe,” said Miller. “Spencer is proud to partner with RIMS to provide this experiential learning opportunity for students, and we are grateful to the case champion and judges for volunteering their time and helping us guide the next generation of risk professionals.”

“The record-breaking global participation in this year's Spencer-RIMS Risk Management Challenge was inspiring and affirmed that a talented and skilled pipeline of future risk leaders stand ready to take the profession to the next level,” said RIMS CEO Gary A. LaBranche, FASAE, CAE. “Congratulations to IIRM Hyderabad for this remarkable achievement, as well as to all of the other university teams and volunteer risk professionals who helped make the 2024 Spencer-RIMS Risk Management Challenge a success.”

Illinois State University (USA) took second place in this year’s Challenge, and Peking University (China) took third place. The top three teams received cash prizes and trophies—the first-place university received $10,000, the second $7,500, and the third $5,000.

To learn more about the annual Spencer-RIMS Risk Management Challenge, visit www.spencered.org/2024-risk-management-challenge .

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About the Spencer Educational Foundation
The Spencer Educational Foundation is a non-profit organization committed to fostering the education and professional development of risk management and insurance students. Since its establishment in 1979, the Foundation has been the foremost organization helping students succeed by providing scholarships, grants, and internships to support talented individuals pursuing careers in these fields. To learn more about the Spencer Educational Foundation and its programs, please visit www.spencered.org.

About RISKWORLD®Launched in 1963 as RIMS Annual Conference & Exhibition, RISKWORLD® attracts some 10,000 risk and insurance professionals at all experience levels, business executives with risk management interests, brokers, insurers and service providers for the ultimate learning and networking experience. The four-day. RISKWORLD experience offers more than 150 learning opportunities, keynote presentations, special events, and an expansive Marketplace with hundreds of solutions providers – all with countless opportunities to engage and elevate the risk community. RISKWORLD 2024 is scheduled for May 5 - 8 in San Diego. RIMS will celebrate its 75th Anniversary at RISKWORLD 2025 in Chicago from May 4 - 7.

About RIMS
RIMS, the risk management society®️, empowers risk professionals to make the world safer, more secure, and more sustainable. Through networking, professional development, certification, advocacy, and research, RIMS and its 80 chapters serves more than 200,000 risk practitioners and business leaders from over 75 countries. Founded in 1950, the Society publishes the award-winning Risk Management Magazine and produces RISKWORLD®️, the largest annual gathering of global risk professionals. RIMS embraces diversity, equity and inclusion and welcomes all risk professionals to connect and learn, explore the online Risk Knowledge library, tune into the RIMScast podcast series, and engage the global risk community via RIMS social media channels. To learn more, visit https://www.RIMS.org.

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For more information, contact:

Josh Salter, Director of Communications, (212) 655-6059 or JSalter@rims.org

About RIMS

As the preeminent organization dedicated to promoting the profession of risk management, RIMS, the risk management society®, is a global not-for-profit organization representing more than 3,500 industrial, service, nonprofit, charitable and government entities throughout the world. Founded in 1950, RIMS is committed to advancing risk management capabilities for organizational success, bringing networking, professional development and education opportunities to its membership of more than 10,000 risk management professionals who are located in more than 60 countries. For more information on RIMS, visit www.RIMS.org

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