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"We are delighted to continue the Foundation's support of Spencer-RIMS Risk Management Challenge and congratulate the team from St. Joseph’s," said Ron Davis, the chairman of the Spencer Educational Foundation, and EVP & Head of Customer Management for Zurich. "The competition showcases students' aptitude and allows them to apply their knowledge to practical risk management situations. Each team was highly prepared, thoughtful and diligent in their analysis and presentation of the case study. The work we have seen from all the teams this week emphasizes the important work we do to support tomorrow's risk management professionals."

“RIMS ability to continue the momentum and further demonstrate the value risk management can bring to an organization will one day rest on the shoulders of the students who participated in our Challenge,” said RIMS CEO Mary Roth. “Their enthusiasm and fresh perspective are great indicators that the profession’s future is bright. Congratulations to St. Joseph’s University and all of our Spencer RIMS Risk Management Challenge teams for their outstanding work and risk management ingenuity.”  

The challenge began with 23 universities, three months ago, who were each presented with a risk management case-study. The teams developed solutions and nine of the teams were selected to attend RIMS 2017. During the conference, the field was narrowed to three and those finalists presented one last time in front of risk professionals at the conference. This year’s Risk Management Challenge risk case-study was provided by PayPal Inc. 

Second place in this year’s Challenge was Appalachian State University and the third place team was Butler University.  The first place university received $4000, second $3,000 and third $2,000.

Spencer Educational Foundation is the premier organization awarding scholarships and grants in risk management and insurance industry. Since its founding in 1979, it has awarded approximately $6 million in student and part-time master’s scholarships and $3.25 million in grants to universities, corporations and professional institutions for educational programs, internships and conferences. Spencer is a registered 501(c)(3) charitable organization whose purpose is to fund the education of tomorrow’s risk management and insurance industry leaders.

Launched in 1963, RIMS Annual Conference & Exhibition 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 educational and networking experience. The four-day event offers more than 160 educational sessions, keynote presentations, special events and an expansive Marketplace Exhibit Hall with nearly 400 exhibitors. Following Philadelphia, the event will be hosted in San Antonio in 2018. For more information, visit www.RIMS.org/RIMS2017.