JUNE 26, 2020 01:34 PM (EDT)

Saint Joseph’s University: Spencer-RIMS Challenge Provides ‘Real-World’ Experience (AM BestTV)

 Lee McDonald
Group Vice President, Publication and News Services
+1 908 439 2200, ext. 5561


OLDWICK - JUNE 26, 2020 01:34 PM (EDT)
This episode of AMBestTV highlights the 2020 Spencer-RIMS Risk Management Challenge, a competition co-sponsored by Spencer Educational Foundation and Risk and Insurance Management Society Inc. (RIMS) that gives students a chance to examine real risks, including COVID-19. Click on http://www.ambest.com/v.asp?v=spencerstjoes620 to view the entire program.

A student team from St. Joseph’s University took first place for a second-straight year. Teams were asked to develop a strategy to bring students back to the University of Dayton for the fall semester amid the ongoing COVID-19 crisis. Michael E. Angelina, executive director, Maguire Academy, St. Joseph’s University, said the competition is very valuable for students’ development.

“Making the Spencer team is a very big prestigious event for the students at St. Joseph’s University,” said Angelina. “This competition sets the students up nicely for their careers. It shows them how to work on teams. It shows them how to pick each other up. It shows them how to meet a deadline. These deadlines are hard and fast and they need to submit the 10-page paper on time. If they are an hour late, they are out and all the work they have done is for naught.”

One of the team members, Kayla Cecchine, discussed her experience in partaking in the competition.

“In the classroom, there are opportunities. We do case studies. We do different projects, and we present those as well, but this case study allows you to really grow over an entire year. We started this back in January, when the world was so different. Then we were able to watch what we created and what we modeled come true. That was definitely really unique … these were real-world problems that we were analyzing.”

Recent episodes of AMBestTV include:

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  • Most Commercial Casualty Policies Facing ‘Silent COVID-19’, says RiskGenius Cheatham: Chris Cheatham, chief executive officer, RiskGenius, said, while most commercial property policies include a virus exclusion, most casualty policies do not: http://www.ambest.com/v.asp?v=cheatham620 .

AM BestTV covers exclusive AM Best and insurance industry information and reports, targeted topics and key developments in the insurance, reinsurance and related sectors daily. Sign up for alerts of episodes at www.ambest.com/multimedia/ambtvsignup.html . View AM BestTV episodes at www.ambest.tv .

AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in New York, London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City.