Magazine article Risk Management

Raising the Bar

Magazine article Risk Management

Raising the Bar

Article excerpt

This year, the Spencer Educational Foundation awarded 63 scholarships, worth more than $341,000, to full-time risk management students. It was a record for the organization, which has been supporting risk management and insurance education since 1979. In addition to scholarships, Spencer and RIMS (the publisher of this magazine) recently created a grant program to help colleges and universities develop their risk management curricula, and continue to hold the Spencer-RIMS Risk Management Challenge, a competition that gives risk management university teams the opportunity to apply their developing skills to a real-world case study.

These efforts illustrate the growth of risk management education-and the increasing need for programs that support it. For a profession that has frequently been one people fell into, this represents something of a sea change. More students now choose to study risk management from the get-go, which means that in a few years, there will be an influx of educated and motivated people joining the workforce with the intention of becoming risk managers. …

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