Selective taps virtual agency to run collegiate competition
Selective Insurance Company of America, says that Indiana State University is the winner of its Selective Insurance Collegiate Competition.
Selective's Collegiate Competition included Appalachian State University, Howard University, Indiana State University, Illinois State University, Middle Tennessee State University, Temple University and University of North Carolina-Charlotte. The competition leveraged an computerized business simulation, developed by PriSim, called Agency Challenge. The winning team of six students placed first for their strategic planning and decision making in the environment.
Supported by leaders from Selective and by an Agency Mentor from ONI Risk Partners who guided and advised the team as they navigated the challenges of the competition, the team comprised juniors and seniors in the Insurance and Risk Management Programs at their colleges.
Members of the Indiana State team will visit Selective's corporate office, where they will present their winning strategy to Selective's executive leadership team. The student will also participate in a design-thinking exercise in the company's new innovation lab, LAUNCH, which giving students exposure to Selective's idea generation principles and ideation process to help foster a creative mindset for future careers within the insurance industry.
"The Selective Collegiate Competition offered a unique hands-on learning opportunity for our students to gain real-world knowledge on how to manage an insurance agency while also strengthening their communication and teamwork skills,” shared Rebecca Wray, Director, Gongaware Center for Insurance and Financial Services at Indiana State University's Scott College of Business.
Chuck Musilli, Executive Vice President, Chief Human Resources Officer, Selective Insurance shared, “This competition enabled the students to build their business and financial acumen by gaining valuable insights into key topics impacting the insurance marketplace, and learn how their own interests and abilities can be applied to an exciting and fulfilling career in insurance."