RIMS reveals 8 universities competing in risk management challenge

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This year’s challenge marks a return to an in-person competition, as the 2021 installment was held virtually. (Credit: bbk22/Adobe Stock)

The Spencer-RIMS Risk Management Challenge 2022 will see teams from eight universities compete to develop and present the most comprehensive risk management program based on a case study developed by risk managers with Starbucks Corp.

The university teams participating in this year’s competition are:

  • Appalachian State University
  • Fudan University (China – virtual presentation)
  • Peking University (China – virtual presentation)
  • Mary’s University (Texas)
  • University of Hartford
  • University of Southern California
  • University of Georgia
  • University of Wisconsin

Presentations will be made in front of a panel of risk professionals at Riskworld, The annual conference renamed RIMS (April 10-13, 2022). The winner will be revealed at the Spencer reception, which will take place on April 11.

This year’s challenge marks a return to an in-person competition, as the 2021 installment was held virtually. The University of Hartford won last year’s event, while the University of Wisconsin took second place and Appalachian State University placed third, according to RIMS.

“Social issues continue to climb the list of top strategic risks for organizations and municipalities. With professionalism, creativity and enthusiasm, this year’s university teams shared a range of unique perspectives and solutions that addressed these real-world socio-economic challenges,” said Mary Roth, CEO of RIMS, in a statement to the continuation of the 2021 challenge.

The Spencer-RIMS Risk Management Challenge is supported by the Spencer Educational Foundation. Founded in 1979, the primary objective of the foundation is to finance the training of “the leaders of tomorrow in risk management and insurance. Since its inception, the organization has awarded over $8 million in scholarships and over $5 million in grants to universities and professional institutions.

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