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2019 PriSim Agency Challenge Results

Indiana State University, Ohio State University and University of North Texas take top spots in virtual business learning challenge

InVEST and the Big I" Diversity Council announced Indiana State University, Ohio State University and the University of North Texas as the winning teams in the 2nd Annual College Agency Management Competition. Winners were chosen based on business results of owning and operating a virtual insurance agency.

The competition, hosted by InVEST and the Big I" Diversity Council, was designed to teach college students the basics of entrepreneurship, insurance agency management, business operations and teamwork through a virtual online competition developed by PriSim War Games. During the past month, students input their agency's business decisions into PriSim's agency management platform taking responsibility for strategy, carrier and customer management, source management, staffing, sales and financial statements.

Professors, insurance agents, a corporate partner and a PriSim staff member mentored each team throughout the competition to help them understand real-world issues such as how to read a profit and loss statement, the impacts of staffing, market segmentation and more.

Thanks to funding provided by participating Big I" Diversity Council company sponsors, the winners will receive a trip to the Big I" Legislative Conference May 8-10, 2019. The conference will give the students the opportunity to connect with executives from top insurance agencies and companies for possible internships and jobs.

The eight participating schools and corporate sponsors included:

  • Appalachian State University  Boone, NC with Selective Insurance
  • Howard University  Washington, D.C. with Safeco/Liberty Mutual
  • Illinois State University  Normal, IL with Risk Management Solutions of America
  • Indiana State University  Terre Haute, IN with Westfield Group
  • Ohio State University  Columbus, OH with Nationwide
  • Temple University  Philadelphia, PA with Church Mutual
  • University of North Carolina  Charlotte, NC with The Hartford
  • University of North Texas  Denton, TX with CNA

Thank you to MWAIIA Board Members Tony Ambush and Patrick Howard for their work on behalf with Howard University Students!

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