Recap: Spencer-RIMS 2023 Student Risk Management Challenge

Congratulations to the University of Wisconsin-Madison for achieving first place in the 2023 RM Challenge!

The Student Risk Management Challenge is a 7-month-long competition for students, where university teams compete to develop and present the most comprehensive risk management program based on a company’s case study. In 2023, 24 university teams from across USA, Canada, China, and India entered the competition. Eight of the teams were first-time applicants and five of the universities were Minority Serving Institutions (MSIs). The teams comprised 3-4 undergraduate students and based on the solutions they developed for the case study, the top eight teams were invited to present their strategies at the RIMS 2023 Annual Conference (RISKWORLD) in Atlanta, GA, USA.

 
 

1st Place University: University of Wisconsin-Madison

Team Name: Riskconsin Appetite

Student Team Members:

  • Rebecca Cox

  • Lauren Kelly

  • Jing Kai Ong

  • Michael Reeser

University Representative: Carl Barlett

2023 Judging Committee:

  • Cameron Alford - Manager, Insurance at CSL Behring

  • Victoria Dinh - Director of Risk Management at Anschutz Entertainment Group, Inc. (AEG)

  • Richard Graham - Chief Risk Officer at Southeastern Pennsylvania Transportation Authority (SEPTA)

  • Esequiel Nathal - Senior Risk Management & Insurance Advisor at Compass Risk Services, LLC

  • Petyah Pierre - Assistant Manager, Workers' Compensation at Broward County Sheriff's Office (BSO)

  • Jami Willingham - Risk Manager at Southern Company


2023 RM Challenge Statistics

 

92 Student Participants

24 University Teams

8 First-Time University Applicants

5 Minority-Serving Institutions (USA)

4 Countries

2023 RM Challenge Top 8 Teams

 

  • Appalachian State University | Boone, NC, USA

  • British Columbia Institute of Technology | Burnaby, Canada

  • California State University, Fullerton | Fullerton, CA, USA

  • Peking University | Beijing, China

  • Saint Joseph’s University | Philadelphia, PA, USA

  • St. Mary's University | San Antonio, TX, USA

  • The University of Georgia | Athens, GA, USA

  • University of Wisconsin-Madison | Madison, WI, USA


2023 RM Challenge News Articles

Click here to read the RIMS Press Release announcing the 2023 Top 8 University teams.

Click here to read the RIMS Press Release announcing the 2023 winning team.


 

2023 RM Challenge Photo Gallery

 

Photos of the final rounds of the student competition held at RISKWORLD 2023 in Atlanta, GA, USA.

 
 

2023 RM Challenge University Participants

Appalachian State University | USA

Bowling Green State University | USA

British Columbia Institute of Technology | Canada

California State University, Fullerton | USA

Gannon University | USA

Georgia State University | USA

Illinois State University | USA

Institute of Insurance and Risk Management (IIRM) Hyderabad | India

Missouri State University | USA

National Insurance Academy, Pune | India

Peking University | China

Saint Joseph’s University | USA

Samford University | USA

St. Mary's University | USA

Temple University | USA

University of Calgary | Canada

University of Cincinnati | USA

University of Colorado, Denver | USA

University of Georgia | USA

University of Illinois at Urbana-Champaign | USA

University of North Texas | USA

University of Southern California | USA

University of Wisconsin-Madison | USA

York University | Canada


QUESTIONS?

Email our Director of External Engagement, Tandeka Nomvete, with any questions.