The 2022 Spencer-RIMS Risk Management Challenge will see teams from eight universities match wits to develop and present the most comprehensive risk management program based on a case study developed by risk executives with Starbucks Corp.
The university teams competing in this year’s competition are:
The presentations will be made to a panel of risk professionals during Riskworld, RIMS’ rebranded annual conference (April 10-13, 2022). The winner will be revealed at the Spencer reception, which takes place on April 11.
This year’s challenge marks a return to an in-person competition, as 2021’s installment was held virtually. The University of Hartford won last year’s event, while The University of Wisconsin took second and Appalachian State University placed third, according to RIMS.
“Social issues continue to climb organizations’ and municipalities’ list of top strategic risks. 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 RIMS CEO Mary Roth in a release following the 2021 challenge.
The Spencer-RIMS Risk Management Challenge is supported by the Spencer Educational Foundation. Founded in 1979, the foundation’s primary goal is the funding of education for “tomorrow’s risk management and insurance leaders. Since its inception, the organization has awarded more than $8 million in scholarships and over $5 million in grants to universities and professional institutions.
