PriSim Agency Management Competition

2017 Winning Teams - Olivet College, Appalachian State University and Florida State University
2017 Winning Teams! Olivet College, Appalachian State University and Florida State University

PriSim Agency Management Competition Kicks Off!

The second PriSim Agency Management Competition kicks off the first week of February, 2019. During the five-week, online competition, teams from 8 top colleges with insurance programs will compete in a business simulation where they will function as the management team running an insurance agency. The schools are: Appalachian State, University of North Texas, Howard University, Illinois State, University of North Carolina at Charlotte, Ohio State, Indiana State, and Temple University.

The competition is a joint initiative of InVEST and the Big “I” Diversity Task Force. InVEST is a school-to-work insurance program that works with high school and college educators to create insurance curriculum for their students. A 501(c)(3) non-profit arm of the Independent Insurance Agents & Brokers of America, Inc., InVEST is dedicated to improving insurance literacy in students and attracting new talent to the industry.

“InVEST gets students interested in insurance careers and gets them educated about the terminology and dynamics of the industry,” said David Semb, a partner at PriSim Business War Games Inc. and an adjunct professor in the MEM program at Northwestern University. “Teams from each college will compete in a head-to-head battle for market share and profit. They’ll work on their insurance business acumen and they’ll get a super-immersive experience of what it’s like to run an insurance agency. We’ll be running our Agency Challenge computerized business simulation. Let the games begin!”

Strategic thinking is critical to the decisions made in the competition. Students will conduct an analysis of the business environment and then articulate the mission of their company. Each firm will begin the simulation at the same point, on a level playing field, and then will decide how to improve their performance and whether they want to design and develop products to enter new market segments.

The Competition begins the first week of February and wraps-up on Feb. 28, 2019 when PriSim and InVEST will score the competition and announce the winners!

Learn more about it from the schools and sponsors in the competition!

Read posts from Appalachian State University at: https://insurance.appstate.edu/news/2019-appalachian-prisim-agency-management-team-kickoff
…from Selective Insurance at: http://bit.ly/2N2Aokj
…from the Big “I” at:
http://bit.ly/2Goh5Bn
…and tweets from National InVEST: 
https://twitter.com/NationalInVEST/status/1091042749653102592   and  https://twitter.com/NationalInVEST/status/1090689234799919109