2021 Selective’s College Competition
The 2021 Selective’s College Competition Kicks Off!
The fourth annual Agency Management College Competition (now known as Selective’s College Competition) kicks off January 28, 2021. During the four-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 teams and schools are:
Team 1 – St. Joseph’s University (first timer!)
Team 2 – Ball State University (first timer!)
Team 3 – University of North Carolina – Charlotte (returning)
Team 4 – Temple University (returning)
Team 5 – Indiana State University (returning)
Team 6 – Illinois State University (returning)
Team 7 – Middle Tennessee University (returning)
Team 8 – Appalachian State University (returning)
This year, Selective is the sole sponsor of the event. For the past 3 years, the competition has been a joint initiative of Selective Insurance and InVEST. 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.
“The competition will get students interested in insurance careers 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 Jan. 28, 2021 and wraps-up on Feb. 25, 2021 when PriSim and Selective will score the competition and announce the winners!
Follow the competition and round-by-round results on our LinkedIn Group page.
And to see what the students are working on each week behind the scenes, visit the Competition Web Portal.