2023 Selective’s College Competition
Update on 2023: The final results are in from the 2023 competition – see chart to the right. Congratulations to the winning teams!
The 2023 Selective’s College Competition Kicks Off!
The 6th annual Selective’s College Competition kicks off January 26, 2023. 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 – UNC Charlotte
- Team 2 – Appalachian State University
- Team 3 – Middle Tennessee State University
- Team 4 – Illinois State University
- Team 5 – Le Moyne College
- Team 6 – Gallaudet University (“first timer”)
- Team 7 – Temple University
- Team 8 – Indiana State University
For the 4th year, Selective is the sole sponsor of the event. For the previous 2 years, the competition had 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. 26, 2023 and wraps-up on Feb. 23, 2023 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 Class Portal.