Selective Insurance

PriSim delivers our Agency Brokerage Challenge™ simulation in partnership with Selective Insurance as part of their Emerging Leaders curriculum and their Selective’s College Competition event.  In both courses, participants lead and manage a simulated insurance agency making decisions in carrier management, customer management, lead sourcing, financial management, profitability analysis, production analysis, and other operational functions.

The Emerging Leaders class is offered to up-and-coming leaders who work at Selective’s premier agency partners, and the Selective’s College Competition is run for students at top colleges with risk-management and insurance programs. The class helps students interested in insurance careers better understand the terminology and dynamics of the industry- read more about the event here.

“This experience has given me real world experience and examples. I was able to work weekly with agency mentors who not only guided us in the simulation, but provided us with guidance for the real world. Not many students have this opportunity so this definitely gives us a step-up for when we enter our future careers within an agency. Could not recommend this simulation and challenge enough!”
– Participant, Selective’s College Competition, February 2023

“I feel that this experience has made me a more valuable employee because it has allowed me to have more understanding on what it takes to run a brokerage. It showed how important dedicating different amounts of time to new business, renewals, and more.”
– Participant, Selective’s College Competition, February 2023

“I plan on working eventually in sales at an independent agency in the coming months. I would eventually like to become a principal as well. This experience really helped me learn how you have to balance more than just finances while running an agency. It taught me, as I have heard before from professionals in the field, that the relationships are just as important as revenue and learning to balance these things is where you will ultimately find success in this industry. Money should not be your motivator, people should be!”
– Participant, Selective’s College Competition, February 2023

“By participating in the Selective’s Challenge Competition, I have learned more in-depth about how insurance agencies operate during the day-to-day business processes and researching and selecting prospective carriers to write business with. I was also able to see how investing in one department (such as staffing & sales) can directly impact revenue and profits and indirectly affect other measurements such as CSI, differing ratios, and Net Margin %. This experience has given me a thorough insight into insurance operations that are rarely seen with other prospects you may be looking to hire. Due to the Selective Challenge, I have greater knowledge about the foundation of insurance businesses which I think is very important to understand before you start to build up your own line of business. Again, thanks so much for your guidance and assistance throughout this challenge! I look forward to competing again next year!”
– Participant, Selective’s College Competition, February 2023

“It was a super fun experience that I was able to do with classmates of mine. My future employer is currently RPS where I will be learning more about the insurance industry. This experience taught me teamwork and how there is more to insurance then just premiums, there is a lot that a company has to go through in order to succeed.”
– Participant, Selective’s College Competition, February 2023

“This competition has taught me how to operate an insurance agency effectively and efficiently. It has helped me to understand all of the components that go into running an agency, and how one decision can have a substantial impact and effect on the entire agency.”
– Participant, Selective’s College Competition, February 2023

“I gained a pivotal understanding of how to effectively and efficiently operate a simulated insurance brokerage giving me a broader sense of the role a brokerage plays in the marketplace. Understanding why and how our brokerage operates in the first place within the broader insurance industry is a skillset I directly learned by simply being involved. Having a better appreciation and understanding of resource allocation to operate an insurance brokerage will allow me to be of great value to the insurance industry.”
– Participant, Selective’s College Competition, February 2023

“Not only was this competition fun and enjoyable to be a part of, but it was also extremely well put together. Throughout the competition, I could tell that much thought went into the simulation and was amazed at how deep the decisions truly went. I can positively say that I have a much better understanding of how independent agencies operate in real life after participating in the simulation.”
– Participant, Selective’s College Competition, February 2022

“PriSim’s business simulation is a great program and trial for running your own agency. It gets your out of your comfort zone and makes you think like an owner. Do you spend money on x instead of y and what impact does it make? You learn about strategy, staffing/sales, and financial statements to name a few. The simulation made me a better leader by focusing on the bigger picture and not the daily tasks. I would highly recommend PriSim Business War Games.”
– Risk Management Consultant, Regional Brokerage, December 2021

“Actively participating in the agency challenge PriSim model is  a game changer opportunity. Simply stated, students who engage in this process will have a real world opportunity to learn how to operate an independent insurance agency. You will apply lessons learned during these 4 weeks during your entire career.”
– President, The Horton Group Insurance Agency, February 2021