Who Belongs in the Program?

Are you up to the challenge?
Do you have it in you?
Are you ready to compete against the best the Midwest has to offer?

If so, then you might be Redbird Risk Management Challenge.
This one week program is designed for top high school students interested in careers in business. A passion for business and strong verbal and math skills are required.

We are seeking students who:

Are entering their senior year in high school.
Plan on attending college after graduation.
Presently have at least a 3.0 GPA (on a 4.0 scale) and an ACT score of 23 or higher.

Selection will be based on GPA, extracurricular activities, community service, and leadership roles held by applicant.

What is the Program?

Illinois State University invites the best that the Midwest has to offer to compete in a week-long challenge to be held at the Katie School of Insurance on the ISU campus from July 20- July 25, 2008. We are seeking 20 seniors, representing the top high schools from the Midwest, to compete in this year’s Challenge.

In the Redbird Risk Management Challenge you and your teammates assume the roles of senior risk management professionals and are asked to guide your corporation through a mine field of potential disasters. Losses may occur without notice – and may cripple your corporation’s ability to carry on operations. The only alternative to bankruptcy is for your team to correctly assess the nature of these perils and implement superior risk management strategies that ensure corporate success. Student-teams compete against one another in developing the best risk management strategies. The winning team is determined by which corporation generates the most profit by the end of the week. The experience will be challenging and will ask that you be at the top of your game. You will have to be creative and resourceful if you expect to win.

Schedule

While tentative at this time, this schedule of events broadly describes the content of the weeklong experience at this time.

S	M	T	W	T	F
Morning	Program Introduction	Risk Analysis	Insurance Principles	Non-Life Insurance	Careers
	Break
	Financial Statements	Risk Mgmt. Decision Matrix	Premium Analysis	Non-Life Insurance	Careers
	Financial Statements	EQS*	EQS	EQS	EQS
Afternoon	Lunch
	Strategy Session	Strategy Session	Strategy Session	Strategy Session	Closing Ceremonies
	Introduction to Risk	Data Analysis	Insurance Industry	Life Insurance	Closing Ceremonies
	Break
	Risk Mgmt. Process	Graph Analysis	Risk Ball	Life Insurance
Evening	Dinner
Evening		Revenue Production	Revenue Production	Revenue Production

What Does This Cost?

This program is sponsored by the Risk and Insurance Management Society (RIMS), Spencer Education Foundation, and contributions from COUNTRY Insurance & Financial Services and State Farm Insurance. While on campus for the competition, your costs will be covered. We will pay the cost of tuition, room, and meals. You will be responsible only for incidental expenses. If you meet the participant profile outlined and are up for a challenge, please consider applying for consideration.

Application Procedure:

Katie School of Insurance & Financial Services
Illinois State University
2008 Redbird Risk Management Challenge
*******************
Deadline: April 30, 2008

Please complete the application and submit online, mail, fax, or e-mail to Nancy Barrington by April 30, 2008 at the contact information given below:

Contact:

Nancy Barrington
Katie School of Insurance and Financial Services
Campus Box 5490
Normal, IL 61790
(309) 438-3021
(309) 438-7753
nkbarri@ilstu.edu

Last Updated: April 07, 2008

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