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September 18, 2018
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September 18, 2018 - Back to Campus Edition
RMI Newsletter
Darla Moore School of Business, University of South Carolina

A quarterly glimpse of recent happenings for the Risk and Uncertainty Management Center, Gamma Iota Sigma members, risk management and insurance (RMI) majors, minors, and alumni.
Pictured from left are David Marlett (Appalachian), Faith Neale (UNCC), Bob Hartwig (USC), Greg Niehaus (USC), Gene Lai (UNCC) and Tom Marshall (UNCC).


InsurTech Symposium Attracts Capacity Crowd

Insurance professionals, regulators, and students studying risk management and insurance came together at the InsurTech Symposium at the University of North Carolina Charlotte in June. The symposium highlighted the financing and innovation related to InsurTech, a term applied to the many segments of new technology that are flooding the industry and a key topic in today's insurance profession. Professors Robert Hartwig and Greg Niehaus helped coordinate the collaborative event that was attended by more than 200 people. Hartwig gave a presentation on the financing of innovation, transformation and disruption. Two panel sessions gave industry experts the opportunity to share their thoughts on innovation as it relates to operations and regulation.
Pictured above (R-L): USC Senior, Charlotte Modzel, Professor Robert Hartwig, USC Senior, Philip Hamrick

As part of the 2018 IMUA Scholarship Award, RMI students Charlotte Modzel and Philip Hamrick were invited to attend the 88th Inland Marine Underwriters Annual Meeting in Scottsdale, Arizona this summer. Attending this conference further reinforced just how diverse the insurance industry is. Modzel and Hamrick met professionals specializing in everything from underwriting fine art in transit to underwriting and insuring the equipment used to grow cannabis out west. The opportunity to talk with a wide variety of experts willing to share advice and stories from their own beginnings in the industry was extremely helpful as these students consider which area of insurance best suits them after graduation.

The Inland marine insurance industry is a $14 billion per year niche insurance market. To learn more about the Inland Marine Underwriters Association, visit http://www.imua.org/.    





A big thanks goes out to Willis Towers Watson, Texas Mutual and Auto-Owners Insurance for their generous contributions to the Risk and Uncertainty Management Center. Gifts like these directly benefit the students striving for a degree in risk management and insurance at the University of South Carolina.
More Schools Are Buying ‘Active-Shooter’ Insurance Policies
 
Robert Hartwig, director of the Risk and Uncertainty Center at the University of South Carolina has done numerous interviews (sadly) on the growing demand for Active Shooter/Assailant coverage in the wake of the increase in shootings at schools. Hartwig is quoted in a recent Wall Street Journal article and also interviewed on KCBS Radio in San Francisco on the topic. 


American Risk and Insurance Association Annual Meeting

As board member and part of the 2018 program committee, Gregory Niehaus participated in the American Risk and Insurance Association Annual meeting last month. Niehaus had the opportunity to moderate two panel discussions and gave talks on three research papers, "The Effect of Regulation on the Connectedness of Insurers to Banks: International Evidence", "Insurer Liability Opacity, Investor Learning, and the Cost of Capital", and "The Role of Asset Concentration Risk for Individual Stability and Systemic Risk".
Fewer Households in Hurricane Florence’s Path Have Flood Insurance Than in 2013

According to an analysis of government data, fewer homeowners in North and South Carolina own flood insurance than 5 years ago, a heart-breaking statistic after the disastrous rains of Hurricane Florence. The Wall Street Journal reached out to risk management and insurance professor, Robert Hartwig for comment. He explains, "residents of these states are materially less prepared than they were in the past to deal with the financial consequences associated with major flooding events.” Read the article.

Fall 2018
Business EXPO

Sept. 19 

If you are an employer looking to source early career talent in risk management and insurance, attending our Career EXPO needs to be part of your recruiting strategy. This event typically attracts more than 100 employers from all sectors and more than 1000 students from all majors and programs.

To find out more about the Fall 2018 Career EXPO or to register to attend, contact the Office of Career Management  at 
recruit@moore.sc.edu.

Don't miss it!
After 10 years in the University of South Carolina's Provost office, the Darla Moore School of Business is privileged to welcome Helen Doerpinghaus back to the classroom this fall. Prior to her role as vice provost and dean of undergraduate studies, Doerpinghaus was a professor in the Moore School's finance department for 20 years, specializing in risk management and insurance. She served as president of the American Risk and Insurance Association and was very active with the Lambda chapter of Gamma Iota Sigma. 

In 2007, Doerpinghaus was appointed to the Office of the Provost, which oversees USC's graduate and undergraduate academic programs. While in office, 
she had the opportunity to lead the team of faculty that revised and updated the general education curriculum, which eventually became what is known as the "Carolina Core." In addition, she worked to expand experiential learning for students through USC Connect and the Graduation with Leadership Distinction program.

These experiences and much more gave Doerpinghaus the chance to meet students from all over the world and from every major. Through her role, she saw different kinds of family situations, financial issues, personal challenges -- literally everything students deal with -- and had many opportunities to really understand students as their own individuals outside the classroom. Doerpinghaus believes it is the myriad of differences in each student that enriches the classroom experience, and being part of student success is what continues to inspire and motivate her today.
 

The Moore School's Lambda chapter of Gamma Iota Sigma international risk management, insurance and actuarial science collegiate fraternity is large and active. Joining Gamma Iota Sigma is a great way for students to learn more about the industry and start building a strong peer network of future risk management professionals. 

Meet the 2018-19 Gamma Iota Sigma Co-Presidents!
My name is Delaney Jacobs and I am currently a senior in the Darla Moore School of Business from Germantown, Maryland. I will be graduating in May 2019 with a double major in Risk Management & Insurance and Marketing with a minor in Public Relations & Advertising. This past summer, I had the opportunity to intern with Gallagher, one of the world’s leading risk management, insurance, and human capital consulting firms. More specifically, I was a Sales Intern within the Gallagher Benefit Services division which provides HR & Employee Benefit consulting services to its clients. Upon graduation, I would love to work as either an account manager or consultant on the health and life side of the insurance industry. 
I am Peter Antonopoulos from Baltimore, Maryland. I will also be graduating in May 2019 with degrees in Risk Management and Insurance and Finance. I was fortunate to obtain some valuable experience this summer as a Risk Management Intern at PERI-USA headquarters in Elkridge, MD. As co-president of Gamma Iota Sigma, I am looking forward to attending the international conference in Chicago as well as the 2018 CPCU Society Annual Meeting in San Diego. With my mentor's guidance, my goal is to attain the CPCU designation early in my underwriting career.
Upcoming Conference Presentations:

Sept 19     Willis Towers Watson North American Energy Conference, Austin, TX 
Oct 9         National Society of Insurance Premium Auditors, Columbia, SC
Oct 11       Alabama I-Day, Tuscaloosa, AL
Nov 2        University of Wisconsin Research Seminar, Madison, WI
Nov 7        Onshore Energy Conference, London, UK

If you are interested in having Risk and Uncertainty Management Center expert speak at your conference or company event, please contact the director, Robert Hartwig.
Our world-class faculty are often asked to report on the latest research, trends and challenges to industry professionals, the media and other organizations. We have posted select presentations which address current risk and insurance issues on the Risk and Uncertainty Management Center website. Have a look!

Contact us to learn more about the Risk and Uncertainty Management Center and get your business involved!

Benefits include access to the latest research in risk management and opportunities to engage with and hire top talent in risk management and insurance.
The Risk Management and Insurance Program at the University of South Carolina is ranked the third largest in the U.S. according to Business Insurance's 2017 Risk Management & Insurance Schools Rankings + Directory. The rankings are based on the number of students enrolled and the number of courses offered for the major. More and more students are being drawn to the industry because of higher starting salaries, accelerated advancement and opportunities to work abroad. According to Professor Robert Hartwig"the Moore School's RMI program is not only growing - it has been recognized as being one of the best in the world." 

The risk management and insurance major aims to produce graduates with analytical and qualitative decision-making skills that allow them to make rational, objective decisions under uncertainty. As of Spring 2018, a record 350 RMI students were enrolled and ready to take that challenge at the Darla Moore School of Business. There are no limits to where their degrees can take them.
An RMI degree leads to a great career!
Recent graduates have landed great jobs at companies like Accenture, AIG, Amica, Aon, Auto-Owners, Bank of America, Blue Cross Blue Shield, Chubb, Cigna, Citigroup Inc., Colonial Life, Deloitte, Freddie Mac, GE Capital, Geico, Great American, The Hartford, Liberty Mutual Group, Marsh, Munich Re, PricewaterhouseCoopers, Standard and Poor’s, Travelers, Unum, USAA, Vanguard, Wells Fargo and Willis Towers Watson ... just to name a few!
Copyright © 2018 Risk and Uncertainty Management Center, All rights reserved.


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