CICA essay competition opens

The Captive Insurance Companies Association (CICA) has launched its 2021-22 student essay contest.  The competition for two-person teams is open to risk management, insurance and business college students, who must write on an aspect of captive insurance.

The topic this year is “Using Captive Insurance Solutions to Address Coverage Gaps”. Entrants must develop strategies for one of two fictional case studies: The American Cannabis Association, which is interested in exploring the formation of a captive for general, product and automobile liability coverages; and the Craft Breweries Association, which wants to identify if and how a captive can be used to provide medical stop-loss coverage to participants and help participants control future health insurance costs for employers and employees.

Entrants must outline how they would help the organisation create captive insurance solutions to provide value and address coverage gaps for current and emerging risks.

Strategic Risk Solutions sponsors the competition, and winners receive a cash prize and the opportunity to present their paper at CICA’s annual conference, being held next year from March 6 to 8 in Tucson, Arizona.

Those wishing to enter must submit an  intention to participate form by December 10, 2021. The deadline for essay submissions is January 7, 2022.