CICA unveils final trio of essay contest

The Captive Insurance Companies Association (CICA) has announced the three finalist teams in its Captive Insurance Solutions for Today’s Risk Management Challenges essay contest for college risk management and insurance students, sponsored by Hylant Global Captive Solutions.

The three finalist teams are: Carter Cappon and Chase Mendham, Olivet College; Olivia Faulkner and Zane Smith, Saint Mary’s University; and Ting-Wei Liu and Nachapol Charamornburapong, Temple University.

For the CICA essay contest, two-person teams were asked to describe how and why a captive insurance company could be used as a cost-effective means of alternative risk financing for new and growing risk challenges. The three finalist teams will now work with mentors from Hylant GCS to revise and enhance their essays, which will be judged again to determine first, second and third place.

Now in its fifth year, the CICA College Student Essay Contest has established a reputation as a "fun and challenging" opportunity. “Each year our finalists tell us that participating in the contest helped them see how innovative and challenging the captive insurance industry is,” said CICA president Dan Towle. “Our hope is that our student participants will pursue their interest by working in the captive industry and we are seeing that happen. In 2022, two of our essay finalists accepted job offers with captive organizations as a result of presenting their essays at the CICA Conference.”

“Today’s students are looking at more than their first job. They’re looking at future opportunities as well. The case studies our team developed for the CICA essay contest are based on real issues organizations are facing. They help students learn about opportunities for using captive insurance and for careers that will grow as the captive industry grows,” said Anne Marie Towle, CEO, global captive solutions division, Hylant.

The winners of the contest will be announced at the Monday morning general session during the CICA International Conference March 5-7 in Rancho Mirage, California. The finalist teams will also present their case studies during an education session.