The Business Insurance Scholarship, which is administered by The Institutes Griffith Insurance Education Foundation, was launched on Wednesday.
The annual scholarship was created to introduce college and university students to employment opportunities in the risk management and insurance sector.
Business Insurance CEO Adam Potter said, “We created our U.S. Insurance Awards to fund scholarships to expose new and diverse talent to insurance careers. Students from HBCUs, community colleges and non-risk management majors already fall into our industry, now is the time to strategically recruit them.”
Business Insurance will be awarding 11 $3,500 scholarships to full-time undergraduate students pursuing any field of study. Applicants must be in good academic standing, have a cumulative grade point average of 2.8 or higher, and demonstrate a willingness to participate in mentoring if selected as a recipient.
In addition to scholarship monies, recipients will be provided free access to two insurance-specific courses through The Institutes and paired with a mentor from the risk management and insurance sector. Mentors will help provide insight into the industry as well as guidance for any students who are interested in joining the field.
“The Griffith Foundation is excited to administer these scholarships on behalf of Business Insurance,” said Kim Nicholl-Keane, deputy executive director at The Griffith Foundation. “Both the Griffith Foundation and Business Insurance share similar missions, which include a commitment to helping attract new and diverse talent into the RMI industry.”
Deadline for applications is Feb. 15.
For more information, visit GriffithFoundation.org/pipeline-development/scholarships.