AM Best's 2025 Student Challenge Calls for Innovative Ideas to Solve Insurance Risks

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best’s 2025 Student Challenge, which gives undergraduate and graduate-level students the opportunity to develop and showcase innovative solutions for risk management and insurance, has begun accepting submissions from university students.

The Student Challenge aims to empower students to generate innovative ideas in many areas of risk management and insurance, including artificial intelligence, technology, products, distribution methods, customer experience, marketing and social media, captive insurance and more.

Students can register online at www.ambest.com/studentchallenge and get started with question prompts found in AM Best’s Student Challenge Handbook.

The Student Challenge enables students to gain first-hand experience in insurance and risk management, said Lee McDonald, Senior Vice President, AM Best - Information Services.

“It serves as a catalyst for students to get in touch with risk management faculty at their schools, build teams with classmates and develop real-world ideas—while also getting feedback from AM Best experts based on an innovation rubric, gaining recognition for their efforts and expanding their resumes with an insurance-specific project.”

McDonald added: “Our company’s founder, Alfred M. Best, emphasized the importance of ‘the ingenuity with which at all times the new needs of the public have been met.’ That’s the essence of the history of insurance: Using innovation to serve needs as the world changes.

“At AM Best, we are proud to challenge the rising generation of insurance professionals to apply their own ingenuity and take a leadership role in the insurance industry of the future.”

After an initial review round, the field in the Student Challenge will be narrowed to three finalists, each of whom will receive:

• An interview with AM Best TV, an insurance industry media network;
• A feature article in Best’s Review^® magazine, a leading insurance trade publication;
• Recognition on AM Best social media channels;
• Access to an AM Best professional to provide feedback on the development of their solution; and
• An academic medal and trophy.

The winner will be announced in the spring of 2025. Submissions will be judged on degree of innovation, feasibility, impact, implementation and more.

AM Best’s 2025 Student Challenge is one of the company’s ongoing initiatives to support the development of new talent in the insurance industry. AM Best also provides an analytical development program for college students, along with internship opportunities.

AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.

Copyright © 2024 by A.M. Best Company, Inc. and/or its affiliates. ALL RIGHTS RESERVED.