InVEST, the insurance industry’s premier classroom to career education program, has awarded $73,500 in scholarships to 79 students pursuing insurance-related degrees. The program is a key incentive in attracting new talent to the insurance industry.
“InVEST congratulates the 79 students representing 23 high schools, colleges and universities in nine states, who earned scholarships this year,” says Cindy Hower, InVEST board chair and president of Kellerman Insurance, an independent agency in Holton, Kansas. “InVEST develops future industry professionals by teaching high school and college students about insurance, risk management and financial services. As a result, students from more than 800 InVEST programs across the country are better equipped to pursue careers in an agency, company or other insurance industry organization.”
InVEST contributes to the education and development of future insurance professionals through academic programs and scholarships. In high schools, the program offers students a business curriculum which teaches them about the dynamics of insurance agencies and companies. At the college level, the program develops students’ risk management and financial analysis skills. Along with corporate and direct contributions, scholarships are funded through proceeds generated by the InVEST Silent and Live auctions held in conjunction with the Independent Insurance Agents & Broker’s (IIABA or the Big “I”) Legislative Conference.
“A successful InVEST program is critical to the financial literacy of our young people, to the future of the independent agency system and to the insurance industry as a whole,” says Robert Rusbuldt, Big “I” president & CEO. “Many are concerned that the average age of an insurance agent is almost 60 and as baby boomers continue retiring in record numbers, the InVEST program has the potential to replenish our workforce and to produce the next generation of industry professionals and leaders.”
This year’s scholarship winners represent 23 schools and hail from California, Connecticut, Florida, Georgia, Louisiana, Michigan, New Hampshire, New York and Ohio.