App State's is one of eight teams from four countries to advance in insurance competition

Students from Appalachian State University will compete in the Spencer-RIMS Risk Management Challenge at RISKWORLD® in San Diego, CA, for the Challenge’s top honor on May 5. 

The students, Carolina Davidson, Caroline Reeder, Ashley Weisser and Tom Phillips, will present their findings to a panel of judges and will answer questions in this annual global student competition that aims to inspire future risk leaders through a real-world business case study.

According to a press release, global student participation has reached a record-breaking level, with teams from nine different countries: Canada, China, Ghana, India, Kenya, Nigeria, Senegal, South Africa, and USA. with the eight (out of 38 initial) teams who made the finals representing four countries. The teams are from:

  • Appalachian State University – Boone, NC, USA
  • Durban University of Technology – Durban, South Africa
  • Illinois State University – Normal, IL, USA
  • Institute of Insurance and Risk Management – Hyderabad, India
  • Milpark Education – Cape Town, South Africa
  • Peking University – Beijing, China
  • St. Mary's University – San Antonio, TX, USA
  • University of Wisconsin-Madison – Madison, WI, USA


Based on the solutions they developed for the 2024 case study, the top eight teams of 38 teams who entered were invited to compete.

To learn more about the annual Spencer-RIMS Risk Management Challenge, visit

About the Department of Finance, Banking and Insurance

The Department of Finance, Banking and Insurance develops leaders for business, government and education by offering a Bachelor of Science in business administration in two specializations: finance and banking, and risk management and insurance. Learn more at

App State's Risk Management Challenge Team (l-r): Carolina Davidson, Caroline Reeder, Ashley Weisser and Tom Phillips
Published: Apr 11, 2024 1:00pm