On Friday, February 8, 2019 sixty RMI seniors and eight Industry representatives participated in the highly popular “Day in the Life of a Renewal” workshop on campus. The workshop is structured to give students a hands on perspective of the inner workings of an insurance renewal. Students are split into groups spending the day as either a Risk Manager, Insurance Broker, or Insurance Underwriter. A series of five company policy renewal cases navigated through the negotiation process of the risk managers securing a broker for services and then negotiating among several insurance company underwriters for policy renewals. The day concluded with each representative team sharing their results and lessons learned from the process.
Workshop facilitators from Left to Right: Paula Henry, Angela Matherly, and Kathleen Eakes
