High school students earn college credit while exploring the world of insurance and risk management
The University of Olivet, Farm Bureau and the Eaton Regional Educational Service Agency (ERESA) were honored as the 2024 Outstanding Business Education Partnership by the Michigan Association for Career and Technical Education (MI ACTE) for significantly contributing to career and technical education (CTE) programs.
The University of Olivet, Farm Bureau and ERESA have partnered for over 10 years to introduce high school students to and prepare them for the insurance and risk management (IRM) field as a course of study in college and as a career. High school students enrolled in “Insurance Academy” can earn up to nine free credits toward a degree in IRM from The University. Students who go on to major in IRM at Olivet can graduate in just three and a half years.
High schoolers investigate the process of risk management and the insurance field, including social value, economic influence, loss exposures and protection, marketing, claims adjusting, underwriting, personal insurance, financial planning and commercial insurance. The program also prepares students to take three Associate in General Insurance (AINS) national certification exams administered by the Insurance Institute of America.
Olivet’s IRM program is ranked number three in the nation by the prestigious Best Review and students learn from industry expert, Gregory Brown.
Brown said, “Securing this award is satisfying because of the dedicated effort invested in cultivating the relationship between The University of Olivet and Farm Bureau. I believe the success of this partnership stems from the shared vision between Farm Bureau and The University regarding the importance of nurturing the next generation of the insurance industry workforce. What makes this experience exceptional is that it has never felt like work. The commitment of Farm Bureau to youth development, their collaborative spirit, and the seamless synergy throughout the growth process have made it a joy to contribute to elevating this program to new heights.”
Classes are taught at the Farm Bureau national headquarters in Lansing, giving students a first-hand look at insurance as a career path. Upon completion of the program, opportunities are available to students at insurance companies and insurance agencies across the state.
Thomas Humphreys, CPCU, CLU, ChFC, CIC, director of Olivet’s insurance and risk management program and asociate professor of insurance and risk management, said “This program has been an exciting opportunity to expose students to the potential of working in the insurance industry, something most high school students would never consider. After completion, some students go directly into a position in an insurance company or agency, while others capitalize on the college credits they earned to further their education in The University of Olivet’s Insurance and Risk Management bachelors degree program. Tracking student’s progress from high school, to college, to successful employment with firms is very satisfying and confirmation of the value this partnership provides.”
Learn more about The University of Olivet by contacting the Office of Admission at admissions@UOlivet.edu or 269-749-7635.