Vaughan Institute of Risk Management and Insurance

RMI Student News


RMI Program Changes

*Course numbers are changing.
*We are adding a new risk management elective.
*Corporate and Financial Risk Management course will now be offered only once a year (fall).
*We are no longer offering Leadership and Personal Development as an elective, but will count it for those already taking it or planning to.

Since all of these changes will take affect academic year 2012-13, you may need to begin planning now. The new application form may help you with planning.

Corporate and Financial Risk Management will not be offered Spring 2013. This is a core course and you must take it Spring 2012 or Fall 2012 if you are graduating before Fall 2013. Also, if you haven't taken the pre-req Financial Information Technology, you will need to complete it before registering for Corporate and Financial Risk Management.

Beginning Spring 2013, you will now have the option of completing two of four insurance electives. We are adding a Risk Modeling course (FIN:4450) in the Spring of 2013 as an new insurance elective, Employee Benefit Plans (FIN:4440) will move to the fall semester, allowing us to offer two insurance electives each semester. Life and Health Insurance (FIN:4430) and Employee Benefit Plans will be offered each fall, and Property and Liability Insurance (FIN:4420) and Risk Modeling will be offered each spring.

What you need to know about the Risk Modeling Course
A significant number of our graduates are working in financial or risk analyst roles. This class should make you more competitive as an analyst candidate, if that is your goal.

Theory will be used to solve real-life practical problems taken from a diverse set of risk management applications. The applications are drawn from a variety of areas where risk analysis has become important including finance, insurance, corporate risk management and personal financial planning. This spreadsheet-based course surveys the principles of probability theory, mathematical finance, and actuarial science as they have developed for use in the quantitative analysis of important risk management problems. The pre-requisite for the course is Introduction to Financial Management (FIN:3000). Unlike other insurance courses, the Principles Course will not be a

Mentoring Program Update
Mentees, we hope you had time to meet with your mentors over break. if not, please contact your mentors in January and arrange to meet with them. Also, let Viana know what you have been doing with your mentors and your spring plans. We will feature one or more of our mentoring "pairs" in upcoming issues of the Mentoring Newsletter. Expect an interview from a writer sometime during the spring semester. The Etiquette Dinner should be great fun. Unless you have a class you can't miss, this is a required activity. See the notice under GIS for more information about the Feb. 6 Etiquette Dinner and to RSVP.

Resume Book and February 22 Spring Job and Internship Fair
The RMI Resume Book will be emailed to more than 200 recruiters and industry professionals in the US before the February Job and Internship Fair. If you were in the fall Resume Book, you don't need to do anything to be included. If you have accepted a job or internship, please let Viana know and she will remove your resume.

If you weren't in the fall RMI Resume Book, but would like to be included in the spring edition, please email Viana to request a waiver and instructions. All students must submit the waiver with an original signature. The deadline for submitting your resume and waiver to Viana is February 13 Resumes should be reviewed and approved by the Pomerantz Career Center before they are submitted for the RMI Resume book.

International Student Virtual Career Fair
The Hire Big 10 Plus Consortium (of which the University of Iowa is a member) is sponsoring an International Virtual Career Fair on January 25-26th. Employers are recruiting U.S. educated international students to fill positions both in the United States and abroad. The International Virtual Career Fair is free for students, and new employers will continue to be added until the day of the event. Interested students should register online, post a resume, search and apply for positions, and attend the virtual fair. For more information, contact Gayle Oliver-Plath.

HireAHawk--Your Key to Success
Many students don't realize the importance of a membership in HireAHawk. In addition to on-campus contact with regional and national employers, you can do a search for nationals job postings, schedule an interview or mock interview, get tips and assistance with resumes and cover letters, and connect with alumni. Most of the Vaughan Institute's industry partners list internships and jobs on HireAHawk and set up interviews through this system. The HireAHawk system has changed. Click on this PowerPoint for tips on using the new system and posting your resume.

State of Iowa Insurance Licensing Class-Response Requested
In December, you were asked to contact Viana if you were interested in a review course for state licensure. This is a good idea for any student who wants to become an underwriter, claims representative or sales person. Also, the Iowa license is recognized in some other states. All RMI students who are US Citizens are encouraged to consider this opportunity, which is offered by the Independent Insurance Agents of Iowa free of charge. You will receive the study materials at no cost (an $85 value). The only cost to you will be the fees associated with taking the exam.

Only two students responded. If you are interested, please contact Viana immediately. The three-day review (one Friday and two Saturdays) will likely be scheduled for early April if we have at least 10 interested students.

2012-13 Scholarships

RMI and Tippie College Scholarships
We have a limited number of scholarships for students who are completing the RMI Certificate. None of the RMI Scholarships are based on need, and all RMI students who are US citizens are encouraged to apply. The scholarships range from $1,000 to $2,500 and are sponsored by various organizations, including Principal Financial, Greater Quad Cities RIMS, and the Independent Insurance Agents of Iowa.

To be considered for RMI Scholarships and other Tippie College scholarships, apply online by February 29. Read the questions carefully and mark each place where it asks if you are an RMI student. Only students who indicate they are completing the RMI certificate will be considered for RMI scholarships, which range from $1,000 to $2,500 per year.

Industry Scholarships
Please remember that the Institute has a student resource center. You can work on resumes and cover letters and fax scholarship applications, resumes and cover letters from the resource center.

Motorists Mutual Scholarship: Advisory Board Member, Susan Haack, will recommend a student for a Motorists Mutual Scholarship offered through the Griffith Foundation. If you intend to apply for this scholarship, send Viana your resume and she will forward it to Susan. Then submit an online application.

The Iowa Insurance and Financial Services Education Foundation is offering a $2,500 scholarship to a College of Business Student, and they are interested in having risk management and Insurance students apply. The scholarship will be awarded to a US Citizen who will be a junior or senior during academic year 2012-13. Contact Nu Huynh to learn more about this scholarship. Application deadline is March 1.

Public Risk and Insurance Management Society-Due Feb. 15
The Iowa, Nebraska, South Dakota Chapter of PRIMA is offering a $500 scholarship to an Iowa student. Applications are due Feb. 15. Learn more and apply today!.

Industry News

Intermediaries & Reinsurance Underwriters Association (IRU)
2012 Summer Intern Program

The IRU is currently recruiting summer interns. IRU provides customized in-house development and training programs to the reinsurance Industry. Their internship program provides juniors and seniors with practical experience in reinsurance operations. Each intern spends eight weeks in the summer at the home office of a company sponsor, such as AXIS Re, Signet Star Re, Towers Perrin Reinsurance.

Students must have a 3.0 GPA and two recommendations from an advisor, dean or department chair. Applications are due February 1. Please contact Viana for an application form. Learn more...

United Fire Group, Cedar Rapids, Iowa
Underwriter Trainee June 2012

The United Fire Group will hire an underwriter trainee (US citizen) for their June 2012 program. The job is posted on HireAHawk. The company has hired at least four RMI graduates in the past few years and all of the graduates are still working for them, which is a testament to their exceptional culture and working environment. Click here for their application form or find their announcement on HireAHawk.

Transamerica (formerly AEGON) Summer Internships
Transamerica's remaining summer internships will be posted on their website by late January or early February. Check their website often for new postings. Also, in the near future, they will be recruiting 2nd and 3rd year accounting students for their Accounting Leadership Summit.

Holmes Murphy & Associates
Summer Internships

Holmes Murphy & Associates (corporate headquarters, Des Moines, IA) is currently recruiting summer interns (US citizens) for their offices throughout the Midwest. They will interview candidates on campus Feb. 23. Interns work full-time (38+ hours a week) and will be paid $12.00 per hour. Upon completion of the first year, interns may be asked to return for a second year. After completing the internship, they may be offered a job in a location mutually agreed upon. The positions are in sales or provide support to sales. Apply Now

Risk and Insurance Management Society
Join as a student member RIMS for free and connect with local risk managers and brokers. Check out the Greater Quad Cities RIMS Chapter.

Why should you join RIMS?

  • To connect to professionals all over the world working in risk management and insurance, including the local Greater Quad Cities RIMS members
  • To post your resume in their job bank and search for jobs posted on the RIMS website.
  • To connect with the local chapter and attend their educational and social meetings.

Gamma Iota Sigma

Meeting Schedule Set
Hold these dates for spring GIS meetings. Locations and speakers will be announced later. All meetings begin at 6:00 p.m. For more information, contact Justin Kolka. Most meetings will feature a speaker from the industry. Business casual dress will be required.

  • January 25: GIS Informational Meeting for Prospective New Members to learn about GIS
  • January 29: First Spring GIS Meeting
  • February 6: Mentoring Program Etiquette Dinner. Invitation below.
  • Feb. 12: Speaker
  • Feb. 26: Speaker and NAPSLO planning meeting
  • March 25: Final preparations for NAPSLO
  • April 8: Meeting and officers elections
  • April 22: Final meeting of the semester

Etiquette Dinner Feb. 6: Sign up now!
South Room Iowa Memorial Union
Time: 5:30 p.m.

All GIS and Vaughan Institute students are invited to attend the Etiquette Dinner on Feb. 6. You should have received a formal invitation by email. RSVPs are required, and seating is limited.. Please RSVP today. Dress professional and come prepared to meet industry representatives, enjoy a good meal and learn how to conduct yourself during a professional meal.

Dee Hurst will provide a 90-minute session will teach you the basics of table manners, restaurant etiquette, and executive entertaining.  We will walk you through the steps in responding to an invitation, meeting your host and fellow guests, topics of conversation, and first and last impressions.  This session will also cover ordering your meal and wine, the use of napkins, flatware and crystal, dealing with difficult foods and the ten most common dining errors.

Remember, a meal will be served to help you “practice” solving dining dilemmas.  Come and join us for an insightful and fun dinner.

RSVP today to Viana.

Plan now to attend the NAPSLO (Excess and Surplus Lines) Conference March 30-31.
A planning meeting will be held on February. Last year, the group of 14 students also met with three companies before attending the NAPSLO Conference. Most, if not all, expenses for up to 14 students will be covered by a gift from Dana Ramundt.

Highlights of last year's conference:
  • Prior to the conference, students attended one-on-one presentations from various companies such as Zurich, RT Specialty, and Allied Insurance.
  • They got to know Gamma Iota Sigma members from Chapters all over the US and Canada, including VCU and Illinois State.
  • NAPSLO was filled with fun events for all students, such as a dinner at Dick's Last Resort.
  • Students heard from some of the top people in excess and surplus lines insurance like Lloyd's of London that gave a presentation on the types of products they insure.

Become a GIS Member-Attend the January 25 Information Session
Many of the Institute's industry partners like to hire GIS members as interns and recent graduates. Don't miss out on this important opportunity to improve your resume and learn more about the industry.

New Membership Dues and Forms: All new members should bring dues to a spring meeting, if you haven't already paid. Also, members who haven't filled out the new membership forms should contact Justin Kolka as soon as possible.

Recruitment: Recruitment is an ongoing process at GIS and our best tool has been word of mouth. Let your friends know who we are and what we’re about as a student organization.

January 2012

In This Issue


Industry News

Gamma Iota Sigma

Important Dates and Deadlines

Feb. 6: Etiquette Dinner. Reserve your place today. 5:30 p.m, South Room, IMU. All RMI students welcome. Limited seating.

Feb. 13: Resumes and Waivers Due for Spring 2012 Resume Book

Feb. 29: Scholarship Applications Due to UPO

Action Items

  • RSVP for Etiquette Dinner
  • RSVP for Licensing Review Course (US Citizens).
  • Submit Resumes and Waivers by Feb. 13 for Resume Book
  • Attend the Feb. 22 Career Fair
  • Apply for scholarships by Feb. 29.
  • Join RIMS (free) and Gamma Iota Sigma
  • Attend January 25 GIS Information Session

Gamma Iota Sigma

Spring Highlights

January 25-26: International Student Virtual Career Fair

January 25: Informational Session for Prospective New Members

January 29: First Membership Meeting of Spring Semester

Feb. 6: Etiquette Dinner

March 30-31: NAPSLO Conference

Student News Archives

Vaughan Institute of Risk Management and Insurance
Henry B. Tippie College of Business