Why Insurance in Your Classroom? MBEA Conference Fall 2017

Why Insurance in Your Classroom? We will discover how insurance education can work in any classroom and explore career paths that any student can take to find a good job in the industry. We have curriculum to teach how to be a good consumer when they are out in the work force. We also have curriculum to give them a jump-start to a career in any other of the 32 different insurance career paths they can take.

Objectives of the Presentation Gain a different perspective of the insurance industry for your classroom Provide resources to teach insurance in the classroom. Learn about free InVEST Insurance Curriculum Share information about insurance education programs offering 9 free college credits. Learn about opportunities for great careers in the insurance industry

Presenters Rita LaMoreaux, Michigan Association of Insurance Agents Represents Independent Agents Loves History and Hockey Lori Conarton, Insurance Institute of Michigan Represents Insurance Companies Loves Coffee and Cats

Why Teach Insurance? Everyone needs insurance The student becomes a better consumer Resources are free and out there to have a full curriculum or just parts and pieces Guest Speakers are always available Fits in to business or financial literacy curriculum It’s a great career with over 32 possible job options

Why Bring Students to Insurance? Insurance is a challenging, rewarding, stable career choice. Jobs in the insurance industry are high wage There are many varied careers in the insurance industry

U.S. Insurance Employment The Deloitte Insurance Academy 2010 U.S. Insurance Employment *Other includes independent claims adjusters, third party administrators, other service personnel April 2015 preliminary data; seasonally adjusted Source: U.S. Bureau of Labor Statistics; Insurance Information Institute Module 1 Overview of the Insurance Business 7

RMI Curriculum Content Process Risk management tools The risk management process Risk transfer Pooling and the Law of Large Numbers Spreading the unbearable losses of a few over many The insurance mechanism Legal nature and structure Auto, home, life, health Insurance policies Market – structure, regulation, cycles Providers – private sector, government The business of insurance Agents/brokers Actuaries, claims investigators/adjusters, underwriters Risk management analysts Career entry points

Insurance Curriculum approved for High Schools* Concepts, terminology Insurance market, regulation, financial aspects, operations Nature of property and liability insurance exposures and provisions Risk management Principles Automobile Home Life and retirement Disability and health Personal Insurance Property, business interruption, crime, large equipment breakdown Inland and ocean marine General liability, business automobile, workers compensation Businessowners package, specialty and emerging coverages Commercial Insurance *Approved in 2013 by the Michigan Department of Education in the Finance Cluster, Insurance Pathway

College Class in the High School Full Year 9 Credits One Semester Bits & Pieces College Class in the High School InVEST Curriculum

High School Programs College Programs Eaton RESA & Farm Bureau Ingham ISD & Accident Fund Tuscola ISD & Frankenmuth Genesee ISD & Pioneer Avondale Schools & Meemic Traverse Bay & AAA Lansing Sexton High School Charlotte High School Olivet College Ferris State University Northwood University Northern Michigan University Davenport Lansing Community College

InVEST investprogram.org

InVEST Curriculum Web site Textbook 12 chapters Sample teacher lesson plans Discussion questions Short quizzes

InVEST Resources Textbook and Teacher Guide Lesson Plans Presentations Games Office Simulations Agency Management System Videos Guest Speakers Scholarships

Create an Agency In Your Classroom

Insuring MI Future Insuringmifuture.org

Insuring MI Future Programs Current high school programs housed at insurance company offices: Eaton RESA, Olivet College, Farm Bureau Insurance Charlotte High School, Olivet College Genesee County ISD, Olivet College, Pioneer State Mutual Insurance Ingham ISD, Ferris State University, Accident Fund of Michigan Lansing Schools District, Olivet College, Accident Fund of Michigan Frankenmuth Public School & Tuscola County, Northwood University, Frankenmuth Insurance Avondale Schools, Olivet College, Meemic Insurance Traverse Bay Area ISD, Olivet College, AAA Insurance

Classroom is an insurance company headquarters

Thank You