Recently, five Olivet College students were awarded undergraduate scholarships from Spencer Ed — Elizabeth Fisher, Alexis Hanchett, Delaney Peters, Allyson Sears and Zoie Walters. In addition, Elizabeth, Alexis, Delaney and Zoie were also awarded scholarships from the Wholesale and Specialty Insurance Association (WSIA).
“Our students work extremely hard, both in and out of the classroom,” said Thomas Humphreys, CPCU, CLU, ChFC, CIC, director of the OC risk management and insurance center. “It is so exciting to see them contend with other quality students from top programs around the country and be recognized for their accomplishments. These scholarships are extremely competitive and for so many of Olivet College insurance and risk management students to receive them speaks to the value of our program.”
The students are certainly grateful for them. Rising senior and actuarial science major Delaney Peters is using her scholarships to take a few more electives during her final year, which will help her gain more insurance licenses. Rising senior Alexis Hanchett, an insurance and risk management major, stated, “Without scholarships I wouldn’t be able to continue at Olivet and works toward my goals.”
Spencer Ed is a nationwide organization focused on assisting students majoring in risk management, insurance, business and actuarial science. It offers a variety of resources for students, such as listing job openings on their website, offering online seminars for students and awarding grants and scholarships that range between $5,000 and $10,000. Olivet students have won a variety of Spencer scholarships before. In fact, Delaney, Elizabeth, Allyson and Zoie are all previous scholarship recipients.
Established in the 1970s, the WSIA Education Foundation has been supporting insurance and business-related majors through scholarships since the 1980s. They specifically focus on those interested in excess or surplus lines, a special type of insurance that covers high-risk situations, which Alexis said she is interested in pursuing in her career.
“I want to find a company that fits my personality and challenges me,” Alexis said. “My future goals include obtaining my master’s in insurance as well as working toward insurance designations and licenses.”
Delaney, on the other hand, is looking at going into health insurance. “I have always had a passion for health insurance, and I would love to provide my clients with a sense of security so that they feel confident about using their health insurance to stay healthy,” Delaney said. She also expressed the same passion when she won her previous scholarship from Spencer Ed.
“There is a ton of opportunity in the insurance industry,” Delaney said, “and there are a variety of jobs that do not just revolve around underwriting or claims. This is the best time to major in insurance because a lot of ‘higher-ups’ are retiring, so the opportunity for advancement is a lot more probable than ever before.”
As she approaches her final year at Olivet, Alexis recommends the program to high school students, “If you even have a small interest in working in the business world, consider insurance as a major and career.
“I originally came to Olivet with a plan of majoring in business, but all the opportunities insurance has to offer made me feel that it was the better path for me. Insurance is more than just underwriting, claims and selling. Insurance needs the basics of every business, including HR, marketing and IT specialists. Insurance has many outlets where you can make a successful career, and I would recommend this career path to anyone who asks.”
For more information about Olivet College, contact the Office of Admission at 800-456-7189 or email@example.com.
This feature was written by Bray Wright, marketing and communications student intern. She is an English major and writing minor, a scholarship winner of the Global Citizen Honors Program and a staff member of the Garfield Lake Review. A self-proclaimed storyteller, she plans on going into the publishing industry after college.