College of Business Risk Management & Insurance Studies Program Semi-annual Report to Stakeholders

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1 College of Business Risk Management & Insurance Studies Program Semi-annual Report to Stakeholders July Dec BE BOLD. Shape the Future Welcome to the Semi-Annual NMSU Risk Management & Insurance Studies newsletter, highlighting activities of the program during the second half of We continue to have great success in placing students interested in RMI careers. Below are some of the placement activities of new graduates and recent alumni: Pedro Franco ADP El Paso, TX Emmanuel Lewis Specialized IRA Services Albuquerque, NM Rebecca Moseley Hill & Usher Insurance & Surety Phoenix, Arizona Area Karisa Parra Litchfield Specialty Risks El Paso, TX Graham Pinney S&C Claims Rio Rancho, NM Levi Prieto Prudential Insurance (Intern) El Paso, TX Elvira Rodriguez Hub International Las Cruces, NM Breanna Ruiz Hudson Insurance Group Scottsdale, AZ Amanda Siañez Border City Insurance Services El Paso, TX Patrick Tullius NEFCO Fire Investigations El Paso, TX From Captive.com: The insurance industry has historically been "older" than the rest of the working population, has a harder time conveying its career and value proposition, and has an almost nonexistent talent pool to draw from (comparatively speaking), such that our industry is going to feel this labor shortage pain first, worse, and longer than the rest of the economy. While this labor shortage is impacting all business disciplines (insurance, finance, and accounting), unlike the insurance industry, there are around 750+ finance degree programs at US colleges and universities and nearly 2,000 accounting programs. There are only around 85 insurance and risk management degree programs generating about 5,000 bachelor of science (BS) graduates a year to fill approximately 500,000 job openings. Furthermore, traditional MBAs are receiving more training in finance, accounting, etc., but are given little to no insurance or risk management material.

2 NMSU College of Business Risk Management & Insurance Studies Program Page 2 of 9 Tim Query was elected as President of the Asia-Pacific Risk and Insurance Association for APRIA was created in 1997 to provide a means for all persons and entities with an interest in risk management, insurance, actuarial science, and related areas to share ideas and to engage in collaborative research for the ultimate benefit of the insurance industry. APRIA is international, drawing members from throughout the world, but particularly from Asia-Pacific countries. Dr. Query is pictured with outgoing President Mariko Nakabayashi from Meiji University (Japan). SCHOLARLY ACTIVITIES Publications and Articles: Diz, Evaristo and Tim Query, 2018, Using Multivariant Regression Analysis to Compute Longevity Risk and Actuarial Liability: The Case of Social Benefits for Workers in Venezuela, Journal of Finance and Economics Special Issue on Longevity Risk, Vol. 6: Query, J. Tim, 2018, Actuarial Science Advisory Boards: A Survey of Current and Best Practices, Journal of Education for Business, Vol. 93. Fong, Joelle and Tim Query, 2018, Comparing and Contrasting Professional Chartering Bodies Globally and their Role in Risk Management & Insurance Education, Journal of Risk Education, Vol. 8: Query, Tim, 2018, Southwestern Universities Focus on Training the Next Generation of Risk Managers, Property Casualty 360 o, (September).

3 NMSU College of Business Risk Management & Insurance Studies Program Page 3 of 9 GUEST SPEAKERS Once again, many risk management and insurance professionals stepped up and shared their experience and expertise with our RMI and Statistics classes. Speakers this semester included: Darlene Arbolante PHP Insurance Agency (middle right) Celeste Bernal Citizens Bank Sandra Callanan Mountain States Insurance Group Bobby Maes Litchfield Specialty Risks (bottom right) Lupita Rodriguez (top right) Enterprise Risk Management and Health Care Risk Manager Nathan Stephenson Daniels Insurance Gordon Thompson AmerRisk Consulting Katrina Weiss State Farm If you have an interest in speaking to our insurance classes (daytime) or to a student group (evening), please let Dr. Query know at tquery@nmsu.edu or

4 NMSU College of Business Risk Management & Insurance Studies Program Page 4 of 9 NMSU Alumnus Melissa Tomita Elected to the Casualty Actuarial Society s Board of Directors Since her graduation from NMSU, Melissa (Nowalk) Tomita has been a valuable alum willing to give back to her alma mater by mentoring actuarial science students. She has also been very productive in her career, achieving the Fellow of the Casualty Actuarial Society (FCAS) and CPCU designations. Melissa is currently the Financial Business Director at Nationwide Insurance in Arizona. Karisa Parra named Mountain States Insurance Group Outstanding Risk Management & Insurance Student for Fall 2018 Karisa is originally from Albuquerque, and has attended the WSIA, IIANM, and RIMS conferences while a student at New Mexico State University. She was also active in the Beta Beta Chapter of Gamma Iota Sigma, including serving as an officer. During the past summer and autumn Karisa gained work experience at McGonigle Insurance in Las Cruces. L-R Finance Dept. Head Ken Martin, Karisa Parra, Prof. Tim Query Karisa has accepted a position at Litchfield Specialty Risks and will begin training in El Paso, TX soon. From there she will have a territory in the western region as a Mobile Underwriter.

5 NMSU College of Business Risk Management & Insurance Studies Program Page 5 of 9 RMI Alumni Profile Jamie Snapp Jamie graduated from NMSU s RMI program in Spring, While in Las Cruces, she was the president of the Beta Beta chapter of Gamma Iota Sigma and awarded the Mountain States Insurance Group Award for Outstanding Achievement in Insurance. She attended the annual RIMS and Independent Insurance Agents of NM conventions. At the IIANM convention, she met her future boss, Bill Fortner of AVI Risk Management and Insurance Brokers. Jamie interviewed in December 2012 and began her career at AVI in June, 2013 as a marketing assistant marketing potential new business to the agency. She progressed to account manager on one of the agency s largest construction clients, to account manager on an assigned book of business, and was recently promoted to Commercial Lines Manager. She has a strong affinity for continuing education, as evidenced by her achievement of the Associates in Risk Management (ARM) designation and successful completion of multiple Certified Insurance Counselor (CIC) courses. Outside the office, she enjoys spending time with her family, riding horses, and working on her hobby farm. Jamie would like to thank the Finance Department at NMSU for their dedication to providing networking opportunities in an industry which heavily relies on relationships. The relationships she developed while in college with classmates who are now colleagues, industry members, and her employers have proven invaluable.

6 NMSU College of Business Risk Management & Insurance Studies Program Page 6 of 9 GAMMA IOTA SIGMA The Beta Beta Chapter of Gamma Iota Sigma, a professional fraternity for students interested in insurance, actuarial science, and international risk management was very active this fall. GIS held a fundraiser at Chipotle s, and a bake sale outside of Walmart this semester. In addition, three officers of Gamma Iota Sigma Ashley Atwater, Dominic Maldonado, and Karisa Parra attended the national Gamma Iota Sigma conference in Chicago, IL this fall. They took advantage of numerous networking opportunities with potential employers and fellow students who have chosen to study risk management and insurance while in college. GIS also co-hosted joint meetings with other College of Business student groups throughout the semester. Faculty Advisor Tim Query and five Gamma Iota Sigma members from the Beta Beta Chapter traveled to El Paso in December to assist with the Chartering Ceremony of the new Gamma Theta Chapter of GIS at the University of Texas El Paso (see above). Speaking of Gamma Iota Sigma, two of our chapter officers graduated this past December. Congratulations to Karisa (L) and Anna (R), as well as all our graduating RMI students!

7 NMSU College of Business Risk Management & Insurance Studies Program Page 7 of 9 GIVING TUESDAY arrived with more scholarship funds to award to worthy RMI students. Thank you, Burke Insurance Group and Farmers Insurance Agents, for supporting the future of the insurance industry! L-R, Farmers Insurance Agents: Darin Manes, Betty Solis & Dominic Vigil not pictured are: Rick McKelvey & Scott Yurcic L-R Associate Dean Casaus, Prof. Query, Shawn Gustafson - representing Burke Insurance Group, LLC and the company s $5,000 current use scholarship donation - Dean Hoffman CHECK OUT OUR NEW VENDOR BOOTH The original vendor informational booth we used at Trade Shows, High School events, etc. served us well over the past eleven years. However, all good things must end, so it was finally retired last summer (proving duct tape can extend an asset s economic life only so far). Fortunately, New Mexico State University RMI alum Jacob Lujan was able to connect us with his employer, Philadelphia Insurance, who helped us design and generously paid for a new informational booth. Muchas gracias, Philadelphia Insurance!

8 NMSU College of Business Risk Management & Insurance Studies Program Page 8 of 9 Not only are IIANM, NMM, and MSIG members of the NMSU College of Business Hall of Fame, but all three organizations hosted NMSU Risk & Insurance students during our visit to Albuquerque this fall! The Risk Management and Insurance Studies Program at NMSU brought one faculty member and a dozen RMI students to the Independent Insurance Agents of New Mexico s annual Convention and Trade Fair. The students were able to network with a wide variety of insurance professionals. The day after the conference, Dr. Query and the students took field trips to Mountain States Insurance Group (lower left) and New Mexico Mutual (lower right), respectively.

9 NMSU College of Business Risk Management & Insurance Studies Program Page 9 of 9 For ways to make an impact or to give to a scholarship, please contact Anthony Casaus Assistant Dean, Development & Alumni Relations New Mexico State University College of Business MSC 3AD, PO Box Las Cruces, NM acasaus@nmsu.edu Phone: Cell: or make a secure online charitable contribution at