June 30, 2017
The Darla Moore School of Business is one of 12 schools in the United States and 20 schools in the world to receive the Global Center of Insurance Excellence (GCIE) designation in its first year. This designation, awarded by the International Insurance Society (IIS), is intended to recognize universities with the top insurance programs in the world.
“The GCIE designation serves as a testament of distinction which will enhance the universities’ standings in the highly competitive advanced education arena, while also serving to enrich relationships with the insurance industry where talent demands are surging,” says Mike Morrissey, IIS President and CEO. “Recruiting the next generation of insurance professionals is a critical issue facing the insurance industry across all markets. The GCIE program is designed to support the advancement of our industry’s education programs and will provide a tool for the industry to identify those institutions that generate new talent.”
In order to receive the designation, a university must offer an insurance major and have a certain number of qualified faculty members and graduates of the program to ensure that valuable connections can be made between the school and the professional insurance world.
Robert Hartwig, clinical associate finance professor and co-director of the Moore School’s Center for Risk and Uncertainty Management, says the designation incorporates the Moore School into this “international think tank.”
“The GCIE designation recognizes both the academic rigor as well as the quality of talent produced by the Moore School’s program in terms of its graduates,” Hartwig said. “The fact that only 20 institutions worldwide were awarded the certification is a testament to the Moore School’s reputation in the field of risk management and insurance, its deeply experienced faculty, and an enduring commitment to educating the next generation of industry leaders. We are honored to receive the GCIE designation and proud of the program’s achievements, its graduates and the difference they make in this critical and global industry.”
According to IIS, the goal in creating the designation was “to encourage universities to play an integral role in advancing insurance knowledge, to enhance insurance research and intellectual capital development, and to build connections between the profession and top-tier academic programs and faculty.”
By Madeleine Vath