Engaging young professionals in risk management requires creating a supportive community through mentorship and networking.
Industry designations like ARM and CPCU provide credibility, enhance career advancement, and influence broker selection by risk managers.
Deep dives
Engaging Young Professionals in Risk Management
One of the main ideas discussed in the podcast is the importance of engaging young professionals in the risk management industry. The hosts and guests highlight the need to attract and retain the next generation of talent, particularly by changing the negative perceptions associated with insurance and risk management. They emphasize the value of mentorship and networking in building relationships and creating a supportive community for young professionals. The podcast also explores initiatives like the RIMS Rising Risk Professionals (RRP) group, which aims to grow and support local chapters for young professionals nationwide.
Benefits of Pursuing Designations
Another key point discussed is the value of pursuing industry designations, such as the Associate in Risk Management (ARM) and Chartered Property Casualty Underwriter (CPCU) designations. The guests share their personal experiences in earning these designations at an early stage in their careers. They highlight how these designations provide credibility, open doors for career advancement, and enhance professional development. The podcast also touches on the increasing recognition of designations in influencing the selection of brokers by risk managers.
Importance of Learning and Open-mindedness
The podcast emphasizes the significance of continuous learning and having an open mind in the risk management industry. The guests share their own experiences of being curious, willing to ask questions, and seeking knowledge from experienced professionals. They emphasize that being open-minded allows one to adapt and grow in their roles, while fostering relationships and collaboration. The importance of mentorship and the willingness to seek guidance from industry veterans is also highlighted as a valuable resource for personal and professional development.
The Power of Building Relationships
The final main idea explored in the podcast is the power of building relationships and connections in the risk management industry. The guests emphasize the impact of networking, both within the industry and with peers. They discuss how building meaningful relationships with mentors, sponsors, and peers can contribute to career success and personal growth. The podcast also highlights the importance of developing a reputation for professionalism and integrity, as well as the benefits of maintaining strong connections throughout one's career.
Tyler Vaughan and Jasmine Klein join this episode to talk about what it’s like being young professionals in the risk and insurance industry. Tyler is a Business Analyst at Safelite Autoglass and Jasmine is an Assistant Vice President for the FINPRO department at Marsh. They share why they’re passionate about expanding the Global RIMS RRP Advisory Group and why it’s important to have a strong community of peers and like-minded professionals and they share their future dreams of where they’d like to grow into their roles.
Key Takeaways:
A little bit about Tyler and Jasmine.
Why are Tyler and Jasmine so passionate about growing the RIMS RRP (Rising Risk Professional) network?
After Tyler and Jasmine graduated college, they felt like there was a lack of community for their demographic to really network and grow within the risk and insurance industry.
How did Tyler and Jasmine find themselves in insurance?
What do Tyler and Jasmine look forward to the most when it comes to growing and expanding into their career?
What's it like being an F45 Instructor? Jasmine shares her experience as an athletic trainer.
How does RRP define its peer group and demographics?
In insurance, you can get lost in the shuffle, so it’s important that you make an effort to connect with new people in your industry regularly.
It’s on you to put yourself out there and build your network.
There’s so much opportunity in this industry. You’re never going to be “stuck” in a boring place.
How did Jasmine earn her insurance CPCU and ARM designations so quickly?
What have been the biggest takeaways for both Tyler and Jasmine thus far in their careers?
