1. Why Insurance in Your Classroom?
MBEA Conference Fall 2017

2. 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.

3. 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

4. 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

5. 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

6. 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

7. 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

8. 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

9. 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

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

11. 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

12. InVEST
investprogram.org

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

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

15. Create an Agency In Your Classroom

16. Insuring MI Future Insuringmifuture.org

17. 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

18. Classroom is an insurance company headquarters

19. Thank You