AM Best Opens Public Voting for 2025 Student Challenge Competition

Business Wire

OLDWICK, N.J.--(BUSINESS WIRE)--
Public voting is now open for AM Best’s 2025 Student Challenge, which gives undergraduate and graduate students the opportunity to develop innovative solutions for risk management and insurance.

Members of the public are invited to vote for their favorite idea from among three finalists:

A dynamic inventory management app for homeowners from Tausif Utchhash and Connor Donahue of the University of Akron. The proposed app would offer real-time assessments of personal property values and replacement costs to help homeowners maintain accurate inventories and coverage limits, while also providing claim submission.
An insurance education tool for new and small businesses from Tom Budz of Florida State University. This idea would help small business owners understand their insurability before operations have begun.
A tropical storm parametric microinsurance solution for Latin America and the Caribbean (LAC) from Hernán Burgos and Alexander Porte of UW-Madison – Wisconsin School of Business. This idea would provide coverage to low-income individuals and micro enterprises in LAC coastal regions using real-time meteorological data.

View the students’ presentations and vote on them from March 18 to April 4, 2025. The winner will be announced in Best’s Review on June 1, 2025.

“The students who participated in AM Best’s 2025 Student Challenge impressed us with their thoughtful risk management and insurance solutions that, if implemented, could have a positive impact,” said Lee McDonald, AM Best’s senior vice president, publication & news services. “We appreciate their insight and innovation, which gives us optimism about the future of the insurance industry.”

AM Best’s 2025 Student Challenge is a company initiative to support the development of new talent in the insurance industry. AM Best also provides an analytical development program.

AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.