The partnership will allow students to learn about the depth and variety of career opportunities in captive insurance. It will also provide captive leaders an insight on how to attract young professionals to start a career in the market.
As part of the programme, CICA will sponsor several Butler students to attend the 2018 CICA International Conference to help them learn from and network with a range of industry leaders.
Attendees of the conference will also get to learn from Butler students and their professor on using captives and experiential learning to recruit and train millennials.
CICA industry leaders will also feature as guest speakers in the Butler risk management programme.
Dan Towle, president of CICA, said: "We know our industry is facing a looming talent crisis as more insurance professionals retire in the next few years. We need to think creatively about how to help our industry leaders connect with and engage top talent. Our partnership with Butler provides a great opportunity to do this.”
Finn added: "CICA and Butler's Risk Management and Insurance Program share the goal of giving students and young adults exposure to industry opportunities. By providing Butler students with attendance to the annual CICA Conference, we're partnering to fulfil this goal in granting access to captive experts, future employment opportunities, and inspiration around captive risk management careers. We are thrilled to be working with CICA on furthering this mission.”
CICA also launched its own mentorship programme in September to prepare students for a career in the captive insurance industry.
The programme provides opportunities for professionals from all levels of experience to build their career skills and be a part of a movement to develop future captive industry professionals amongst millennials.