Responsibility Leader® David Young
Senior Vice President
Leading the Talent Hunt
David Young designed a Practical Enterprise Risk Management course for the University of Colorado in Denver as part of its new risk management and insurance degree program. The course, which has the overall goal of encouraging students to look at insurance as a desired career choice, is an expansion of an internship program at the college that he oversaw in a previous semester.
The goal of the course, a combination graduate/undergraduate course which Young taught last fall, is to teach the theory of enterprise risk management and then have it practically applied in the form of an enterprise risk management report on a local publically traded company. The goal is to foster student interest in the insurance industry and even land the student a job. Each report makes a business case for the creation of a risk analyst position focused on enterprise risk management.
"Having just one student land that position will definitely make all the hard work worthwhile," Young said.
It matters because Young, like many other industry veterans, is worried about the "impending knowledge drain," about to hit the property/casualty industry. The impending dearth of talent is no game and Young has no intention of staying on the sidelines while bright young graduates choose investment banking over insurance. The time for the industry to act is now, and Young wants to do his part.