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Samford University’s Brock School of Business opens Alfa Risk Management and Insurance Lab

Samford College’s Brock School of Business, in partnership with Alfa Insurance coverage, opened the Alfa Threat Administration and Insurance coverage Lab Thursday, Sept. 23, 2021. The lab, paired with expanded danger administration and insurance coverage programs and extra experiential alternatives, is a serious part of a multipronged initiative to arrange Samford college students for careers within the danger administration and insurance coverage business.

Geared up with main information analytics software program used within the business, college students will use the house to work on real-world tasks for business companies comparable to Alfa as a part of course tasks and/or internship applications. The house can even permit them to have interaction with professionals within the business, a lot of that are members of the Brock School of Business Risk Management and Insurance Advisory Board.

Members of Alfa’s management crew attended the ribbon-cutting occasion. They every expressed confidence within the academic objective of the brand new facility in addition to their assurance within the partnership’s funding in individuals.

“At Alfa, we’re targeted on excellence within the 4 Ps—merchandise, pricing, processes and other people,” mentioned Tommy Coshatt, Alfa’s government vice chairman of operations. “That fourth P is what distinguishes Alfa from our rivals. This lab is an funding in individuals. It doesn’t matter how nice our merchandise, pricing and processes are if we don’t have individuals who care about our prospects and have the data and experience to satisfy their insurance coverage wants. We applaud Samford for its dedication to equipping college students for profitable careers within the insurance coverage business.”

Along with the bodily house, Brock College of Enterprise will launch the 12-credit hour Threat Administration and Insurance coverage focus for enterprise majors in Spring 2022, pending ultimate approval. The curriculum will embody programs comparable to Worldwide Insurance coverage Markets and a FinTech/InsureTech course.

Samford’s Gamma Iota Sigma pupil chapter, one other prong of the initiative, has been in place since 2019. This group, a subsidiary of the worldwide danger administration and insurance coverage fraternity, permits college students to have interaction with their friends and business professionals throughout the nation via conferences and seminars.

“The issues our college students will be capable to accomplish with the addition of this lab will set them aside as they go search out

jobs inside the danger administration and insurance coverage business,” mentioned Brock College of Enterprise Dean Chad Carson. “Alfa and

Samford share the Christian values which can be integral to our cultures and that has made this partnership even

extra important to us.”

Alfa Insurance coverage President and Chief Government Officer Jimmy Parnell agreed with the shared values of the 2 organizations.

“All corporations are in search of individuals with values,” he mentioned. “Skillsets are essential, however values are in all probability extra essential and that background that Samford college students have is big. We’re grateful to have this partnership with Samford, and we hope this lab will probably be a profit to the college as y’all proceed to develop your danger administration and insurance coverage program.”

Future targets of the initiative embody a pupil managed insurance coverage firm and a examine overseas program which is able to concentrate on the London insurance coverage market.



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