The NAMIC Mutual Insurance Foundation
The property/casualty insurance industry offers a wide variety of career opportunities for students from diverse backgrounds. Insurance is not just for students on the traditional academic path toward degrees in insurance or risk management. There are also many opportunities for students pursuing general business, finance, computer technology, predictive analytics/modeling, and much more.
Amount Donated to Students
More Than $100,000 Awarded
The NAMIC Mutual Insurance Foundation Scholarship is specifically designed for undergraduate students who plan to pursue a career related to the insurance industry. The NAMIC Mutual Insurance Foundation Scholarship is looking for dedicated individuals in need of additional funds to complete their studies and join the thousands of insurance professionals serving property/casualty policyholders.
In 2012, a group within the National Association of Mutual Insurance Companies, known as the NAMIC Merit Society, developed a scholarship program to support students seeking an undergraduate degree in the insurance and risk management fields. The Merit Society dates back to the 1970s when it was formed to recognize individuals within the insurance industry who strive to complete rigorous training programs, professional development, and other opportunities for learning, service, and contributions related to their chosen profession. With its focus on supporting those who attain high levels of education, the creation of a scholarship program for undergraduate students seemed a natural outgrowth of the work of Merit Society members.
So, in 2011, the Merit Society Board of Directors recommended that a scholarship program be established and managed by the Society. An application process was developed, criteria for eligibility was established, and a volunteer group created to review submissions and recommend qualified students to receive scholarship funds. During its inaugural year in 2012, the Scholarship Program awarded two $500 scholarships. From 2013 through 2019, the Scholarship Program has awarded more than $100,000 to deserving students.
In 2019, in celebration of NAMIC’s 125th anniversary, the NAMIC Mutual Insurance Foundation has expanded its fundraising efforts considerably to raise a substantially higher level of donations to support and attract current students who will become the future professionals of the mutual insurance industry.