Other External Funding Opportunities: Scholarships

New York State Insurance Fund Scholarship

The New York Insurance Scholars program recognizes exemplary individuals who embody the qualities necessary to excel in the insurance industry. Scholars will have access to mentoring opportunities with seasoned professionals, career and internship resources and visibility within the community of insurance industry leaders.

Deadline: April
Award Amount: Up to $10,000
Eligibility: A person matriculated in an accredited college or university that is authorized to confer degrees as a candidate for a baccalaureate or graduate degree. Scholastic standing (minimum of 3.0 GPA). Desire to work in the insurance industry. Community involvement/volunteer work. Not receiving or eligible for full reimbursement for the expenses of tuition, board, books, etc. from another source.

Captive Insurance Companies Association (CICA)

The CICA 2021-2022 Student Essay Contest “Using Captive Insurance Solutions to Address Coverage Gaps”, sponsored by Strategic Risk Solutions, invites students to develop strategies for one of two case studies to help an organization create captive insurance solutions to provide member value and address coverage gaps for current and emerging risks. Student teams had the opportunity to learn from and interact with mentors at Strategic Risk Solutions in learning about their case and understanding key considerations in developing effective captive solutions.

Deadline: January
Award Amount: Up to $2,500 
Eligibility: Must seek a career in Risk Management/Insurance. Must be enrolled at an accredited college/university in the United States or Canada for the full 2022-23 academic year (at least 2 semesters, from September 2022-May 2023). Relevant work/internship experience and leadership skills preferred. Must be majoring/minoring in Risk Management/Insurance or a related field of study (e.g., actuarial science, business, finance, information technology).

Association of Insurance Compliance Professionals (AICP)

In an effort to encourage, support, and reward college students who have an interest in insurance as a career/field of study, the AICP Scholarship Program awards three $1,500.00 scholarships annually to selected recipients. 

Deadline: June
Award Amount: $1,500 
Eligibility: Undergraduate applicants must be full-time students, as defined by the accredited educational institution they are attending. Applicants must have completed the equivalent of at least two (2) years of full-time college course-work, earned fifty percent (50%) of credit hours required for graduation, or have completed an Associate degree from an accredited educational institution. All applicants, whether undergraduate or post-graduate, must have declared his/her major course work to be in the field of Insurance, Actuarial Science, Economics, Finance, Management, Mathematics, Risk Management, Statistics, or a Business-related field. Applicants must have a cumulative G.P.A. of 3.00.

The SILA Foundation Scholarship

The Securities and Insurance Licensing Association Foundation, Inc. (SILA Foundation, Inc.) is proud to offer the availability of ten one thousand dollar ($1000.00) scholarships to students focused on careers in the insurance and securities industry for use at any accredited post-secondary college or university within the continental United States.

Deadline: April-May
Award Amount: $1,000 
Eligibility: Be a U.S. citizen or permanent resident. Have a cumulative grade point average (GPA) of 3.00 or better. Be enrolled in one of the following areas of study:
Insurance/Compliance/Risk Management; Finance/Accounting/Actuarial Science; Business Information; Information Technology. Be enrolled in a minimum of twelve (12) credit hours at an accredited post-secondary school OR be enrolled in a minimum of nine (9) credit hours at an accredited post-secondary school AND employed part-time working at least 20-hours weekly OR be enrolled in a minimum of six (6) credit hours at an accredited post-secondary school AND employed full-time working at least 32-hours weekly. 

The Chinese American Insurance Association of New York

Chinese American Insurance Association of NY awards scholarships to Master's students of Chinese descent. Preference is given to students who work and/or reside in the NYC metropolitan area as the award is made in person during CAIA's annual Chinese New Year Banquet (March 23, 2023). Students in the Columbia Master's in Insurance Management program are invited to apply. The internship requirement noted on the website is not applicable to IM students. Deadline to submit your application is February 17, 2023. 

Deadline: February

Eligibility: The candidate must be of Chinese descent, majoring at a qualified institution of higher education in: Insurance Studies, Risk Management, Actuarial Science, or related business majors, such as Business Administration, Finance and Economics.