How the Griffith Foundation Can Help You Teach Insurance and Risk Management

1. INFORM+INSPIRE How the Griffith Foundation Can Help You Teach Insuranceand Risk Management Louisiana Youth Financial Educators Summit Monday, September 27, 2010 The Griffith Insurance Education Foundation

2. About the Griffith Foundation • 501 (c)(3) Educational Foundation • Promotes the study and teaching of risk management and insurance (RMI) • All levels of academic pursuit • Higher Ed • Public Policy • K-12 The Griffith Insurance Education Foundation

3. American attitudes towards insurance The Griffith Insurance Education Foundation

4. American attitudes towards insurance The Griffith Insurance Education Foundation

5. American attitudes towards insurance The Griffith Insurance Education Foundation

6. American attitudes towards insurance The Griffith Insurance Education Foundation

7. Risk Management and Insurance Education Cycle The Griffith Insurance Education Foundation

8. Risk Management and Insurance Education Cycle The Griffith Insurance Education Foundation

9. Risk Management and Insurance Education Cycle The Griffith Insurance Education Foundation

10. Jump$tart Standards • “Model that represents a framework of an ideal personal finance curriculum” • “Financial Literacy” - ability to use knowledge and skills to manage financial resources for lifetime financial security The Griffith Insurance Education Foundation

11. Jump$tart Standards • Risk Management and Insurance • “Use appropriate and cost-effective risk management strategies” • #1 – Identify common types of risks and basic risk management methods. The Griffith Insurance Education Foundation

12. Jump$tart Standards • Risk Management and Insurance • “Use appropriate and cost-effective risk management strategies” • #2 – Explain the purpose and importance of property and liability insurance protection. The Griffith Insurance Education Foundation

13. Jump$tart Standards • Risk Management and Insurance • “Use appropriate and cost-effective risk management strategies” • #3 – Explain the purpose and importance of health, disability, and life insurance protection. The Griffith Insurance Education Foundation

14. Risk Management and Insurance Education Cycle The Griffith Insurance Education Foundation

15. GriffithStandards • Expanded the Jump$tart Standards • Provides states, administrators, and schools with a resource for age-appropriate education The Griffith Insurance Education Foundation

16. GriffithStandards • Benchmarks at grades 4, 8 and 12 • #1 – Basic Principles • #2 – Property and Liability • #3 – Health, Disability, and Life • #4 – Insurance Company Operations • #5 – Insurance Careers The Griffith Insurance Education Foundation

17. Risk Management and Insurance Education Cycle The Griffith Insurance Education Foundation

18. Risk Management and Insurance Education Cycle The Griffith Insurance Education Foundation

19. RMI Education • Risk, Responsibility, Reality • Series of light-hearted video vignettes • Includes curriculum The Griffith Insurance Education Foundation

20. RMI Education • Insurance “Curriculum Online” • Curriculum designed for today’s teachers • Lesson plans • Videos • Assessments The Griffith Insurance Education Foundation

21. RMI Education • Insurance “Curriculum Online” • Auto • Home • Life • Health • Careers The Griffith Insurance Education Foundation

22. RMI Education • Insurance “Curriculum Online” • 30, 60, 120 minute modules • Two days • One week • Two weeks The Griffith Insurance Education Foundation

23. RMI Education • Teacher Institutes • Designed for secondary teachers • Increased knowledge • Classroom materials • Three graduate credits • Eight locations this year The Griffith Insurance Education Foundation

24. RMI Education The Griffith Insurance Education Foundation

25. Risk Management and Insurance Education Cycle The Griffith Insurance Education Foundation

26. Careers • Career Institutes • Taught by Academics • Provides background • Access to resources • Interact with insurance professionals The Griffith Insurance Education Foundation

27. Careers • “A Future Full of Possibilities” • Short video highlighting young people in the industry • Can be used by classroom teachers and guidance counselors • Available on website The Griffith Insurance Education Foundation

28. Careers • Higher Education • Scholarships for students studying insurance, risk management, and actuarial science • Collaboration with Universities • “Ambassador Program” The Griffith Insurance Education Foundation

29. Risk Management and Insurance Education Cycle The Griffith Insurance Education Foundation

30. Risk Management and Insurance Education Cycle The Griffith Insurance Education Foundation

31. Teacher Certification • Teacher institute graduates are eligible to take “Insurance Literacy” certification exam • Based on Griffith Foundation standards and institute curriculum The Griffith Insurance Education Foundation

32. Risk Management and Insurance Education Cycle The Griffith Insurance Education Foundation

33. StudentCertification • Student “Insurance Literacy” certification • Can be given by certified teacher • Will be able to take through student organizations • Provides students with a leg up and teachers with measurable results The Griffith Insurance Education Foundation

34. Risk Management and Insurance Education Cycle The Griffith Insurance Education Foundation

35. The Griffith Insurance Education Foundation

36. INFORM+INSPIRE What Else Can We Do to Help You Teach Insurance and Risk Management? Jason Terrell Director – Insurance Education Institutes jterrell@griffithfoundation.org (614) 880-9870 The Griffith Insurance Education Foundation