Shepherd developing new insurance concentration

Submitted photo
Farmers and Mechanics Insurance Companies, which is headquartered in Martinsburg, W.Va., requested that Shepherd University’s College of Business develop a risk management and insurance program to help address the projected need for insurance professionals. From left are Ben Martz, dean of the College of Business; Mary J.C. Hendrix, Shepherd president; Dan Otto, senior vice president and chief financial officer of Farmers and Mechanics Mutual Insurance; and Jim Dailey, board chairman of Farmers and Mechanics Mutual Insurance.

SHEPHERDSTOWN, W.Va. — Shepherd University’s College of Business hosted a risk management and insurance roundtable discussion recently to discuss with insurance professionals how a new RMI concentration can help train insurance industry workers.

Participants included many regional experts and an international perspective from Ed Beimer, managing director of Hastings Direct, a United Kingdom company.

With the input from the insurance industry, Shepherd is developing the RMI concentration at the suggestion of and with the support from Farmers and Mechanics Insurance Companies, which is headquartered in Martinsburg. W.Va., to help address the projected need for insurance professionals.

The U.S. Bureau of Labor Statistics and Jacobson Group, an insurance recruiting watchdog, estimate potentially 400,000 positions will go unfilled.

Millennials are not considering going into the insurance field, a trend Shepherd’s College of Business hopes to reverse, according to a news release.