Five years after its first visit, the Philippine Insurers and Reinsurers Association (PIRA) Campus Tour returned to New Era University (NEU) over the weekend to educate students on the importance of insurance and show them the career opportunities waiting for them in the non-life insurance industry.
The PIRA Campus Tour drew some 300 students taking up Financial Management in three hours of engaging discussion and interaction with non-life insurance executives.
PIRA Executive Director Michael F. Rellosa expressed his gratitude to the NEU management for the opportunity to reach out to its students.
"It's a privilege to renew our ties with New Era University which has been a very supportive partner of PIRA in insurance education," said Rellosa.
Rellosa himself presented an overview of what insurance is all about and the important role in plays in keeping the economy stable. He showed the students the major changes in the non-life insurance industry and the need for new talents who will be ready to work on modern risks such as driver-less cars or cyber crime.
His talk was followed by Insurance Institute for Asia and the Pacific (IIAP) Executive Director Jene Aliwalas' presentation on the Select Universitities Insurance Training Scholarship (SUITS) which he offered to the students.
The SUITS is an accelerated management training program for new graduates who have the potential to become future leaders of the insurance industry. Given for two months, it prepares new graduates for a junior management position in insurance companies.
After the SUITS presentation, five insurance executives shared their own experiences to the students. Ma. Mercedes Nancy Dela Cruz, AVP for Health and Accident of FPG Insurance, spoke how a nurse like her found her place in the insurance industry. Dick Cabusao, AVP for Marketing and Sales of Liberty Insurance, shared how a student athlete like him was able to make a name in insurance. Marvin Gutay, Marketing Manager of Stronghold Insurance, shared how as a working student he was hired by his company and how he rose through the ranks over the years.
Meanwhile, Alvin Gregorio, Claims Supervisor of 1CISP, said he was a school librarian who eventually joined the insurance industry and saw its importance for those who suffer loss. And finally, Michelle Guce, AVP for Human Resources and Admin Services of UCPB General, said a psychology graduate like her initially thought she had joined a bank, only to realize later on that it was an insurance company that hired her.
All of them say they are proud of their career in insurance and would not trade it for anything else.
For New Era's part, Prof. Elizabeth T. Banan said the PIRA Campus Tour has given them the chance to understand insurance better.
"We are looking forward to signing a Memorandum of Agreement with PIRA to strengthen the risk management and insurance portions of our curriculum," she said.