The Institutes and The Griffith Insurance Education Foundation Pursue Formal Affiliation

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The Institutes and The Griffith Insurance Education Foundation are pursuing a formal affiliation to be effective May 1, 2012.

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We see this affiliation as presenting both organizations with opportunities to expand our offerings and enhance our abilities to help the risk management and insurance industry attract and retain the talent needed to be successful.

The Institutes and The Griffith Insurance Education Foundation are pursuing a formal affiliation to be effective May 1, 2012. The Institutes’ Board of Trustees and The Griffith Foundation’s Board of Trustees unanimously approved the initiation of an affiliation based on the complementary nature of the strategic initiatives of both organizations.

Similar to The Institutes, The Griffith Foundation is a non‐profit, 501(c)(3). It is an educational institution that promotes the study and teaching of risk management and insurance through education programs and resources for:

  •     Students in elementary school through high school
  •     Teachers and guidance counselors
  •     Academic institutions, such as colleges and universities
  •     Public policymakers

The affiliation offers several benefits to both organizations:

  •     Enables The Institutes to expand their reach by providing resources to pre‐professionals
  •     Aligns the strategies of The Institutes and The Griffith Foundation to promote growth, while also being able to share resources
  •     Creates synergy between The Institutes and The Griffith Foundation, as well as the CPCU-Loman Education Foundation

“We see this affiliation as presenting both organizations with opportunities to expand our offerings and enhance our abilities to help the risk management and insurance industry attract and retain the talent needed to be successful,” said Peter L. Miller, CPCU, president and CEO of The Institutes. “Overall, affiliating with The Griffith Foundation will provide us with additional ways to encourage engagement with CPCU Society Chapters, while also promoting the benefits of life‐long professional development.”

“Our board recognized this affiliation as an outstanding opportunity to continue to expand our 65 year mission to deliver a full range of unbiased and professional risk management and insurance education to students, teachers, academic institutions, and public policymakers by leveraging the significant resources of The Institutes,” said Michael Fusselbaugh, Chairman of the Board of Trustees for the Griffith Foundation and Senior Vice President of Hartford Steam Boiler. “We already had a good relationship that became even closer in 2011 while working on the Career Summit. We found a significant overlap in board participation and supporters for each organization, common insurance education objectives and no target segment overlap, so combining forces seemed only logical. In short, it’s good for our organizations, our stakeholders, and the industry.”

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About The Institutes
The Institutes are the leader in delivering proven knowledge solutions that drive powerful business results for the risk management and property-casualty insurance industry. The Institutes’ knowledge solutions include the CPCU designation program; associate designation programs in areas such as claims, risk management, underwriting, and reinsurance; introductory and foundation programs; online courses; research; custom solutions; assessment tools; and continuing education (CE) courses for licensed insurance professionals and adjusters through their CEU.com business unit.

The Institutes are affiliated with the CPCU Society, a community of credentialed insurance professionals who promote excellence through ethical behavior and continuing education. The Society’s nearly 25,000 members hold the CPCU designation.

About The Griffith Insurance Education Foundation
The Griffith Insurance Education Foundation is a 501(c)(3) educational non-profit founded in 1947 that promotes the study and teaching of risk management and insurance (RMI). The Foundation offers risk management and insurance education programs and resources for students, teachers, academic institutions, and public policymakers. The Griffith Foundation supports college and university RMI programs nationwide, provides risk management and insurance education programs for K through 12 teachers and students, and offers basic principles seminars and workshops for public policymakers.

All of the Foundation’s programs are strictly educational and cover all lines of insurance subject matter including property, casualty, life, health and reinsurance. They are developed and presented by noted professors of risk management and insurance from some of the nation’s leading colleges and universities. The educational resources are offered for free to students, teachers, academic institutions, and public policymakers nationwide.

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Kara Davis
The Institutes
(610) 644-2100 7851
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