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Risk Management Scholarship

As part of our Impact Insurance Initiative, we're proud to reward risk management students committed to revolutionizing the commercial insurance industry for the better.

The Initiative

We created the Impact Insurance Initiative because we believe changing the commercial insurance industry for the better requires collaboration between all those involved. From the insurance carriers and brokers to technology providers and future insurance professionals, together we can move our industry forward.

The Scholarship

Our risk management scholarship is designed to encourage students currently enrolled in an accredited university and studying risk management to reconsider how the traditional commercial insurance industry operates while identifying improvements that can be made to improve processes and customer experience.

Scholarship Details

This college scholarship is open to current risk management students attending an accredited four year university in the United States who are interested in taking an active role in transforming the commercial insurance industry by developing well-researched ideas that have the potential to automate inefficient processes, introduce new distribution models, or improve the overall customer experience of purchasing and managing business liability insurance.

Award & Benefits

Each scholarship period, a total of $3,000 will be awarded to a first, second, and third place winner. The first place winner will receive $1,500, the second place winner will receive $1,000, and the third place winner will receive $500. In addition to the financial award, each of the three winners will receive the following benefits:

  • An invitation to be interviewed for the Impact Insurance “Future of Business Insurance” series.
  • Their entire essay published and featured in the Impact Insurance blog.
  • An invitation to participate in the Impact Insurance paid internship.


  • Applicants must be eighteen (18) years of age or older at the time of application.
  • Applicants must be a full-time student currently enrolled at an accredited four-year U.S. college or university.
  • Applicants must be pursuing an undergraduate degree in risk management.
  • Applicants must demonstrate a 3.0 or higher cumulative grade point average.


Each scholarship application submitted will be carefully evaluated and the winners will be selected by an independent committee consisting of three (3) commercial insurance industry professionals with no employment or financial affiliation to Layr. For each scholarship period, an entirely new committee will be selected to evaluate the applications from that specific semester.


To be apply for this scholarship, students must submit an original never-before-published essay written in English and between 750 and 1,250 words on one of the two commercial insurance topics below.


How can technology help streamline and improve a common commercial insurance process?

Modern digital insurance brokers and agency management software providers have demonstrated how our industry can leverage technology to handle things like applying for insurance online and generating certificates of insurance. We want to see you analyze the inner workings of the business insurance industry and identify similar processes that are still managed manually and discuss how modern technology can change that.


What will the process of purchasing insurance look like for a small business owner in twenty years?

Small businesses struggle to obtain and pay for the liability insurance they need to operate legally and protected. However, technology and Internet-enabled distribution models are increasingly making it easier to address the small business insurance market. We want to know how you believe this segment will continue to change and evolve and what the process might look like twenty years from now.

🎉 Apply Now

The application period for the current scholarship term is closed. Please check back next semester.