BETHLEHEM, PA (November, 2019) - Altair Integrated Services is kicking off the fourth year of a successful product innovation challenge through a collaborative partnership with Saint Joseph’s University's Maguire Academy of Insurance and Risk Management. This partnership offers students in insurance and risk management classes the opportunity to learn from industry experts at Altair during a three-month innovation challenge. Students work in teams to pitch a new product idea that leverages technology to “leapfrog” industry standards in Commercial Auto Insurance, Workers Compensation, and Commercial Property.
The program, which aims to encourage students to expand their thinking and apply their knowledge in a real business scenario, will provide students with real-world experience developing a business plan, proposing a new insurance product or service, and presenting to executives. Students will receive constructive feedback from the business professionals at Altair to improve their projects as they progress.
“We are thrilled to be part of this challenge at Saint Joe’s involving their top-notch talent for the fourth year. The students are bright and develop some brilliant ideas,” says Doug Redden, Managing Director at Altair Integrated Services. “The program teaches students how to map current state processes, identify product opportunities, and develop executive-level recommendations. Students will solve unstructured problems and have the opportunity to share their ideas with business professionals. It's an exciting project for these students. They will walk away with valuable insight into what it's like to apply their classroom knowledge to real-world business challenges.”
“I value the relationship and expertise Altair has offered students through these challenges that have proven very successful over the last four years”, says Michael Angelina, Executive Director of the Maguire Academy of Risk Management and Insurance at Saint Joseph’s University. “Doug and his team have brought valuable insights along with technology companies to help students learn the next generation of fintech systems, benefiting the students’ understanding of financial technology.”
About Altair Integrated Services
Altair Integrated Services is a boutique professional services firm offering IT consulting solutions and top-tier talent delivery to its clients in the insurance, financial services, and private equity industries. Altair creates value by providing actionable programs, talent resources, and guidance in four primary areas: Analytics and Insight, Cloud Transformation, Risk Management, and Advisory Services. Located in the Northeastern U.S., Altair prides itself on its world-class talent, industry specialization, and exceptional customer service.
About Maguire Academy of Insurance and Risk Management
Created by James Maguire ’58, founder of Philadelphia Insurance Company, the mission of the Maguire Academy of Insurance and Risk Management is to promote and support the concept of risk management and insurance education; to provide services to risk management and insurance students, including scholarship aid, recruiting, internships/cooperative education, counseling, and placement; and, with and through the University, to support the Department of Finance, which houses the risk management and insurance program.