The Bermuda Foundation For Insurance Studies (BFIS) has awarded another $345,000 in scholarship funding to 14 students focused on careers in Bermuda’s insurance sector.
This brings the total amount of funding that the BFIS has awarded since the charity was founded in 1996 to over $6.1 million - all funded by the insurance industry.
The total number of current BFIS scholars currently at college is 32, which is a funding commitment of $453,500. BFIS has now assisted 179 students with educational funding and has 142 scholarship alumni employed in the insurance sector and related industries.
“The Foundation was created with the purpose of providing financial support and guidance for Bermudian students, so that they might have the opportunity to obtain the appropriate education and training in order to pursue an insurance-related career,” said Gail Martin, chairman of the BFIS Board of Trustees. “A large component of this is achieved through annually awarding scholarships to outstanding students pursuing studies relevant to the insurance industry.”
This year also saw 12 BFIS scholars graduate - six already employed in the insurance sector in Bermuda, two currently in interviews, one employed in insurance in London, one in Boston and two returning to college to gain their Masters degrees.
“We received 91 applications of which 50 were freshmen, 18 sophomores, 21 juniors and 2 seniors and from those selected 30 students for interview” said Dr. Duranda Greene, chairman of the BFIS Scholarship Committee. “The committee looks for students of outstanding ability, not only extremely sound academically, but also well rounded, excelling in their individual pastimes of sports, music and philanthropic endeavours, who could clearly articulate their interest in a career in the insurance sector.”
Bermuda Foundation For Insurance Studies, Bermuda, Insurance