Ms. Tasia Williams Insuring Fair Health Care in Chicago
Over an eight week period, I will be interning at the Educational & Institutional Insurance Administrators, Incorporated (EIIA) in Chicago, IL. The EIIA is a not-for-profit organization that offers a variety of insurance services to Christian institutions of higher education. Separated into four sections; EIIA provides Property & Casualty Insurance, Student Insurance, Employee Benefits, and Risk Management Services to over 140 colleges and universities across the United States of America.
As an advocate for insurance, EIIA is committed to providing a promise to each of their member institutions. Here, insurance is defined as “a social device for reducing risk by combining a sufficient number of homogeneous exposure units to make the losses collectively predictable. The losses are then shared proportionately by those in the contingency. It is the exchange of a small certain premium for a large uncertain loss.”
This definition serves as the foundation to the mission of EIIA and what they offer their member institutions. Over the past 40 years, I can honestly say that this corporation has continued to provide quality insurance at an affordable price.
Throughout this eight week period, I will be responsible for analyzing data, clarifying problems, and making recommendations for the benefit of EIIA. Each week, I am required to submit an observation on what I have encountered, learned, or gained from the current week of opportunities. As a current student at one of EIIA’s founding institutions, I feel obligated to take this knowledge back to Claflin University and inform other students of the health care coverage available to them. Overall, I believe this internship will expand my knowledge within the field of business while making me more aware of the insurance coverage available to Americans.