PRMIA Risk Management Challenge
Objective
The PRMIA Risk Management Challenge is an international case competition that empowers undergraduate and graduate students to apply risk management concepts to real-world business problems, developing critical thinking, teamwork, and presentation skills.
Description
Overview
The PRMIA Risk Management Challenge (PRMC), organized by the Professional Risk Managers International Association, empowers undergraduate and graduate students by exposing them to real-world business situations with a risk management focus.
Who Can Participate
- Open to any undergraduate and graduate students currently enrolled at the time of registration
- Teams may be formed among students from different universities
- Each member must use a university-affiliated email to prove student status
- Encouraged fields: finance, economics, mathematics, business/commerce, accounting, marketing; no coursework prerequisites
Team Composition
One team leader registers a team of three to four members.
Format
Teams tackle a case study drawn from a real-life business scenario across three rounds: an online preliminary submission, a virtual Sprint Hackathon round, and an International Finals championship. All rounds of the 2026 edition were conducted virtually.
Notable Details
- Top two teams receive a cash award
- A new Most Innovative Approach Award recognizes fresh, creative thinking
- Finalist teams receive PRM Designation scholarships and PRMIA Sustaining Memberships
- Global sponsor MathWorks provides complimentary MATLAB licenses and training
PRMC International Finals (virtual)
February 15, 2027
Public
The MathWorks
Professional Risk Managers' International Association (PRMIA), PRMIA Institute, MathWorks (global sponsor)
1st Place: headline cash award up to US$10,000 (2026 champion team received US$8,000)
2nd Place: cash award (amount not publicly specified)
Top 2 teams plus Most Innovative Approach winner: PRM Designation scholarship (US$1,500 value per student)
International Finalist teams: one-year PRMIA Sustaining Membership per member
150 $ Per Team (early bird); 250 $ Per Team after Jan 26, 2026