Scholarship Fund

Since 1994, the Insurance Managers Association of Cayman has been committed to supporting the educational development of the next generation. We are dedicated to providing young people with the opportunity to study abroad: to gain knowledge, experience, confidence and a fresh perspective and to use this experience to build their careers and to enrich their lives and communities.  

We strongly believe that all young people should have the opportunity to further their studies and pursue their goals. That is why we are committed to awarding our scholarships where they can provide the most benefit.  

To date, we have raised close to $5 million and supported 73 young Caymanians pursue further studies around the globe in disciplines as diverse as Business Management, Arts and the Sciences.

IMAC Scholarship Fund Update – October 2024

We are so proud of what they have gone on to achieve through their hard work and dedication. You can read biographies of our IMAC scholarship graduates below.

Get Involved 

IMAC relies on the generous support of its members and industry partners who share our commitment to supporting the next generation through investment in education. All our members and partners understand the value of scholarships in: 

  • supporting the education of talented and motivated youngsters; 
  • bolstering the employment opportunities for graduates of the programme; 
  • facilitating cultural exchange with people of all backgrounds bringing new insights and experiences; 
  • developing and promoting the Caymanian economy.  

For over 25 years the insurance industry of the Cayman Islands has proudly watched our graduates grow and develop. If you would like to get involved, please contact Kevin Poole.   

Make a Donation

Our charitable effort to support future generations of Cayman scholars starts and ends with our members and we greatly appreciate their financial backing of our scholarship initiative. We also encourage all members to consider making a donation to support our future programmes.

To make a donation please get in contact with Kevin Poole.

Cheques may be made payable to “IMAC Educational Scholarship Fund” and sent Attn Kevin Poole at P.O. Box 10552, KY1-1005, Grand Cayman, Cayman Islands. 

All contributions will be gratefully received, and you too can share in the success of the IMAC scholarship. 

Application Information

The IMAC Scholarship is open to Caymanians who have achieved a minimum of 5 good passes at CXC or IGCSE or the equivalent. Preference will be given to those school leavers in the current year who are without the financial means to pursue further studies.  

Applicants are free to study any course at any competitively ranked and accredited University, although applicants for insurance, risk management and other business-related courses will be given preference.  

Successful applicants will be able to access funding to cover their tuition and living expenses, for a maximum of four years.

All that we ask in return is that our successful candidates maintain the required grade point average and that they have a desire to return to the Cayman Islands to add value to our economy and society. 

 

How Do I Apply?

  1. Download our application form anytime from mid March each year
  2. Carefully read and provide all documents as laid out on our Documentation Checklist
  3. Combine ALL files into a single PDF file of 6MB or less
  4. Email final PDF file to us

All applications should be emailed to esf@imac.ky by Friday 17th May 2024. 

Qualified candidates will be invited shortly after to attend an interview with our fund directors.

Download the application form

 

 

Additional Resources

See details on the Cayman Islands Government Scholarship

See the Cayman Scholarships Directory https://www.caymanscholarships.com/

Follow us on LinkedIn, Facebook & Twitter

Scholarship Donors

IIMAC thanks its members and industry partners who have donated to the IMAC Scholarship Fund in 2022 (current at August 31, 2022).

Atlantic Northern Insurance Company
Barents Re
Coast to Coast Insurance Company
Grant Thornton
Ian & Marlene Kilpatrick
Innershield Ltd.
Landmark
Strategic Risk Solutions

 

MAC thanks its members and industry partners who have donated to the IMAC Scholarship Fund in 2021.

Artex Risk Solutions
Coast to Coast Insurance Company
Howard University Capitol Insurance Ltd
InnerShield Ltd
Insurance Managers Association of Cayman
Sitnal Insurance Company (Cayman)
SSMHC
Westside Insurance Company

………………….

IMAC Scholarship Alumni

Find out more below about past recipients of the IMAC scholarship and see how the Insurance Managers Association of Cayman has helped young people reach their goals and achieve their potential.  

  • Current Students

  • Past Students

Scholarship Video Gallery and Stories

We are immensely proud of all our Scholarship Fund recipients, both for the dedication they have shown to their studies and their ability to forge careers in some highly competitive industries.