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"Education is not the filling of a pail, but the lighting of a fire".
William Butler Yeats

Apply for an IMAC scholarship

Careers in Captive Insurance (click here for our infographic Captive Insurance and case study)

IMAC awards one or two scholarships in the summer of each year and candidates must meet the eligibility criteria below and be able to attend interview(s) with the directors of the fund. The successful candidate(s) are expected to maintain satisfactory academic progress and will be expected to provide such evidence of that progress as may be requested.

IMAC scholarship recipients study a wide range of subjects and the challenge is to identify where the need is greatest. Our aim is to give funds where there is a financial need and minimal family financial support is available. The successful applicant(s) will have superior academic abilities, a passion for their chosen field of study which should be relevant to successful employment in the Cayman economy and a record of community involvement, extra curricular activity etc.

Download the Excel application form here.

Institution: Any competitive University (subject to approval by the Foundation)
Course: Any
Eligibility Requirements: Applicants must be Caymanian (or hold Caymanian status) with a minimum of 5 good passes at CXC or ICGSE or equivalent. Preference will be given to school leavers who are pursuing a 3 or 4 year degree course overseas.
Amount: Up to US$40,000 per annum for up to four years.
Application deadline: The IMAC Educational Scholarship Trust Fund advertises in April / early May of each year and applications on the prescribed form may be submitted from the end of March with a deadline of Friday 19th May 2017 with interviewing expected in late May and early June. Applications must include the documents listed below - all combined* into a single pdf file in the sequence below and email to william.forsythe@caymancaptive.ky and IMAC@caymancaptive.ky 
Note: No hard copies of these documents will be accepted.

Once applications are reviewed and complete we will forward to the interview committee. Accordingly all scanned documents should be compressed as necessary to ensure that total electronic file sizes are less than 6 MB to allow easy emailing. Please ensure that all scanned materials including photos are clearly legible and are formatted for easy printing on letter size paper. 

* Tip: You can easily combine multiple existing pdf files using a free pdf utility like pdfbinder. See: http://pdfbinder.en.softonic.com 

* Tip: You can print any document directly from your computer to a pdf. See free pdf writers at https://www.techsupportalert.com/best-free-pdf-writer-software.htm We have used doPDF in the past.

1. Completed and signed application form.
2. A recent passport type photograph.
3. Proof of nationality i.e. birth certificate and passport photo page (and status letter if applicable).
4. A letter, introducing yourself and family, your interests, community involvements, prior education etc, and explaining your choice of degree subject and college and ambitions.
5. At least two written references, (but not from a family member), one of which must be an academic reference. All references must be on letterhead and signed and include contact details of the reference provider and may be emailed.
6. School transcript (or last two school reports).
7. Evidence (summary) of grades attained (or predicted) at IGCSE, CXC, ‘AS’, ‘A2’ (and GPA and SAT scores if available). 
8. Details of all scholarships that have been awarded or applied for.
9. University details: Acceptance/offer letter (if available), cost of course with copies of the source information from your college of first choice together with the entrance requirements (eg A2 grades required).
10. Family contribution: attach a letter from parent/guardian or bank regarding the availability of additional funds. 

 

For futher information please contact;

Mr. William Forsythe
Education Scholarship Foundation
Insurance Managers Association of Cayman
P.O. Box 10552
Suite 3E-2, Landmark Square, 64 Earth Close, West Bay Road
Grand Cayman KY1-1005
Cayman Islands
Phone/Fax:(345) 949-4622
william.forsythe@caymancaptive.ky or Kimberly Whittaker at IMAC@caymancaptive.ky

Scholarship Links:

Cayman Islands Government - Ministry of Education (click here)

Show Me The Money by the CI Chamber of Commerce) (click here)

Cayman Scholarship Directory (Yellow Pages website) - contains excellent information, interview questions and tips to better prepare, resume writing advise etc (click here)

NCVO - The John R Gray Memorial Fund - assistance with living expenses etc (click here)

Fast Track Magazine - Cayman Islands (facebook page)

 

 

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