Second place in this year's Challenge was Saint Joseph's University (Philadelphia) and the third place team was Nanyang Technological University (Singapore). The first place university received $4000, second $3,000 and third $2,000. Second place in this year's Challenge was Saint Joseph's University (Philadelphia) and the third place team was Nanyang Technological University (Singapore). The first place university received $4000, second $3,000 and third $2,000.(Photo: Shutterstock)

The University of Wisconsin-Madison (UWM) student team was announced as the winners of the 2018 Spencer-RIMS Risk Management challenge.

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