Undergraduate Catalog

B.S in Risk Management and Insurance

The Risk Management & Insurance program is designed to provide students with the knowledge and skills for a career in the insurance industry and enterprise risk management field. In the RMI Program, students will explore the various functional areas, such as underwriting, claims, and loss control that are related to RMI. Students will become skilled in identifying, accessing, and managing the types of risks facing financial institutions, corporations, and individuals and in recommending appropriate insurance coverages.

Accreditation

The BS in Risk Management and Insurance (RMI) is accredited by the Council for Business Schools and Programs (ACBSP), a leading specialized accreditation body for business education around the world.

Summary of Requirements

The program will consist of: General Education requirements; business pre-major requirements; business core requirements; RMI major requirements; major electives; and free electives as shown below:


2023-2024
Core Curriculum 43
Pre-Major Courses 10
Major and Related Courses 72
Major Elective Courses 6
Total 131

Requirements for a Major in Risk Management and Insurance:

Students must be accepted into the Risk Management and Insurance major before taking 300-level or above courses in the Department of Business. For continuation in the major, a student must maintain a minimum cumulative GPA of 2.75 in major and non-major courses. A risk management and insurance major must complete at least one internship in the field and are strongly encouraged to achieve at least one Microsoft Office Specialist certification prior to graduation.

 

Required pre-major courses 10 (13)* credits

BUS 101Introduction to Business

3

BUS 181Computer Skills for School and Workplace

3

MAT 102Introductory Probability and Statistics

3

MAT 130Precalculus

4

MAT 102: *Three hours count toward the general education math requirement

Required core courses 54 credits

ACC 202Financial Accounting II

3

ACC 203Managerial Accounting

3

BUS 211Management and Organizational Behavior

3

BUS 221Marketing

3

BUS 331Business Statistics II

3

BUS 341Business Ethics

3

BUS 351Business Finance

3

BUS 361Global Dimensions of Business

3

BUS 371Business Law I

3

BUS 381Management Information Systems

3

BUS 382Applied Business Analytics

3

BUS 391Production & Operations Management

3

BUS 491Senior Capstone I

3

BUS 492Senior Capstone II

3

ECO 201Introduction to Macroeconomics

3

ECO 202Introduction to Microeconomics

3

ENG 380Business and Technical Writing

3

Required Risk Management and Insurance courses 18 credits

RMI 201Introduction to Risk Management and Insurance

3

RMI 301Property and Casualty Insurance

3

RMI 310Insurance Company Operations

3

RMI 315Underwriting

3

RMI 401Topics in Risk Management and Insurance

3

RMI 410Enterprise Risk Management

3

Major Electives courses 6 credits

Choose two courses:

ACC 321Managerial Cost Accounting

3

ACC 331Income Tax Accounting

3

BUS 253Investments

3

RMI 305Life Insurance

3

RMI 495Special Topics

1-5

 

Program Outcomes

1. Accurately apply fundamental business concepts, models and principles to address hypothetical or real-world business issues. (Common Business Knowledge & Inquiry)

2. Communicate effectively in both American Sign Language and written English in various formats and styles to a variety of audiences in multiple business contexts. (Communication)

3. Apply technological tools, and statistical and quantitative reasoning skills in analyzing and evaluating numerical information to support evidence-based business decisions. (Quantitative Reasoning & Technological Skills)

4. Critically assess business problems and develop well-supported solutions. (Critical Thinking & Problem Solving)

5. Critically evaluate all business opportunities and challenges using a global business perspective. (Global Dimension)

6. Foster personal growth by acting in a professional, ethical, and socially responsible manner, and collaborate effectively in teams as required. (Wellness, Ethics & Social Responsibility)

7. RMI Discipline Specialty Knowledge and Inquiry

7a. Analyze and assess coverage adequacy in common insurance policies.

7b. Apply RMI knowledge and technical tools in evaluating, treating, and monitoring risk factors facing various business entities.

7c. Articulate effective insurance policy recommendations based on critical analysis in written reports and presentations.

Subject:

Risk Management and Insurance