Risk Management and Insurance
The success of any firm depends on its ability not only to create value for stockholders but also to protect such value. While the field of finance has historically paid significant attention to value creation, less has been said about the protection of value. Risk Management and Insurance (RMI) specifically addresses the issue of value protection. The Risk Management and Insurance curriculum focuses on the financial and economic characteristics of potential exposures to loss faced by firms and individuals, and the techniques available to minimize the costs associated with such exposures.
Increasingly, nonfinancial companies are recognizing the importance of enterprise-wide risk management and thus are turning to business schools for trained risk managers. There are also career opportunities in the various financial service industries such as insurance, banking, pensions, and investment management.
Four risk management and insurance courses selected from the following:
FIN 3305 Principles of Risk Management and Insurance
FIN 4311 Fundamentals of Life and Health Insurance
FIN 4320 Fundamentals of Property and Liability Insurance
FIN 4332 Employee Benefit Planning
FIN 4335 Business Risk Management
For a complete listing of risk management and insurance courses and descriptions, see links for Courses, Advising information, and related links in right callout boxes above.