Risk Management and Insurance


Risk management is the practice of identifying the risks that affect a company’s business, and finding ways to mitigate and offset those risks. Risk management tools and techniques help corporations deal with all types of issues, legal concerns, and human resources changes. The Insurance major applies theory to practice using principles of finance, law and mathematics in the transfer and reduction of risk for individuals, corporations and government.


MajorRequired Courses (12 credits)


Insurance Required Courses:

4100 INS  Corporate Risk Management (2 cr)
4101 INS  Employee Benefits (2 cr)
4200 INS  Insurance Theory and Practice (2 cr)
4201 INS  Personal Financial Management (2 cr)


* INS 4202 may be taken in place of INS 4200 with department approval


Plus 4 additional credits from the following:

3058 BLAW  The Law of Contracts and Agency (4 cr)
4241 FINA  Corporate Financing Decisions (4 cr)
4242 FINA  Corporate Investment Decisions (4 cr)
4202 INS  Personal Financial Planning 2: Tax and Estate Planning Techniques (2 cr)


MATH 4065 Theory of Interest Rates (3 cr)

MATH 5067 or 5038 - Actuarial Math I or II (4 cr)


MinorRequired Courses (8 credits)


Risk Management and Insurance Minor (8 Credits)

4100 INS  Corporate Risk Management (2 cr)
4101 INS  Employee Benefits (2 cr)
4200 INS  Insurance Theory and Practice (2 cr)


Plus 2 credits from the following:

4241 FINA  Corporate Financing Decisions (4 cr)
4242 FINA  Corporate Investment Decisions (4 cr)
4201 INS  Personal Financial Management (2 cr)


In addition to completing those courses above, you must also complete the degree requirements for a Bachelor of Science in Business from the Carlson School of Management.


For additional information about Risk Management, please visit the Human Resource and Industrial Relations web site.