{"id":16367,"date":"2024-09-23T13:09:17","date_gmt":"2024-09-23T18:09:17","guid":{"rendered":"https:\/\/web.saumag.edu\/academics\/?post_type=program&#038;p=16367"},"modified":"2025-08-26T16:34:40","modified_gmt":"2025-08-26T21:34:40","slug":"insurance-risk-management","status":"publish","type":"program","link":"https:\/\/web.saumag.edu\/academics\/program\/insurance-risk-management\/","title":{"rendered":"Insurance and Risk Management"},"content":{"rendered":"<p>The Insurance and Risk Management degree program equips students with the skills and knowledge necessary to assess, manage, and mitigate risk in a variety of industries. This program provides a strong foundation in insurance principles, financial risk analysis, and regulatory practices, preparing graduates for dynamic careers in underwriting, claims adjustment, risk management, and more. With the growing demand for professionals who can help organizations navigate uncertainty, students will be well-positioned to secure rewarding roles in the finance, insurance, and corporate sectors.<\/p>\n<h3>Topics Covered<\/h3>\n<p>In the first two years, students take a broad range of classes both in the College of Business and across campus. Upper-level courses focus on developing finance knowledge and skills.<\/p>\n<ul>\n<li>Classes include areas related to: Financial Management, Retirement Planning and Employee Benefits, Estate Planning, Insurance, Individual Tax, and Investment.<\/li>\n<li>Students are encouraged to obtain an internship related to their career plans. In the past, some of our students worked as interns for Ameriprise, BancorpSouth, Edward Jones, Farmers Bank &amp; Trust, Mustard Seed Wealth Management, and State Farm Insurance.<\/li>\n<li>Students are encouraged to obtain an internship related to their career plans.<\/li>\n<li>Students are assigned a member of the finance faculty as an advisor to help with class scheduling, professional mentoring, and career placement.<\/li>\n<\/ul>\n<h3>Insurance and Risk Management Careers<\/h3>\n<ul>\n<li><strong>Insurance Underwriter <\/strong>\u2013 Evaluates and analyzes the risks involved in insuring individuals or businesses. Helps determine policy terms and premiums. Job growth is steady, with opportunities in various sectors, including property and casualty, life, and health insurance. Can work in the finance and insurance industries. <a href=\"https:\/\/www.bls.gov\/ooh\/business-and-financial\/insurance-underwriters.htm\" target=\"_new\" rel=\"noopener\">https:\/\/www.bls.gov\/ooh\/business-and-financial\/insurance-underwriters.htm <\/a><\/li>\n<li>Our finance graduates are working as financial advisors for the following firms:\n<ul>\n<li>Edward Jones | Ameriprise | Merrill Lynch | Mustard Seed Financial<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<h3>Student Engagement<\/h3>\n<ul>\n<li>Students can join ENACTUS, a community of student, academic and business leaders committed to using the power of entrepreneurial action to transform lives and shape a better more sustainable world. ENACTUS members are afforded numerous opportunities to network and participate in a variety of projects and trips.<\/li>\n<li>Students can participate in the Finance and Economics Society to meet other students, and network with financial professionals.<\/li>\n<li>Student can also participate in the Student Investment Advisory Council to manage endowment funds.<\/li>\n<\/ul>\n<h3>Faculty Expertise<\/h3>\n<ul>\n<li>Some of our faculty possess extensive industrial experiences as a financial advisor.<\/li>\n<li>The finance faculty in the Rankin College of Business are highly skilled professionals, with doctorate degrees in the field or years of professional experience.<\/li>\n<li>Our faculty are strong scholars, having conducted research in banking, financial markets, small business management, asset valuation, and finance and economics education.<\/li>\n<\/ul>\n<div id=\"learning-goals\" class=\"alert alert-info\">\n<h3>Learning Goals<\/h3>\n<ol>\n<li>Graduates from the College of Business can communicate effectively.<\/li>\n<li>Our graduates are prepared to be socially responsible citizens.<\/li>\n<li>Our graduates can think critically, solve problems, and make informed decisions.<\/li>\n<li>Our graduates can use technology effectively in their fields.<\/li>\n<li>Our graduates have content knowledge in their chosen fields and the necessary skills to be successful.<\/li>\n<\/ol>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Insurance and Risk Management degree program equips students with the skills and knowledge necessary to assess, manage, and mitigate risk in a variety of industries. This program provides a strong foundation in insurance principles, financial risk analysis, and regulatory practices, preparing graduates for dynamic careers in underwriting, claims adjustment, risk management, and more. With&#8230; <a class=\"more-link\" href=\"https:\/\/web.saumag.edu\/academics\/program\/insurance-risk-management\/\"> Read More<\/a><\/p>\n","protected":false},"featured_media":16368,"menu_order":0,"template":"","format":"standard","meta":{"_acf_changed":false,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":"","_genesis_title":"","_genesis_description":"","_genesis_noindex":"","_genesis_nofollow":"","_genesis_noarchive":"","_genesis_canonical_uri":"","_open_graph_title":"","_open_graph_description":"","_twitter_title":"","_twitter_description":"","_social_image_url":"","_social_image_id":"","redirect":"","_links_to":"","_links_to_target":""},"college_department":[18308,71766],"delivery":[255],"types":[28854,28853,28850],"class_list":{"0":"post-16367","1":"program","2":"type-program","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"college_department-accounting-finance-and-economics","8":"college_department-college-of-business","9":"delivery-on-campus","10":"types-major","11":"types-minor","12":"types-undergraduate","13":"entry"},"acf":{"department_college":"Accounting, Finance, &amp; Economics\u00a0\/\u00a0Rankin College of Business","Number_of_Hours":"120","Catalog Entry":"<h4>University Requirement (2 hours)<\/h4>\r\nGSTD 1002 - Freshman Seminar\r\n<h4>General Education (35 hours)<\/h4>\r\n<strong>Note<\/strong>: ECON 2103 - Principles of Microeconomics is required.\r\n<h4>Business Core (54 hours)<\/h4>\r\nACCT 2113 - Survey of Accounting\r\nACCT 2003 - Principles of Accounting\r\nFIN 2003 - Personal Finance\r\nECON 2203 - Principles of Macroeconomics\r\nGBUS 2003 - Legal Environment of Business\r\nGBUS 2013 - Statistics and Analytics I\r\nIS 2053 - Business Information Systems\r\nMGMT 2003 - Business Communications\r\n<strong>Admission to the College of Business is required to enroll in the following courses:<\/strong>\r\n\r\nFIN 3003 - Financial Management\r\nGBUS 3183 - Statistics and Analytics II\r\nIS 3023 - Introduction to Data Visualization\r\nIS 3053 - Managing Information Systems\r\nMGMT 3023 - Organizational Theory and Behavior\r\nMGMT 3073 - Professional Communication Strategies\r\nMGMT 4063 - Operations and Supply Chain Management\r\nMGMT 4093 - Management Strategy and Policy\r\nMKTG 3033 - Principles of Marketing\r\n<h4>Select 3 hours from the following:<\/h4>\r\nMGMT 4043 - International Business\r\nMGMT 4313 - International Studies and Field Experience\r\nMGMT 4101 - International Studies and Field Experience and MGMT 4102 - International Studies and Field Experience\r\n<h4>Insurance &amp; Risk Management (27 hours)<\/h4>\r\nFIN 3013 - Enterprise Risk Management\r\nFIN 3023 - Financial Institutions and Markets\r\nFIN 3053 - Investments\r\nFIN 4003 - Advanced Financial Management\r\nFIN 4023 - Life and Health Insurance\r\nFIN 4043 - Property and Casualty\/Liability Insurance\r\n<h4>Select 9 hours from the following:<\/h4>\r\nACCT 3003 - Intermediate Accounting I\r\nACCT 3023 - Individual Income Tax\r\nACCT 3101 - VITA Experience\r\nACCT 3133 - Fraud Examination and Prevention\r\nECON 3093 - Economic Analysis for Decision-Making\r\nECON 4153 - History of Economic Thought\r\nFIN 3033 - Entrepreneurial Finance\r\nFIN 4063 - Retirement Planning and Employee Benefits\r\nFIN 4073 - Estate Planning and Taxation\r\nFIN 4143 - International Finance\r\nFIN 4153 - Finance Field Experience\r\nMKTG 3103 - Selling and Sales Management\r\nGBUS 3983 - General Business Internship or FIN 3983 - Business Internship in Finance\r\n<h4>Electives (2 hours)<\/h4>\r\n2 hours of unrestricted electives\r\n<h4>Total Hours - 120<\/h4>","minor_requirements":"<h4><span style=\"font-size: 16px;\">Finance Minor for Business Majors\r\n(15 hours)<\/span><\/h4>\r\n<span style=\"font-size: 16px;\">9 hours of upper-level Finance electives (may include ACCT 3133 - Fraud Examination and Prevention)<\/span>\r\n<h4><span style=\"font-size: 16px;\">Select 6 hours from the following:<\/span><\/h4>\r\n<span style=\"font-size: 16px;\">ACCT 3003 - Intermediate Accounting I\r\nACCT 3023 - Individual Income Tax\r\nACCT 3133 - Fraud Examination and Prevention\r\nECON 3093 - Economic Analysis for Decision-Making\r\nAdditional upper-level Finance electives<\/span>\r\n<h4><span style=\"font-size: 16px;\">Total Hours - 15<\/span><\/h4>","Degree Plans":"<a href=\"https:\/\/web.saumag.edu\/business\/degree-plans-standard\/\">Rankin College of Business Formatted Degree Plan<\/a>\r\n<ul>\r\n \t<li><a href=\"https:\/\/catalog.saumag.edu\/preview_program.php?catoid=8&amp;poid=1591&amp;returnto=288\">2025-2026<\/a><\/li>\r\n \t<li><a href=\"https:\/\/catalog.saumag.edu\/preview_program.php?catoid=6&amp;poid=1032\">2024-2025<\/a><\/li>\r\n \t<li><a href=\"https:\/\/web.saumag.edu\/academics\/files\/2023\/11\/Finance-Wealth-Management.pdf\">2023-2024<\/a> [pdf]<\/li>\r\n \t<li><a href=\"https:\/\/web.saumag.edu\/academics\/files\/2016\/08\/Finance-Financial-Planning.pdf\">2022-2023<\/a> [pdf]<\/li>\r\n \t<li><a href=\"https:\/\/web.saumag.edu\/academics\/files\/2014\/12\/finance-planning-21.pdf\">2021-2022<\/a> [pdf]<\/li>\r\n \t<li><a href=\"https:\/\/web.saumag.edu\/academics\/files\/2020\/06\/Finance-Financial-Planning-Option.pdf\">2020-2021<\/a> [pdf]<\/li>\r\n \t<li><a href=\"https:\/\/web.saumag.edu\/academics\/files\/2016\/08\/financial-planning-19-20.pdf\">2019-2020<\/a> [pdf]<\/li>\r\n \t<li><a href=\"https:\/\/web.saumag.edu\/academics\/files\/2016\/08\/financial-planning.pdf\">2018-2019<\/a> [pdf]<\/li>\r\n \t<li><a href=\"https:\/\/web.saumag.edu\/academics\/files\/2016\/08\/financial-planning-17-18.pdf\">2017-2018<\/a> [pdf]<\/li>\r\n \t<li><a href=\"https:\/\/web.saumag.edu\/academics\/files\/2014\/12\/financial-planing-16-17.pdf\">2016-2017<\/a>\u00a0[pdf]<\/li>\r\n \t<li><a href=\"https:\/\/web.saumag.edu\/academics\/files\/2015\/03\/Finance-Options-2015-2016.pdf\">2015-2016<\/a> [pdf]<\/li>\r\n \t<li><a href=\"https:\/\/web.saumag.edu\/academics\/files\/2009\/12\/Finance-14-15.pdf\">2014-2015<\/a> [pdf]<\/li>\r\n \t<li><a href=\"https:\/\/web.saumag.edu\/academics\/files\/2009\/12\/Finance-Major-B.B.A.pdf\">2013-2014<\/a> [pdf]<\/li>\r\n \t<li><a href=\"https:\/\/web.saumag.edu\/academics\/files\/2009\/12\/Finance12.pdf\">2012-2013<\/a>\u00a0[pdf]<\/li>\r\n \t<li><a href=\"https:\/\/web.saumag.edu\/academics\/files\/2009\/12\/Finance.pdf\">2011-2012 <\/a>[pdf]<\/li>\r\n \t<li><a href=\"https:\/\/web.saumag.edu\/academics\/files\/2009\/12\/Finance-Major.pdf\">2010-2011 <\/a>[pdf]<\/li>\r\n \t<li><a href=\"https:\/\/web.saumag.edu\/academics\/files\/2009\/12\/Finance-Major1.pdf\">2009-2010 <\/a>[pdf]<\/li>\r\n<\/ul>\r\n&nbsp;","Program_Contact_Info":"","Advisors":"","Accreditations":"<a title=\"Link to AACSB accreditation information\" href=\"http:\/\/www.bestbizschools.com\/AACSB-Accredited\/default.asp\" target=\"_blank\" rel=\"noopener noreferrer\"><img class=\"aligncenter\" src=\"https:\/\/web.saumag.edu\/business\/files\/2009\/10\/aacsb.png\" alt=\"\" width=\"524\" height=\"177\" \/><\/a>AACSB International business and accounting accreditation represents the highest standard of achievement for business schools worldwide. Institutions that earn accreditation confirm their commitment to quality and continuous improvement through a rigorous and comprehensive peer review process.","Admission Requirements or Deadlines":"","Testimonials":"","rankings":"","careers":"","keywords":"banker, commercial, corporate, entrepreneur, planner, analyst, stock, broker, venture, capitalist\r\n","custom_tab_title":"","custom_tab_text":""},"_links":{"self":[{"href":"https:\/\/web.saumag.edu\/academics\/wp-json\/wp\/v2\/programs\/16367","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/web.saumag.edu\/academics\/wp-json\/wp\/v2\/programs"}],"about":[{"href":"https:\/\/web.saumag.edu\/academics\/wp-json\/wp\/v2\/types\/program"}],"version-history":[{"count":4,"href":"https:\/\/web.saumag.edu\/academics\/wp-json\/wp\/v2\/programs\/16367\/revisions"}],"predecessor-version":[{"id":17251,"href":"https:\/\/web.saumag.edu\/academics\/wp-json\/wp\/v2\/programs\/16367\/revisions\/17251"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/web.saumag.edu\/academics\/wp-json\/wp\/v2\/media\/16368"}],"wp:attachment":[{"href":"https:\/\/web.saumag.edu\/academics\/wp-json\/wp\/v2\/media?parent=16367"}],"wp:term":[{"taxonomy":"college_department","embeddable":true,"href":"https:\/\/web.saumag.edu\/academics\/wp-json\/wp\/v2\/college_department?post=16367"},{"taxonomy":"delivery","embeddable":true,"href":"https:\/\/web.saumag.edu\/academics\/wp-json\/wp\/v2\/delivery?post=16367"},{"taxonomy":"types","embeddable":true,"href":"https:\/\/web.saumag.edu\/academics\/wp-json\/wp\/v2\/types?post=16367"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}