Risk Management & Insurance Program

The Mission of the Risk Management and Insurance Concentration in the Broadwell College of Business and Economics is to familiarize students with all aspects of Risk Management and Insurance, build collaborative partnerships with government and private sector firms, and create opportunities for internships and employment.

The Risk Management and Insurance Concentration will equip students with the knowledge and skills in corporate risk management, life and health insurance, property and liability insurance, financial planning, and employee benefits. The Concentration is developed to prepare students with the skills to identify risks, analyze their impacts and develop mitigation plans.

Graduates are prepared for employment in the areas of insurance agency work, selling and servicing insurance products, financial risk assessments, and entry-level positions such as insurance underwriters and claims/loss adjusters; risk management professionals with employment opportunities that include corporate risk analyst, loss control specialist, and claims manager.

This Program is housed in the Department of Accounting, Finance, Healthcare Administration and Information Systems and Business Analytics. Students enrolled in the various degree programs in the Broadwell College of Business and Economics (BCBE) can complete the Risk Management and Insurance Concentration as the skills and knowledge gained are applicable to all businesses and industries.

 

Courses

  • Principles of Risk Management and Insurance
  • Corporate and Financial Risk Management
  • Employee Benefits and Retirement Planning
  • Insurance Law
  • Commercial Property and Liability Insurance
  • Life Insurance and Professional Financial Planning

 

Experiential Focus

Opportunities for students to learn outside the classroom are available through the college’s internships, careers and international programs. Outside of Career services events, students can participate in Corporate Days during the academic year and a Foundations of Insurance Immersion program, which provides career development workshops, awards upon completion, and opportunities to interview for paid internships and employment in risk management and insurance. This program can also lead to licensure or certification in North Carolina. Experiential learning is also enhanced through networking and leadership opportunities through student organizations and industry-specific events.

 

Careers

The Risk Management and Insurance industry is a $3 trillion global industry that employs more than 2.3 million people in the United States alone. Numerous jobs are available in Risk Management and Insurance (RMI). Recent statistics show that the number of graduates from RMI programs met only 10-15 percent of the industry’s needs. Areas of employment include:

  • Account Manager/CSR
  • Actuary
  • Broker
  • Claims Examiners, Property and Casualty Insurance
  • Claims Representative
  • Claims Adjuster
  • Field Liability Claims Supervisor
  • Financial Managers, Branch or Department
  • Fraud Investigator
  • Insurance Adjusters, Examiners, and Investigators
  • Insurance Appraisers, Auto Damage
  • Insurance Fraud Investigators Insurance Policy Processing Clerks
  • Insurance Underwriters
  • Insurance Agent/Producer
  • IT Manager
  • Lawyers
  • Life and Annuity Agent
  • Loss Control Specialist
  • Marketing Representative
  • Personal Financial Advisors
  • Real Estate Sales Agents
  • Risk Analyst
  • Risk Manager

 

Median Annual Wages, 2022

  • Actuary: $135,180
  • Financial Risk Specialist: $106,440
  • Underwriter: $74,350
  • Insurance Sales Agent: $57,940

 

Admission Requirements

Requirements for declaring a major within the Broadwell College of Business and Economics are detailed here.

For more information, please complete the following interest form: