Insurance(m)

A minor in risk management is open to all undergraduate students. The minor prepares students to enter careers in the insurance industry or risk management. Students should be prepared to enter positions in underwriting, claims, marketing and risk management. Study of insurance also helps students interested in careers in other insurance company functions such as human resources, management, investments, actuarial science and accounting.

INSR 101 – Foundations of Risk Management and Insurance

3 credit hours

This course introduces risk management concepts including risk assessment, risk control, risk financing, and specifically insurance as a risk management technique. Students will analyze the insurance policy and review common policy concepts as well as gain an understanding of big data analysis.

INSR 102 – Insurance Company & Agency Operations

3 credit hours

The course provides an overview of how property-casualty insurance functions work together to create and deliver products. The course describes the various functions of an insurance company, including the marketing and distribution function, the underwriting function, and the claims function. In addition, insurance regulation, reinsurance, risk control, premium auditing, and strategic management is covered.

INSR 203 – Personal Insurance

3 credit hours

This course provides students the opportunity to understand risk management techniques, and how they apply to personal insurance coverages. Topics covered in-depth include: personal insurance overview; automobile insurance and society; personal auto policy coverage and endorsements; homeowner’s policy coverage and endorsements; other common personal lines policies; and life insurance, retirement, and disability and health insurance planning.

Prerequisites: INSR 101 recommended

INSR 204 – Commercial Insurance

3 credit hours

This course provides students the opportunity to understand risk management techniques, and how they apply to commercial insurance coverages. Topics covered in-depth include: Commercial property insurance, business income insurance, commercial crime and equipment breakdown insurance, inland and ocean marine insurance, commercial general liability insurance, commercial auto insurance, worker’s compensation and employer’s liability insurance, business owners and farm insurance, and specialty coverages.

Prerequisites: INSR 101 recommended

INSR 205 – Delivering Insurance Services

3 credit hours

This course provides students the foundation of knowledge needed to learn improvement principles which will attract and retain clients. Topics covered include: The nature of the insurance business; customer identification, needs, wants, and the customer’s voice; key processes, the process improvement model, and process improvement tools; leadership, teamwork, and organizational structures; and assessment of progress.

Prerequisites: INSR 101 recommended

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