The Insurance and Risk Management concentration examines the techniques useful to corporations, organizations, and individuals in minimizing the potential financial and nonfinancial losses arising from their exposure to risk. These techniques range from traditional insurance products, to recent advances in corporate and insurer risk management (e.g., risk financing and retention, non-insurance risk transfer, catastrophe derivatives). The concentration also encompasses such topics as risk and insurance regulation, global risk management, and related public policy initiatives. Students concentrating in Insurance and Risk Management go on to positions in investment banks, re-insurers, accounting firms, insurance brokerage firms, consulting firms, insurance companies, and corporate or governmental risk management departments.
Requirements for Concentration:
Insurance and Risk Management Core:
BEPP 305: Risk Management (required)
Students must select three courses from the following list. At least one course must be a BEPP course.
BEPP 261: Risk Analysis and Environmental Management
BEPP 322: Business Insurance and Estate Planning
BEPP 451: Fundamentals of Actuarial Science I
FNCE 205: Investment Management
FNCE 206: Financial Derivatives
FNCE 219: International Markets
HCMG 202: Economics and Financing of Health Care OR
HCMG 302: Economics and Financing of Health Care Delivery
OPIM 220: Introduction to Operations Management
OPIM 290: Decision Processes
Note: If you want to count BEPP 305 toward the Organizational Environment requirement, you should include an additional Insurance and Risk Management concentration course in its place.
Some courses from other departments or the MBA curriculum may be approved as substitutes by the Business Economics and Public Policy advisor.