Program Overview
The University of Hartford's BS in Risk Management and Insurance program equips students with the knowledge and skills to identify, assess, and manage risks for businesses and individuals. The program emphasizes experiential learning, analytical problem-solving, and professional development, preparing graduates for high-demand careers in insurance, risk management, and related fields.
Program Outline
This program is designed to provide students with industry-focused knowledge, skills, and professional development to help them become business leaders and decision-makers.
Objectives:
- To equip students with a strong foundation in risk management and insurance principles.
- To develop analytical and problem-solving skills to identify, assess, and manage risks effectively.
- To provide students with the technical knowledge and skills necessary to succeed in the insurance and risk management industry.
- To prepare students for professional certifications in risk management and insurance.
Program Description:
The BS in Risk Management and Insurance program is a full-time program with rolling admissions. The program consists of 120 credits, including:
- Core Classes: Principles of Insurance, Risk Analysis and Management, Life Insurance, Property and Liability Insurance, Social Insurance, Employee Benefits, InsurTech Venturing, and Cybersecurity and Privacy Risk Management and Insurance.
- Electives: Two electives in insurance, finance, or analytics, and four electives in insurance at the 300 or 400 levels.
- Internship: All undergraduate majors at the Barney School are required to complete an internship before they graduate. The program also offers opportunities for students to:
- Study abroad.
- Participate in research projects.
- Present their work at conferences.
- Network with professionals in the insurance and risk management industry.
Outline:
Program Content:
- Risk identification and assessment
- Risk mitigation and financing
- Insurance principles and practices
- Actuarial science
- Data analytics
- Finance
- Law
- Ethics
Program Structure:
- The program is divided into four years of study.
- Each year consists of two semesters.
- Students take a combination of core and elective courses each semester.
- Risk Analysis and Management: This course covers the identification, analysis, and management of risks faced by businesses and individuals.
- Life Insurance: This course examines the different types of life insurance products and how they can be used to meet individual and business needs.
- Property and Liability Insurance: This course explores the different types of property and liability insurance products and how they can be used to protect businesses and individuals from financial losses.
- Social Insurance: This course examines the role of government in providing social insurance programs, such as Social Security and Medicare.
- Employee Benefits: This course examines the different types of employee benefits, such as health insurance, retirement plans, and paid time off.
- InsurTech Venturing: This course explores the use of technology in the insurance industry, including the development of new insurance products and services.
Assessment:
Assessment Methods:
- Exams
- Quizzes
- Assignments
- Presentations
- Internship evaluations
Assessment Criteria:
- Knowledge and understanding of risk management and insurance principles
- Analytical and problem-solving skills
- Written and oral communication skills
- Professionalism and ethics
Teaching:
Teaching Methods:
- Lectures
- Case studies
- Simulations
- Group projects
- Guest speakers
Faculty:
The faculty in the Risk Management and Insurance program are experts in their fields with years of industry experience. They are dedicated to providing students with a high-quality education and preparing them for successful careers in the insurance and risk management industry.
Unique Approaches:
- The program offers a number of unique approaches to teaching, including:
- A focus on experiential learning through internships and case studies.
- A strong emphasis on developing analytical and problem-solving skills.
- A commitment to preparing students for professional certifications in risk management and insurance.
Careers:
Potential Career Paths:
- Actuarial science
- Claims oversight
- Corporate risk management
- Data analytics
- Finance
- Sales/distribution
- Strategic product marketing
- Underwriting/book of business assessment
Career Opportunities:
Graduates of the BS in Risk Management and Insurance program are in high demand by employers in a variety of industries. Some of the top employers of graduates include:
- Insurance companies
- Risk management consulting firms
- Financial institutions
- Government agencies
Career Outcomes:
The average starting salary for graduates of the BS in Risk Management and Insurance program is $50,000 per year.
- The program is accredited by the AACSB International.
- The program is offered on a full-time basis.
- The program has a rolling admissions policy.
- The program is designed to prepare students for professional certifications in risk management and insurance.
Conclusion:
The BS in Risk Management and Insurance program at the University of Hartford's Barney School of Business is a comprehensive and well-regarded program that provides students with the knowledge, skills, and experience they need to succeed in this growing field.
