Thegoal of the risk management and insurance concentration is provide students with skills in financial management, risk management and financial planning. Graduates will be able to analyze and communicate findings on complex financial issues.

Learning outcomes:

  • Students will be able to identify risks, measure them and find mitigating solutions using all financial hedging instruments and insurance. The students will use relevant data to measure risks and solutions including design risk/awards and forecasting, loss reserves, frequency and severity. The students will be using appropriate quantitative measures for making informed risk management decisions as well as financial plans.
  • The students will learn how to interpret data and apply the analysis and design they create to various situations.
  • Students will be able to express the analytic, quantitative and ethical dimensions of risks and risk management of firms. Written and verbal communication are stressed in the RMI classes continually and match the analytical and syntheses capabilities. The students learn to create outlines and position the projects with articulation and clarity in mind. This is present throughout all the RMI classes. Students will be able to identify and analyze ethical dimensions of every element in the RMI education. The students will understand and articulate their fiduciary responsibility in each topic and each scenario.
  • Students will develop a global perspective in their courses and especially in the final class (FIRE 479). The global RMI and enterprise risk management are stressed on all levels ? the firms themselves, the products, the instruments, the coverages, the regulation and the challenges, especially in the era of systemic risk and financial stability on global levels for multinational firms.
  • Students in the RMI/corporate concentration will develop in-depth knowledge and skills in the commercial aspects of corporate RMI while personal RMI is still covered. The learning outcomes will be emphasized in the area of enterprise RMI, property and casualty insurance, catastrophe coverage and models. Students will learn about life cycle RMI, life and health insurance and annuities, social insurance, pensions, and employee benefits.