Insurance and Risk Management
What is Insurance and Risk Management?
Insurance is an industry that employs people in a variety of functional roles, including accounting, finance, advertising, information systems, sales and sales management and operations. Risk management is an activity designed to strategically control the risks inherent in doing business in a variety of industries, such as financial services, health care, manufacturing and entertainment. The two are often paired, because the core business of both industries is to help others manage risks.
Successful professionals in the insurance and risk management field have an analytical mind set. Other attributes include:
- Quantitative proficiency
- Ability to identify and control risk
- Strong organizational skills
- Detail oriented
- Excellent oral, written and electronic communication capabilities
- Leadership skills
- Competence in decision-making
- Capacity for teamwork
The minor in insurance and risk management is recommended for students who want to pursue a career in a functional area of business (e.g. finance, accounting, marketing) in insurance and insurance-related enterprises. These students will gain an understanding of the operations, functional roles, products and services in the insurance industry. Students who seek to obtain a major in finance, actuarial science, business analytics, information systems or accounting may find it advantageous to combine their major with a minor in insurance and risk management. This will give them the understanding of the insurance industry as a context in which they might apply these functional skills.
Non-LCB students may substitute an alternate statistics course for BANA 2081.
|BANA2081||Business Analytics I||3|
Students complete three credit hours from the following options.
|ACCT3072||Introduction to Taxation||3|
|ACCT5146||Estate and Gift Taxation Planning||2|
|BANA4080||Data Mining and Analysis||3|
|BANA4090||Forecasting and Risk Analysis||3|
|FIN4081C||Johnson Investment Counsel Student-Managed Fund, Jr. Analyst||1|
|FIN4082C||Johnson Investment Counsel Student-Managed Fund, Senior Analyst||1|
|FIN4083C||Johnson Investment Counsel Student-Managed Fund, Portfolio Manager||1|
|FIN4160||Foundations of Financial Planning||1|
|FIN4161||Financial Planning Capstone||3|
|MATH3008||Introduction to Financial Mathematics||3|
|MATH4008||Introduction to Probability||3|
|MATH5110||Probabilistic Aspects of Financial Modeling||3|
|MATH5111||Computational Financial Mathematics||3|
|RE3095||Real Estate Finance||3|
Insurance and Risk Management Elective
Students may complete any non-required IRM course at the 3000 level or higher.
|IRM Minor Required Courses|
|IRM3090||Principles of Risk and Insurance||3|
|IRM4110||Health and Life Insurance||3|
|IRM4120||Property and Liability Risk Management and Insurance||3|
Students complete three credit hours of approved IRM electives.
UC Advantages and Special Opportunities
Success in today’s business environment is primarily driven by who students are and how they act. Accordingly, Lindner College offers an innovative approach to business education that we call PACE. The PACE framework allows students to create a customized roadmap for developing proficiency in Professionalism, Academics, Character and Engagement to ensure they can successfully pursue the personal and professional goals they are passionate about.
- Real-world learning opportunities ensure that our students learn the professional communication skills they need to excel in today’s business environment.
- The Lindner College Career Services team works with undergraduate students in developing resumes, learning interviewing techniques and obtaining the practical skills that fulfill the expectations of businesses.
- Lindner College students are distinct individuals with unique goals and interests, and that is why our curriculum ensures that students have a foundational understanding of the key business functions. The breadth of majors and minors allows students to add a second major or minor that will customize their education for added value. Students can augment in-class learning with co-operative education, internships and international study abroad experiences of their choosing.
- Character means having the strength and conviction to both lead and work with teams made up of diverse social, cultural and economic viewpoints. Ethics seminars, global experiences and leadership opportunities prepare students to deal with philosophical questions that have become real-world dilemmas. Lindner business courses help students build these skills through hands-on, collaborative projects, often working with Cincinnati businesses.
- Students’ lives and careers will be comprised of much more than just work. Community service, citizenship and organizational involvement are all key components of personal growth. Students are encouraged to get involved in the things they care about via the 20-plus student organizations within the Lindner College of Business, the 300-plus organizations within the University of Cincinnati and ongoing partnerships with service organizations like the United Way of Greater Cincinnati
Current Lindner students may add this minor to enahance their majors. Non-Lindner students already pursuing a baccalaureate degree in any college at the University of Cincinnati can add the minor to their program as long as they meet the following requirements:
- Have 30 earned semester credit hours
- Have at least a 3.0 University GPA and be enrolled in a four-year degree granting program
- Complete at least 50 percent of all minor coursework in the Lindner College of Business
- Earn a 2.0 in minor courses to be certified with the minor.
To apply for the minor, students should visit the Lindner Program Options site.
Students will be notified by email of their acceptance into the program and the process for registration in the Lindner classes required for the minor.
Students who have been accepted to the minor will see the minor appear on their application for graduation. Students apply for graduation in the minor as they normally would for their bachelor’s degree.
Applications deadlines for the business minors follow the “application for change in college” dates.
Fall Semester – July 1
Spring Semester – November 1
Summer Semester – March 1
AccreditationThe University of Cincinnati and all regional campuses are accredited by the Higher Learning Commission.
The UC Lindner College of Business has been accredited continuously since 1919 by AACSB International, the Association to Advance Collegiate Schools of Business, the premier accrediting agency for business colleges.
Completion of Academic Minor Degree in Insurance and Risk Management
Full-Time Program Duration
Uptown Campus West
Carl H. Lindner Hall, Suite 103
Cincinnati, OH 45221-0020
Phone: (513) 556-6392