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.
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.
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.
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
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.