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College of Business: Building Students Futures
 

Insurance Major and Minor

The insurance program emphasizes effective teaching and student involvement in learning. Highly regarded scholars teach courses sharing professional experiences and academic research with their students.

Approximately one-half of the 120 semester hours required for the undergraduate degree in business is mainly earned during the first two years of study and are in the liberal arts, sciences, humanities and fine arts.

Specialization in the insurance and financial services area occurs in the junior and senior years with courses in life and health, property, liability, risk management, financial planning, insurance company operations and insurance law. Undergraduates who major in insurance and risk management are required to complete 24 semester hours of insurance and a student pursuing a minor is in need of 12 semester hours of insurance courses.

It is appealing for many students to double major in insurance with a complementary second major of finance, marketing, or business administration for example or also to combine their interests with such disciplines as actuarial science, health sciences, loss control, accounting, management, law, investments, applied computer science or economics.

Insurance Courses

  • FIL 250 Introduction to Risk and Insurance
  • FIL 350 Property Insurance
  • FIL 351 Life and Health Insurance
  • FIL 352 Liability Insurance
  • FIL 353 Financial Planning
  • FIL 354 Risk Management
  • FIL 355 Insurance Company Operations
  • FIL 382.03 Insurance Law
  • FIL 398.10 Insurance Internship

 

Suggested Electives

  • MKT 234 Personal Selling & Relationship Marketing
  • MQM 223 Small Business Entrepreneurship
  • FIL 246 Corporate Financial Statement Analysis

Actuarial Science Curriculum

An actuarial science major is offered through the Department of Mathematics. The major is designed to prepare actuaries for work in the insurance industry or as consultants dealing with the risk of potential financial losses. Graduates of the program are prepared for an actuarial career in either the property and casualty field or the life and health field.

The curriculum is balanced to provide the content for some professional exams conducted by the Casualty Actuarial Society and the Society of Actuaries. In addition to traditional mathematics and statistics courses that prepare students for early actuarial exams, the actuarial curriculum includes the following:

  • Theory of Interest
  • The Analysis of Time Series
  • Introduction to Life Contingencies
  • Credibility Theory and Loss Distributions
  • Topics in Actuarial Science

The major also requires an accounting course, a sequence in micro- and macroeconomics, "Legal Environment of Business," and "Introduction to Risk and Insurance." Students have an opportunity to complete a full-time, paid internship during their senior years.

For more information, view the Actuarial Sciences Web site.