Insurance and Risk Management Specialization

The Insurance and Risk Management Specialization is designed to prepare students to be an insurance specialist, with the academic and professional levels of education needed to advise on insurance and manage insurance company and agent operations.  The specialization is offered with strong support from the State of Ohio Governor’s office and the Ohio insurance industry.  This program is one of only a few 4-year degree programs in the state of Ohio specifically focused on insurance and risk management.

Upon completion of the program requirements, students will gain exposure to more than 30 different career paths including Benefits Specialist, Claims Adjuster, Claims Representative, Fraud Examiner, Insurance Agent, Loss Prevention Manager, Pricing Analyst, Risk Manager, and Underwriter.

Program Requirements

Insurance is a discipline dealing with all aspects of the Insurance industry.  In addition to the BSBA core courses, Insurance Specialization students take courses in Insurance Careers, Life and Health Insurance, Property and Liability Insurance, Insurance Company and Agency Operations, and Insurance Law.  They also select 3 electives from a list of Finance and Marketing courses.  The Insurance Specialization requires 22 credit hours (8 courses) beyond the general degree requirements for a BSBA degree:

1.     Required: 5 courses (13 credits)

       INS 2100 (1 credit)                       Introduction to Insurance and Insurance Careers

       FIN 4210 (3 credits)                      Insurance and Risk Management   

       INS 3220 (3 credits)                      Life and Health Insurance

       INS 3230 (3 credits)                      Property and Liability Insurance

       INS 3250 (3 credits)                      Risk Financing in Insurance

2.     Electives: choose three courses (9 credits) with at least two FIN courses from the following:

      FIN 4130 (3 credits)                      Personal Financial Planning

      FIN 4140 (3 credits)                      Retirement and Employee Benefits Planning

      FIN 4210 (3 credits)                      Risk Management and Insurance Planning

      FIN 4350 (3 credits)                      Investment Analysis

      MKT 3400 (3 credits)                    Professional Selling

      MKT 4050 (3 credits)                    Services Marketing

Notes:

• INS 2100 can be taken in sophomore year.
• All courses in the Insurance Specialization must be taken for a letter grade.
• A grade of C or better in FIN 3000 is required to take any Finance and Insurance 3000- and 4000-level Finance courses and for INS 3220 & INS 3230.
• Substitute courses must be approved by the Department.

Insurance Course Descriptions

Insurance Specialization Check Sheet

Program Highlights

• Industry-driven program with strong support from the State of Ohio’s Governor’s office and the Ohio insurance industry (Insuring Ohio Futures.com)
• Addressing the impending shortage of qualified insurance workers in the insurance industry of Ohio and neighboring states
• More than 30 different career options in the insurance industry
• One of only a few 4-year degree programs in the state of Ohio specifically focused on insurance
• The Insurance and Risk Management Institute to effectively promote partnerships with the insurance industry.
• The Insurance Advisory Board comprised of insurance professionals
• The insurance student organizations such as Gamma Iota Sigma Chapter at BGSU

To declare the Insurance Specialization, visit the Office of Undergraduate Development in MRCR 114.