Fact Sheet - Risk Management and Insurance Major and Minor Fact Sheet Risk Management and Insurance Major and Minor Risk Management identifies, assesses and addresses the causes and effects of risk on an organization, including risks of loss to human resources, assets, and legal liability to others, applying risk control, risk transfer and risk financing techniques.
Insurance is one of the major transfer tools of risk management.
It builds on courses, skills and experience in fundamentals of accounting, economics, finance, mathematics, marketing, and human resource management. The Risk Management and Insurance major applies theory to practice using principles of finance, law and mathematics in the transfer and reduction of risk for individuals, corporations and government. Courses in finance, industrial relations, marketing, management information systems, or some other fields depending upon interest of the student. Describe the areas of work someone might be interested in when choosing this emphasis. Courses and exams leading to professional designations such as Chartered Life Underwriter and Chartered Property and Liability Insurance Underwriter.