The careers in surance are varied, a circumstance which is not surprising, considering the fact that the industry employs over 2 million people. The industry is extremely complex, so complex that it takes a number of professionals working together to get the job done. Therefore, teamwork is a continuing emplasis throughout the program. The courses cover the nature and management of risk, life and health insurance, property and casualty insurance, and employee benefits. One specific area of study with the insurance field is actuarial science.
Insurance is a social concept which heavily involves risks and probabilities.
The basic idea is that a group of people pool money together in a fund that will pay for the results of any calamity that might befall a group member. The actuary is responsible for calculating the probability of any loss and deciding what the costs will e. At the School of Business, the actuarial science program is an extension of the insurance discipline. Under the actuarial science component, students take additional math courses and prepare for the Society of Actuaries or Casualty Actuarial Society Professional Examinations, Series 100. Preparations for these examinations requires considerable study.