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 Accountant, Benefits Specialist, Claims Adjuster, Claims Representative, Fraud Examiner, Insurance Agent, Loss Prevention Manager, Pricing Analyst, Risk Manager, and Underwriter. (Click Insurance Career Opportunities for description of each career path.)
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 4050 (3 credits) Services Marketing
MKT 4400 (3 credits) Professional Selling
- 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.
- 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 CBA college office in BA 253.