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  • Insurance & Risk Management

    Course Descriptions

    IRM 210 Fundamentals of Insurance and Risk Management

    3 Credits 

    This is an introduction to risk management frameworks, standards, and processes. Students will study risk identification and control techniques, and insurable loss exposure. There will be an emphasis on the basic structure of insurance policies and the benefits of insurance in personal and commercial risk reduction.

    IRM 220 Operations and Management of Insurance Companies

    3 Credits 

    This course is a study of the organization of insurance entities. It examines how market and regulatory conditions influence organizational structure, and processes and functions such as underwriting, actuarial, claim, reinsurance, handling, audit, markets, and distribution. Students will examine insurers’ goals and strategies.

    IRM 301 Personal Property-Casualty Insurance and Risk Management

    3 Credits

    A study of personal property and casualty insurance policies and their role in personal risk management and financial planning. It includes analyses of property and liability exposures for individuals and families, provisions of personal auto and homeowners policies, and compensation approaches. Regulation of personal and casualty insurance providers will be discussed. Prerequisite: IRM 210.

    IRM 303 Project Management

    3 Credits 

    This course is a study of the basic foundation, framework, and key components of project management. It covers methods for managing project scope, project cost, project evaluation and review, and project communication. It emphasizes the role of effective project management in the overall risk management strategies of various organizations. Prerequisite: IRM 210.

    IRM 350 Life and Health Insurance

    3 Credits

    This is a study of the provisions, coverage, and regulation of life insurance and annuity contracts, and individual and group health insurance products. It covers Social Security, and the key challenges and features of disability income and long-term care. Students will examine these policies as part of an overall plan to manage risk by individuals and businesses. Prerequisite: IRM 210.

    IRM 401 Commercial Property-Casualty Insurance and Risk Management

    3 Credits 

    This course is a study of the role of commercial insurance in risk management. It covers the provisions, coverage conditions and regulation of commercial property and liability insurance. Students will examine commercial risk exposure and strategies to manage overall business risk using various insurance products. Prerequisite: IRM 210.

    IRM 497 Internship in Insurance and Risk Management

    3 Credits 

    This is an internship placement with an insurance company during a student’s junior or senior year. Students must complete 120 clock hours with the organization. The practicum placement must be approved by the student’s faculty advisor. Prerequisites: at least nine credits of IRM courses and junior standing. Prerequisites: At least nine credits of IRM courses; junior standing.