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Risk Management and Insurance

The Department of Finance and the Emmett J. Vaughan Institute of Risk Management and Insurance offer the Certificate in Risk Management and Insurance. The certificate program is open to University of Iowa undergraduate students.

Certificate in Risk Management and Insurance

The Certificate in Risk Management and Insurance requires 24 s.h. The program is designed to provide an understanding of the many aspects of risk management and insurance. It concentrates on value creation and asset protection, including pure insurance and risk management, as well as on corporate and financial risk management. It also addresses the financial and economic characteristics of potential exposures to loss that business organizations and individuals face, and the techniques available for hedging the risks and minimizing the costs associated with these exposures.

The certificate provides students in business and in other majors with a foundation for careers in corporate risk management, risk management consulting, employee benefits management and insurance consulting, insurance brokerage, and underwriting. It also may be of value to students seeking professional designations, such as Chartered Life Underwriters (CLU) and Chartered Property and Casualty Underwriter (CPCU).

The certificate requires the following courses. Students may take 06F:100 Introductory Financial Management and 06F:102 Principles of Risk Management and Insurance in the same semester; they are prerequisites for all RMI courses.

CORE COURSES AND COREQUISITES 

ELECTIVES

All students choose two of these (6 s.h.): 

Finance majors choose three of these (9 s.h.): 

Non-finance majors choose three of these (9 s.h.): 

Admission

Admission to the Certificate in Risk Management and Insurance program requires enrollment in an undergraduate degree program; junior standing; a cumulative g.p.a. of at least 2.75; 06F:102 Principles of Risk Management and Insurance and its corequisite, 06F:100 Introductory Financial Management with a grade of B-minus or higher; completion of 06F:110 Financial Information Technology and all prerequisites; and a grade of C or higher in all other RMI courses.

Courses for Noncertificate Students

B.B.A. students majoring in finance can concentrate in risk management and insurance (RMI), or they can supplement their corporate finance and investment courses with one or more RMI courses. Other University of Iowa students, including those enrolled in other Tippie College of Business majors, can take RMI courses to enhance their understanding of related financial services or learn about employment opportunities in the industry.

College of Liberal Arts and Sciences students pursuing a B.A. or B.S. in mathematics, program C, take RMI courses as part of the major when they elect risk management and insurance as their area of application. Students in the Department of Statistics and Actuarial Science can take RMI courses to help prepare for their actuarial exams.

Affiliated Courses

The Department of Finance offers five courses affiliated with the Emmett J. Vaughan Institute of Risk Management and Insurance that are included in the Certificate in Risk Management and Insurance curriculum. See Finance in the Catalog for course descriptions and prerequisites.