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Wisconsin School of Business

Risk Management and Insurance


The major in risk management and insurance prepares students to identify, analyze, and manage risks that are inherent in the operation of profit and not-for-profit institutions. Besides professional careers in risk management, the major cultivates skills required for challenging opportunities in organizations that accept these risks—private and governmental insurers, as well as brokerage/agency and consulting organizations.

The program of study may be structured to aid students seeking professional designations of Chartered Property and Casualty Underwriter (CPCU) and Associate in Risk Management (ARM).

Requirements for the Major

1. RMI 300, Principles of Risk Management, 3 cr

2. Complete three of the courses below OR two of the courses below
AND one elective course:

RMI 640 Management of the Insurance Enterprise, 3 cr
RMI 645 Commercial Insurance Contracts, 3 cr
RMI 655 Risk Financing Techniques, 3 cr
RMI 660 Risk Analytics and Behavioral Science, 3 cr

Note: The following courses taken in spring 2015 or prior will satisfy this requirement:
RMI 610 Property Risk Management, 3 cr
RMI 615 Liability Risk Management, 3 cr
RMI 620 Employee Benefits Management, 3 cr

Elective Course Options:

Any 600-level RMI course, including the third course in the above list not taken to fulfill that requirement, 3 cr
Any 600-level Actuarial Science course, 3 cr
Finance 325 Corporate Finance, 3 cr
Finance 330 Derivative Securities, 3 cr

Note: The following courses taken in spring 2015 or prior will count as an RMI elective:

Act Sci 303 Theory of Interest and Life Insurance, 3 cr
MHR 305 Human Resource Management, 3 cr

This page was revised 7/8/15.