Academic Programs / Business & Management
Risk Management and Insurance
R. B. Drennan, Program Director
Ritter Annex 403
215-204-8894
Rob.drennan@temple.edu
http://sbm.temple.edu/dept/rihm
Temple University's program in Risk Management and Insurance (RSK MGT) is nationally recognized. Located in the Department of Risk, Insurance, and Healthcare Management, the program prepares students to identify and evaluate various sources of risk, then select and implement solutions to control these risks through insurance and other mechanisms of risk transfer and distribution.
Graduates of this program often enter the risk management or employee benefit departments of large businesses and other organizations. They may also take challenging positions within insurance or benefit consulting firms, brokerage firms, agency operations, or insurance companies.
Risk management and insurance majors are strongly encouraged to become active in the Sigma chapter of Gamma Iota Sigma, Temple's national award-winning professional student organization in Risk Management, Insurance, and Actuarial Science. The organization hosts numerous guest speakers from the industry, sponsors a variety of career development seminars, and maintains a widely-distributed résumé book. For more information, please contact the GIS President, at 215-204-9368 or visit the web site at www.sigmachapter.org/mainpage.php.
Major Tracks within Risk Management and Insurance
Students in the RSK MGT major may select from one of three tracks depending on their interests. These include:
- Employee Benefit Management
- Healthcare Risk Management
- Property-Liability/Corporate Risk Management
Summary of Requirements
University Requirements
All students are required to complete a set of university requirements: GenEd or Core.
New freshmen starting in the 2008-2009 academic year are required to complete the GenEd curriculum.
New transfer students starting in the 2008-2009 academic year are required to complete the Core curriculum.
College Requirements
Students must meet College Graduation requirements, including the requirements of the major listed below. Students pursuing any of the Risk Management and Insurance major/tracks must attain a 2.0 cumulative GPA and 2.0 in the major/track to graduate with the Risk Management major. Use the major GPA calculator at www.fox.temple.edu/advising to calculate the GPA in the major.
Major Requirements for Freshmen
Freshmen Employee Benefits track
Freshmen Healthcare Risk Management track
Freshmen Property-Liability/Corporate Risk Management track
Major Requirements for Transfers
Transfer Employee Benefits track
Transfer Healthcare Risk Management track
Transfer Property-Liability/Corporate Risk Management track
Requirements of Employee Benefits Management Major for freshmen only
| Department |
Course # |
Course Name |
Hours |
RCI |
| RSK MGT |
3501 |
Life and Health Insurance and Employee Benefits |
3 |
|
| RSK MGT |
3502 |
Property and Liability Insurance Coverages |
3 |
|
| RSK MGT |
3503 |
Retirement Plans |
3 |
|
| RSK MGT |
4596 * |
Advanced Topics in Health and Welfare Employee Benefits |
3 |
WI |
| Select one: |
|
|
3 |
|
| RSK MGT |
3504 |
Property and Liability Insurance Operations |
|
|
| RSK MGT |
3505 |
Actuarial Applications in Risk Management & Insurance |
|
|
| RSK MGT |
4597 |
Global Corporate Risk Management |
|
WI |
| RSK MGT |
4598 |
Healthcare Risk Management |
|
WI |
| Subtotal |
|
|
15 |
|
| * This major capstone is taken in the final semester and all prerequisites must be met. |
Requirements of Healthcare Risk Management Major for Freshmen Only
| Department |
Course # |
Course Name |
Hours |
RCI |
| RSK MGT |
3501 |
Life and Health Insurance and Employee Benefits |
3 |
|
| RSK MGT |
3502 |
Property and Liability Insurance Coverages |
3 |
|
| HLT MGT |
3501 |
Introduction to the Health Services System |
3 |
|
| HLT MGT |
3502 |
Healthcare Financing and Information Technology |
3 |
|
| Economics |
3507 |
Health Economics |
3 |
|
| RSK MGT |
4598* |
Healthcare Risk Management |
3 |
WI |
| Subtotal |
|
|
18 |
|
| * This major capstone is taken in the final semester and all prerequisites must be met. |
Requirements of Property-Liability/Corporate Risk Management Major for Freshmen only
| Department |
Course # |
Course Name |
Hours |
RCI |
| RSK MGT |
3501 |
Life and Health Insurance and Employee Benefits |
3 |
|
| RSK MGT |
3502 |
Property and Liability Insurance Coverages |
3 |
|
| RSK MGT |
3504 |
Property and Liability Insurance Functions |
3 |
|
| RSK MGT |
4597* |
Global Corporate Risk Management |
3 |
WI |
| Select one: |
|
|
3 |
|
| RSK MGT |
3503 |
Retirement Plans |
|
|
| RSK MGT |
3505 |
Actuarial Applications in Risk Management & Insurance |
|
|
| Subtotal |
|
|
15 |
|
| * This major capstone is taken in the final semester and all prerequisites must be met. |
Requirements of Employee Benefits Management Major for transfer students only
| Required courses |
|
|
|
|
| Department |
Course # |
Course Name |
Hours |
RCI |
| RSK MGT |
3501 |
Life and Health Insurance and Employee Benefits |
3 |
|
| RSK MGT |
3502 |
Property and Liability Insurance Coverages |
3 |
|
| RSK MGT |
4596 |
Advanced Topics in Health and Welfare Employee Benefits |
3 |
WI |
| Select one of the following:* |
|
3 |
|
| RSK MGT |
3503 |
Retirement Plans |
|
|
| RSK MGT |
3505 |
Actuarial Applications in Risk Management & Insurance |
|
|
| HLT MGT |
3502** |
Healthcare Financing and Information Technology |
|
|
| RSK MGT** |
|
RSK MGT Electives - one or two courses excluding RSK MGT 3581, 3582, 3682. |
3-6 |
|
| International course - select one: |
3 |
|
| Economics |
3563*** |
International Trade |
|
|
| Economics |
3564*** |
International Monetary Economics |
|
|
| Finance |
3551 |
International Financial Markets |
|
|
| Finance |
3552 |
International Financial Management |
|
|
| GSM |
3566 |
Global Strategic Management |
|
|
| HR MGMT |
3565 |
International Human Resource Management |
|
|
| Law S.B.M. |
3562 |
International Law |
|
|
| Marketing |
3553 |
International Marketing |
|
|
| Economics^ |
3500+ |
Any upper-level Economics course, excluding Economics 3581. |
0-3 |
|
| Business Electives |
|
Select one to three electives from business departments 2500+^^ |
3-9 |
|
| Subtotal |
|
|
27 |
|
| |
|
|
|
|
| * Courses in this category satisfy the technology requirement for the major. |
| ** If Healthcare Management 3502 is taken to fill the technology requirement, the student will need one additional elective in Risk Management & Insurance to meet the department's five-course RSK MGT requirement for the major. |
| *** If Economics 3563 or 3564 is chosen to fulfill the International requirement, you will also satisfy the 3500+ level Economics requirement. It is the recommendation of the department that you do not take these courses. |
| ^ If you did not take Economics 3563 or 3564, it is highly recommended that you take Economics 3521 (Economics of Risk and Uncertainty) or Economics 3507 (Health Economics) to meet this requirement. |
| ^^ Students are strongly recommended to select and complete a second major field of concentration. Please discuss recommended majors with the chair of RSK MGT. |
Requirements of Healthcare Risk Management Major for transfer Students only
| Required courses |
|
|
|
|
| Department |
Course # |
Course Name |
Hours |
RCI |
| RSK MGT |
3501 |
Life and Health Insurance and Employee Benefits |
3 |
|
| RSK MGT |
3502 |
Property and Liability Insurance Coverages |
3 |
|
| HLT MGT |
3501 |
Introduction to the Health Services System |
3 |
|
| HLT MGT |
3502* |
Healthcare Financing and Information Technology |
3 |
|
| Economics |
3507 |
Health Economics |
3 |
|
| Select one of the following: |
|
3 |
|
| RSK MGT |
4596 |
Advanced Topics in Health and Welfare Employee Benefits |
|
WI |
| RSK MGT |
4597** |
Global Corporate Risk Management |
|
WI |
| RSK MGT** |
3504 |
Property and Liability Insurance Operations |
0-3 |
|
| International course - select one: |
3 |
|
| Economics |
3563 |
International Trade |
|
|
| Economics |
3564 |
International Monetary Economics |
|
|
| Finance |
3551 |
International Financial Markets |
|
|
| Finance |
3552 |
International Financial Management |
|
|
| GSM |
3566 |
Global Strategic Management |
|
|
| HR MGMT |
3565 |
International Human Resource Management |
|
|
| Law S.B.M. |
3562 |
International Law |
|
|
| Marketing |
3553 |
International Marketing |
|
|
| Business Electives |
|
Select one to two electives from business departments 2500+*** |
3-6 |
|
| Subtotal |
|
|
27 |
|
| |
|
|
|
|
| * Satisfies the technology requirement for the major. |
| ** If Risk Management & Insurance 4597 is taken to fill the capstone writing requirement, the student must also take the prerequisite for the course RSK MGT 3504 (Property & Liability Insurance Operations). |
| *** Students are strongly recommended to select and complete a second major field of concentration. Please discuss recommended majors with the chair of RSK MGT. |
| Note: It is highly recommended that students take Healthcare Management 4596 (Integrated Delivery Systems and Managed Care) as one of their business electives. |
Requirements of Property-Liability/Corporate Risk Management Major for transfer students only
| Required courses |
|
|
|
|
| Department |
Course # |
Course Name |
Hours |
RCI |
| RSK MGT |
3501 |
Life and Health Insurance and Employee Benefits |
3 |
|
| RSK MGT |
3502 |
Property and Liability Insurance Coverages |
3 |
|
| RSK MGT |
3504 |
Property and Liability Insurance Functions |
3 |
|
| RSK MGT |
4597 |
Global Corporate Risk Management |
3 |
WI |
| Select one of the following:* |
|
3 |
|
| RSK MGT |
3503 |
Retirement Plans |
|
|
| RSK MGT |
3505 |
Actuarial Applications in Risk Management & Insurance |
|
|
| HLT MGT |
3502** |
Healthcare Financing and Information Technology |
|
|
| RSK MGT |
|
Any RSK MGT elective course - needed only if HLT MGT 3502 is taken in category above |
0-3 |
|
| International course - select one: |
3 |
|
| Economics |
3563*** |
International Trade |
|
|
| Economics |
3564*** |
International Monetary Economics |
|
|
| Finance |
3551 |
International Financial Markets |
|
|
| Finance |
3552 |
International Financial Management |
|
|
| GSM |
3566 |
Global Strategic Management |
|
|
| HR MGMT |
3565 |
International Human Resource Management |
|
|
| Law S.B.M. |
3562 |
International Law |
|
|
| Marketing |
3553 |
International Marketing |
|
|
| Economics^ |
3500+ |
Any upper-level Economics course, excluding Economics 3581 and 3585 |
0-3 |
|
| Business Electives |
|
Select one to three electives from business departments 2500+^^ |
3-9 |
|
| Subtotal |
|
|
27 |
|
| |
|
|
|
|
| * Courses in this category satisfy the technology requirement for the major. |
| ** If Healthcare Management 3502 is taken to fulfill the technology requirement, the student will need one additional elective in Risk Management & Insurance to meet the department's five-course RSK MGT requirement for the major. |
| *** If Economics 3563 or 3564 is chosen to fulfill the International requirement, you will also satisfy the upper-level Economics requirement. It is the recommendation of the department that you do not take these courses. |
| ^ If Economics 3563 or 3564 is not taken, it is highly recommended that you take Economics 3521 (Economics of Risk & Uncertainty) or Economics 3507 (Health Economics) to meet this requirement. |
| ^^ Students are strongly recommended to select and complete a second major field of concentration. Please discuss recommended majors with the chair of RSK MGT. |
Joint Program for RMI and HRM Majors
The Risk Management and Insurance (RSK MGT) Department and the Human Resource Management (HR MGMT) Department now offer several joint programs for students interested in a career in employee benefits and/or human resource management. These programs allow students to broaden their career options by taking advantage of the cross-training offered by these departments.
- HR MGMT major with a RSK MGT concentration: Students take RSK MGT 3501 (Life and Health Insurance and Employee Benefits) and RSK MGT 3503 (Retirement Plans).
- RSK MGT major with a HRM concentration: Students take HR MGMT 2501 (Introduction to Human Resource Management) and HR MGMT 3511 (Compensation Management).
- Dual HR MGMT /RSK MGT major: Students fulfill all requirements for both majors.
For more information on joint HR MGMT/RSK MGT courses, contact Rob Drennan 215-204-8894.
|