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 (RMI) 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 website at www.sigmachapter.org/mainpage.php.
Major Tracks within Risk Management and Insurance
Students in the RMI 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
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.
Requirements of Employee Benefit Management Major
| 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 Mgmt & Insurance |
|
|
| HLT MGT |
3502** |
Healthcare Financing and Information Technology |
|
|
| RSK MGT** |
|
RMI 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 and 3685. |
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 RMI 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 RMI. |
|
| |
|
|
|
|
Requirements of Healthcare Risk Management Major
| 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 RMI. |
|
| 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
| 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 Operations |
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 RMI 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 3685 |
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 RMI 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 RMI. |
|
| |
|
|
|
|
Joint Program for RMI and HRM Majors
The Risk Management and Insurance (RMI) Department and the Human Resource Management (HRM) 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.
- HRM major with a RMI concentration: Students take RSK MGT 3501 (Life and Health Insurance and Employee Benefits) and RSK MGT 3503 (Retirement Plans).
- RMI major with a HRM concentration: Students take HR MGMT 2501 (Introduction to Human Resource Management) and HR MGMT 3511 (Compensation Management).
- Dual HRM/RMI major: Students fulfill all requirements for both majors.
For more information on joint HRM/RMI courses, contact Rob Drennan 215-204-8894.
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