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  Academic Programs / Business & Management

Risk Management & 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

 

Major Tracks within Risk Management & Insurance

Students in the Risk Management & Insurance 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: General Education (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 & Health Insurance & Employee Benefits   3  
RSK MGT 3502 Property & Liability Insurance Coverages 3  
RSK MGT 3503 Retirement Plans 3  
RSK MGT 4596* Advanced Topics in Health & Welfare Employee Benefits   3 WI
Select one:     3  
RSK MGT 3504 Property & Liability Insurance Functions       
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 & Health Insurance & Employee Benefits 3  
RSK MGT 3502 Property & Liability Insurance Coverages 3  
HLT MGT 3501 Introduction to the Health Services System 3  
HLT MGT 3502 Healthcare Financing & 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 & Health Insurance & Employee Benefits   3  
RSK MGT 3502 Property & Liability Insurance Coverages 3  
RSK MGT 3504 Property & 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 & Health Insurance & Employee Benefits   3  
RSK MGT 3502 Property & Liability Insurance Coverages 3  
RSK MGT 4596 Advanced Topics in Health & 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 & 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 Risk Management & Insurance 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 & 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 Risk Management & Insurance.

 

Requirements of Healthcare Risk Management Major - for transfer Students only

Required courses         
Department Course # Course Name Hours RCI
RSK MGT 3501 Life & Health Insurance & Employee Benefits 3  
RSK MGT 3502 Property & Liability Insurance Coverages 3  
HLT MGT 3501 Introduction to the Health Services System 3  
HLT MGT 3502* Healthcare Financing & 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 & Liability Insurance Functions   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 Functions).
*** Students are strongly recommended to select and complete a second major field of concentration. Please discuss recommended majors with the chair of Risk Management & Insurance.
Note: It is highly recommended that students take Healthcare Management 4596 (Integrated Delivery Systems & 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 & Health Insurance & Employee Benefits    3  
RSK MGT 3502 Property & Liability Insurance Coverages 3  
RSK MGT 3504 Property & 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 & 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 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 Risk Management & Insurance 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 Risk Management & Insurance.

Joint Program for RMI & 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 & Health Insurance & Employee Benefits) and RSK MGT 3503 (Retirement Plans).
  • RSK MGT major with a HR MGMT 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.

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