Enterprise Risk Management and Insurance, Minor

The Minor in Risk Management will help prepare students for possible Chartered Property Casualty Underwriter (CPCU) credentials. It focuses in depth on foundations of risk management and insurance, enterprise risk management, business law for insurance, commercial property risk management and insurance, and commercial liability risk management and insurance. In addition, students will achieve further distinction by complementing their demonstrated expertise in insurance issues with a mastery of general management principles finance, operations, and leadership

Program Requirements

Course List

Code	Title	Credit Hours
Total Credit Hours		21
Discipline Core Requirements		21 Credits
MGMT 2340	Business Statistics I	3
or STAT 2040	Principles of Statistics QL
FIN 3100	Principles of Finance	3
FIN 4020	Enterprise Risk Management	3
FIN 4030	Foundations of Risk Management and Insurance	3
FIN 4040	Business Law for Insurance Professionals	3
FIN 4050	Commercial Property Risk Management and Insurance	3
FIN 4060	Commercial Liability Risk Management and Insurance	3

Graduation Requirements

Graduation Plan

This graduation plan is a sample plan and is intended to be a guide. Your specific plan may differ based on your Math and English placement and/or transfer credits applied. You are encouraged to meet with an advisor and set up an individualized graduation plan in Wolverine Track.

Plan of Study Grid

First Year
Semester 1		Credit Hours
MGMT 2340 or STAT 2040	Business Statistics I or Principles of Statistics QL	3
FIN 3100	Principles of Finance	3
	Credit Hours	6
Semester 2
FIN 4020	Enterprise Risk Management	3
FIN 4030	Foundations of Risk Management and Insurance	3
	Credit Hours	6
Second Year
Semester 3
FIN 4040	Business Law for Insurance Professionals	3
FIN 4050	Commercial Property Risk Management and Insurance	3
FIN 4060	Commercial Liability Risk Management and Insurance	3
	Credit Hours	9
	Total Credit Hours	21

Program Learning Outcomes

1. Apply risk management and enterprise risk management principles and practices.
2. Interpret how risk management techniques can be used to address an organization’s property loss exposures.
3. Define how to apply relevant principles of United States law to the business of insurance and risk management.
4. Interpret how risk management techniques can be used to address an organization’s commercial liability loss exposures.
5. Interpret how risk management techniques can be used to address an organization’s commercial exposures.