From man-made disasters to natural threats, our personal and professional lives can change in an instant. It’s a risky world, but where would we be without visionary men and women who were willing to take a chance?
Hope for the best but plan for the worst. If you have a head for business and a passion for planning safe, secure, and bright futures, add a specialization in insurance to your School of Business studies.
Think insurance is boring? Stifle your yawn. According to sales will approach nearly one trillion dollars in 2018. That’s big business. And today’s insurance industry goes far beyond the basic coverage needed for personal automobiles, health, and property, like:
Â鶹ֱ²¥’s insurance specialization is focused on helping you build business knowledge and understand the “big picture” of a business and insurance environment that is changing due to:
As a School of Business student, you’ll explore and study top trends in the insurance industry, like continuing mergers and acquisitions, the growth of cyber insurance, the rise of new micro-industries like marijuana cultivation, and escalating rates of reinsurance.
You’ll learn about important, relevant business continuity, financial services, risk management, and insurance-based tools and trends as well as best practices for sales and profitability. You’ll also develop strong communication, collaboration, problem-solving, and other essential skills.
In addition to completing common core of business courses, you’ll take general education, required, and elective courses that are specific to your chosen major.
Â鶹ֱ²¥’s 12-credit specialization in insurance is a great complement for management, finance, and marketing majors. You’ll complete courses like:
You’ll work closely with your academic advisor to complete required courses and choose elective courses that are a good fit with your personal and professional goals.
All Â鶹ֱ²¥ business majors complete at least one internship. With a specialization in insurance, you may also choose complete a second internship before graduation.
While estimates vary, about 25 percent of insurance positions are in sales and marketing. The majority are in professional, managerial, and technical roles related to actuary science, claims, loss control, risk management, safety management, and underwriting.
According to the U.S. Department of Labor’s (BLS), the job outlook for insurance sales agents is expected to grow by at least 10 percent, which is more quickly than average compared to other professions, through 2026. Their median pay in 2017 was nearly $50,000.
Related occupations and their median pay in 2017 include:
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Notice of Nondiscrimination
Â鶹ֱ²¥ does not discriminate on the basis of race, ethnicity, color, sex, gender, gender identity, sexual orientation, religion, creed, national origin, age or disabilities in the selection of administrative personnel, faculty and staff, and students.
*Placement rates are gathered from data collected from graduates within six months of graduation.
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Â鶹ֱ²¥ is sponsored by the , Oldenburg, Indiana.
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