Analysis and Management of Insurance Risk

Analysis and Management of Insurance Risk is the identification, assessment and prioritization of risks that is followed by coordination and economic application of resources to minimize risk and monitor the probability and impact of unfortunate events, or to maximize the realization of opportunity. The objective of risk management is to assure uncertainty does not deflect the endeavor from the business goals. The concentration helps students become well-rounded business assessors of risk, ready to utilize their knowledge of mathematics, statistics, economics, marketing, business, finance and accounting in an insurance career.


  • Students must complete a minimum of 18 credit hours which includes 12 upper division hours for this concentration.
  • All courses must be completed with a grade of “C” (2.00) or higher.
  • Students must hold a minimum GPA of 2.50 to pursue this concentration.
  • Students must have completed the following prerequisite courses at ASU or an equivalent institution with a grade of "C" or better:
    CIS 105 Computer Applications and Information Technology (3) or equivalent
    ECN 211 Macroeconomic Principles (3) OR ECN 212 Microeconomic Principles (3)
    MAT 210 Brief Calculus (3)

Required Core 3 credit hours

ACT 301 Risk Management and Insurance (3) (Prerequisite(s): MAT 210, 265, or 270 with C or better; ECN 211 or 212; ECN 221, STP 226, or STP 420)

Electives 12 credit hours
Choose four courses from the following:

ACT 201 Introduction to Elements and Techniques of Actuarial Science (3) (Prerequisite(s): CIS 105 with B or better; MAT 270 with B or better)
ACT 302 Fundamentals of Enterprise Risk Management (3) (Prerequisite(s): ACT 301)
ACT 320 Property and Casualty Insurance (3) (Prerequisite(s): ACT 301)
ACT 330 Life and Health Insurance (3) (Prerequisite(s): ACT 301)
ACT 484 Internship (3)
CIS 308 Advanced Excel in Business (3) (Prerequisite(s): CIS 105 or CIS 236 with C or better; minimum 45 hours. credit is allowed for only CIS 308 or CIS 394 (Advanced Excel in Business))

Elective 3 hours
Choose one course

STP 226 Elements of Statistics (3) (Prerequisite(s): MAT 117 or MAT 142 or other course meeting General Studies MA requirement with C or better, or Mathematics Placement Test with a score of 50% or higher, or ALEKS score of 61 or higher)

STP 420 Introductory Applied Statistics, CS (3) (Prerequisite(s): MAT 210, 251, 265, or 270 with C or better)

Any ACT 300 or 400 level course

All Interdisciplinary Studies students are required to complete a 12 credit hour core.

BIS 301, BIS 302 and BIS 402 courses require:

  • A meeting with your academic advisor to:
    Ensure both of your concentration areas have been declared
    Are working towards completing (or have completed) 1-2 courses in each declared concentration

  • One course meeting general studies MA requirement
  • ENG 102 or ENG 105 or ENG 108 or First Year Composition Completed
  • Minimum 2.00 GPA

Required Courses (12 credit hours):

BIS 301 Foundations of Interdisciplinary Studies, L (3)

BIS 302 Interdisciplinary Inquiry (3)
     Prerequisite(s): BIS 301 with C or better

BIS 401 Applied Interdisciplinary Studies (3) (requires application)
     Prerequisites: BIS 301 with C or better; BIS 302 with C or better; Minimum of two courses completed in each concentration area

BIS 402 Senior Seminar, L (3)
     Prerequisite(s): BIS 301 with C or better; BIS 302 with C or better

For important information, additional major requirements, course descriptions, and application deadlines: Interdisciplinary Studies Core Courses

For assistance in selecting your concentration areas of study complete the Interdisciplinary Studies concentration workshop: Interdisciplinary Studies Pre-Advising Workshop

Transfer to ASU

Maricopa County Community College District (MCCCD) transfer students

  • Courses may fulfill Arizona General Education Curriculum (AGEC) or Associate’s degree requirements, consult with your community college academic advisor for details.
  • MCCCD course transfer equivalencies are listed here; they may be applied toward this concentration (maximum of six credits or two courses).
  • Information listed was current for this catalog year at the time of printing, consult for verification.









Interdisciplinary Studies Advising
All appointments:

Downtown Phoenix
Arizona Center, Suite 380

Santa Catalina Hall

Urban Systems Engineering



DARs Code

DARs Code




College of Liberal Arts and Sciences

Concentration Contact

Concentration Contact


WXLR 211

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