Analysis and Management of Insurance Risk

Description
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.

Requirements

  • 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 370 R and Excel for Actuaries (3) (Prerequisite(s): MAT 342 or 343 with B or better; STP 226, 231, or 420 with B or better; Credit is allowed for only ACT 370 or ACT 394 (R in Excel for Business))

ACT 484 Internship (3)

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

IDS Core Course Information

All Interdisciplinary Studies students are required to complete a 9 credit-hour core and 9 credit hours of context/application courses.

Required Courses (9 credit hours):

  • IDS 201 Intellectual Fusion (recommended for freshman/sophomore students)
    • Prerequisites: None

OR

  • IDS 301 Becoming Interdisciplinary (3) (recommended for transfer students and/or students declaring IDS in their junior or senior year)
    • Prerequisites: Interdisciplinary Studies major

  • IDS 302 Integration Skills (3)
    • Prerequisite(s): Interdisciplinary Studies major; IDS 201 or 301 with C or better
  • IDS 401 Integration: Experiential Learning (3) (requires application)
    • Prerequisites: IDS 201 or 301 with C or better; IDS 302 with C or better; minimum 2.00 GPA; minimum of two courses completed in each concentration area

Context courses (6 credit hours)

Choose two Integrative Context courses from the following (3 credit hours each):

  • IDS 310: Integration: Cultural Contexts, C
  • IDS 311: Integration: Global Contexts, G, SB
  • IDS 312: Integrative Perspectives on Change
  • IDS 313: Integrative Perspectives on a Changing World
  • IDS 314: Integrative Perspectives on Cultural Dynamics, SB
  • IDS 315: Integration: Social Contexts, SB
  • IDS 316: Integration: Humanities Contexts, HU

Application courses (3 credit hours)

Choose any IDS Application course from the following (3 credit hours each):

  • IDS 140: The Nature of Knowledge Systems
  • IDS 302: Integration Skills
  • IDS 310: Integration: Cultural Contexts, C
  • IDS 311: Integration: Global Contexts, G, SB
  • IDS 312: Integrative Perspectives on Change
  • IDS 313: Integrative Perspectives on a Changing World
  • IDS 314: Integrative Perspectives on Cultural Dynamics, SB
  • IDS 315: Integration: Social Contexts, SB
  • IDS 316: Integration: Humanities Contexts, HU
  • IDS 484: Elective Internship

Transfer to ASU transfer.asu.edu

Maricopa County Community College District (MCCCD) transfer students transfer.asu.edu/maricopa

  • 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 transfer.asu.edu/maricopa for verification.

Year

Year

2020-21

Campus

Campus

Tempe

Advising

Advising

Interdisciplinary Studies Advising
cisa.asu.edu/advising
All appointments:
480-965-4464

Downtown Phoenix
Arizona Center, Suite 380

Polytechnic
Santa Catalina Hall

Tempe
Urban Systems Engineering

Online
480-965-4464

 

DARs Code

DARs Code

LAMIREMPH

College/School

College/School

College of Liberal Arts and Sciences

Concentration Contact

Concentration Contact

480‐965‐7195
math@asu.edu

WXLR 211