Students who are enrolled in a 4-year bachelor's degree in risk assessment and insurance learn the principles and theories governing life, health, and automotive insurance policies. These degree programs also cover accounting, financial product marketing, insurance law, portfolio management, statistics, and employee benefits. Applicants to a bachelor's program must have a high school diploma or the GED equivalent and submit their SAT and ACT scores.
Bachelor's Degree in Risk Assessment and Insurance
Curriculum in a bachelor's degree program in risk assessment and insurance includes hedging strategies, as well as how to limit risk through insurance and financial products. The program may include classes in financial regulations, taxation, and international economics. Students in undergraduate risk assessment and insurance degree programs might take the following courses:
- Business information systems
- Sales technology
- Operations management
- Insurance law
- Financial statements
The total number of jobs for insurance sales agents is expected to increase by 10% between 2018 and 2028, according to the U.S. Bureau of Labor Statistics (BLS). Information from the BLS also reveals insurance sales agents earn an annual mean salary of $67,890 as of May 2018 (www.bls.gov).
After receiving a bachelor's degree in risk assessment and insurance, some students continue with additional graduate or professional education, like a Master of Business Administration (MBA). Master's and doctoral degrees in finance, accounting, and economics are also offered to students with professional experience in the insurance or finance industries.
Bachelor's programs in risk assessment and management help prospective brokers to acquire industry knowledge and technical skills needed to assist their clients in finding appropriate insurance policies. Those who obtain a bachelor's degree may pursue further studies and gain professional experience that can benefit their career.