Program Overview

Bachelor of Science in Business Administration, Insurance and Risk Management

About

The Bachelor of Science in Business Administration (BSBA) in Insurance and Risk Management prepares students to identify, analyze, and manage risk in a wide variety of personal and professional contexts. Students gain a comprehensive understanding of topics such as personal and corporate risk management, insurance operations, property and liability insurance, life and health insurance, and commercial insurance solutions. This knowledge is vital for roles in large corporations, insurance companies, and risk management teams, as well as for small business owners, municipal leaders, and nonprofit directors. The curriculum emphasizes practical applications, industry insights, and professional growth, equipping students with the skills to excel in insurance operations, underwriting, claims, and risk analysis.

Learning Outcomes

Upon completion of the B.S.B.A. program in Insurance and Risk Management, students should be able to:

• Demonstrate understanding of key business principles, insurance operations, and risk management practices, including underwriting, claims, and product distribution.
• Identify and analyze personal, corporate, and commercial risk exposures, and apply strategies to recommend appropriate insurance solutions.
• Evaluate the ethical, legal, and regulatory dimensions of insurance decisions, ensuring compliance and fairness across diverse contexts.
• Assess the impact of global issues, such as climate change and cyber threats, on insurance markets and risk management strategies.
• Develop effective communication and teamwork skills to present insurance solutions, negotiate with stakeholders, and collaborate with industry professionals.
• Utilize financial statements and data analytics to inform risk management, underwriting, and claims decisions.
• Analyze the role of insurance in addressing public policy issues, including social insurance programs and regulatory frameworks.
• Build skills for leadership roles and advanced certifications in the insurance and risk management industry.

Career Possibilities

The insurance and risk management career opportunities are at an all-time high due to several factors: the combination of industry growth, delayed professional and executive level retirements that are now compounding industry human capital shortages, and a strong sense of urgency among employers for increased diversity in the workplace to name a few.

Industry professional entry career paths are varied and mostly technical in nature. Those paths include, but are not limited, to the following:

• Underwriting
• Claims adjusting
• Actuary
• Risk management
• Premium Audit
• Insurance sales and consulting
• Safety engineering
• Surety bonds
• Account managers
• Marketing

Requirements

General Education Requirements - Credits: 36-47

• First-Year Seminar - Credits: 2-3
• English Composition - Credits: 6
  • ENG 101 - Composition I
  • ENG 102 - Composition II
• Second-Year Seminar - Credits: 3
• Constitutions - Credits: 3-6
• Mathematics - Credits: 3
  • MATH 124 - College Algebra or higher
• Distribution Requirement - Credits 19-20
  • Humanities and Fine Arts - Credits: 9
    • Humanities, 6 credits required from two different areas
      • COM 101 - Public Speaking
      • An additional Humanities from a different area
    • Fine Arts, 3 credits
  • Social Science - Credits: 0
    • Automatically satisfied by business requirements
  • Life and Physical Sciences and Analytical Thinking - Credits: 10-11
    • Life and Physical Sciences - 7-8 credits
      • One science course with a lab
      • One non-lab science course
    • Analytical Thinking 3 credit course
• Multicultural and International Requirements - Credits: 0-6
  • Multicultural, one three-credit course required
  • International, one three-credit course required

Lee Business School Requirements - BSBA in Insurance and Risk Management - Credits: 72-76

• Business Administration Core Requirements - Credits: 42-45
  • ACC 201 - Financial Accounting
  • ACC 202 - Managerial Accounting
  • ECON 102 - Principles of Microeconomics
  • ECON 103 - Principles of Macroeconomics
  • ECON 261 - Principles of Statistics I
  • IS 101 - Introduction to Information Systems or Microsoft Office proficiency or equivalent
  • BLW 302 - Legal and Ethical Environment of Business
  • FIN 301 - Principles of Managerial Finance (Milestone Course)
  • IS 330 - Strategic Management of Technology and Innovation
  • IS 335 - Business Analytics
  • MGT 301 - Principles of Management and Organizational Behavior
  • MGT 371 - Leadership and Managerial Skills
  • MKT 301 - Marketing Management
  • SCM 352 - Operations Management
  • Select one capstone course from:
    • BUS 496 - Strategic Management and Policy
    • BUS 498 - Global Business Strategy
• Other Lee Business School Requirements - Credits: 6-8
  • BUS 321 - Business Communication (Milestone Course)
  • And one from:
    • MATH 127 - Precalculus II
    • MATH 128 - Precalculus and Trigonometry
    • MATH 132 - Finite Mathematics
    • MATH 176 - Introductory Calculus for Business and Social Sciences
    • MATH 181 - Calculus I
    • MATH 182 - Calculus II
• Insurance and Risk Management Major Requirements - Credits: 24
  • FIN 321 - Corporate Risk Management
  • FIN 322 - Insurance and Risk Management
  • FIN 323 - Insurance and Risk Management Operations
  • FIN 324 - Addressing Commercial Property Risks
  • FIN 325 - Addressing Commercial Liability Risks
  • FIN 420 - Property and Liability Insurance
  • FIN 421 - Life and Health Insurance
  • FIN 422 - Risk Management Seminar (Culminating Experience Course)

General Electives - Credits: 0-12

The number of general electives necessary for each student varies based on how many credits a student uses to satisfy the requirements identified above. The minimum number of degree-applicable credits required to earn a degree from the Lee Business School is 120.

Notes

1. All courses in the major requirements section must be completed with a grade of C or better.
2. Any course that is included as a prerequisite for a Lee Business School course requires a minimum grade of C or better.
3. FIN 301 and BUS 321 are Milestone Experience courses for Insurance and Risk Management B.S.B.A.
4. FIN 422 is a Culminating Experience course for Insurance and Risk Management B.S.B.A.