M.F.A. in Illustration
The University of Hartford's Master of Fine Arts (M.F.A.) in Illustration program i...
B.S. in Insurance and Risk Management
West Hartford, Connecticut
INTAKE: Jan & Aug
Program Overview
The Bachelor of Science (B.S.) in Insurance and Risk Management at the University of Hartford provides students with a comprehensive education in managing financial risks and understanding insurance principles. This program is designed to equip students with the knowledge and skills necessary to navigate the complex world of risk assessment, insurance underwriting, and risk management strategies. The curriculum combines theoretical knowledge with practical applications, preparing graduates for careers in a variety of sectors including insurance companies, financial institutions, and corporate risk management departments.
STEM-Designated: The B.S. in Insurance and Risk Management is not typically classified as a STEM-designated program. However, it incorporates analytical and quantitative methods essential for risk assessment and management, which are fundamental to understanding and addressing financial and operational risks. The program’s focus on data analysis, statistical methods, and financial modeling aligns with STEM principles, though it is primarily categorized under business and finance disciplines.
AACSB Accredited: The University of Hartford’s Barney School of Business, which offers the B.S. in Insurance and Risk Management, is accredited by the Association to Advance Collegiate Schools of Business (AACSB). This prestigious accreditation ensures that the program meets high standards of quality and rigor in business education. AACSB accreditation is a mark of excellence that signifies the program’s commitment to providing a top-notch educational experience in business and management.
Curriculum: The curriculum for the B.S. in Insurance and Risk Management is designed to provide students with a solid foundation in both theoretical and practical aspects of the field. Core courses include topics such as Principles of Insurance, Risk Management, Insurance Law, Financial Analysis, and Loss Prevention. Students also take courses in statistics, finance, and business ethics to enhance their analytical skills and understanding of financial systems. The program includes opportunities for hands-on learning through case studies, simulations, and internships, allowing students to apply their knowledge in real-world settings.
Research Focus: Research within the B.S. in Insurance and Risk Management program at the University of Hartford often focuses on emerging trends in risk management, insurance technology, and financial stability. Students and faculty explore topics such as actuarial science, risk modeling, and insurance market dynamics. Research projects may involve analyzing the impact of regulatory changes on the insurance industry, evaluating risk management strategies, or developing innovative approaches to managing financial risks. This research contributes to advancing knowledge in the field and preparing students for complex challenges in risk management.
Industry Engagement: The program emphasizes strong industry engagement, providing students with opportunities to connect with professionals and gain practical experience. This includes internships with insurance companies, risk management firms, and financial institutions. The University of Hartford also hosts industry events, workshops, and guest lectures featuring experts from the insurance and risk management sectors. These interactions help students build professional networks, stay informed about industry trends, and enhance their career readiness.
Global Perspective: The B.S. in Insurance and Risk Management program incorporates a global perspective by examining international insurance practices, global risk management issues, and cross-border financial regulations. Students learn about global insurance markets, multinational risk management strategies, and international regulatory environments. The program encourages students to understand how global economic and political factors influence risk management and insurance practices, preparing them to work in an increasingly interconnected world.
Location
West Hartford, Connecticut
Score
IELTS 6.5
Tuition Fee
USD 45682
Undergraduate Entry Requirements
Academic Qualifications: Applicants for undergraduate programs typically require a minimum academic achievement of 65% or above in their previous academic qualifications.
English Language Proficiency:
- IELTS: Overall band score of 6.5 with a minimum of 6.,0 in each component.
- TOEFL: Overall score of 80 or higher.
- PTE: Overall score of 58 or higher.
- DET (Duolingo English Test): Minimum score of 110.
- SAT: Overall score of 480 or higher.
The University of Hartford in the USA offers various scholarships and financial aid options to international students to help ease the cost of education. These scholarships are awarded based on factors such as academic merit, talents, and financial need.
International Student Scholarships: The University of Hartford offers a range of merit-based scholarships specifically for international undergraduate students. These scholarships are typically awarded based on academic achievement and are renewable for up to four years. The amount of the scholarship varies depending on the student's academic qualifications.
Talent-Based Scholarships: International students with exceptional talents in areas such as the arts, music, or athletics may be eligible for talent-based scholarships. These scholarships recognize and reward students for their outstanding abilities.
Honor Scholarships: The university offers competitive honor scholarships to academically high-achieving undergraduate students. These scholarships can significantly reduce the cost of tuition.
Diversity Scholarships: Some scholarships are awarded to students who contribute to the diversity of the university's student body. These scholarships are aimed at students from underrepresented backgrounds and often require an application and essay.
Alumni Legacy Scholarships: Children of University of Hartford alumni may be eligible for legacy scholarships. These scholarships are designed to support the next generation of students in their educational journey.
Departmental Scholarships: Various academic departments at the university offer scholarships to students majoring in specific fields. These scholarships are based on academic performance within a particular discipline.
Need-Based Financial Aid: In addition to scholarships, international students can apply for need-based financial aid. This may include grants and loans, and eligibility is determined by the student's financial circumstances.
External Scholarships: The University of Hartford assists international students in finding external scholarships, which are scholarships offered by organizations, foundations, or governments outside of the university.
Global Ambassador Scholarships: These scholarships are designed for international students who have been designated as Global Ambassadors. Global Ambassadors play a crucial role in helping new international students transition to life at the university.
It's important to note that scholarship availability, criteria, and application deadlines can change from year to year.
Graduates of the Bachelor of Science (B.S.) in Insurance and Risk Management program from the University of Hartford are well-prepared to enter a dynamic and evolving field. The program equips students with the skills necessary to manage risks and understand insurance principles, opening up a variety of career paths in the insurance and financial services industries.
Insurance Underwriter: Insurance underwriters evaluate insurance applications and determine the risk level associated with insuring individuals or businesses. They analyze data such as health records, financial statements, and other relevant information to decide whether to approve or reject insurance policies. This role requires a strong understanding of risk assessment and underwriting guidelines.
Risk Manager: Risk managers identify, analyze, and mitigate potential risks that could impact an organization’s financial health or operational stability. They develop strategies to minimize risk exposure and ensure compliance with regulatory requirements. Risk managers work across various industries, including finance, healthcare, and manufacturing, to protect the organization from financial losses.
Claims Adjuster: Claims adjusters investigate insurance claims to determine the validity and amount of compensation owed to policyholders. They examine evidence, interview claimants and witnesses, and assess property damage or loss. Claims adjusters play a crucial role in the insurance claims process, ensuring fair and accurate settlements.
Actuary: Actuaries use mathematical and statistical methods to analyze financial risks and uncertainties. They work with insurance companies and financial institutions to develop pricing models, assess risk exposure, and ensure the financial stability of insurance products. Actuaries play a critical role in designing insurance policies and managing risk.
Insurance Broker: Insurance brokers act as intermediaries between clients and insurance companies. They help clients select appropriate insurance coverage by assessing their needs, comparing policy options, and negotiating terms with insurers. Brokers must stay informed about market trends and insurance products to provide valuable advice to clients.
Risk Analyst: Risk analysts assess and manage risks within organizations by analyzing data, developing risk models, and creating risk management strategies. They work in various sectors, including banking, insurance, and corporate finance, to identify potential risks and implement measures to mitigate them.
Financial Analyst: Financial analysts evaluate financial data to provide investment recommendations and financial forecasts. They analyze market trends, financial statements, and economic conditions to support investment decisions and risk management strategies. Financial analysts work in banks, investment firms, and corporate finance departments.
Insurance Product Manager: Insurance product managers develop and manage insurance products, such as life, health, or property insurance. They work on product design, pricing, and market analysis to ensure that insurance products meet customer needs and regulatory requirements. This role involves collaborating with various departments, including marketing, underwriting, and claims.
Compliance Officer: Compliance officers ensure that insurance companies and financial institutions adhere to regulatory requirements and industry standards. They monitor and evaluate compliance with laws and regulations, conduct audits, and implement policies to maintain legal and ethical standards within the organization.
Loss Control Specialist: Loss control specialists work to prevent losses and reduce risk exposure for organizations. They assess potential hazards, conduct safety inspections, and recommend measures to mitigate risks. Loss control specialists often work with businesses to improve safety practices and reduce the likelihood of insurance claims.
Consultant: Graduates can also pursue careers as consultants, providing expertise in risk management and insurance to various organizations. Consultants analyze clients' risk profiles, recommend strategies for managing risk, and assist in implementing risk management programs. This role may involve working with insurance companies, financial institutions, or corporate clients.
Underwriting Analyst: Underwriting analysts support insurance underwriters by analyzing data related to insurance applications. They assist in evaluating risk factors, processing applications, and determining policy terms and premiums. This role involves a detailed understanding of underwriting guidelines and risk assessment procedures.
