Risk Management and Insurance

Insurance companies need a diverse set of skills and hire graduates from a wide variety of majors. Completing a minor in risk management and insurance at Illinois State prepares students for a number of different careers in risk management and insurance.

Why Study Risk Management and Insurance?

Insurance is a common risk management technique that allows businesses and households to shift the financial burden of unpredictable losses from a host of perils such as natural catastrophes, theft, auto accidents, and physical injuries. There are a wide variety of types of insurance coverage including business property, liability, homeowners, auto, life and health insurance. To facilitate the transfer of risk, insurers employ a variety of professionals to screen potential buyers, estimate losses, invest premium dollars, and manage financial resources to promptly settle claims when they become due. In addition, individuals with insurance expertise may choose careers advising businesses how to effectively handle insurance risks rather than working for insurance companies. These jobs are exciting, well-paying, and require a variety of different types of skillsets, personalities, and interests. The industry continues to grow, and demand is higher than ever for graduates who possess these skills.

Application Information

Minors can only be declared by current Illinois State students. Current students can use the Apply to Your Program tool on My.IllinoisState.edu.

Application Period

Applications are always open

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