Risk Management and Insurance

RMIS 3370 Principles of Risk Management and Insurance (3 semester credit hours) Explore the fundamentals of risk management and insurance principles as essential components of global business operations and personal risk management. Topics include risk identification, risk analysis, global risk exposures, risk communication, insurance company operations, legal principles, loss prevention, safety concepts, and the social and economic relevance of risk management and insurance. (Same as FIN 3370) (3-0) S

RMIS 3375 Life and Estate Planning (3 semester credit hours) This course explores the major components for estate planning, and how these products provide financial stability to families. Students will learn how to perform a basic financial needs analysis to ensure proper coverages for businesses and families. Topics also include annuities, life insurance products, wills, trusts, estate and gift taxes, and the legal processes. Prerequisite or Corequisite: FIN 3320 or FIN 3370 or RMIS 3370. (Same as FIN 3375) (3-0) R

RMIS 4331 Business Liability Risk Management and Insurance (3 semester credit hours) Business liability exposures to risk and losses arising from negligence and/or other legal doctrines are presented, emphasizing risk management and insurance as an essential component of a business' enterprise risk management program. Risk assessment, loss prevention, and treatment of risk are presented in the areas of general liability, business auto, worker's compensation, cyber risk, and management and professional liability. Successful completion of this course, with a B or better, waives the corresponding national examination for the CPCU professional designation. Prerequisite or Corequisite: FIN 3320 or FIN 3370 or RMIS 3370. (Same as FIN 4331) (3-0) Y

RMIS 4332 Commercial Property Risk Management and Insurance (3 semester credit hours) All for-profit or non-profit businesses are subject to losses arising from property exposures. Incidents may occur, which can cause the business financial ruin and force them to close their doors unless they are properly prepared to manage these exposures. We will discuss how Commercial Property, Business Income & Extra Expense, Inland Marine, Ocean Cargo, Business-owners, Equipment Breakdown, and Cyber Risk insurance contracts may be employed to help protect businesses from financial losses due to various loss exposures. Students will also learn risk management techniques to help address loss exposures not traditionally covered by insurance contracts. Prerequisite: (FIN 3305 or REAL 3305) or (FIN 3370 or RMIS 3370). (Same as FIN 4332 and REAL 4332) (3-0) P

RMIS 4333 Enterprise Risk Management (3 semester credit hours) Study of the risks and exposures to loss affecting businesses and non-profit entities: including pure, financial, operational, and strategic risk. Data collection, analysis, and evaluation methods are explored using risk modeling principles. Risk management program objectives, goals, and management are presented along with the tools for identification, treatment, and financing of risk. Prerequisite or Corequisite: RMIS 4331 or RMIS 4332. (Same as FIN 4333) (3-0) S

RMIS 4334 Insurance Law and Contracts (3 semester credit hours) A basic course in the fundamentals of insurance law. Topics covered include: defining insurance; risk and the nature of the insurance relationship; insurable interests; indemnity; fortuity; subrogation; coordination of benefits; interpretation of policies; rights at variance with policy provisions; contract formation; warranties, misrepresentation and concealment; conditions; agents and brokers; insurance regulation; and insurance coverage. Prerequisite or Corequisite: FIN 3320 or FIN 3370 or RMIS 3370. (Same as FIN 4334) (3-0) S

RMIS 4336 Risk Systems and Theories (3 semester credit hours) Risk exists and permeates in all areas of societies, from the individual household to the executive offices of corporations. To manage risk effectively requires an understanding of the social, political, and technological progress in which hazards develop. Through this course, we will examine the concept of risk as it pertains to organizations and people. We will also discuss the tenets of risk controls and mitigation techniques to reduce the unfavorable outcomes of unexpected events. Prerequisite or Corequisite: FIN 3320 or FIN 3370 or RMIS 3370. (Same as FIN 4336) (3-0) Y

RMIS 4338 Foundations of Risk Analytics and Applications (3 semester credit hours) Enhanced data-driven decision making is an essential component of a successful organization's risk management and insurance program. This course provides a fundamental understanding of analytical techniques for big data. All business students will benefit from exploring the Internet of Things, data mining techniques, social network analysis, predictive modeling concepts, and the development of a data analytics strategy to help achieve superior business results. Prerequisite or Corequisite: FIN 3320 or FIN 3370 or RMIS 3370. (Same as FIN 4338) (3-0) Y

RMIS 4351 Operational Risk Management (3 semester credit hours) This course explores different aspects of risk governance and operational risk management. Operational risk management focuses on people, processes, policies, and external factors, each producing challenges to a firm's organizational performance. Students learn the fundamentals of how to mitigate or control each operational risk factor and be able to identify future challenges to reduce the negative effects of firm performance. (Same as FIN 4351) (3-0) Y

RMIS 4352 Financial Risk Management (3 semester credit hours) This course explores the risks and exposures to loss affecting businesses and non-profit entities, including pure, financial, operational, and strategic risk. Data collection, analysis, and evaluation methods are explored using risk modeling principles. Risk management program objectives, goals, and management are presented along with the tools for identifying, treating, and financing risk. (Same as FIN 4352) (3-0) Y

RMIS 4353 Principles of Information Security (3 semester credit hours) This course examines the organizational risks from technological advancements in an interconnected world. With growing concerns about cyber security, students will explore the various components of information systems, review systems control functions to reduce vulnerabilities, learn the basics of developing a cybersecurity program, and gain insights into the challenges of policy making to prevent information loss. (Same as FIN 4353) (3-0) Y

RMIS 4354 Cybersecurity Risk Management (3 semester credit hours) This course explores the risk management concept and process for managing an organization's information systems. Theories of risk and methodologies will be explored to provide students an opportunity to examine risk from various levels and dimensions to reduce organizational outcomes. Students will also learn the basic frameworks and models to enhance cybersecurity measures. (Same as FIN 4354) (3-0) Y