Risk Management and Insurance

RMIS 3370 Principles of Risk Management and Insurance (3 semester credit hours) Fundamentals of risk management and insurance in business and personal contexts; risk identification and analysis; global risk exposures; risk communication; insurance company operations; legal principles; loss prevention and safety concepts; social and economic significance of risk management and insurance. (Same as CYBR 3370 and 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. Prerequisites: Senior standing and FIN 3370 (Same as CYBR 4333 and 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) Concepts of risk across social, political, and technological contexts; dynamics of hazard development; theories of risk systems; risk controls and mitigation techniques to reduce adverse outcomes for individuals and organizations. Prerequisite or Corequisite: (FIN 3320 or FIN 3370 or RMIS 3370) (Same as CYBR 4336 and 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 CYBR 4338 and FIN 4338) (3-0) Y

RMIS 4351 Operational Risk Management (3 semester credit hours) Governance and management of operational risk; risks associated with people, processes, policies, and external factors; techniques for risk identification, mitigation, and control; consideration of emerging challenges to organizational performance. (Same as CYBR 4351 and FIN 4351) (3-0) Y

RMIS 4352 Financial Risk Management (3 semester credit hours) 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 CYBR 4352 and FIN 4352) (3-0) Y

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

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