The Risk Management and Insurance Certificate program prepares students for analytical careers in organizations or within the insurance industry by developing skills to assess and effectively manage risk. The program focuses on the key concepts of risk forecasting and control programs and processes to evaluate potential risk treatments and risk management. Students learn the role of evaluation and treatment of hazard, operational, financial and organizational risks through root cause analysis, leading to the goal of business continuity management. Content aligns with the exams required for the completion of the Associate in Risk Management by the American Institute for Chartered Property Casualty Underwriters.
* Courses that were completed as part of an undergraduate degree cannot be applied to the Post-Baccalaureate Certificate requirements. An approved elective must be completed for any required course(s) that was previously completed.
Professional Certifications will be recognized but may not be used to fulfill a course requirement in this certificate program. A minimum of three RMGI courses must be completed at Davenport University in order to award this Post-Baccalaureate Certificate.
This course provides a foundation in basic management principles with special application and focus on the supervisory level of management. The four universal functions of management (planning, organizing, leading, and controlling) are explored. Students learn the theories and study their impact on the history of management practices. Proper case analysis process is also examined and applied through the discussion of various supervisory/managerial case situations. Applicable Course Fees can be found at https://my.davenport.edu/financial-aid/how-much-does-du-cost/tuition-and-fees.
Co-requisite(s): ENGL109
This course introduces the principles of risk management, risk mitigation and insurance processes. Students will focus on developing awareness of the challenges, the tools, and the process of designing and implementing a risk management program, including, but not limited to, utilizing insurance as a form of risk management. The course also explores how big data and data analytics provide key insights to risk management. Applicable Course Fees can be found at https://my.davenport.edu/financial-aid/how-much-does-du-cost/tuition-and-fees.
Recommended Co-requisite(s): MATH120 or MATH125, and MGMT211
RMGI420 - This course examines the core functional competencies of an insurance company and the interdependencies of those functions, including actuarial, claims, finance, reinsurance, and underwriting. Other topics include insurance regulation, the global insurance market, and the strategic management of an insurance company. Content in this course aligns with preparation for the national examination administered by American Institutes for Chartered Property Causality Underwriters (CPCU). Prerequisite(s): FINC211, RMGI221, and STAT220
RMGI457 - Students will examine enterprise risk management (ERM) as a key component of strategic planning, governance and process management. This course highlights internal control and compliance as framework for organizational success. Risk modeling tools and big data concepts will also be examined. Content in this course aligns with preparation for the national examination administered by American Institutes for Chartered Property Causality Underwriters (CPCU). Prerequisite(s): FINC211, RMGI221, and STAT220
Students learn to effectively assess and treat organizational risks, including supply chain, cyber, social media, climate change, reputation, and regulatory risks. The course will focus on root cause analysis of production and process risks with the goal of business continuity management. A broad range of organizational risk, including intellectual property, reputation risk, management liability and human resource risk will be explored. Content in this course aligns with preparation for the national examination administered by American Institutes for Chartered Property Causality Underwriters (CPCU). Applicable Course Fees can be found at https://my.davenport.edu/financial-aid/how-much-does-du-cost/tuition-and-fees.
Prerequisite(s): RMGI454
This course examines the development and implementation strategies of retention, transfer and hybrid risk financing techniques. Students will focus on evaluating loss forecasting techniques and alternative risk transfer (ART) programs. Content in this course aligns with preparation for the national examination administered by American Institutes for Chartered Property Causality Underwriters (CPCU). Applicable Course Fees can be found at https://my.davenport.edu/financial-aid/how-much-does-du-cost/tuition-and-fees.
Prerequisite(s): FINC211, RMGI321, and STAT220
3
Approved Elective for the Risk Management and Insurance Certificate
Contact Regional Internship Manager at least two semesters prior to enrolling.
This bachelor-level risk management and insurance internship is the integration of previous classroom instruction with new learning acquired through on-the-job work experience. The employment experience should be related as closely as possible to the student’s major field and individual interest. In general, 150-200 hours of career-related work time shall be required at the employment site and evidenced by weekly reports filed by the student. Students will be given information concerning placement site possibilities; however, responsibility for selection by the internship employer rests with the student. The internship may be either paid or unpaid. An appropriate faculty member and the placement site supervisor will evaluate the student’s performance. Note: Any unexcused non-attendance or dismissal from an internship will result in a grade of F. A criminal background check and drug screen may be required by