Insurance is a means of protection from financial loss. It is a form of risk management primarily used to hedge against the risk of a contingent, uncertain loss.

Actuarial science is the discipline that applies mathematical and statistical methods to assess risk in insurance, finance and other industries and professions. Actuaries are professionals who are qualified in this field through intense education and experience. In many countries, actuaries must demonstrate their competence by passing a series of thorough professional examinations

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More About Insurance & Risk Mgmt

"The Insurance and Risk Management track is specifically designed to provide Finance students a basic knowledge of the insurance industry and a basic understanding of the current academic and practitioner literature on financial risk management."
(Provided by: St. Joseph's University)

"Why Major in Risk Management and Insurance?
Insurance is a global industry that employees over 2.3 million people in the United States alone. The industry offers potential careers in a wide variety fields including claims, underwriting, actuarial sciences, sales, customer services, human resources, and information technology."
(Provided by: Appalachian State University)

"Actuaries find ways to manage risk and its financial consequences through strong analytical skills and knowledge in economics, finance, mathematics and statistics. They are key players in companies who deal with risk including insurance companies, hospitals, banks and more."
(Provided by: The University of Nebraska - Lincoln)

"Students will learn the techniques associated with the use of database, spreadsheets and word processing software for solving insurance/financial planning related problems, as well as, the techniques of effective business writing and producing effective business presentations."
(Provided by: California State University - Fullerton)

"The Insurance and Risk Management concentration examines the techniques useful to corporations, organizations, and individuals in minimizing the potential financial and non-financial losses arising from their exposure to risk." 
(Provided by:The University of Pennsylvania)

Our average graduating class numbers roughly 190, and those newly minted Terry alums are equipped to take a variety of positions in the industry, such as insurance adjusters and underwriters, insurance brokers and agents, actuaries, personal financial planners
(Provided by: The University of Georgia)