Risk Management Bachelor of Arts
All businesses and organizations face risk, possible future events and circumstances that can affect business goals. Risk Management is the essential business process through which organizations assess and mitigate risks in order to protect information and property resources and develop strategic business and financial plans.
Mercyhurst’s F. W. Hirt Erie Insurance Risk Management Program offers a unique business curriculum that equips students with the analytical and project management skills, communication abilities, and understanding of the laws and regulations that are essential for careers in risk management or insurance. This major also includes exposure to in-demand fields such as enterprise risk management and insurance, and it’s one of the few programs in the country to offer coursework in cyber risk management. Organizations in every industry need professionals skilled in risk management; with the insurance industry facing a talent shortage of 400,000 professionals, our grads are well positioned for excellent careers after graduation.
Students will receive an overview of risk management principles and the role insurance plays in the assessment process. This course also addresses all aspects of the risk control options in personal and enterprise contexts, including prevention, avoidance, transfer.
This course focuses on additional details of the terminology of insurance. To understand insurance, students need to review contract law and agency relationships. The course will introduce topics covered in later courses, such as personal property and liability insurance, commercial property and general liability insurance.
This course will provide an introduction to insurer statutory accounting, cash flow valuations, and insurer investment portfolio management. It will incorporate some coverage of GAAP financial statements and financial statement analysis. This course is closely aligned with the industry designation exam CPCU 540.
This course introduces students to legal aspects of cyber security. Topics include: availability, integrity, confidentiality, risk analysis and incident response, intellectual property law, contracts in online transactions, tort law issues in cyberspace, the concept of privacy and its legal protections.