Curriculum
The Certificate in Risk Management and Insurance is designed to prepare students to become working professionals in the property and casualty insurance industry and to provide students with the information needed to pass licensure examinations such as the Chartered Property Casualty Underwriters series. Completion of the 18-credit cluster of courses below will lead to a certificate in Risk Management and Insurance.
Required courses
BUSA 324 Business Law (3)
Introduction to the legal environment in which business operates with particular attention to principles of law relating to contracts, agencies, partnerships, corporations, and government regulations. (Not recommended for those who have completed BLAW 200 or equivalent.)
BUSA 301 Personal Finance (3)
This course focuses on the management of personal finance. Broad coverage of personal financial decisions, including basic financial planning, use of credit, purchasing an automobile and home, insurance, tax issues, investing, retirement, and estate planning. (Cross-list FIN 301)
BUSA 308 Principles of Risk Management and Insurance (3)
The primary focus will be on risk management and insurance techniques for dealing with potential losses to individuals and organizations. We will examine the principles of insurance and insurance contracts as well as discussing insurance industry operations and the various professions within the industry.
BUSA 328 Personal Lines Insurance (3)
Pre: Completion of or concurrent enrollment in BUSA 308.
This course provides an in-depth study of personal risk management and insurance. Each individual faces risk and must treat risk to continue to live and prosper. This course will examine personal property and liability insurance, life and health insurance, and retirement planning. It will emphasize the provisions of the insurance coverages and how the insurance is used to address personal risk management and financial planning needs. Upon completing the course, you should better understand the risks you face. You should be able to assist others, such as clients, with determining what types of insurance they should purchase and how they might address the risks which are not insurable. You should also be able to discuss underwriting concerns associated with these risks and how insurers address the concerns in their personal underwriting, pricing, and product development decision making. Finally, you should be prepared to take and pass CPCU 553 and the licensing exam for Life and Health insurance.
BUSA 338 Commercial Insurance (3)
Pre: Completion of or concurrent enrollment in BUSA 308.
The objective of this course is to examine the principles and basic concepts of commercial lines property and casualty insurance. The primary emphasis will be on the property and liability loss exposures faced by most organizations and the corresponding types of insurance for covering those loss exposures. We will also overview other risk financing plans.
BUSA 428 Enterprise Risk Management (3)
Pre: Completion of or concurrent enrollment in BUSA 308.
This course examines how corporations approach the problem of dealing with risks in today’s complex marketplace. Emphasis is given to the economic impact of losses on the firm, and alternative methods of dealing with managing and financing risk. Methods include loss prevention, risk retention, self-insurance, insurance purchasing, and risk financing techniques available through the capital markets. We also discuss today’s global marketplace and the risks faced by multinational firms.
Are you interested in Risk Management & Insurance?
Though risk is a part of business, experiencing its negative impacts doesn’t have to be. Minimize risk by making informed decisions. The UH West O‘ahu Risk Management & Insurance certificate can help contribute to those decisions.