Insurance and Risk Management
This major prepares students for rewarding careers as underwriters, claim adjusters, agents or brokers in an insurance organization. The curriculum and the co-curricular activities provide the student with the knowledge and experience to be able to be a strong part of an insurance organization immediately upon graduation.
In addition to the course requirements, an internship is required and at least three internship credits must be earned before graduation. To enroll in 300- and 400-level IRM/FP classes you must have a 3.0 or better cumulative GPA, must maintain a 3.0 or better cumulative GPA to continue and must have a 3.0 or better cumulative GPA to graduate from Olivet College with this major.
The following is an overview of courses associated with our insurance and risk management major. We encourage you to speak with a faculty representative during your on-campus visit for detailed information about your specific program interests.
For an official description of courses and degree requirements, please reference our academic catalog.
Major Core Courses
- BUS 201 Principles of Accounting I
- BUS 202 Principles of Accounting II
- BUS 212 Business Law I
- BUS 316 Financial Management
- BUS 490 Business Policy and Strategic Management
- CS 210 Advanced Computer Information Systems
- ECO 201 Principles of Microeconomics
- ECO 202 Principles of Macroeconomics
- FP 200 Fundamentals of Financial Planning
- FP 350 Prospecting and Meeting Client Needs
- IDS 390 Internship
- IRM 350 Negotiation and Persuasive Presentations
- IRM 221 Principles of Insurance and Risk Management
- IRM 322 Personal Insurance
- IRM 323 Commercial Insurance
- IRM 454 Risk Management
- MTH 232 Statistics
You will also complete one of the following special interest tracks:
- IRM 324 PC Insurance Licensing
- IRM 483 Agency Operations
- IRM 482 Studies in Insurance and Risk Management: Variable Topics
- IRM 490 Strategic Management of Insurance Enterprise
- Membership in the Gamma Iota Sigma insurance and risk management fraternity is strongly recommended. The co-curricular activities of this student organization are a very significant and integral part of our educational process, providing a wide variety of learning opportunities outside of the classroom that help our students meet a large number of learning objectives and furnish portfolio exhibits which document the accomplishment of those objectives. Gamma Iota Sigma also sponsors the department seminar.
- The IRM 330 Ethics and Presentations course meets the Service Learning requirement, and is recommended for insurance and risk management students.
- If the student is planning to attend graduate school, ECO 301 Intermediate Microeconomics, MTH 151 Calculus I and MTH 152 Calculus II are recommended.
- A foreign language is highly recommended for all business students.