Analysis and Management of Insurance Risk (Certificate)

At a Glance: program details

Certificate Map

Do you have an eye for detail? Are you good with numbers? A lucrative career in risk management may be perfect for you.

Program Description

Risk management is the identification, assessment and prioritization of risks and is followed by coordination and economic application of resources to minimize risk or maximize the realization of opportunity. The certificate program helps students become well-rounded assessors of risk who can monitor the probability and impact of unfortunate events.

Program Requirements

The certificate requires 15 credit hours from the approved course list below, with the only required course being ACT 301. A grade of "C" (2.00 on a 4.00 scale) is required for all courses.
Required Course -- 3 credit hours
Electives (choose four) -- 12 credit hours
Prerequisite courses may be needed in order to complete the requirements of this certificate.

Enrollment Requirements

Students must hold a minimum GPA of 2.50 to pursue this certificate and must have completed the following prerequisite courses at ASU or an equivalent institution with a grade of "C" or better (scale is 4.00 = "A"):

CIS 105 Computer Applications and Information Technology or equivalent
ECN 211 Macroeconomic Principles or ECN 212 Microeconomic Principles
MAT 210 Brief Calculus
STP 226 Elements of Statistics or ECN 221 Business Statistics

A student pursuing an undergraduate certificate must be enrolled as a degree-seeking student at ASU. Undergraduate certificates are not awarded prior to the award of an undergraduate degree. A student already holding an undergraduate degree may pursue an undergraduate certificate as a nondegree-seeking graduate student. Applicants should contact the unit for additional information.

Learning Outcomes

  • Analyze factors of risk to make informed assessments for insurance purposes.
  • Use mathematical and statistical theories to demonstrate mastery of analytical decision making based on both qualitative and quantitative data.

Career Outlook

Graduates with a certificate in analysis and management of insurance risk have skills that are transferable to any organization that requires risk modeling and management, including:

  • colleges and universities
  • consulting firms
  • energy and environmental agencies
  • financial services
  • government agencies
  • insurance companies
  • retirement and pension companies
  • transportation companies

Example Careers

Students who complete this degree program may be prepared for the following careers. Advanced degrees or certifications may be required for academic or clinical positions.

Accountants and Auditors

  • Growth: 4.4%
  • Median Salary*: 78000
  Bright Outlook


  • Growth: 23.2%
  • Median Salary*: 113990
  Bright Outlook

Compliance Managers

  • Growth: 3.3%
  • Median Salary*: 128620

Claims Adjusters, Examiners and Investigators

  • Growth: -3.1%
  • Median Salary*: 72230

Insurance Underwriters

  • Growth: -2.4%
  • Median Salary*: 76230

Logistics Analysts

  • Growth: 18.3%
  • Median Salary*: 77520
  Bright Outlook

Financial Risk Specialists

  • Growth: 8.2%
  • Median Salary*: 102120
  Bright Outlook

Security Management Specialists

  • Growth: 4.1%
  • Median Salary*: 75990
  Bright Outlook


  • Growth: 31.6%
  • Median Salary*: 98920
  Bright Outlook

* Data obtained from the Occupational Information Network (O*NET) under sponsorship of the U.S. Department of Labor/Employment and Training Administration (USDOL/ETA).

Program Contact Information

If you have questions related to admission, please click here to request information and an admission specialist will reach out to you directly. For questions regarding faculty or courses, please use the contact information below.