Analysis and Management of Insurance Risk


Do you have an eye for detail? Are you good with numbers? Do you like identifying areas for improvement? Then a lucrative career in risk management may be perfect for you, and this certificate is the perfect way to get started.

Program Description

Risk management is the identification, assessment and prioritization of risks that is followed by coordination and economic application of resources to minimize risk and monitor the probability and impact of unfortunate events, or to maximize the realization of opportunity. The objective of risk management is to assure uncertainty does not deflect the endeavor from the business goals. The certificate program helps students become well-rounded business assessors of risk, ready to utilize their knowledge of mathematics, statistics, economics, marketing, business, finance and accounting in an insurance career.


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At a Glance: program details

  • Location: Tempe campus
  • Additional Program Fee: No
  • Second Language Requirement: No





Program Requirements

Students must hold a minimum GPA of 2.50 to pursue this certificate and 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.

Enrollment Requirements

The certificate requires 15 credit hours from the approved course list with the only required course being ACT 301.

Required Core Course (3 credit hours):
ACT 301 Risk Management and Insurance (3)

Electives (12 credit hours; choose four):
ACT 201 Introduction to Elements and Techniques of Actuarial Science (3)
ACT 302 Fundamentals of Enterprise Risk Management (3)
ACT 320 Property and Casualty Insurance (3)
ACT 330 Life and Health Insurance (3)
ACT 484 Internship (3)
CIS 308 Advanced Excel in Business (3)

Depending on a student's undergraduate program of study, prerequisite courses may be needed in order to complete the requirements of this certificate.







Program Contact Information

If you have questions related to admission, please click here to request information and an admission specialist will contact you directly.