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Insurance Studies - B.S. PDFDownload to print

College
Regional College
Campus(es)
Salem
Online
Department
Regional College
Description

The Bachelor of Science degree in Insurance Studies will provide students with the academic background appropriate for entry into careers in the insurance industry. Graduates will have a fundamental understanding of the business world as well as specific knowledge regarding property and casualty insurance, life and health insurance, insurance company and agency operations, insurance regulation, finance and risk management.

Student may declare one of two concentrations within the Insurance Studies major listed below, or select the major without a concentration:

  • Life and Health Insurance
  • Property and Casualty Insurance

The Bachelor of Science in Insurance (without a concentration) offers a robust core of business-oriented courses including management, business law and ethics, economics, human resources, selling, finance and marketing. Building on this core curriculum are six insurance-specific courses (and an internship) that provide the opportunity to explore all lines of insurance including personal lines, commercial lines, life and health. The knowledge gained permits students to join any organization within the insurance industry with a solid understanding of applicable products, regulations, operations and policy contracts. This course of study is ideal for students who are pursuing an insurance career but have no preference between property and casualty insurance (auto, homeowners and commercial insurance) and life and health insurance (life, annuities, individual and group health insurance).

The Life and Health Insurance concentration also includes the same core of business courses as the non-concentration program. Students will gain a foundational understanding of both life and health, and property and casualty insurance, through the introductory insurance course. However, the remaining five courses focus exclusively on life and health insurance. This permits students to achieve a deeper understanding of life and health products, and to be exposed to a wider variety of offerings such as annuities, IRAs, critical illness and other specialized health products. The curriculum also addresses estate and retirement planning. The required internship is served with a life and health insurance organization. This course of study is ideal for students who intend to pursue a career with a life and health carrier or agency.

The Property and Casualty Insurance concentration includes the same core of business courses. Additionally, students gain a foundational understanding of both property and casualty, and life and health insurance, through the introductory insurance course. However, the remaining five courses focus exclusively on property and casualty insurance. This permits students to achieve a deeper understanding of personal and commercial insurance products, and to be exposed to a wider variety of offerings such as garage liability, aviation, ocean marine, cyber and environmental liability. The required internship is served with a property and casualty insurance organization. This course of study is ideal for students who intend to pursue a career with a property and causality carrier or agency.

 

Career Opportunities

In 2008, the insurance industry employed over two million Americans. As the seventh largest state for insurance employment, roughly 100,000 of those jobs are with carriers in the state of Ohio with another 85,000 individuals serving as Ohio insurance agents. As the industry's "baby boomer" employees continue to retire, additional jobs will be available. In Ohio alone, industry leaders project the need for 17,000 new insurance professionals by the year 2016. These stable-industry opportunities are highly-sought after jobs that offer work-life balance, the chance to make a difference, opportunities for growth and advancement, and on average, offer salaries of over $50,000 a year.

Insurance careers exist at a variety of insurance industry organizations. Insurance carriers tend to be large establishments, often employing 250 or more workers, whereas agencies and brokerages tend to be much smaller, frequently employing fewer than 20 workers.

Many insurance carriers' home and regional offices are situated near large cities such as Chicago, Cleveland, Cincinnati and St. Louis. Insurance workers who deal directly with the public are located throughout the country in cities and towns, large and small. Almost all sales agents work out of local company offices or independent agencies, though inside sales positions are available in some direct-writer carriers.

(Source: Bureau of Labor Statistics; Ohio Department Job and Family Services, 2016 Job Outlook)

Admission Requirements

New freshmen must have a minimum cumulative 2.0 high school GPA (on a 4.0 scale). 

Transfer students who have taken at least 12 semester hours with a cumulative GPA of at least 2.00 as computed by Kent State University (on a scale of 4.00) may be admitted to the university. Applicants who have taken fewer than 12 semester hours will be evaluated on both their collegiate and high school records. Applicants who have been dismissed from another college or university will not be considered for admission unless the students are eligible to return to that previous institution, have been out of college at least 12 consecutive months since the dismissal, or have completed at least 12 semester hours of credit at another institution with a cumulative GPA of 2.00 or better (on a scale of 4.00)

Graduation Requirements

Minimum 121 credit hours and 39 upper division hours. Minimum 2.000 cumulative and major GPA.

Program Learning Outcomes

Graduates of this program will be able to:

1. Demonstrate in-depth comprehension of, and exhibit their ability to successfully apply that comprehension to, risk management in general and to both personal and commercial insurance disciplines specifically.  These disciplines include, but are not limited to, underwriting, rate making, compliance, claims, marketing and distribution. 

2. Demonstrate the ability to identify, critically assess, and actively participate in addressing key challenges facing the insurance industry.  These challenges might be legal, ethical, social or of another nature.

3. Demonstrate the ability to succeed in a variety of work environments including those which embrace teamwork.

Study Abroad/Away Opportunities

 There are many Study Abroad/Away Opportunities, for more information contact the Office of Global Education.

Type Legend: DD Diversity–Domestic; DG Diversity–Global; ELR Experiential Learning; KAD Kent Core Additional; KBS Kent Core Basic Sciences; KCM Kent Core Composition; KFA Kent Core Fine Arts: KHU Kent Core Humanities; KMC Kent Core Mathematics and Critical Reasoning; KSS Kent Core Social Sciences; WIC Writing Intensive 

Please read the sections in the University Catalog on Kent Core, diversity, writing-intensive and the experiential learning requirements.

I. DESTINATION KENT STATE: FIRST YEAR EXPERIENCE  (1 credit)
Type
Course Title Credits
  US 10097 Destination Kent State: First Year Experience 1
II. MAJOR PROGRAM REQUIREMENTS (79 credits)  Courses count in major GPA 
Type Course Title Credits
  ACTT 11000 Accounting I-Financial 4
  BMRT 11000 Introduction to Business 3
    11009 Introduction to Management Technology 3
    21000 Business Law and Ethics I 3
    21004 Introduction to Business Statistics 3
    21006 Human Resource Management 3
    21011 Fundamentals of Financial Management 3
    21050 Fundamentals of Marketing Technology 3
    21052 Professional Selling Techniques 3
  COMT 12000 Personal Productivity Software 3
  ENG 30063 Business and Professional Writing 3
  INS 29000 Introduction to Insurance and Risk 3
  Choose from the following: 24-25
  ACTT 11001 Accounting II-Managerial (4)  
  BMRT 36410 Security for Business Students (3)  
    36415 Customer Service Technology (3)  
    46410 Crisis and Disaster Management Planning (3)  
    46295 Special Topics in Applied Business (3)  
  COMM 20001 Interpersonal Communications (3)  
    45807 High Impact Professional Speaking (3)  
  COMT 21010 Workgroup Productivity Software (3)  
WIC   36318 Survey of Information Security, Internet Fraud and Computer Forensics (3)  
  MIS 34165 Dynamics of Leadership (3)  
    34185 Individual/Group Behavior in Organizations (3)  
    34280 Social Responsibility in the Workplace (3)  
    44152 Collaborative Project Management (3)  
  PSYC 31773 Industrial Psychology (3)  
    41581 Health Psychology (3)  
  SOC 42558 Wealth, Poverty and Power (3)  
Below are additional major requirements for students not declared in the Life and Health or Property and Casualty Insurance concentration
  INS 39000 Insurance Law, Finance and Risk Management 3
 WIC   39001 Insurance Operations 3
    49000 Life and Health Insurance 3
    49001 Property Insurance 3
    49002 Commercial Lines Insurance 3
ELR   49092 Insurance Practicum General 3
III. ADDITIONAL PROGRAM REQUIREMENTS (41 credits)  
Type Course Title Credits
KSS ECON 22060 Principles of Microeconomics 3
KAD   22061 Principles of Microeconomics 3
  Kent Core Composition 6-8
  Kent Core Mathematics and Critical Reasoning 3-5
  Kent Core Humanities and Fine Arts (minimum one course from each) 9
  Kent Core Social Sciences (not from ECON) 3
  Kent Core Basic Sciences (must include one laboratory) 6-7
  Kent Core Additional 3
  General Electives 5
IV. OPTIONAL CONCENTRATIONS (18 credits)  
  Life and Health Insurance concentration (18)
  Property and Casualty Insurance concentration (18)
MINIMUM TOTAL  121

 

Life and Health Insurance Concentration

For semester-by-semester sequencing for this program, view the 2013-2014 Roadmap.

I. CONCENTRATION REQUIREMENTS (18 credits) Courses count in major GPA
Type Course Title Credits
  INS 49010 Life and Health Insurance Law, Finance and Risk Management 3
WIC   49020 Life and Health Insurance Operations 3
    49030 Life Insurance 3
    49031 Health Insurance 3
    49032 Advanced Topics in Life and Health Insurance 3
ELR   49292 Life and Health Insurance Practicum 3
MINIMUM SUBTOTAL  18

 

Property and Casualty Insurance Concentration

For semester-by-semester sequencing for this program, view the 2013-2014 Roadmap.

I. CONCENTRATION REQUIREMENTS (18 credits) Courses count in major GPA
Type Course Title Credits
  INS 49011 Property and Casualty Insurance Law, Finance and Risk Management 3
WIC   49021 Property and Casualty Insurance Operations 3
    49041 Personal Lines Property and Casualty Insurance 3
    49042 Commercial Lines Property and Casualty Insurance 3
    49043 Advanced Topics in Property and Casualty Insurance 3
ELR   49192 Property and Casualty Insurance Practicum 3
MINIMUM SUBTOTAL  18