BS Risk Management and Insurance


The Bachelor of Science in Risk Management and Insurance is a specialized undergraduate program designed to prepare students for careers in the dynamic field of risk management and insurance.

This program equips students with the knowledge and skills necessary to identify, assess, and manage risks in various industries and provides a solid foundation for understanding insurance principles, policies, and practices.

The curriculum of the program combines core business courses with specialized courses in risk management and insurance.

Students will gain a comprehensive understanding of risk assessment, risk financing, insurance coverage, underwriting, claims management, and regulatory compliance.

They will also develop critical thinking, problem-solving, and analytical skills to evaluate and mitigate risks in different organizational settings.

Admission Criteria
  • A recognized general education diploma or its equivalent
  • Students joining MCBS must go through an English placement test to determine the appropriate English level
  • Students presenting a valid score of 5-5.5 in IELTS or 65-79 in internet based TOEFL (iBT) are exempted from the English program
  • Students will need to go through Mathematics and IT placements tests to determine their levels of proficiency in these subjects as they are part of the GFP or possible exemption
  • Mathematics placements tests will determine whether Basic Mathematics (MATH 10) and Pure Mathematics (MATH 21) can be exempted, or students will be given both or one of them
  • IT placement test will determine whether students will require to take the Information Technology foundation course (COSC 10)
Program Structure

Duration: Bachelor’s degree requires about 8 semesters or 4 years

Program delivery: 12-15 credits per normal semester and 6 credits per summer semester

Internship: Placement on a 3-month internship

Courses: Apart from courses closely related to the program, students take general education courses.

Core Courses21
Communication skills12
Social Sciences12
Mathematics and Computer Science09
Natural Sciences03
RMI Electives15
General Business requirements36
Graduation Requirements03

Core Requirements (21 Credits)

Course CodeCourse NameCredits
FINA 3343Investments3
RMIN 4329Risk Management in Islamic Institutions3
RMIN 4331Insurance Law3
RMIN 4332Financial Modeling3
RMIN 4333Risk Financing3
RMIN 4334International Insurance Markets3
RMIN 4335Special Topics in Risk Management and Insurance3

Career Opportunities

Graduates of the program are well-prepared for a wide range of career opportunities in the field of risk management and insurance.

They may pursue roles such as:

  1. Risk Analyst
  2. Underwriter
  3. Claims Adjuster
  4. Insurance Broker/Agent
  5. Risk Consultant
  6. Loss Control Specialist
  7. Insurance Claims Manager
  8. Risk Manager
  9. Compliance Officer
  10. Actuary

Additionally, the program provides a solid foundation for students who wish to pursue advanced degrees or professional certifications in risk management, insurance, or related fields.

Ready to take the next step?


Required English Prerequisites

Department Contact

Contact Program Chair Dr. Rene Paquibut for more information.