Risk Management & Insurance (RMI) - Barry S. Miller College of Business

Risk is everywhere — from cyberattacks and natural disasters to healthcare decisions and business operations. The Bachelor of Science in Risk Management and Insurance (RMI) at UCF prepares students to understand, analyze and manage risk in an increasingly complex world. Through a blend of business, analytical and industry-focused coursework, students develop the knowledge and skills needed to help individuals, organizations and communities make better decisions in the face of uncertainty.

The RMI major offered through the Department of Finance has a curriculum that combines a strong business foundation with specialized study in risk management, insurance, employee benefits, financial security and emerging industry trends. Students graduate prepared for a wide range of career opportunities while gaining exposure to the technologies, data, and innovations that are shaping the future of the profession.

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Internships

Center for Risk Management & Insurance Education

Curricular Plan of Study

For the most up-to-date listing of required courses for the B.S.B.A. in Risk Management & Insurance, please visit the UCF Catalog.

Select Barry S. Miller College of Business and navigate to the B.S.B.A. in Risk Management & Insurance for program information.

Freshman

Fall (15 hours)

ENC 1101 Composition I
MAC 1105C College Algebra
ECO 2013 Macroeconomics
Cultural Foundation I
General Elective

Milestones

Successful completion of MAC 1105

Spring (15 hours)

ENC 1102 Composition II
ECO 2023 Microeconomics
Social Science Foundation
General Elective
General Elective

Milestones

Successful completion of ECO 2023

Sophomore

Fall (15 hours)

ACG 2021 Principles of Financial Accounting
SPC 1608 Fundamentals of Oral Communication
Historical Foundation I
Biological Science Foundation
General Elective

Milestones

Successful completion of ACG 2021.

Spring (15 hours)

ACG 2071 Principles of Managerial Accounting
Historical Foundation II
QMB 3003 Quantitative Business Tools I
Physical Science Foundation
CGS 2100C Computer Fundamentals for Business

Milestones

Successful completion of General Education Requirements.
Successful completion of Gordon Rule Requirements.
Successful completion of Common Program Prerequisites.

Junior

Fall (15 hours)

QMB 3200 Quantitative Business Tools II
RMI 3011 Risk Management and Insurance (restricted elective for now)
FIN 3403 Business Finance
MAN 3025 Management of Organizations
ACG 3173 Accounting For Decision Makers

Milestones

Completion of Primary Business Core at UCF with a minimum GPA of 3.0 and no grade lower than a “C.”
Completion of FIN 3403 and ACG 3173 with a “B” or higher.
Successful completion of GEB 3006.

Spring (15 hours)

QMB 3602
RMI 4115 Life and Health Insurance Products
RMI 4292 Property and Casualty Insurance Operations
GEB 3005 Career Search Strategies
MAR 3023 Marketing
General Elective (2 credit)

Milestones

Successful completion of FIN 3414 and GEB 3005.

Senior

Fall (15 hours)

BUL 3130 Legal and Ethical Environment of Business
MAR 3203 Supply Chain and Operations Management
RMI 4224 Property and Casualty Insurance Products
Restricted Elective
RMI 4226 Insurance Data Analytics
GEB 4223 Business Interviewing Techniques

Milestones

Successful completion of FIN 4504 and GEB 4223.

Spring (15 hours)

RMI 4347 Commercial Risk Management
MAN 4720 Strategic Management (Capstone)
RMI 4420 Legal and Political Aspects of Insurance
RMI 4308 Seminar in Risk and Its Control
GEB 4004 Executing Your Career Plan

Milestones

Successful completion of all degree requirements for graduation.

Pre-Major

Admission to UCF does not equate to admission to the Barry S. Miller College of Business. After receiving admission to UCF, students must qualify to be admitted to the college, and therefore, all students enter the University as a ‘pre’ business major. This applies regardless of the specific business major a student intends to pursue. These requirements can be found within the UCF Catalog.

For additional questions, please contact the Office of Professional Development.

Internships & Co-Ops

All internships are now housed within the Office of Professional Development. Learn More

What can I do with this major?

Career Opportunities	Potential Employers	What You’ll Learn & Do
Risk Analyst Risk Manager Business Continuity Specialist Safety & Loss Control Consultant Compliance Analyst Resilience Specialist	Manufacturing Companies Healthcare Organizations Financial Institutions Hospitality & Tourism Companies Technology Firms Retail Organizations Transportation & Logistics Companies Energy Companies Government Agencies Universities & Nonprofit Organizations	Identify and evaluate risks facing organizations Analyze operational, financial and strategic exposures Develop plans to reduce the likelihood and impact of losses Support business continuity and disaster recovery efforts Protect organizational assets, employees and reputation Evaluate contracts and risk transfer mechanisms Communicate risk information to managers and executives Help organizations make more informed decisions in uncertain environments

Career Opportunities	Potential Employers	What You’ll Learn & Do
Underwriter Claims Adjuster Product Analyst Product Manager Insurance Operations Specialist Risk Financing Analyst Insurance Program Manager	Property & Casualty Insurance Companies Life Insurance Companies Health Insurance Companies Specialty Insurance Carriers Reinsurance Companies Captive Insurance Organizations Mutual Insurance Companies InsurTech Firms Managing General Agents (MGAs)	Analyze insurance applications and exposures Develop insurance solutions for individuals and businesses Evaluate the financial impact of losses Investigate and resolve insurance claims Design programs that help organizations finance risk Understand how insurance products are developed and priced Examine alternative risk financing solutions Support financial resilience and recovery after losses occur

Career Opportunities	Potential Employers	What You’ll Learn & Do
Insurance Broker Risk Consultant Account Executive Employee Benefits Consultant Insurance Agent / Producer Client Relationship Manager	Independent Agencies Regional Brokerage Firms Global Brokerage Organizations Employee Benefits Consulting Firms Risk Consulting Firms Insurance Agencies Wealth Management Firms Human Resource Consulting Firms Professional Services Organizations	Advise clients on risk and insurance solutions Evaluate client operations and exposures Design insurance and risk management programs Build strong client relationships Communicate complex concepts to business leaders Negotiate with insurance carriers Analyze coverage options and recommend solutions Help businesses and individuals make informed risk decisions

Career Opportunities	Potential Employers	What You’ll Learn & Do
Insurance Data Analyst Claims Analytics Specialist Risk Analytics Specialist Predictive Modeling Analyst Technology Implementation Specialist Cyber Analytics Specialist	Insurance Companies InsurTech Firms Technology Companies Consulting Firms Analytics Organizations Financial Services Companies Brokerage Firms Reinsurance Companies Software Providers	Analyze and interpret business data Use technology to support risk-related decisions Develop dashboards and data visualizations Apply predictive analytics and modeling techniques Evaluate trends and emerging risks Support product development and innovation initiatives Explore artificial intelligence and automation applications Transform data into actionable business insights

Career Opportunities	Potential Employers	What You’ll Learn & Do
Insurance Examiner Compliance Analyst Regulatory Affairs Specialist Market Conduct Analyst Public Policy Analyst Government Relations Specialist	Florida Office of Insurance Regulation Florida Department of Financial Services State Insurance Departments Federal Regulatory Agencies Insurance Companies Brokerage Firms Consulting Organizations Industry Trade Associations Consumer Advocacy Organizations	Protect consumers and policyholders Analyze insurance laws and regulations Evaluate insurer financial strength and solvency Monitor compliance with legal and regulatory requirements Support the development of public policy initiatives Research emerging industry issues Communicate with government, industry and consumer stakeholders Promote fair, competitive and resilient insurance markets

Career Opportunities	Potential Employers	What You’ll Learn & Do
Cyber Risk Analyst Catastrophe Risk Analyst Climate Risk Analyst Emerging Risk Consultant Innovation Specialist InsurTech Strategy Analyst	Insurance Companies Reinsurance Organizations Technology Companies Consulting Firms Catastrophe Modeling Firms Government Agencies Research Organizations Startups Global Risk Advisory Firms	Evaluate rapidly changing risk environments Analyze cyber, climate and catastrophe-related exposures Study new approaches to managing and financing risk Assess the impact of technological innovation Develop solutions for emerging business challenges Support innovation and product development initiatives Explore the future of insurance and risk management Help organizations prepare for tomorrow’s risks today

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