The Davey Risk Management and Insurance Program
partner with the business and nonprofit communities to produce
graduates with an ability to mitigate risk through a combination of
insurance and non-insurance techniques. We seek to develop
leaders with a holistic view of the insurance industry, who can
plan and manage for the known, unknown and unknowable.
Introduction to Risk Management
The management of operational risks facing organizations.
Insurance Company Operations
Explores the operation of an insurance company by looking at
underwriting strategy, choice of distribution system, reinsurance
arrangements, investments, and claims.
Employee Benefits & Retirement
Explore all major categories of benefits, with an emphasis on plan
design, administration, relevant government regulations, and income
Derivative Securities & Risk
An advanced treatment of options, futures and other derivative
securities, including their theoretical and numerical valuation.
Understand contracts in a variety of settings and their effect on
Commercial Property & Liability
All major categories of insurance will be covered, including a
discussion of the practical application of noninsurance loss
prevention and control techniques.
Graduates will begin careers in the insurance and financial
services industry, as well as in risk management and employee
benefits departments in large corporations, public entities and
- Graduates in risk management departments will typically be
involved in identifying and analyzing risks which expose an entity
to financial loss and in developing creative risk management
programs to effectively manage those risks.
- Graduates in employee benefits departments will typically be
involved in the design and administration of an entity's employee
benefits; e.g., health insurance and retirement plans, which are
used to recruit, retain and reward employees.
- Graduates in the insurance and financial services industry will
fill key roles as underwriters, claim adjusters, loss control
specialists, risk management consultants and insurance agents and
Jobs in the industry are plentiful and a 100% placement rate is
expected for graduates. Risk Management Magazines' 4th
Annual Risk Management and Insurance Education Review identified a
pending talent gap as a major source of concern for the insurance
industry. "Despite placement rates of nearly 100%, the annual
yield of graduates from these programs only accounts for 10% to 15%
of industry needs" (Holbrook, 2011).
Davey Program Faculty
Clinical Professor and Director of the Davey Risk
Management & Insurance Program
Finn served as Risk Manager for The J.M. Smucker Company, where he
managed the risk management program, including global insurance
program design and placement, successfully settled several large
claims and oversaw insurance due diligence and integration for nine
major mergers and acquisitions. Finn has worked in the risk
management departments at NCR Corporation and Hillenbrand
Industries (Hill-Rom). Finn earned a B.S. in insurance
and risk management from Indiana State University, an M.S. in risk
management and insurance from Florida State University, and the
Associate in Risk Management (ARM) professional designation from
the American Institute for Chartered Property Casualty
Kirby, PhD, ACAS
Assistant Professor of Risk Management and
Kirby worked as an actuary in the property and casualty insurance
industry for 17 years prior to pursuing her Ph.D. In her last
position, she was the Actuarial Director of Risk Management
Reserving for CNA Insurance in Chicago. Kirby earned a B.S. in
mathematics from the University of Michigan, an M.S. in finance
from DePaul University, an M.S. in economics and a Ph.D. in finance
from the University of Kentucky. She also earned her Associateship
in the Casualty Actuarial Society (ACAS) as well as the Associate
in Reinsurance designation (ARe) from the American Institute for
Chartered Property Casualty Underwriters.