College of Business
Undergraduate Business Program

The Davey Risk Management and Insurance Program

We 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.

Course Descriptions

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 Planning
Explore all major categories of benefits, with an emphasis on plan design, administration, relevant government regulations, and income tax implications.

Derivative Securities & Risk Management
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 risk exposure.

Commercial Property & Liability Insurance
All major categories of insurance will be covered, including a discussion of the practical application of noninsurance loss prevention and control techniques.

Major in Risk Management and Insurance

Minor in Risk Management and Insurance
 (for non-business students only)

Double majors are available within the College of Business.

Career Opportunities

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 non-profit organizations.

  • 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 brokers.

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

Zach FinnZach Finn, ARM

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 Underwriters.

Jill KirbyJill Kirby, PhD, ACAS

Assistant Professor of Risk Management and Insurance
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.

Davey Program