College of Liberal Arts & Sciences
Vaughan Institute of Risk Management and Insurance certificate requirements revisions for fall 2020
The Henry B. Tippie College of Business, in partnership with the Iowa insurance industry, established The Vaughan Institute of Risk Management and Insurance (2005) to help meet the rapidly expanding employment, education and research needs of the risk management and insurance (RMI) industry. The Institute offers undergraduate students a Certificate in Risk Management and Insurance. The purpose of the RMI Certificate Program is to prepare University of Iowa undergraduate students regardless of their chosen major for positions in risk management and/or insurance.
The Certificate in Risk Management and Insurance provides students with a basic understanding of the many aspects of risk management and insurance (RMI), concentrating on value creation and asset protection—knowledge vital for careers in financial and credit analysis, corporate risk management, risk management consulting, employee benefits management and insurance consulting, insurance brokerage, and underwriting. It is the perfect complement to any undergraduate degree. RMI courses also help students better understand their personal risk exposures and possible risk management solutions (e.g., auto liability insurance, health insurance, retirement planning).
Course requirements
Foundation courses
- Principles of Microeconomics (ECON:1100)
- Principles of Macroeconomics (ECON:1200)
- Introduction to Financial Accounting (ACCT:2100)
RMI required courses
- Introductory Financial Management (FIN:3000 or FIN:3300 or IE:2500)
- Principles of Risk Management and Insurance (FIN:3400)
- Corporate and Financial Risk Management (FIN:4410)
RMI elective courses (choose two)
- Property and Liability Insurance (FIN:4420)
- Life and Health Insurance (FIN:4430)
- Employee Benefit Plans (FIN:4440)
- Risk Modeling (FIN:4450)
- Insurer Operations and Captive Management (FIN:4460)
Finance majors are required to take three of these additional electives:
- Any upper-level finance course (FIN:4XXX), excluding those taken to satisfy the 15 s.h. of RMI courses above
- Dynamics of Negotiation (MGMT:4100)
- Sales Management (MKTG:4200)
- VBA Spreadsheet Programming (MSCI:3025)
Math majors in Program C are required to take three of these additional electives:
- Financial Information Technology (prerequisite for other courses) (FIN:3100)
- Investment Management (FIN:3200)
- Corporate Finance (FIN:3300)
- Fixed Income Securities (FIN:4220)
- Commercial Banking (FIN:4320)
- Futures and Options (FIN:4210)
- Real Estate Process (FIN:4230)
- Financial Accounting and Reporting (ACCT:3020)