What is Risk Management?
Risk Management is the process of identifying and evaluating potential business and/or personal loss in advance and taking precautionary steps to avoid them. Insurance is one of the tools that help with these risks.
Risk Management professionals assess challenges and provide solutions.
Earn a certificate in Risk Management & Insurance while pursuing an associates or bachelor’s degree. Students must take these three required courses and complete their degree to receive certification.
Did you know?
Students who pursue an
A.S. degree in Business Administration now have the opportunity to specialize in Risk Management.
The specialization, allows students to obtain three different licenses to work in the insurance industry. Degree-seeking students who take three insurance courses as part of their program of study will receive licenses 2-15 (Health & Life), 20-44 (Personal lines), and 4-40 (Customer Representative) exam-free after they graduate with their associate or bachelor’s degree.
Careers with a certification in Risk Management
Insurance is one of the fastest growing industries in the U.S. and this trend is expected to continue. There is a high demand for insurance specialists in South Florida. Obtaining your certification in Risk Management & Insurance will open the door for a rewarding career. Risk Management & Insurance positions include:
- Customer Service Agent
- Agent or Broker
- Account Manager
- Independent Agent
- Office Manager
- Claims Adjuster
According to labor market analytics careers in this industry with mid-level experience which includes employees with 5 to 10 years of experience can expect to earn an average compensation of $62,000, not including bonuses, incentinves and other benefits.
The Risk Management & Insurance specialization offered at Broward College is accredited by the state Florida Department of Financial Services. Successful completion of the three required credit courses - RMI2662, RMI 2212, and RMI 2110 replaces the pre-licensure coursework and exam needed by the state of Florida.
Is this program right for me?
Risk Management professionals have an analytical mind, are practical thinkers and problem solvers. Students with these interests who are enrolled in an associates or bachelor’s degree at Broward College are ideal candidates. Learn how you can match your interests to your educational path by taking a quick career assessment using our
Career Coach tool.
Faculty and Career Placement
Our faculty is composed of industry experts with years of experience in risk management and insurance. Broward College maintains a partnership with the Florida Association of Insurance Agents (FAIA) providing graduates with exclusive career opportunities, networking and recruitment events.
Programs and Courses
RMI2662: Introduction to Risk Management and Insurance
This course focuses on the principles, practices, and economics of insurance. Topics covered include fire, life and casualty contracts, and various types of business and contingency risks.
RMI 2212: Personal and Business Property Insurance
The syllabus provides an overview of personal and business property risks and the types of coverages that may be used to address them. It also explores underwriting, marketing and social problems associated with these coverages. Other topics include commercial and residential fire insurance, inland marine and transportation coverages, and multi-peril contracts.
RMI 2110: Personal Insurance Planning
Learn the methods of analysis in handling personal risk exposures, including insurance coverage alternatives. This comprehensive course also focuses on the integration of life, health and accident, property and liability, profit-sharing, and private and governmental insurance and pension programs.
There are scholarships available for students pursuing the certificate in Risk Management & Insurance.
Steps to Apply
- Enrolled in an Associate's or Bachelor’s degree program at Broward College
- A 2.5 GPA and passing Standards of Academic Progress (SAP)
- Complete all requirements to apply for
Admission. This includes submitting a
FAFSA and all necessary documentation.
- Register for classes. A minimum of at least 6 credit hours is required.
- Complete the online scholarship application and submit a 250-word essay explaining how this scholarship will assist you.
If awarded, the scholarship will pay the cost of the three required courses. To remain eligible recipients must maintain a grade of ‘B’ or higher in ALL RMI courses.