Concentrations and Courses

Why Risk Management?

Risk Management & Insurance (RMIN)

Students pursuing a concentration in Risk Management and Insurance acquire a broad background in the area, and the necessary skills for entry level positions in the field. A survey of the entire discipline is presented in the introductory RMIN course (RMIN 317). Advanced courses provide specialized training in Risk Management, Property and Liability Insurance, Life and Health Insurance, and Employee Benefits. With this combination of courses students develop the necessary skills to begin a rewarding career.

Those students completing this degree earn two credits towards their CIP (Chartered Insurance Professional) designation and are offered the opportunity to challenge exams to receive at least three others. In addition, BComm graduates receive up to six credits toward their FCIP (Fellow Chartered Insurance Professional) designation.

Personal Financial Planning (PFPL)

Canadians face tremendous financial challenges in coming 20 years. Experts predict the greatest wealth transfer in history to occur as those possessing the wealth of the post-war economic boom leave that wealth to children and grandchildren. The baby-boom generation needs professional assistance in managing the newly acquired wealth transfer and in planning their retirements.

Efforts are underway to make students in this program eligible to challenge the examination to qualify as a Certified Financial Planner (CFP). Check with RMIN faculty for an update.

Risk Management, Insurance & Finance (RMIF)

A double concentration that combines elements of Risk Management and Insurance with Finance was introduced in 1999-2000. Students pursuing this concentration will be well prepared for the convergence which is currently occurring in the Financial Services Industry. Students can customize their RMIN/FNCE program from a list of courses which allow students to seek a specialty in Corporate Risk Management, Personal Financial Planning , or Financial Institutions.

Following is a description of specialties available to students pursuing a joint concentration in RMIN/FNCE (for more information on the courses required to complete these specialties visit the RMIN Homepage or talk to one the RMIN faculty).

Courses in Risk Management & Insurance

RMIN 317: Introduction to Risk Management and Insurance

Overview of the risk management process and risk management methods. Emphasis on personal risk management, including auto, homeowners, life, health and disability insurance.

Prerequisites: Successful completion of 5 full-course equivalents including Economics 201.  Students must be in the Haskayne School of Business or in the Actuarial Science program.

RMIN 439: Protecting Your Family and Wealth

Examines the role that life and health insurance plays in securing individuals’ financial futures, whether ensuring family security, or preserving the value produced by the time and energy spent building a business. Topics include wealth transfer to the next generation as well as protection of income and assets. The best fit for different types of policies available at different stages in life will also be examined.

Prerequisites: Finance 317 or Risk Management & Insurance 317

RMIN 449: Employee Benefits and Social Insurance

The nature of employee benefits as a major component of the compensation package. Group life and group health insurance, pensions and other retirement programs, workers’ compensation, unemployment insurance, social security and other social insurance plans. Insurer group operations, reinsurance and the legal aspects of employee benefits and social insurance programs.

Prerequisites: Successful completion of 10 full-course equivalents including one of Finance 317 or Risk Management and Insurance 317. Students must be in the Haskayne School of Business or in the Actuarial Science program.