Over the past sixty years, the Department of Risk Management & Insurance (The Department) has been a higher education trailblazer in the field of risk science. It has amassed one of the largest research faculties and risk management and insurance doctoral programs in the world, while continuously updating and improving our undergraduate and graduate programs. We are proud of the students our programs attract, many of whom go on to become future chief risk officers, economists, financial experts, actuaries, and more.
The Department successfully launched its new B.B.A. in Risk Management & Insurance “insurance” track last fall, which is focused on training students for opportunities in corporate risk management, consulting, brokering, claims, or service jobs. Students participating in this program will strengthen their industry knowhow and technical tools through rigorous, yet exciting problem-solving exercises and courses. Through required courses, students will also have the opportunity to focus on key areas such as financial risk management, operational risk management, insurance operations, business analysis, globalization, and corporate finance.
The Department also established its B.B.A in Risk Management & Insurance “quantitative risk management” track that meticulously prepares students for analyst and modeler opportunities in the corporate risk management, banking, and financial services industries. The curriculum emphasizes risk quantification, valuation, modeling, and advanced analytical and statistical techniques with applications in financial risk management. Students have the opportunity to dive into challenging courses such as Introduction to Risk Analysis and Applications, Financial Risk and Regulation, Fundamentals of Valuation, and Advanced Financial Risk Management.
According to Dr. Ajay Subramanian, Bruce A. Palmer Professor, “The creation and delineation of the two tracks underscores our longstanding commitment to the insurance industry by providing a steady stream of excellent students to lead the industry as well as to serve the broader financial services industry with a set of outstanding students with the industry knowhow and technical tools to take on the challenges ahead as the industry adapts to the technological revolution.”
Department leaders have also made significant strides in our undergraduate actuarial science program. To adapt to an ever-changing marketplace, students are trained and prepared to make decisions on how to best quantify and manage financial and operational risk. In keeping up with the demands of today’s complex market, the Department also expanded its faculty to include two new members; Dr. Stefanos Orfanos, clinical assistant professor and Director of the Undergraduate Actuarial Science program and; Dr. Steve Lo, clinical associate professor and Director of the Masters of Actuarial Science program.
Lastly, we have implemented bold changes in our graduate programs to cater to the diverse needs of our graduate students. Our M.S. in Quantitative Risk Analysis and Management program offers a modern curriculum that exposes students to all areas of risk modeling, such as market risk, credit risk, operational risk, liquidity risk, capital allocation and loss forecasting. It also immerses students in recent industry advancements, such as blockchain technology and Fintech. And our Master of Actuarial Science program allows students to collaborate with partner firms on data analytics, artificial intelligence, machine learning and blockchain technology in Robinson’s Fintech Lab.
Revamping our undergraduate and graduate curriculum while recruiting faculty to Atlanta from around the country was a significant undertaking that allowed us to meet the increasing demand for highly-trained actuaries and risk analysis leaders. The Department has both a track record of success and a solid vision of where it is going. We will continue to execute our strategic goals and maintain our reputation as world class leaders in the insurance industry.