Insurance Studies - B.S. Download to print
The Bachelor of Science degree in Insurance Studies will provide students with the academic background appropriate for entry into careers in the insurance industry. Graduates will have a fundamental understanding of the business world as well as specific knowledge regarding property and casualty insurance, life and health insurance, insurance company and agency operations, insurance regulation, finance and risk management.
Student may declare one of two concentrations within the Insurance Studies major listed below, or select the major without a concentration:
The Bachelor of Science in Insurance (without a concentration) offers a robust core of business-oriented courses including management, business law and ethics, economics, human resources, selling, finance and marketing. Building on this core curriculum are six insurance-specific courses (and an internship) that provide the opportunity to explore all lines of insurance including personal lines, commercial lines, life and health. The knowledge gained permits students to join any organization within the insurance industry with a solid understanding of applicable products, regulations, operations and policy contracts. This course of study is ideal for students who are pursuing an insurance career but have no preference between property and casualty insurance (auto, homeowners and commercial insurance) and life and health insurance (life, annuities, individual and group health insurance).
The Life and Health Insurance concentration also includes the same core of business courses as the non-concentration program. Students will gain a foundational understanding of both life and health, and property and casualty insurance, through the introductory insurance course. However, the remaining five courses focus exclusively on life and health insurance. This permits students to achieve a deeper understanding of life and health products, and to be exposed to a wider variety of offerings such as annuities, IRAs, critical illness and other specialized health products. The curriculum also addresses estate and retirement planning. The required internship is served with a life and health insurance organization. This course of study is ideal for students who intend to pursue a career with a life and health carrier or agency.
The Property and Casualty Insurance concentration includes the same core of business courses. Additionally, students gain a foundational understanding of both property and casualty, and life and health insurance, through the introductory insurance course. However, the remaining five courses focus exclusively on property and casualty insurance. This permits students to achieve a deeper understanding of personal and commercial insurance products, and to be exposed to a wider variety of offerings such as garage liability, aviation, ocean marine, cyber and environmental liability. The required internship is served with a property and casualty insurance organization. This course of study is ideal for students who intend to pursue a career with a property and causality carrier or agency.
In 2008, the insurance industry employed over two million Americans. As the seventh largest state for insurance employment, roughly 100,000 of those jobs are with carriers in the state of Ohio with another 85,000 individuals serving as Ohio insurance agents. As the industry's "baby boomer" employees continue to retire, additional jobs will be available. In Ohio alone, industry leaders project the need for 17,000 new insurance professionals by the year 2016. These stable-industry opportunities are highly-sought after jobs that offer work-life balance, the chance to make a difference, opportunities for growth and advancement, and on average, offer salaries of over $50,000 a year.
Insurance careers exist at a variety of insurance industry organizations. Insurance carriers tend to be large establishments, often employing 250 or more workers, whereas agencies and brokerages tend to be much smaller, frequently employing fewer than 20 workers.
Many insurance carriers' home and regional offices are situated near large cities such as Chicago, Cleveland, Cincinnati and St. Louis. Insurance workers who deal directly with the public are located throughout the country in cities and towns, large and small. Almost all sales agents work out of local company offices or independent agencies, though inside sales positions are available in some direct-writer carriers.
(Source: Bureau of Labor Statistics; Ohio Department Job and Family Services, 2016 Job Outlook)
New freshmen must have a minimum cumulative 2.0 high school GPA (on a 4.0 scale).
Transfer students who have taken at least 12 semester hours with a cumulative GPA of at least 2.00 as computed by Kent State University (on a scale of 4.00) may be admitted to the university. Applicants who have taken fewer than 12 semester hours will be evaluated on both their collegiate and high school records. Applicants who have been dismissed from another college or university will not be considered for admission unless the students are eligible to return to that previous institution, have been out of college at least 12 consecutive months since the dismissal, or have completed at least 12 semester hours of credit at another institution with a cumulative GPA of 2.00 or better (on a scale of 4.00)
Minimum 121 credit hours and 39 upper division hours. Minimum 2.000 cumulative and major GPA.
Program Learning Outcomes
Graduates of this program will be able to:
1. Demonstrate in-depth comprehension of, and exhibit their ability to successfully apply that comprehension to, risk management in general and to both personal and commercial insurance disciplines specifically. These disciplines include, but are not limited to, underwriting, rate making, compliance, claims, marketing and distribution.
2. Demonstrate the ability to identify, critically assess, and actively participate in addressing key challenges facing the insurance industry. These challenges might be legal, ethical, social or of another nature.
3. Demonstrate the ability to succeed in a variety of work environments including those which embrace teamwork.
Study Abroad/Away Opportunities
There are many Study Abroad/Away Opportunities, for more information contact the Office of Global Education.
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