This is the preliminary (or launch) version of the 2025-2026 VCU Bulletin. Courses that expose students to cutting-edge content and transformative learning may be added and notification of additional program approvals may be received prior to finalization. General education program content is also subject to change. The final edition and full PDF version will include these updates and will be available in August prior to the beginning of the fall semester.
The minor in risk management and insurance provides students with the skills necessary for success in risk management as it applies to individuals and enterprises. Careers in the RMI industry include the private sector, government agencies and nonprofit organizations. Students gain insights into managing property, liability, life-cycle risks (life, health, disability and pensions), financial risks, and cyber risks. InsurTech, the intersection of insurance and technology, is another dimension of the minor that is taught.
Finance majors with a concentration in risk management and insurance are not eligible to complete this minor.
The minor requires a minimum of 18 credits and students must attain a minimum cumulative GPA of 2.0 in the courses fulfilling the minor.
Students should take FIRE 309 first, as it is a prerequisite for the other RMI courses.
| Course | Title | Hours |
|---|---|---|
| Required courses | ||
| FIRE 309 | Risk Management and Insurance | 3 |
| FIRE 369 | Insurance Company Operations | 3 |
| FIRE 429 | Property and Liability Insurance | 3 |
| Electives | ||
| Select three: | 9 | |
| Legal Environment of Business | ||
| Principles of Consulting | ||
| International Consulting Practicum | ||
| Microeconomic Theory | ||
| Macroeconomic Theory | ||
| Personal Financial Planning | ||
| Principles of Real Estate | ||
| Financial Management | ||
| Financial Modeling | ||
| Investments | ||
| Life and Health Insurance | ||
| Independent Study in Finance, Insurance and Real Estate | ||
| Emergency Planning and Response | ||
| Hazard Mitigation and Risk Assessment | ||
| Managing People in Organizations | ||
| Leadership | ||
| Strategic Management | ||
| Marketing Principles | ||
| Professional Selling I: The Art of Persuasion | ||
| Professional Selling II: Advanced Sales Techniques | ||
| Business Statistics I | ||
| Business Statistics II | ||
| Total Hours | 18 | |