Risk Management and Insurance Training

The risk management and insurance program at University of Maine at Farmington prepares students for careers as an insurance manager, agent, underwriter, financial advisor, risk manager, and more. The program focuses on mathematical and statistical analysis of rick and their applications to insurance and other business management problems. Program courses include: forecasting theory, quantitative and non-quantitative risk measurement methodologies, development of risk tables, secondary data analysis, and computer-assisted research methods. Get more details below including other Maine colleges that offer risk management and insurance training.

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University of Maine at Farmington (UMF)

46 University Dr, Augusta, ME

University of Maine at Farmington provides a variety of educational opportunities for students to assist them in their growth and development. The school is located in Farmington, ME and publically funded. University of Maine at Farmington has an annual student enrollment of about two thousand.

Students may select from several areas of study, including:

• Education
• Psychology
• Business And Marketing Studies
• English Language And Literature

To be considered for admissions, you may be required to complete an application, write a personal statement, and submit test scores or other school records, which are then studied by the admissions staff. Roughly 80 percent of all students that applied were admitted at UMF, with 37 percent of those admitted choosing to attend.

The cost of undergraduate tuition is different for in-state and out-of-state residents. In-state residents pay approximately $10,000, while nonresidents pay $20,000 per year. Housing may be available for students who wish to live on-campus at an estimated cost of $4,800 each year. Financial aid may be provided to students that meet the required requirements by way of scholarships, grants, and loans.

UMF offers several athletic programs overseen by the NCAA. Available athletic programs offered:

• Baseball (NCAA Division III)
• Basketball (NCAA Division III)
• Field Hockey (NCAA Division III)

Students who wish to get more about UMF may visit their website at http://www.umf.maine.edu.

Career Options for Graduates

Insurance Underwriters

Description

Review individual applications for insurance to evaluate degree of risk involved and determine acceptance of applications.

Actuaries

Description

Analyze statistical data, such as mortality, accident, sickness, disability, and retirement rates and construct probability tables to forecast risk and liability for payment of future benefits. May ascertain insurance rates required and cash reserves necessary to ensure payment of future benefits.

Career Outlook & Projections ()

According to the BLS, actuaries employment is expected to grow at a rate of 18.1% from 2014 to 2024

Business Teachers, Postsecondary

Description

Teach courses in business administration and management, such as accounting, finance, human resources, labor and industrial relations, marketing, and operations research. Includes both teachers primarily engaged in teaching and those who do a combination of teaching and research.

Source: Job descriptions, estimated salary and wages, and projected job growth are taken from the Bureau of Labor Statistics (BLS).