News Summary
The University of Nevada, Las Vegas, has officially launched a new bachelor’s degree program in insurance and risk management, following approval from the Board of Regents. With 35 students in the inaugural cohort, the program is fully funded by a $735,000 donation from the Nevada Surplus Lines Foundation. Housed in the Lee Business School, the curriculum emphasizes hands-on learning and aligns with industry needs, preparing graduates for successful careers in a rapidly evolving insurance sector.
Las Vegas, NV – The University of Nevada, Las Vegas (UNLV) has announced the launch of a new bachelor’s degree program in insurance and risk management, aimed at addressing the evolving demands of the insurance industry. The program received official approval from UNLV this month, following the endorsement by Nevada’s Board of Regents in June.
The inaugural cohort consists of 35 students, who will start their studies when the new academic year begins. Their tuition and other academic costs will be fully funded by a generous $735,000 donation from the Nevada Surplus Lines Foundation.
Program Details and Structure
This new degree program will be housed within the Lee Business School’s Department of Finance and closely aligns with the recently launched Kerestesi Center for Insurance & Risk Management, which opened its doors in 2023. The curriculum has been designed to prepare students for various aspects of the insurance sector, including underwriting, claims management, insurance operations, and corporate risk mitigation.
Hands-On Learning Opportunities
UNLV’s bachelor’s degree in insurance and risk management emphasizes experiential learning. Students can expect hands-on opportunities, including internships, case competitions, guest speaker events, and real-world industry projects. These elements aim to provide students with practical experiences that will benefit their future careers in the insurance industry.
Industry Relevance
The introduction of this program comes at a time when the insurance industry is undergoing significant changes and demands a workforce that is well-versed in the latest trends and technologies. By incorporating a modern curriculum focused on risk management and related topics, UNLV seeks to fill the gap in skilled professionals required by local and national employers.
The innovative structure of the program is expected to enhance the employability of graduates, equipping them with relevant skills and knowledge necessary for success in a competitive job market. The program’s alignment with industry needs further emphasizes UNLV’s commitment to producing graduates that meet the current labor demands.
Background on Insurance Education at UNLV
This new degree is part of a broader initiative by UNLV to strengthen its academic offerings in key fields. The establishment of the Kerestesi Center for Insurance & Risk Management demonstrates the university’s recognition of the importance of comprehensive education in insurance and risk management disciplines. By fostering a specialized environment, the center aims to enhance research and education in these fields.
UNLV’s choice to develop this new program not only signifies an investment in higher education but also reflects the university’s proactive approach to addressing workforce needs within Nevada and beyond. The partnership with the Nevada Surplus Lines Foundation reinforces the community’s commitment to developing a robust network of skilled professionals in the insurance sector.
Conclusion
As UNLV prepares to launch its new bachelor’s degree program in insurance and risk management, it sets the stage for a new generation of professionals ready to engage with and contribute to the insurance industry. With significant funding support and a curriculum tailored to the industry’s needs, students are being given the tools they require for successful careers in a vital economic sector.
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Additional Resources
- Insurance Journal
- Wikipedia: Insurance
- Stacker
- Google Search: Insurance education
- Fox 47 News
- Google Scholar: Insurance and risk management
- Dignity Memorial
- Encyclopedia Britannica: Insurance policy
- Tri-City Herald
- Google News: Insurance industry
