Risk Management and Insurance (RMIN)

BComm Concentrations

Why choose RMIN?

Fact Sheet

The risk management and insurance industry is dynamic, increasingly sophisticated and global in nature. This makes the industry an exciting, challenging and relevant place to work. Risk management is essential to the success of any organization by enabling it to achieve its objectives.

The RMIN program in the Haskayne School of Business is a unique program in Canada, and the University of Calgary is the only Canadian university to be designated a Global Center of Insurance Excellence (GCIE) by the International Insurance Society. The RMIN program is both practical and progressive as it is designed to provide students with an understanding of the risk management process, risk management strategies including insurance and other risk financing products, and insurance market dynamics.

Students declaring a Concentration must take six required courses. Please refer to the University of Calgary Calendar for a description of these courses and their prerequisites.

What's the difference between RMIN and RMIF?

The Risk Management: Insurance and Finance (RMIF) concentration is ideal for students who are interested in working in the arena of corporate risk management or with the commercial property/liability insurance industry. For students who are uncertain about a choice between property/liability insurance and the life/health and employee benefits industry, the RMIN concentration provides a broader view, exposing the student to all aspects of the insurance industry.

Why choose RMIN?

Requirements

Students must achieve a minimum grade of C in RMIN 317.

Students must achieve a minimum grade of C- in all concentration courses after the required course (RMIN 317).

Scholarships

Over two dozen industry-sponsored scholarships are available for RMIN concentrations. For more information, please go to https://www.ucalgary.ca/registrar/finances/awards/search.

Risk Analyst

  • Compile, analyze and develop exposure and loss data
  • Utilize analysis to develop loss prevention strategies and to engage business units
  • Manage type and extent of loss prevention efforts and monitor activity and results

Broker

  • Identify clients’ risk exposures and construct strategies to protect them from these risks
  • Service the portfolios of existing clients and work to bring on new clients
  • Provide clients with choice in the insurance marketplace to establish the appropriate insurance portfolio

Underwriter

  • Evaluate the risk and exposures of the prospective clients
  • Measure risk exposure and determine the premium that needs to be charged to insure that risk
  • Acquire business that will make the insurance company money, and protect the company's book of business from risks that they feel will make a loss

For more details on career opportunities and positions, the Insurance Institute of Canada provides excellent resources on its Career Connections website: https://www.career-connections.info/en/Post-Secondary-Students/Career-Profiles.

  • Account Executive
  • Actuarial Analyst
  • Broker
  • Claims Investigator
  • Consultant
  • Financial risk analyst
  • Loss Adjuster
  • Management Trainee
  • Risk Analyst/Risk Manager
  • Underwriter

Year Two

  • RMIN 317

Year Three and Four

  • RMIN 459
  • RMIN 449
  • RMIN 439
  • RMIN 579

Alternate Course Sequencing

Year Three

  • RMIN 317-Fall
  • RMIN 439-Winter
  • RMIN 579-Winter

Year Four

  • RMIN 459
  • RMIN 449
  • RMIN 439
  • RMIN 579

Note: It is recommended, not mandatory, to take RMIN 459 prior to 579.

Association for Risk Management and Insurance (ARMI)
Members of the Association for Risk Management and Insurance (ARMI) are provided with professional networking and educational opportunities through organized events with industry professionals, alumni and faculty. Examples of events include: speaker nights, an annual career fair, and job shadowing days at various organizations. ARMI also provides opportunities for students to take on leadership positions and work with RMIN faculty, alumni and risk professionals. For more information, please go to http://armiucalgary.com/