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Risk Management and Insurance

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Degree Type:
Undergraduate
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Launch Your RMI Career with TROY's Risk Management Degree

Help people and businesses protect themselves from catastrophic losses by managing and anticipating risk with a risk management degree from Troy University. This Bachelor of Science in Business Administration (B.S.B.A.) program prepares you for RMI careers in underwriting, brokerage, claims and corporate risk management while building the business knowledge and practical skills employers value. You'll develop industry-specific expertise in insurance and risk strategy, learn to manage uncertainty within a global business framework and gain an understanding of coverage for both commercial and personal needs.

TROY students speaking with potential employers at a career fair in Lewis Hall
“The best part of TROY's RMI program is the faculty and student commitment to growth. The professors in this program want their students to learn, grow and become successful insurance professionals upon graduation. The students in this program make it one of the best because they make class interactive for each other.”
Ellie Norton | Associate Broker, XS Brokers | 2021 graduate, B.S.B.A. in Global Business - RMI

A Risk Management and Insurance Degree with a Specialized Focus

Develop expertise in one of the few programs in the nation that offers focused exposure to the specialty insurance market, including excess and surplus lines insurance, an area that addresses complex risks standard carriers often will not cover. You'll examine how insurers evaluate and respond to unique challenges across high-exposure industries while building specialized knowledge that helps you stand out and pursue long-term career opportunities in insurance and risk management.

Career-Building Risk Management Internships

Apply what you're learning through risk management and insurance internships that provide real exposure to workplace expectations. With strong industry relationships, our faculty can help you identify opportunities aligned with your goals and interests. You may also gain insight into specialty insurance through a London study abroad experience offered each May and deepen your professional involvement through Gamma Iota Sigma, an international risk management and insurance fraternity.
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Risk Management and Insurance Curriculum

While specific courses may vary from year to year, your coursework may include:
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Risk Management Degree Locations

Take in-person classes for the risk management and insurance degree on the Troy Campus. For details about program availability and delivery options, call 1-800-414-5756

Troy Campus

Professional Licensure and Credentials in Risk Management and Insurance

Earn your Alabama state producer license while completing your risk management and insurance degree at TROY, giving you early exposure to professional insurance practices and standards. Your coursework aligns with industry-recognized credentials such as the Associate in Surplus Lines Insurance (ASLI) and Chartered Property Casualty Underwriter (CPCU), allowing you to begin working toward professional designations as part of your academic experience.

Students attending business fair on the Troy Campus

Careers in Risk Management and Insurance

TROY's degree in risk management prepares you for RMI careers across insurance and risk-focused roles in many industries. Graduates pursue positions such as insurance underwriters, claims professionals, brokers and risk specialists, with some also continuing their education in law school and other graduate or professional programs.

Faculty Profiles

Dr. Courtney Baggett

Dr. Courtney Baggett

Dr. Courtney (Bass) Baggett, Director of the risk management and insurance program, is an Associate Professor and Chair of the Department of Economics, Finance and Risk Management and Insurance. A 2012 graduate of TROY's RMI program, Dr. Baggett was appointed director of the RMI program in August 2019. She earned her Ph.D. at Florida State University in 2016 and holds the CPCU, ASLI and ARM professional designations.
Learn more about our faculty 334-808-6130 cbaggett@troy.edu
Dr. Dan Yang

Dr. Dan Yang

Dr. Dan Yang, Assistant Professor of Risk Management and Insurance, joined the Sorrell College of Business faculty in 2022. She holds a Ph.D. in risk management and insurance from the University of Georgia and an M.S. in Actuarial science from Temple University. She has worked in national and international accounting firms in China.
Learn more about our faculty 334-670-3194 yangd@troy.edu

Risk Management and Insurance Scholarships

Financial Support and Industry-Backed Opportunities

As a student pursuing a risk management and insurance degree at TROY, you may be eligible for scholarships that help offset the cost of tuition. These opportunities include awards such as the Alabama RIMS Scholarship, the State Farm Endowed Scholarship and the WSIA – Derek Hughes Scholarship Program.


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FAQ About this Business Program at TROY

Learn more about the field of risk management and insurance and our program.
What is risk management and insurance?
Risk management and insurance is the practice of identifying potential losses, evaluating uncertainty and using strategies such as insurance to reduce financial impact. When you study this field at TROY, you learn how organizations anticipate risk, protect assets and make informed decisions in complex environments across industries.
What is a risk management and insurance degree?
A bachelor's degree in risk management and insurance teaches you how organizations identify potential losses, evaluate exposure and reduce uncertainty through insurance and risk strategies. At TROY, you'll study how these principles apply across industries and prepare for careers in risk management and insurance, where managing financial and operational risk is essential.
What is an RMI degree?
An RMI degree is a common abbreviation for a program focused on risk management and insurance. At TROY, you earn a B.S.B.A. in Risk Management and Insurance, which provides a strong foundation for professional growth and can also support future study in risk management degree programs or other graduate options.
What can you do with a risk management degree?
You can pursue RMI careers in roles such as underwriting, claims, brokerage and corporate risk analysis. Graduates also enter careers in risk management and insurance across sectors including healthcare, manufacturing, financial services and logistics.
How is a risk management major different from other insurance degree programs?
A risk management bachelor's degree focuses on analyzing and managing risk at the organizational level rather than concentrating only on selling or administering insurance policies. Compared with many insurance degree programs, you gain broader preparation for decision-making roles that require a strong degree in risk management.
What makes TROY's program different from other risk management degree programs?
TROY's program stands out because it includes focused study of the specialty insurance market, where insurers address complex and nonstandard risks. This emphasis supports advanced preparation within a risk management insurance degree and exposes you to scenarios not typically covered in standard programs.
Does TROY offer risk management internships?
Yes. TROY provides opportunities for risk management internships that allow you to gain real-world experience while completing your degree. Through insurance internships, you can apply what you're learning in professional settings, build industry connections and better understand how organizations manage risk in practice — experience that helps you graduate more prepared for entry-level roles in the field.
What are excess and surplus lines insurance, and why is this expertise important?
Excess and surplus lines insurance covers risks that standard insurers typically will not accept, such as high-exposure or unusual operations. At TROY, you'll gain focused exposure to this specialized area of the specialty insurance market, allowing you to understand how insurers evaluate complex risks and develop solutions beyond standard coverage. This depth of study helps prepare you for advanced roles in insurance and risk management, where specialized knowledge sets candidates apart.
What is a B.S.B.A. degree?
A B.S.B.A. degree is a Bachelor of Science in Business Administration. It prepares you for leadership and management roles in all types of businesses and industries. When you choose a B.S.B.A. degree with a concentration, like the risk management and insurance concentration at TROY, you can focus your business degree specifically on your interests and career goals.
How do I become a risk manager in insurance?
A risk manager in insurance identifies and analyzes risks, which are potential losses by accidental means and then takes steps to minimize their financial impact. To become a risk manager in insurance, you typically need a bachelor's degree in a related field, such as finance or actuarial science, or a business degree with an emphasis on risk management and insurance. You'll want to pursue Associate in Surplus Lines Insurance (ASLI) and Chartered Property Casualty Underwriter (CPCU) professional designations to excel in RMI jobs.
What is risk management in insurance?
Risk management in insurance involves identifying, evaluating, and managing a business's possible threats and losses. It involves using insurance to cover some risks and other methods to deal with the rest.

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RMI graduates are finding post-college success thanks to their instructors.

Sorrell Graduates Find Success in RMI Careers

Since its introduction, TROY's risk management insurance focus has been committed to setting students up for future success. While demanding academic coursework is important, much of that success is predicated on the personal involvement of expert faculty members who mentor each RMI student. “It was a very friendly, welcoming staff and environment,” said Evan Legassey,…

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