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TITLE
"Curriculum Design
in Risk Management
and Insurance Education," Journal
of Insurance Issues, Mark S. Dorfman, William L. Ferguson,
and Tamela D. Ferguson, Fall 2006, Vol. 29, No. 2, pp. 158-178. Full-text articles
soon will be available through ABI/INFORM and EBSCO. Entire
article in Acrobat format.
ABSTRACT
This research note presents findings from a survey of faculty regarding
curriculum design issues in risk management and insurance (RMI) education. Several
course offerings may be viewed as primary foundations of RMI education, including
Principles, Risk Management, Employee Benefits, Property Insurance, Liability/Casualty
Insurance, Life/Health Insurance, and a Capstone experience. With very few exceptions,
RMI faculty across various demographic profiles including gender, rank, tenure status,
administrative experience, dissertation committee/chair experience, professional
education, and institutional degree offerings generally agreed with this view. However,
faculty who perceive higher levels of research expectations at their own institutions
were more likely to view certain other specialized content as important in an ideal
curriculum, including Actuarial, Case Study, E-commerce, Economics/Econometrics, Legal
Aspects of Contracts, and Marketing/Sales courses. Identification of courses deemed
fundamental to RMI education, and related curriculum assessment issues, should
prove useful to strategic decision makers in higher education interested in the development
or maintenance of an RMI program, and facilitating better allocation of scarce
resources.
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