The College of Business at the University of Nevada, Reno, has launched its new degree program in Risk Management and Insurance. The objective of the program is to create a sustainable platform that will stimulate interest and awareness among students of the University on career opportunities in risk management and insurance.
David Cisneros leads the Risk Management and Insurance Studies program as Director. He spent 25 years in the industry, with notable positions as Director of Risk Management for Oracle Corporation and IGT.
“The program brings a much-needed spotlight on an often overlooked industry,” Cisneros said. “Job opportunities in risk management and insurance are plentiful, offering individuals high salaries, work-life balance, and a challenging and rewarding career. Additionally, risk management and insurance affect all businesses, and understanding this is essential for businesses to run smoothly and profitably. »
This spring, Cisneros taught Insurance and Risk Management and Enterprise Risk Management. Life and health insurance and property damage insurance will be offered in the fall of 2022. Additionally, the College of Business plans to offer a minor in insurance and risk management in the near future.
Students taking courses in the program will gain an understanding of the ins and outs of insurance companies, insurance brokers, and the day-to-day duties of a risk manager. Additionally, students will learn how to transfer risk, for example, the loss of a building to fire or earthquake, and what actions they should take if something happens to it.
“Personally, I had never experienced a career in risk management before taking Professor Cisneros’ course, which is one of the best decisions I have made throughout my academic career,” Shail said. Patel, business student. “I think this program is a great addition for those looking to get into insurance, especially because prior to this program there were no specific pathways or courses that would prepare you to work in the insurance industry. industry without experience.”
“Professor Cisneros’ course made it clear to me that there is a very exciting and profitable profession in risk management that many students should know more about,” said Cameron Hogan, a business student. “This profession would be perfect for someone who wants to earn a lot of money while having an incredible work/life balance.”
In December 2020, the Nevada Surplus Lines Foundation provided a generous donation to support both the Insurance and Risk Management program and to establish the Nevada Surplus Lines Foundation Insurance and Risk Management Internship Scholarship Fund.
The Nevada Surplus Lines Association was formed to assist the Nevada Division of Insurance in regulating the insurance of non-admitted surplus lines and to encourage compliance by agents and insurers of surplus lines as a result of a bill passed by the Nevada Legislature of 1995. In 2019, the Nevada Surplus Lines Foundation was established to continue the charitable educational giving established by the Association.