ODU announces new major in insurance and risk management

Thursday, October 31, 2013

Beginning in the fall of 2014, Ohio Dominican University (ODU) students will have an opportunity to pursue a major in Insurance and Risk Management (IRM) and study one of the most steadily growing industries in the United States. ODU’s IRM program is currently pending final accreditation by the Higher Learning Commission and the Ohio Board of Regents.

ODU’s IRM major is driven by a gap between projected job openings and the expected pool of skilled and talented workers to fill them. According to the Ohio Development Services Agency, Ohio has the seventh highest insurance industry employment in the nation. Currently, 256 insurance companies operate in Ohio and employ more than 100,000 people who earn an average annual salary of more than $50,000. In fact, eight national insurance companies are headquartered in Columbus, according to the Columbus Chamber of Commerce.

“The insurance industry has a profound impact on Central Ohio’s economy and workforce,” said ODU Vice President for Academic Affairs, Theresa Holleran, Ph.D. “We’re eager to take advantage of these local resources to offer ODU students relevant, real-world industry experience that will help them develop the tools and knowledge necessary to prepare them to launch successful and fulfilling careers.”

IRM students will have an opportunity to secure internships and gain first-hand knowledge through ODU’s extensive network of industry partners. Undergraduate students also may participate in ODU’s 4+1 MBA program to earn their Master of Business Administration in one additional year of study at ODU.

ODU’s IRM program is supported by The Griffith Insurance Education Foundation, which awarded the university an $8,000 Robert P. Ashlock Memorial Fund grant to assist in the program’s development and implementation.

Ohio Dominican University is a comprehensive four-year, private, liberal arts and master’s institution, founded in 1911 in the Catholic Dominican tradition. The University has approximately 2,600 students and offers undergraduate degrees in 43 majors as well as nine graduate degree programs. Ohio Dominican uses a student-centered approach, with a commitment to quality teaching and learning. www.ohiodominican.edu