2018-03

Arizona State University
University Senate

Senate Motion #2018-03

Motion Introduced by: Curriculum and Academic Programs Committee, Caroline Harrison, Chair

Date of First Reading:  August 28, 2017

Date of Second Reading: September 25, 2017

Title of Motion: Request from the College of Liberal Arts and Sciences - School of Mathematical and Statistical Sciences – for the establishment of an undergraduate certificate - Analysis and Management of Insurance Risk

Action Requested: This curricular proposal has received all college, school, unit and university administrative approvals, and is being presented to the Senate for review and voting decision.   

Rationale: Risk management is the identification, assessment, and prioritization of risks followed by coordination and economic application of resources to minimize, monitor the probability and impact of unfortunate events or to maximize the realization of opportunity. Risk management's objective is to ensure that uncertainty does not deflect the endeavor from the stated business goals. As such, the certificate will produce well-rounded business assessors of such risk, ready to utilize their knowledge of mathematics, statistics, economics, marketing, business, finance, and accounting in an insurance career.