Nov 18, 2018  
2015-16 College Catalog 
    
2015-16 College Catalog [ARCHIVED]

Insurance Studies


The Insurance Studies Program prepares students for entry into careers in the insurance industry. Students graduating from this program will have a fundamental understanding of business through a variety of business-oriented courses such as management, business law, ethics, and economics. Graduates will also acquire knowledge from three insurance-specific courses that will cover such areas as insurance organizations, agencies, industry regulations, types of insurance, risk management, financial workings of an insurer, and insurance needs analysis and policies.

Program graduates will be prepared for various positions in the insurance industry. Examples may include the following: accounting clerks, office manager, benefits specialist, claims adjuster, loss control specialist, and insurance sales agent.


Department of Business Technologies


Administration

Toledo-area Campus

Phone Number

Email

Ann D. Theis, Dean Heritage Hall 106Y (567) 661-7270 ann_theis@owens.edu
Timothy S. Miesse, Department Chair Heritage Hall 106M (567) 661-7472 timothy_miesse@owens.edu

Accreditation

Accredited by the Accreditation Council for Business Schools and Programs (ACBSP).  For more information concerning accreditation standards contact the Accreditation Council for Business Schools and Programs (ACBSP), 11520 West 119th Street, Overland Park, Kansas, 66213, phone number 913-339-9356, web address  www.acbsp.org.

Student Learning Outcomes

Upon completion of the coursework, the student should be able to:

  • Explain how industry regulations relate to company / agency actions.
  • Link legal and regulatory considerations to consumer protection.
  • Review basic financial statements to assess insurance company’s strength.
  • Articulate and describe general management processes commonly used by insurers.
  • Illustrate types of business insurance and explain benefits of each.
  • Predict risk exposures of business activity and protections provided by insurance.
  • Identify  combinations of insurance coverage to maximize protection and minimize cost.
  • Outline factors associated with loss control and safety of a business.
  • Associate insurance with its role in enterprise risk management.
  • Link legal and regulatory considerations and boundaries with how insurance companies conduct business.
  • Relate factors that influence how insurance is priced and payouts are determined.
  • Describe what a consumer must consider when purchasing insurance.
  • Summarize the role insurance plays in addressing societal issues arising from injuries caused by others.

Employment Opportunities

Students may become employed in areas including but not limited to:

  • 13-1031  Claims Adjusters, Examiners, Investigators
  • 13-1032  Insurance Appraisers
  • 13-2053  Underwriters
  • 41-3021  Insurance Sales Agents
  • 43-4051  Customer Service Representatives
  • 43-9041  Insurance Claims and Processing Clerks

This information is available at JobsOhio Network - Northwest Ohio, ohiolmi.com/proj/OhioJobOutlook.htm

Transfer Information

Students who wish to transfer to a four-year program in Insurance should consider the Business Administration Concentration, AS (Owens Code: BUAC) .  The associate of science degree program provides the basic curriculum needed for the first two years of a bachelor’s degree in business.  This program is transfer-oriented and is ideal for aspiring business students who intend on transferring from Owens Community College to a college or university setting.