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Drake University

Drake University

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Country: USA

Unlike the extensive insurance programs at other schools that are limited to business students, Drake’s concentration in risk management and insurance (RMI) is open to, and attracts, students from throughout the University regardless of their major. A student can earn the concentration by completing four RMI courses that cover key components of risk management and insurance.

The program is located in Des Moines, Iowa, home to a vibrant insurance industry and the Global Insurance Accelerator. Our faculty works hard to maintain a “real-world,” applications-based teaching environment in accordance with our mission—bringing the classroom into the world and the world into the classroom. Students have a myriad of opportunities for internships, hands-on learning, and building extensive networks. Strong relationships with local business leaders, as well as national and international executives and successful Drake alumni, contribute to the program’s strength. Drake’s actuarial science program has been recognized as one of only 16 Centers of Actuarial Excellence in the US.

Students combining an insurance concentration with another business degree begin business coursework their freshman year, so they are exposed to the business curriculum, professors, and community leaders early in their college experience. Drake’s rigorous academic training emphasizes the development of advanced business acumen as well as communication, writing, and presentation skills.

Drake has a strong and active student organization for those interested in careers in actuarial science, risk management, and insurance (Gamma Iota Sigma), which regularly wins national awards for its activities. More than 99 percent of our 2017 graduates were employed or pursuing higher education within six months of commencement.

Degrees offered: Bachelor of Science in Business Administration (BSBA), with
• major in Actuarial Science, either alone or combined with another CBPA major;
• concentration in Risk Management and Insurance
• concentration in Actuarial Science

Course listings:
• Insurance 51—Personal Risk Management
• Insurance 141—Business Risk Management
• Insurance 161—Insurance Company Operations
• Insurance 180—Operational Risk Management
• Insurance 190—Case Studies in Insurance and Actuarial Science


Susan Watson, M.S., FSA
Director of the School of Actuarial Science and Risk Management