Insurance and Risk Management (B.S.)


Indiana State University offers individuals a unique opportunity to earn an insurance and risk management degree online. Indiana State is one of only 49 universities in North America to offer a bachelor’s degree in insurance and risk management, and only one of four such universities to offer 11 or more undergraduate courses in insurance or risk management. 

  • The online insurance and risk management degree includes 120 credits. Coursework includes a foundation of liberal studies and a core of business courses, combined with a concentration of nine courses in insurance and risk management.
  • It is possible to earn a minor within the insurance and risk management degree by completing 12-21 credits (depending on minor selected). Students must consult with their advisors to plan a program of study and ensure course prerequisites are satisfied. For a list, visit online minors.
  • The faculty includes three full-time professors, each who hold a doctorate and professional designations or industry experience. The Insurance and Risk Management Program has been developed in conjunction with the Insurance Advisory Council composed of industry leaders. Since 1988, the industry has invested in excess of $1,800,000 in ISU’s program, including professional development for students and faculty, faculty research, and program development and operation.
  • In 1998, Donald F. and Patricia Gongaware endowed The Gongaware Center for Insurance Management Development, which adds exciting possibilities for scholarships, internships, and networking with industry leaders. This leadership and guidance from industry ensures a real-world education that prepares graduates for careers in the financial services industry.
  • The program is open to entering freshmen (with no previous college experience) as well as transfer students. Previously earned college credit can be applied toward completion of the program per these transfer guidelines.
  • The program can be completed in four years (full time) if the student follows our recommended sequence. Students also have the option of part-time study. Applicable transfer credit may be used to satisfy some program requirements, thus shortening the completion time.
  • The online Insurance and Risk Management Program is open to eligible students in the U.S. (including the District of Columbia and all U.S. territories). The program also is open to students in Canada (all provinces). The program is closed to students residing in countries other than the U.S. and Canada except for U.S. military and State Department personnel and their family members with APO/FPO addresses.

Required Courses


Indiana State University has an outstanding placement record of its insurance and risk management majors in the industry. Opportunities for challenging and rewarding careers in insurance and risk management are exceptional. Few industries can match the diversity of career opportunities that are available to ISU insurance and risk management graduates.

About 25% of insurance industry positions are sales/marketing related. The other 75% of the career opportunities available are in professional, managerial, and technical fields including: actuarial, claims, loss control, risk management, safety management, and underwriting. In Indiana alone, 33,000 professionals work in the industry in non-sales positions.

In addition, the Scott College of Business is accredited by the AACSB International.

Financial Aid & Scholarships

Students have many sources of financial support for their studies, including financial aid, work-study programs, veterans' benefits, and special scholarships for entering freshmen and transfer students.

Further Information

For further information and assistance, contact:

Indiana State Online
(812) 237-2345


The Graduate Catalog and Undergraduate Catalog of Indiana State University are the documents of authority for all students. The requirements given in the catalogs supersede information issued by any academic department, program, college, or school. The University reserves the right to change the requirements at any time.