ONU Receives Funding to Develop New Risk Management and Insurance Major
Ohio Northern University’s James F. Dicke College of Business Administration was awarded a grant from the Robert P. Ashlock Memorial Program, funded through Assurex Global and administered by The Griffith Insurance Education Foundation to develop a Risk Management & Insurance (RMI) major. Making the presentation to Dr. James W. Fenton, dean of The James F. Dicke College of Business Administration were Meg Allwein, Vice President, Chief Quality Officer at Assurex Global as well as The Griffith Insurance Education Foundation’s Melissa Kuhn Wheeler, Director – Public Policymaker Education and Jason Terrell, Director – Insurance Education Institutes.
Ohio Northern is planning to introduce the new major to address the increasing demand for jobs in the emerging risk management field as well as the insurance industry. The funds, totaling $5,000 from the foundation, will be used to complete the research associated with specification of the program, for curriculum development, marketing and recruiting materials and for other start-up activities.
Fenton said, “The purpose of the RMI major will be to prepare students to identify and evaluate the sources of risk, and to mitigate and control risk with solutions that include insurance instruments and other risk diffusion methods. Graduates of the RMI program can enter the risk management or insurance fields, including employee benefit departments of large businesses or positions within insurance or benefit consulting firms, brokerage firms, agency operations or insurance companies.”
ONU’s RMI major will be the first such program offered in Northwest Ohio by an Association to Advance Collegiate Schools of Business (AACSB) accredited business college and the only program in the state offered at a private university.
Dr. James W. Fenton, Dean of The James F. Dicke College of Business Administration accepts Ashlock grant to launch a major in Risk Management & Insurance from (L to R) Melissa Kuhn Wheeler and Jason Terrell from The Griffith Insurance Education Foundation, and Meg Allwein, Vice President, Chief Quality Officer at Assurex Global.