The Center for Insurance and Risk Management Studies is a multi-disciplinary educational,
research and outreach unit located in the College of Business Administration at
the University of Nebraska-Lincoln. Initial funding for the Center was provided
by a grant from the George B. Cook Ameritas Financial Services Program in Life Insurance.
The funding is in memory of the late George B. Cook, chief executive officer of
Ameritas. The Center exists because of this university-industry partnership, both
of whom recognize the importance of research and education in risk management and
The overall mission of the Center is to promote greater production and dissemination
of knowledge about enterprise and personal risk management. To that end, we work
to promote risk management and insurance research, coordinate risk management curriculum
development across various disciplines in the College, and foster cooperation between
the College and industry.
The Center supports research by both faculty and students in broad areas related
to enterprise risk management by financial institutions, industrial companies, nonprofits
and governments. We also encourage and support research on individual risk management
and individual economic security, and on public policy affecting the interaction
of individuals, companies and government. Topics studied by the Center’s researchers
include risk modeling, risk pricing, incentive contracts, corporate governance,
capital requirements, pensions, social security and healthcare among others. Both
theoretical and practical issues will continue to be a part of the research mix
of the Center.
The Center has worked recently with faculty of the Finance Department and the Actuarial
Science Program to revise the insurance and risk management curriculum. A part of
the curriculum revision is a plan to develop a formal risk management specialization
within the Finance major. We continue to work with faculty throughout the College
to encourage incorporation of enterprise risk management in courses in other departments
and to generate a multi-disciplinary approach to the topic.
A part of our mission is to inform students of risk management career opportunities
in insurance and financial services more generally, in consulting, and in public
service. We do this through student organizations, visiting scholars and executives,
internships and placement.