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Department of Risk, Insurance, & Healthcare Management

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Risk Management and Insurance PhD

Organizations in today’s economy must respond to numerous uncertainties, including property-liability exposures, employee benefit programs, and various other financial risks. To coordinate responses to the full spectrum of risks affecting a company’s bottom line, decision makers must diversify, hedge, and insure risks in ever more comprehensive and efficient ways. The technical expertise and strategic vision necessary to manage risk is the subject matter of the program in Risk Management and Insurance.

Temple University’s program in Risk Management and Insurance is nationally recognized. Located in the Department of Risk, Insurance, and Healthcare Management, the program prepares students to identify and evaluate various sources of risk, and to select and implement solutions to control these risks through insurance and other mechanisms of risk transfer and distribution. Graduates of the Risk Management and Insurance program often enter the risk management or employee benefit departments of large businesses and other organizations. They may also take challenging positions within insurance or benefit consulting firms, brokerage firms, agency operations, or insurance companies.

Temple University’s Fox School of Business and Managment offers a comprehensive doctorate in Business Adminstration. The Ph.D. in Risk, Insurance, and Healthcare is one of seven primary specializations under this program.

 

Admission to the Ph.D. Program

Admission requirements to the Ph.D. program in Business Administration follow the general requirements established by the Graduate School at Temple University. (Please see the Graduate School Bulletin, and the Undergraduate Healthcare Management.)

Applicants to the Ph.D. program must take the GMAT. Successful candidates generally have scores in the following percentile ranges:

  • Quantitative, 85 – 99
  • Verbal, 75 – 99.

International students who have not received a degree from an American university must also take the TOEFL exam, and successful candidates generally have scores of 600 or above.

You may apply on-line at the following web site: http://www.temple.edu/grad/admissions/index.htm.

Financial aid information is available at: http://www.temple.edu/sfs/.

International students should consult the Office of International Services for more detailed information at: http://www.temple.edu/OIS/.

Once you have made an application to Temple, you may contact the Fox School’s Ph.D. Programs Admissions Office at (215) 204-3911 to inquire into the status of your application.

A comprehensive description of graduation requirements for the Ph.D. in Business Administration is provided by the Ph.D. Handbook.

 

For More Information

For additional information and an application for the Ph.D. with specialization in Risk, Insurance, and Healthcare, please contact:

J. David Cummins, Ph.D.
617 Alter Hall (006-07)
Temple University
Philadelphia, PA 19122

Telephone: (215) 204-8468
Fax: (215) 204-4712
Email: cummins@temple.edu

 

Ph.D. Seminars in Risk, Insurance, and Healthcare

RIHM 9001. Seminar in Property-Liability Insurance Markets. (3 s.h.) 
Prerequisite: Approval of the department.
In this course, economic, financial, and legal research issues in property-liability insurance are examined. Economic issues explored include (but are not limited to) corporate demand for insurance, domestic and international underwriting cycles, risk classification, and adverse selection. Coverage of pricing, profits, and regulation of insurers explicitly incorporate financial principles, including option pricing, discounted cash-flow ratemaking methods, and the capital asset pricing model. Legal issues focus on liability principles and tort reform. Students will learn institutional features of property-liability insurance to the extent necessary to interpret the research covered.

 

RIHM 9002. Seminar in Life and Employee Benefits. (3 s.h.)
Prerequisite: Approval of the department.
A workshop approach is used to study the financial aspects of retirement plans, the macroeconomics aspects of pensions and health plans in the context of an aging population, and the microeconomics of retirement and income security. Students learn the steps needed to formulate a research strategy, including writing a proposal, developing hypotheses, and determining empirical tests of these hypotheses.

 

RIHM 9003. Seminar in the Theory of Risk. (3 s.h.) 
Prerequisite: Approval of the department.
Readings will cover the basic mathematical theory of risk: utility-theoretic foundations, finite-horizon individual and collective risk models, infinite horizon models, and the role of reinsurance. Students will make presentations or write papers on areas of current research activity, such as: applications of diffusion processes, the use of insurance-based securities, and the impact of risk-based capital regulatory requirements.

 

RIHM 9004. Seminar in International Healthcare. (3 s.h.)
Prerequisite: Approval of the department.
This seminar provides a set of technical skills and knowledge base for the analysis of healthcare financing in different countries. It is designed to be of use to those working: in Ministries of Health, Ministries of Finance, or private insurance companies around the globe; in the economics and marketing departments of international pharmaceutical companies; or on the staff of international agencies. There will be a series of short assignments, two papers, and an exam. It is anticipated that some students will use the assignments as a starting point for their dissertation proposals.

RIHM Brochure

RIHM Brochure

Risk Management and Insurance Department Edition e-newsletter

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Upcoming Seminars

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