Online PhD in Insurance Law Admission 2024-25, Last Date To Apply, Process, Yoga Day

ONLINE PHD IN INSURANCE LAW

Risk is at the core of the business profitability. The ability to evaluate risk and create strategies to mitigate its effects has broad applications–in insurance, business, manufacturing, and public policy. Factors such as the mortgage and credit crisis, environmental regulations, mass torts, health care reform, and natural disasters are creating an urgent need for advanced scholarship and visionary leadership. The International Risk Management Institute (IRMI) estimates that about half of the insurance and risk management (IRM) workforce will retire within fifteen years, fueling demand for actuarial science and risk management experts at all levels.

A doctorate in insurance and risk management qualifies you to reinvent the field for the twenty-first century, either by advancing scholarship and training the next generation of IRM workers or by working as a senior-level financial professional. A PhD in business in Insurance and Risk Management can open doors to a career as a university professor, researcher, business school instructor, or senior risk analyst, actuary, financial analyst, or expert consultant.

Earning an online or campus-based PhD in Insurance and Risk Management requires discipline and planning. The degree is the highest qualification in the field and involves four to six years of graduate-level work. This guide to a PhD in Insurance and Risk Management takes you through the process of researching and applying to doctorate programs.

Career Track:

The two doctorates suggest the division in the doctoral-level career paths–graduates can choose to pursue either an academic or the professional track.

Academic careers focus on the original scholarship and teaching roles. Academics serve as university professors and researchers. Some lend their expertise as consultants to public and private sector clients or as expert legal witnesses.

Professional careers include senior-level positions as a:

• Risk management advisors
• Quantitative specialist or econometrician
• Public policy analysts
• Insurance executive
• Bank managers
• Actuary

A Guide to the PhD in Insurance and Risk Management:

The field of insurance and risk management (sometimes referred to as the IRM or RMI) originated in the latter half of the twentieth century as the subset of business and finance disciplines. The field assumed a higher profile in the 1980s, reflecting a rise in the importance of business risk management. Academic insurance and risk management researchers point to executive liability, medical malpractice, product liability, and natural catastrophes to explain the rise of the IRM in the past twenty years.

Today’s IRM programs incorporate elements of economics, finance, psychology, human resources, law, and even engineering and chaos theory to shed light on effective risk management. Most recently, the field has embraced high-level mathematical modeling (econometrics) to assess and manage risk.

Online PhD degrees:

In insurance and risk management offers to schedule flexibility, making them a popular choice for working professionals balancing education alongside work and family. Aside from the convenience, online degrees offer the potential for a productive synergy between work and academic research. The online format is especially suitable for professional practice doctorates such as the online DBA in Insurance and Risk Management, which rely on the application of the theory in a real-world business setting.

TOP UNIVERSITIES:

• Shivaji University, Kolhapur
• University Institute of Applied Management Sciences, Chandigarh