Does it matter what four classes are taken?
Yes. You will need to take an Introduction to Risk Management or Insurance class at your home institution. Then you are able to explore different specialties within the insurance world - life & health, property & casualty, estate planning, financial planning, personal financial planning, customer service, or sales, just to mention a few. When completed with the insurance certificate, you should be able to demonstrate critical thinking, communication, and other skills.
Does it matter when the four classes are taken?
Preferably the introductory class is first and the internship is last. You will gain much more from your internship if you are able to understand the conversation going on around you. You will learn the basic concepts and the basic language of the insurance industry. When you can relate and understand what is being said and why it is being said during your internship, you will gain a completely new world of understanding and interest.
Can you take two or more of the classes at the same time or do you need to take one before taking the next one?
Yes, you can take two or more classes at the same time. Generally, the insurance certificate classes are all required classes or electives for your major in business or finance.
The only class you would need to check out is the Introduction to Risk Management or Insurance. Your home institution may require you to take this class before continuing on but be sure to check with your class advisor. The decision is up to the institution.
How much does this certificate improve my chances of being employed right after I graduate?
Being able to talk with the human relations interviewer in the common language of insurance words - concepts of risk management, reinsurance, the Affordable Care Act, the Dodd-Frank Act and other basic tenets of insurance - should improve your chances of employment provided you do well in all other parts of the interview.
How much does it cost? What are the benefits?
The insurance certificate was set up to include classes needed to complete your business or finance degree. The second level classes may even be counted as electives in the business school.
The benefits to you could be endless. If you are unsure about which direction in life you would like to go, this insurance certificate could help you decide your future. The insurance industry employs a wide variety of interests and abilities.
- claims adjusters - need automobile repair experience
- underwriters - health background is helpful
- sales - psychology is always helpful when working with the public
- policy development - English and the mastery of the English is needed
- agricultural underwriting - growing up on a ranch with a good cattle and farming background
If you find insurance interesting, the industry may be interested in you!
Would this certificate be recognized in any states other than Kansas?
Until the certificate is more established, probably not, but your experience is a great chance to explain to your possible employer your interest in insurance. The employer will know you have an interest in insurance and that you understand the basic tenets.
Is it possible to waive the level one class if I already have insurance experience?
Talk to your academic advisor or the dean of the business school.
How much does the entire program cost?
The classes you choose to take will vary in price depending on the university.
How would this benefit me as an actuarial science major?
The insurance industry has two different paths for actuarial sciences: life and health or property and casualty. By completing this insurance certificate, you will be much more prepared to focus in the specialty insurance area. You may think you like health and life and then after learning about it, you may decide property and casualty may better suit you.
What is the average salary of an insurance agent right out of college?
Every insurance agency or company has their own compensation plan.
Can you take breaks in between classes? Is there a certain amount of time you need to finish all of them?
There is no time limit for completion of the certificate.
What if I have taken an insurance certificate class from a school that is not on the list?
Consult with your curriculum advisor if it is a class that might transfer into the insurance certificate.
Kansas Insurance Certificate is made possible through the Kansas Insurance Education Foundation.