Online PhD in Insurance Law (Online Doctor of Philosophy in Insurance Law)

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