Insurance and Risk Management (With Thesis) Program

The Insurance and Risk Management (With Thesis) program at Izmir University of Economics is designed to equip students with comprehensive knowledge and practical skills essential for careers in the insurance industry and risk management sectors. This undergraduate program emphasizes the development of analytical thinking, decision-making abilities, and technical competence necessary to assess, control, and mitigate various types of risks faced by individuals, corporations, and institutions. Throughout the curriculum, students are introduced to core concepts such as insurance principles, risk analysis, insurance law, and reinsurance strategies. They gain a thorough understanding of the functioning of insurance markets, underwriting processes, and claims management, enabling them to evaluate risk exposure effectively.

The program combines theoretical foundations with practical applications, ensuring students are well-prepared for real-world challenges. In addition to foundational courses, students undertake specialized modules in financial mathematics, actuarial science, enterprise risk management, and insurance product development. The curriculum also emphasizes the importance of ethical standards and regulatory frameworks governing the insurance industry. Practical experience is facilitated through internships and case studies, which help students to apply theoretical knowledge to practical scenarios. A distinctive feature of the program is the thesis requirement, which encourages in-depth research on current issues within the insurance and risk management fields. Students work closely with faculty advisors to produce original work that contributes to professional knowledge and innovative practices.

Graduates of the program are prepared for employment in various sectors including insurance companies, brokerage firms, consulting agencies, and risk management departments within corporations. They are capable of roles such as risk analysts, insurance underwriters, claims managers, and risk consultants. The program also provides a solid foundation for students interested in pursuing advanced degrees or professional certifications in actuarial science and risk management. With a focus on current industry trends, technological advancements, and international best practices, the Insurance and Risk Management (With Thesis) program at Izmir University of Economics aims to produce competent professionals who can contribute effectively to the development of resilient and sustainable financial systems.

To see the course details (such as objectives, learning outcomes, content, assessment and ECTS workload), click the relevant Course Code given in the table below.

The students studying in this second cycle program with thesis are required:

to take a minimum of 7 courses with a minimum of 21 local credits, one seminar course, and a thesis. (The seminar and  thesis are non-credit and graded on a pass/fail basis.)

to succeed in all the courses with a letter grade of at least CC/S

to have a Cumulative Grade Point Average of at least 3.00/4.00 with a minimum of 120 ECTS credits.

 A-2-FOREIGN NATIONALS:

To hold an Undergraduate Degree Diploma from a (4 year) higher education institution that is recognized by the Higher Education Board, (To graduate from undergraduate program of Department of Psychology to apply for Experimental Psychology master program, to graduate from Faculty of Law for Special Law master program)

To be exempt from foreign language proficiency, students need to meet the below requirements:

To be graduated from a higher education program in which the medium of instruction is the same language as in the master program applied for within three years following their graduation,

To obtain the scores in the exams specified below, or obtain an equivalent score in the internationally recognized foreign language exams that are deemed equivalent to the exams specified below by the Higher Education Board.

The Financing studies of the Insurance and Risk Management (With Thesis) program at Izmir University of Economics encompass a comprehensive curriculum designed to prepare students for the financial aspects of the insurance industry and risk management. The program offers a blend of theoretical knowledge and practical skills, focusing on financial analysis, investment strategies, insurance product pricing, and the management of financial risks. Students gain an understanding of financial markets, financial planning, and the regulatory environment affecting insurance companies and other financial institutions. Courses typically include financial mathematics, actuarial science, corporate finance, and risk assessment, all aimed at developing a solid foundation in financial management principles relevant to insurance. The program emphasizes real-world applications through case studies, projects, and internships, enabling students to analyze financial data, develop risk mitigation strategies, and understand the financial implications of insurance operations. In addition to core finance courses, students are encouraged to engage in research activities, especially in their thesis phase, which involves analyzing current financial challenges and proposing innovative solutions within the insurance sector. The program also offers seminars and workshops conducted by industry professionals, providing insights into contemporary financial issues and emerging trends in insurance and risk management. Graduates of this program acquire a strong ability to evaluate financial risks, develop financial solutions, and implement effective risk management strategies, making them highly valuable in insurance companies, consulting firms, financial institutions, and regulatory agencies. The program's curriculum is regularly updated to reflect changes in financial legislation, market conditions, and technological advancements in the financial sector, ensuring that students are well-prepared for careers in both national and international contexts. Overall, the financing studies component of the Insurance and Risk Management program at Izmir University of Economics aims to develop capable financial experts equipped with the analytical skills and ethical understanding necessary to succeed in a rapidly evolving industry.

Insurance and Risk Management (With Thesis) at Izmir University of Economics offers a comprehensive curriculum designed to equip students with theoretical knowledge and practical skills necessary to excel in the fields of insurance and risk management. The program emphasizes understanding the fundamental principles of insurance, including the types of insurance products, the principles of risk assessment, and the regulatory environment governing the insurance industry. Students gain insights into various risk management techniques used by companies to minimize financial losses and ensure sustainability. The curriculum integrates courses in economics, finance, statistics, and law, providing a multidisciplinary approach essential for analyzing complex risk scenarios.

Throughout the programme, students are encouraged to develop critical thinking and decision-making skills through case studies, simulations, and project-based assignments. A key feature of the program is the inclusion of a thesis component, which allows students to conduct original research on relevant topics within the field of insurance and risk management under the supervision of experienced faculty members. This research project fosters independent learning and contributes to the academic and professional development of students.

The program prepares graduates for diverse career paths in insurance companies, brokerage firms, risk consultancy agencies, financial institutions, and regulatory bodies. It also offers foundational knowledge beneficial for those interested in pursuing postgraduate studies or professional certifications such as the Chartered Insurance Institute (CII) qualifications. With a combination of theoretical coursework, practical training, and research, students are equipped to address current challenges in the rapidly evolving domain of insurance and risk management. The programme places a strong emphasis on ethical practices, customer protection, and the economic importance of the insurance sector, making graduates competitive in national and international markets.