International Insurance Society Recognizes CSUF Program

FULLERTON, Calif., May 18 -- California State University-Fullerton News Service issued the following news release:

Cal State Fullerton's Center for Insurance Studies has been recognized as a Global Center of Insurance Excellence by the International Insurance Society (IIS). The honor will be announced in July at the IIS Global Insurance Forum in London.

"The honor is a recognition of our two decades of work to establish an undergraduate concentration in risk management and insurance (RMI) in the Department of Finance and actuarial science in the Department of Mathematics," said Weili Lu, professor of finance and director of the Center for Insurance Studies. "In Mihaylo College of Business and Economics, we also are offering an MBA concentration in RMI, as well as a recently created master of science in financial engineering and risk management. Such efforts have created the largest and most active insurance program west of the Mississippi."

The designation recognizes a college or university that offers a major or concentration in insurance studies with a clear set of courses and other requirements focused in at least two of four topic areas: risk management and insurance, property and liability insurance, life-health insurance and insurance industry structure and operations. A record of graduates who have found positions in the field and faculty with education and experience in the field are also required.

The Center for Insurance Studies was established in Mihaylo College of Business and Economics at the beginning of the 1998-99 academic year. The Insurance and Financial Services program, created by the Center for Insurance Studies, is now one of the six tracks in the Finance Department.