BALTIMORE – The Maryland Insurance Administration announced today that Commissioner Al Redmer, Jr., and Deputy Commissioner Nancy Grodin will serve on the Risk Management and Insurance Advisory Board for a new specialization offered by the University of Baltimore’s Merrick School of Business (“UB”). The risk management and insurance specialization will be offered as part of the B.S. in Business Administration program. As the new program gears up for a fall 2019 launch, experts are saying that nationwide, there could be up to 200,000 new jobs in the insurance industry by 2022, with careers ranging from information technology, business analysts, claims adjusters, underwriters, actuaries, producers and more.
“We are grateful that UB President Kurt Schmoke and his team added the risk management and insurance specialization to their B.S in Business Administration degree,” Insurance Commissioner Al Redmer, Jr. said. “This is an important first step to growing local talent for these well-paying Maryland based jobs. Our team is excited to support this much needed educational opportunity by serving on the Board.”
"Commissioner Redmer made a very compelling case that there were jobs in this industry and firms were going out of state to recruit their talent," said Murray Dalziel, dean of the Merrick School of Business. "At the Merrick School, we are in the business of launching professional and entrepreneurial careers—so we took up the challenge. This is a great opportunity for our students and we are proud to support the industry and cultivate home-grown talent."
As with UB's other business administration majors, the student pursuing risk management will receive coursework in accounting, economics, finance, information systems, management, marketing and statistics. But the new specialization will offer 18 additional credits that dive deeper into the specifics of risk management and insurance, including tracks in corporate or healthcare risk management. Applications to enroll are being accepted now and will start officially in August.
"This new program provides Baltimore's students with an incredible opportunity to gain access to a growing industry with significant career opportunities, and opens the doors for scholarships and internships," said Brett Lininger, J.D '05, counsel at Nemphos Braue and chair of the Merrick School's Risk Management and Insurance Advisory Board. "It is my hope that we can engage industry partners to support the program as it grows."
Members of the newly launched Merrick School’s Risk Management and Insurance Advisory Board that work for the Maryland Insurance Administration include:
About the University of Baltimore
The University of Baltimore is a member of the University System of Maryland and comprises the College of Public Affairs, the Merrick School of Business, the UB School of Law and the Yale Gordon College of Arts and Sciences.
About the Maryland Insurance Administration
The Maryland Insurance Administration (MIA) is an independent State agency charged with regulating Maryland’s $28.5 billion insurance industry. For more information about the MIA, please visit www.insurance.maryland.gov or follow us on Facebook at www.facebook.com/MDInsuranceAdmin, on Twitter at @MD_Insurance, on LinkedIn at https://www.linkedin.com/company/maryland-insurance-administration/?viewAsMember=true,and Instagram at @marylandinsuranceadmin.
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