Industry-leading research, career-transforming applied learning experiences

In the Risk and Insurance Department, we are determined to provide students with rigorous academic experiences that prepare them for success after they graduate. We support our students with an innovative approach to education, which includes applied learning seminars and projects, leadership opportunities, and a variety of supplemental learning experiences. As a result, our students go on to become innovators, leaders, and changemakers in the risk and insurance industry.

Since 1938, we have contributed to the insurance field by conducting relevant, cutting-edge research, and by building bridges with industry through our alumni, professional development courses, and corporate research.

Our globally recognized faculty conduct innovative research in:

  • Predictive modeling
  • Health care analytics
  • Insurance regulations
  • Behavioral economics
  • Financial management of insurance
  • Corporate risk management
  • Financial management of insurance organizations
  • Statistical methods development

Jim Hickman (left) and Bob Larson (right)

80 Years of Academic Excellence

This year, we’re pleased to mark the 80th anniversary of the Risk Management and Insurance program and the 70th anniversary of the Actuarial Science program at UW–Madison.
Pictured: Jim Hickman (left), Bob Larson (right)

Learn more about who we are

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#1 U.S. university
for undergraduate insurance programs
U.S. News & World Report, 2020

CAE logo - Center of Actuarial Excellence

Center of Actuarial Excellence

—Society of Actuaries®

Icon of shield and ribbon with text Global Center of Insurance Excellence 2017

Global Center of Insurance Excellence 2017

—International Insurance Society

Faculty and Research

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Learn more about our renowned faculty, their specializations, and the courses they teach.

Meet our faculty
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Featured Publications

Explore the risk and insurance faculty’s latest industry-leading research.

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Research Seminars

Browse upcoming, recent, and archived research seminars.

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Degrees We Support

BBA Major in Risk Management and Insurance or Actuarial Science

Our faculty in this top-ranked program will give you a competitive edge in strategic risk management, decision-making, business analytics, actuarial science, and insurance.

RMI major overview »

Actuarial science major overview »

Capstone Certificate in Actuarial Science

In this accelerated program, risk and insurance faculty will give you the expertise to quantify risk for insurance companies, consulting firms, or other organizations.

Learn more about the certificate »

Full-Time MBA Specialization in Risk Management and Insurance

Our faculty bring their latest research into the classroom, offering exceptional foundational knowledge that balances industry-specific analytical and strategic skills with general management and communications expertise.

Explore the MBA program »

PhD in Actuarial Science, Risk Management, and Insurance

Conduct thought-leading research while working side by side with our globally recognized Risk and Insurance Department faculty, as you prepare for a rewarding research and teaching career.

Learn more about the PhD »

Beyond Degrees

As part of its comprehensive educational mission, the Risk and Insurance Department offers innovative learning initiatives, opportunities for companies to engage with us, and enriching resources.

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Innovative Learning via the TEL Initiative

Join thousands of students around the globe who use our Technology-Enhanced Learning Initiative to boost their skills and knowledge.

Learn about TEL
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Opportunities for Corporate Partners

We’re eager to help companies develop in-house expertise, hire our talented students, and benefit from valuable partnerships.

Explore engagement opportunities
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Actuarial Science Career Resources for High School Students

Learn more about the actuarial science profession via our events and presentations, and get details about our scholarship program.

Get info about our HS student resources
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Center of Actuarial Excellence: Promoting Analytics Research

Our designation as a Center of Actuarial Excellence from the Society of Actuaries stems from our cutting-edge insurance analytics research.

Explore our research efforts

News and Events


Get valuable news about our research, innovative learning, and academic achievements.

Read department news


Our department events bring together our inspired community of faculty, scholars, and industry partners to share and create transformational knowledge in the field.

Explore our events

Who We Are

Explore our mission, vision, and values.

Get to know us

Contact Us

If you have questions or need additional information about the Risk and Insurance Department, we’re eager to help you out.

Contact us