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The Math and Actuarial Science Club at the Spring Activities Fair

Developing the next generation of risk management and insurance professionals

Center for Risk Management & Insurance

Taking Quick Action

The Bureau of Labor Statistics estimates that over the next 15 years, 50% of the current insurance workforce will retire. To meet this need, St. Thomas is implementing a Center for Risk Management & Insurance.

The Center for Risk Management & Insurance will be established with the goal of becoming a national leader in the education of future RM&I professionals. The Center would coorinate all RM&I programming, including:

  • the Certificate in Risk Management & Insurance
  • the Actuarial Science program
  • St. Thomas' active Gamma Iota Sigma chapter
  • the graduate certificate in Risk Management Leadership
400K

estimated open positions in the RM&I workforce unfilled over the next decade

Capitalize on a Leading Position

St. Thomas is already seeing an increased interest in RM&I programs and now is the time to capitalize for both our students and the country.

1of30
Center for Actuarial Excellence designated by Society of Actuaries
100%
enrollment in many RM&I courses for fall 2023
42%
one-year increase in enrollment of students outside Minnesota
Students hang out in the Anderson Student Center

Core Educational Areas

  • Risk Mitigation
  • Insurance
  • Benefits
  • Financial Advising
  • Worker's Compensation

Naming Opportunities

Seeing Opportunity in Risk

Fully endow and name The Center for Risk Management & Insurance ($6M and additional annual support)

Establish and name ($3M and additional annual support)

Named endowed professorship ($1.5M and additional annual support)

Tommies stand in front of the Maryland capital while traveling Baltimore Students take a group picture at the Gamma Iota Sigma event Students dressed up in Orioles clothing for a baseball game Students gathered at their airport smiling with their luggage

Tommies At Work

In 2023, UST’s student chapter of GIS, a Risk Management and Insurance club, attended the annual national GIS meeting in Baltimore, MD. Students engaged in a variety of professional development opportunities such as getting headshots, resume reviews and attending a job fair where hundred’s of employers were looking to fill positions. In addition, numerous social occasions such as an opening banquet and a night out at the Orioles baseball game allowed students to get to know each other and the industry representatives.

This trip was possible due to the generosity of a few different sources—UST student organization funding, their own fund-raising efforts and a generous grant from the Spencer Educational Foundation.

Impressed and enthused, the students returned excited about the available industry opportunities and eager to learn how UST can better position them to take advantage of them!

Tommies At Work

In 2023, UST’s student chapter of GIS, a Risk Management and Insurance club, attended the annual national GIS meeting in Baltimore, MD. Students engaged in a variety of professional development opportunities such as getting headshots, resume reviews and attending a job fair where hundred’s of employers were looking to fill positions. In addition, numerous social occasions such as an opening banquet and a night out at the Orioles baseball game allowed students to get to know each other and the industry representatives.

This trip was possible due to the generosity of a few different sources—UST student organization funding, their own fund-raising efforts and a generous grant from the Spencer Educational Foundation.

The students came back from the experience impressed and enthused about the opportunities that are available in the industry and eager to learn how UST can better position them to take advantage of them!

Tommies At Work

In 2023, UST’s student chapter of GIS, a Risk Management and Insurance club, attended the annual national GIS meeting in Baltimore, MD. Students engaged in a variety of professional development opportunities such as getting headshots, resume reviews and attending a job fair where hundred’s of employers were looking to fill positions. In addition, numerous social occasions such as an opening banquet and a night out at the Orioles baseball game allowed students to get to know each other and the industry representatives.

This trip was possible due to the generosity of a few different sources—UST student organization funding, their own fund-raising efforts and a generous grant from the Spencer Educational Foundation.

The students came back from the experience impressed and enthused about the opportunities that are available in the industry and eager to learn how UST can better position them to take advantage of them!

Tommies At Work

In 2023, UST’s student chapter of GIS, a Risk Management and Insurance club, attended the annual national GIS meeting in Baltimore, MD. Students engaged in a variety of professional development opportunities such as getting headshots, resume reviews and attending a job fair where hundred’s of employers were looking to fill positions. In addition, numerous social occasions such as an opening banquet and a night out at the Orioles baseball game allowed students to get to know each other and the industry representatives.

This trip was possible due to the generosity of a few different sources—UST student organization funding, their own fund-raising efforts and a generous grant from the Spencer Educational Foundation.

The students came back from the experience impressed and enthused about the opportunities that are available in the industry and eager to learn how UST can better position them to take advantage of them!

Corporate Partnerships With An Impact

Students pose for a group photo at the Scholarship Spotlight luncheon

Scholarships

  • Incentive scholarships for RM&I introductory class
  • Incentive scholarships for RM&I Certificate students
  • Continuation scholarships for Dougherty Family College students
Students and faculty speaking about an academic posterboard session

Sustain and Expand Leadership

  • Full-time director
  • Assistant director
  • Additional faculty
Students and faculty interacting during a research project

Faculty Support and Research

  • Support industry-facing research by nationally-recognized faculty who look to engage undergraduates as research partners
  • Recruit and retain talented faculty

Your trusted education partner

Questions? Contact Us Today!

Headshot of Daniel D. Riley

Daniel D. Riley

Executive Fellow
Director of Risk Management & Insurance
rile6180@stthomas.edu
(612) 240-8266 (cell)
Headshot of Peter C. Young

Peter C. Young, PhD

3M Endowed Chair in International Business
pcyoung@stthomas.edu
(651) 962-4248 (office)
(605) 645-7505 (cell)

Headshot of Mike Axtell

Mike Axtell

Associate Director, Risk Management and Insurance Program
Professor of Mathematics and Actuarial Science
mike.axtell@stthomas.edu
(651) 962-5495

Headshot of Jennifer Snyder

Jennifer Snyder

Director of Development, College of Arts and Sciences
jsnyder@stthomas.edu
(651) 962-6923 (office)
(612) 282-7443 (cell)