Basic Information of the Department of Risk Management and Insurance

I. History and Overview

The Department of Risk Management and Insurance of the University of International Business and Economics (UIBE) was established in April 2001 through the merger of the former Department of Insurance of the University of International Business and Economics (UIBE) and the former Department of Insurance of the China Finance Academy (CFAA), which was initially established under the School of Finance of the University of International Business and Economics (UIBE), and became the cornerstone of the School of Insurance in May 2007.

The establishment of the Department of Risk Management and Insurance can be traced back to 1951, when the former University of International Business and Economics offered the course of "International Cargo Transportation Insurance", which was one of the earliest explorations of teaching professional insurance courses in China. Since the establishment of the department, several generations of scholars have been working diligently to cultivate and nurture a large number of talents for the country and society.

After the establishment of the School of Insurance in 2007, the Department of Risk Management and Insurance has been responsible for teaching many basic courses such as "Insurance" in the whole school, with the largest number of faculty members, the most diverse courses and the largest scale of students, and is the main inheritor and practitioner of the history and culture of the School of Insurance.

In 2020, the insurance major of University of International Business and Economics was selected as a national first-class undergraduate major construction site and became a member of the national team of insurance majors. In addition, according to the 2020 ranking of the competitiveness of Chinese universities by major published by China Science and Education Evaluation Network (www.nseac.com), the insurance major of the University of International Business and Economics is ranked first in the country (obtaining the only 5★+)

The Department of Risk Management and Insurance has built a complete talent cultivation system covering undergraduate (insurance major; insurance big data major), master's degree (insurance master's degree, finance master's degree) and doctoral degree (finance direction).

II. Development Positioning and Characteristics of the Department

In terms of development orientation, the Department of Risk Management and Insurance takes risk management as the base and starting point of the discipline, takes the activities and economic relations of the insurance industry as the main research object, and covers the fields of enterprise risk management and insurance, pension risk management and insurance, health risk management and insurance, family risk management and insurance, agricultural risk management and insurance, etc., and is committed to promoting the insurance industry to better serve the national economy.

The characteristics of the department are as follows

Firstly, the distinctive risk management background. The department takes risk management as the base of teaching and research, encourages teachers to conduct basic research on risk management, and offers courses including Risk Management, Financial Risk Management, Enterprise Risk Management, Risk Management Theory and Practice, Insurance Statistics, Civil Law, and Python and Big Data Analysis. The courses are designed to help students master the theory and methods of risk management, cultivate risk management awareness, and lay the foundation for further study.

Secondly, a complete and rich curriculum. With the advantages of the complete curriculum of the College of Insurance (two other departments, Statistics and Actuarial Science and Labor and Social Security) and strong faculty, the Department of Risk Management and Insurance can provide students with several actuarial courses (such as life insurance actuarial science and non-life insurance actuarial science) and social security courses (such as social security economics, employee benefits and social security, pension economics, health economics) in addition to many courses in commercial insurance. Students have a lot of freedom to choose courses.

Thirdly, there is a deep integration of industry and education. The Department of Risk Management and Insurance has a natural connection with the insurance industry. In recent years, the College of Insurance and the Department have done a lot of work in the integration of industry and education, and have signed strategic cooperation agreements with regulatory agencies and insurance companies, such as the China Insurance Association, the Chinese Insurance Association, the Beijing Banking and Insurance Regulatory Bureau, China Re, New China Life, Sun Life, and Hutchison Life, and have carried out various forms of cooperation in academic research, talent training, job hunting internships, and lectures. We have carried out various forms of cooperation.

Fourthly, in 2022, with the joint support of the College of Insurance and the College of Information Technology, the Department of Risk Management and Insurance and the Department of Data Science and Big Data Technology of the College of Information Technology jointly launched the "Big Data Insurance Composite Talent Training Program". "The program is designed to meet the strategic needs of the digital economy. The program is geared to the national strategic needs of digital economy, with advanced technologies such as big data and artificial intelligence as its grasp, and focuses on promoting the digital transformation of the insurance industry and stimulating market vitality, aiming to cultivate high-quality composite talents with "national sentiment, global vision, innovation spirit, digital literacy and practical ability".

III. Faculty Profile

Currently, there are 17 full-time faculty members in the Department of Risk Management and Insurance, including 3 professors, 10 associate professors and 4 lecturers, all of whom have overseas study or further training background. All of the teachers graduated from 985 universities in China or famous universities overseas, and their professional background is mainly in economics and finance.

IV. Curriculum construction and teaching materials

The teachers of the Department of Risk Management and Insurance actively participate in the "Golden Course Project" organized by the Ministry of Education and the university, online and offline blended teaching, the construction of course thinking and politics, the construction of experimental courses, and the construction of micro courses. In addition, the department is also actively cooperating with insurance companies to strengthen the industry-university research.

In terms of curriculum construction, the course of Property and Liability Insurance (Mr. He Xiaowei) was awarded as the first model course of Civics of the University of International Business and Economics, and Mr. He Xiaowei was also awarded the third prize of the first Civics of the University of International Business and Economics teaching ability competition. The courses of Insurance Accounting (Wang Yan), Insurance Investment (Xu Gaolin) and Insurance Law (Tai Yue) were also included in the model course of Curriculum Civics of the College of Insurance. The courses such as Marine Insurance taught by Ms. Bai Wei, Reinsurance taught by Ms. Zeng Lixin, and Financial Management of Insurance Companies taught by Ms. Hao Junfu have won the top 10% of students' evaluation in the College of Insurance for many times. In addition, in recent years, the department has also added some courses in line with the development of the insurance industry, including "Big Data Analysis and Insurance", "Family Financial Risk Management", "Risk Assessment and Risk Financing", "Life Insurance Product Research", etc.

In terms of textbook construction, teachers Wang Yan and Guo Rexin from the Department of Science have participated in writing and publishing Risk Management and Insurance (published in 2021), and textbooks such as Insurance Accounting edited by Wang Yan and Insurance Investment Tutorial (2nd edition) edited by Xu Gaolin will be published soon.

V. Team projects and awards

In recent years, the Department of Wind Management has declared a number of teaching projects. For example, two teaching reform projects, "Construction of Civic Demonstration Course of Property Insurance Course" (2019) and "Teaching Reform and Innovation of Insurance Special Master" (2021), chaired by He Xiaowei and participated by several teachers, were successfully concluded.

The "Study on Insurance Accounting Topics" presented by Ms. Wang Yan was evaluated as a school-level excellent case of the University of International Business and Economics.

In addition, the faculty of the Department also led students to participate in many discipline competitions and won awards, such as the second prize of American College Student Mathematical Modeling Competition, the second prize of Beijing Challenge Cup, and the first prize of Capital University Insurance-Finance Advertising Design Competition.

VI. External Exchange and Cooperation

In recent years, the Department of Risk Management and Insurance has been actively involved in various forms of cooperation and exchange with the College of Insurance.

On December 8, 2022, according to the arrangement of the memorandum of cooperation between the university and the Beijing Banking and Insurance Regulatory Commission on the construction of clean financial culture, the department participated in and co-organized the event of "Clean Financial Culture in Colleges and Universities - Dialogue on Clean", with Prof. Wang Guojun and Prof. You Guiyun from the Department of Risk Management and Insurance as the guest speakers and Prof. He Xiaowei served as the moderator.

Signed a strategic agreement with China Insurance Association, China Insurance Association, Beijing Insurance Association and Beijing Insurance Association to establish an internship base.

Cooperation with insurance institutions. Signed strategic cooperation agreements with China Re, Xinhua Life, Huaxia Life, Sunshine Insurance, Hua Gui Life, and Hutchison Life to establish internship bases.

Cooperation and exchange with sister institutions. The department has established good cooperation with the insurance departments of Peking University, Tsinghua University, Renmin University of China, Zhejiang University, Wuhan University, Central University of Finance and Economics and other universities.

Cooperation with the School of Information of the University of International Business and Economics. The Department of Risk Management and Insurance and the Department of Data Science and Big Data Technology of the School of Information Technology have cooperated to establish the "Big Data Insurance Composite Talent Training Program (Major)" and jointly cultivate insurance big data professionals.

VII. Social Radiation and Influence

Since the establishment of the department, with the efforts of several generations of students, the Department of Risk Management and Insurance has developed into an important talent training and research base in the field of risk management and insurance in China.

In 2020, the Department of Insurance of the University of International Business and Economics was selected as a national first-class undergraduate major construction site and became a member of the national team of insurance majors.

In addition, according to the 2020 China University Competitiveness Ranking by Major published by China Science and Education Evaluation Network (www.nseac.com), University of International Business and Economics (UIBE) ranked first in the country in insurance (obtaining the only 5★+)