Industrial Economics with Insurance with Placement Year
Industrial economics with insurance is a degree that sits at the meeting point of applied economics and the specific analytical challenges of the insurance industry, one of the most significant sectors of the financial services economy. Industrial economics examines how firms compete, how markets are structured, how regulation shapes business behaviour and how economic theory applies to the real strategic and competitive decisions of organisations. Insurance introduces the specific economic logic of risk transfer, pooling and pricing, asking how premiums are calculated, how risk is assessed and managed, how insurance markets function and what happens when they don't.
At the University of Nottingham this four-year, full-time programme, which includes a placement year to give you direct professional experience in an economics or insurance-related role, combines rigorous economic analysis with specialist knowledge of the insurance industry's structures, products and regulation. You will study micro and macroeconomics, industrial organisation, econometrics and economic policy alongside insurance-specific topics including actuarial principles, financial risk, underwriting and the regulatory frameworks that govern insurance markets. The placement year is built into the four-year structure and gives you the opportunity to apply your learning in a professional setting before you complete the degree.
The programme also includes a year abroad, extending your academic experience internationally.
Graduates pursue careers in insurance underwriting, claims management, actuarial science, risk management, financial analysis and regulatory roles across insurance companies, Lloyd's of London, reinsurers, brokers and consulting firms. Economic analysis skills are also valued in financial services, government economic departments, competition regulation and management consultancy. Many graduates also continue to postgraduate study or pursue professional qualifications in actuarial science, economics or financial risk management.