Managing risk and Insurance are key parts of any business. Already have a 2- or 4-year degree? This technical diploma is a great addition.
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Risk Management and Insurance
Program Number: 311621
Your Degree:
Technical Diploma
Area of Study:
Delivery Method:
100% Online
Some Online/Some In Person
Estimated Time to Complete:
35 Credits | Finish diploma in 1 year
financial aid icon Financial Aid Available
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What You'll Pay
Use our Net Price Calculator to estimate your tuition costs.
Estimated Tuition


$5,020.75 Tuition
$660.90 Materials/Supplemental Costs
$0.00 Other Costs
  • Program Overview

    The Risk Management & Insurance technical diploma at Madison College will teach you the basics of the insurance industry and its products, including:

    • Differentiating between property, casualty, life, and health insurance policies.
    • Evaluating the different career opportunities available
    • Handling a claim from report to settlement
    • Identifying business hazards and the methods for managing them
    • Minimizing the potential of a loss for a business
    • Protecting a business from employee fraud
    • Understanding the types of insurance a business needs

    MATC's Risk Management & Insurance program is also a great addition to your professional skill set if you have already earned an associate or bachelor’s degree in Business, IT, Criminal Justice, Construction, or Auto Body.

    Madison College also offers continuing education in the field of insurance. Some of these courses are approved in Wisconsin for continuing education credits. Other professional-development insurance-related courses are offered through the School of Professional and Continuing Education.

    Program Details

    Students in the Risk Management & Insurance technical diploma program can attend full or part-time.

    Risk Management & Insurance classes may be offered at these Madison College campuses:

    • Madison - Truax

    Your advantages at Madison College:

    • Madison College has scholarships available. There funds available specifically for risk management and insurance courses. Any MATC student enrolled or planning to enroll in an insurance course is encouraged to apply.
    • Upon completing Introduction Loss Investigationsyou may register for the corresponding national exam towards certification as an Associate in Claims and/or Associate in Risk Management. 
    • Register to take the Wisconsin Intermediary Licensing Exams after completing Intro to Property & Casualty Insurance - Pre-license and Intro to Life & Health Insurance. 


    Upon completion of the Risk Management & Insurance technical diploma, you may qualify for the following positions:

    • Customer Service/Account Management
    • Claims Assistant/Adjuster
    • Underwriting Assistant
    • Insurance Sales

    With additional education and/or experience, graduates may find employment as a(n):

    • Underwriter
    • Claims Adjuster
    • Insurance Account Manager
    • Retirement Planner
    • Investment Broker
  • Curriculum and Experience

    Prospective program students, the information below reflects the basic requirements for students admitted for the 2022-2023 academic year. To learn more about Madison College, visit us.

    Current and newly admitted program students, go directly to your Degree Progress Report to view:

    • Progress toward your specific requirements
    • Alternative (in lieu of) courses to meet specific requirements

    If you have questions after reviewing your degree progress report (advisement report), please see Advising Services.

    First Semester
    3 credits
    3 credits
    3 credits
    3 credits
    Second Semester
    3 credits
    3 credits
    3 credits
    3 credits
    3 credits
  • Admission

    To Apply

    Earning a degree is a great way to advance your career development opportunities, so apply today!

    International students who wish to apply for, maintain, or transfer their F-1 student visa status to Madison College are required to complete the International Admission Process.

    Note: It is recommended to only apply for a semester that has already started if you are currently enrolled in classes or you have verified that classes are still available for that semester.

    Application Dates

    Fall 2022

    • Application open
    • Application completion deadline is November 15, 2022

    Spring 2023

    • Application open
    • Application completion deadline is April 15, 2023

    Fall 2023

    • Application opens on September 15, 2022
    • Application completion deadline is November 15, 2023

    Spring 2024

    • Application opens on February 1, 2023
    • Application completion deadline is April 15, 2024

    Admission Requirements

    All materials must be submitted by the application deadline.

    1. Admission Application

    The online application allows you to save your work as you complete it and ensures fast, secure delivery to our office.

    2. Education Completion

    Students must submit official transcripts for one of the following:

    • High school (current high school seniors may submit an in-progress transcript)
    • GED/HSED transcript
    • College transcript(s) showing completion of an associate degree or higher
      • Note: Effective with the 2023-2024 year, this may be fulfilled with at least 30 credits completed with a minimum GPA of 2.0

    All high school and/or college transcripts are recommended to be submitted for Credit for Prior Learning evaluation.

    Additional Notes

    • Class capacity is limited and is available on a first come, first served basis.
    • Course prerequisites differ from admission requirements; admission into a program does not guarantee eligibility to enroll in courses or success in the program. Refer to program curriculum for details.

    After Acceptance

    Once you are admitted into your program, review the Start of Semester Checklist to prepare for your first day of classes at Madison College. 


    Contact the Enrollment Center at or 608.246.6210.

Ready to get started?
Your first step is to apply to Madison College. It's easy and free to apply, so get started today!
Contact the School of Business and Applied Arts

Madison Truax Campus
Main Building, D3631

1701 Wright Street
Madison, Wisconsin 53704
608.246.6003 (Ext. 8)


Summer Service Hours

  • Monday – Wednesday: 9 am - 3 pm In-Person, 8 am - 4 pm Virtual
  • Thursday: 8 am - 4 pm Virtual Only
  • Friday: 8 am - 12 pm Virtual Only