Insurance today is accepted as protection against risks that may arise for individuals and organisations and the management of those risks. To this end, it determines the relationship and coordination between internal units and functions within an organisation, discusses the financial effects of risk, and determines what preventive decisions should be taken. It is well known that the insurance sector has advanced considerably and spread to international areas. Our country must also keep pace with developments in this area and reach a competitive level. The recent series of major earthquakes in our country has increased the sensitivity of our state and people towards insurance. In addition, the shortcomings and problems in the pension and social security systems have brought private insurance and solutions such as individual pensions to the fore. The implications of the harmonisation laws enacted during the process of integration with the European Union on risk management, insurance and social security have also gained great importance. In this context, our university aims to train well-equipped experts with sufficient knowledge to ensure that the insurance sector has a sound structure.

In addition to the theoretical knowledge they acquire, students will graduate with professional experience and skills that will provide them with many advantages in their working lives. Accordingly, students are required to complete a ‘SUMMER INTERNSHIP’ in public or private sector organisations during the summer months following their 4th and 6th semesters. This will also help students overcome any difficulties in adapting to the work environment after graduation.

Graduates of the department can work as specialists and consultants in insurance and social security institutions. Furthermore, they can work as financial analysts, risk analysts, risk managers, insurance brokers, insurance specialists, insurance marketers, auditors, portfolio managers in investment funds or private pension funds, in the finance departments of the Ministry of Finance, Treasury, Court of Accounts, BDDK, SPK, public and private banks, other public institutions, insurance companies, consulting firms, securities brokerage firms, and private sector companies. They can also work as portfolio managers in the management of investment funds or individual pension funds. In addition, they can pursue independent careers as independent accountants, financial advisors, and certified financial advisors.

Graduates of the department will work in the life, health, property, and casualty insurance branches of the insurance industry, in product pricing, in corporate investment management, and in marketing. They will also serve as consultants in retirement planning and financial planning. In the public sector, they will provide consultancy services to insurance companies and work in social security programmes. They will also work in other areas such as reinsurance, investment companies, banks, universities, and large corporations.

In this regard, the aim of the Insurance and Risk Management Department is to: 

• Train qualified insurance candidates equipped with the necessary theoretical and practical knowledge in areas such as insurance, reinsurance, risk management, actuarial science, economics, and financial analysis.
• Enable professional development by working in different positions in the insurance sector and contributing to risk management processes.
• To produce individual and corporate solutions by providing insurance and risk management consultancy
• To carry out sales, customer management and risk analysis in insurance, reinsurance, agency and brokerage firms
• To work in insurance, risk analysis and management processes in the public and private sectors
• Working on insurance legislation, legal compliance processes and the development of insurance products
• Contributing to the sector through academic studies and research

The Department of Insurance and Risk Management goals are:

• To provide a solid academic foundation in insurance and risk management, enabling students to adapt to developments in the sector,
• To cultivate socially responsible, well-equipped individuals,
• To increase employment opportunities in the insurance, finance and public sectors,
• To offer an educational programme that integrates theoretical and practical knowledge in line with current sector needs.