About the Vaughan Institute
For decades, the University of Iowa has been known for producing leaders in the world of risk management and insurance. Professor Emmett Vaughan, an eminent scholar at the University of Iowa for more than 40 years, was instrumental in establishing a distinguished reputation for insurance education at the university. Under his guidance, the Tippie College of Business partnered with industry leaders to launch the institute to help with the industry's expanding employment needs. After Dr. Vaughan's passing in 2004, the institute was renamed in his honor.
The institute provides leadership in key areas of RMI, including credit risk, enterprise risk management, corporate risk, catastrophic and technology risks, cash management, and financial risk management.
The institute's Certificate in Risk Management and Insurance (RMI) was approved by the Board of Regents, State of Iowa in 2002. Beginning in 2005, the certificate was approved by the provost and four new RMI classes were offered. The first certificate was granted to an undergraduate student in 2006. Institute-related courses have grown substantially in the years since the institute's inception and each semester brings continued interest. Each year more than 300 students take one or more RMI course.
To prepare for rewarding careers in the industry, undergraduate students in the program participate in internships, the industry-specific student organization Gamma Iota Sigma, national conferences, and interact with industry mentors.
“The business community's involvement is integral to the goal. Their connection to the Vaughan Institute's classroom activities as well as experiential learning opportunities such as internships enables students to develop and deepen their respect for the insurance industry and imagine themselves in RMI careers.”
Former Tippie Dean William C. (Curt) Hunter
The Vaughan Institute is a stellar example of how academia and industry can work together to provide vital education and training for tomorrow's workforce. Top industry leaders provide support and guidance by serving on the institute's advisory board, offering internships and scholarships, mentoring students, speaking to classes, and providing financial support.