Insurance is a service that allows the client to purchase protection against specific future perils. The cost of the insurance is offset by the services provided by the company, in the event of a loss. Insurance management is a general term used to describe the role of an insurance broker or services firm. A bachelor’s degree program in insurance prepares students to help businesses and individual clients foresee potential risk problems and minimize losses. Students enrolled in such a program often focus on the principles of business, finance, economics and organizational management while at the same time learning about the theories behind risk management and loss management.