7/6/11The Penn State Smeal College of Business is offering a new major, the bachelor of science in risk management, which will be housed in the restructured Department of Risk Management and have three concentration options: actuarial science, enterprise risk management, and real estate. The new Department of Risk Management represents a restructuring of the former Department of Insurance and Real Estate. The research and disciplinary focus of the department is on risk assessment, mitigation and management, connecting disciplines such as actuarial science, business law, decision analysis, insurance, international business, and real estate.