Master of Science in Risk Management and Insurance
Programme Type : Full Time
Fees : Fees
Faculty : Commerce
Department : Risk Management, Insurance and Actuarial Sciences
Programme Duration : 2 Years
This qualification was developed in response to the global attention to risk and insurance, particularly from a technological and political view. The MSc in Risk Management and Insurance offers a unique blend of insurance, risk management and financial services content. These areas are becoming increasingly interconnected and the prominence of risk management as a specialized profession has continued.
The qualification is targeted at individuals who already work in one of these fields and want to expand their knowledge and enhance career potential or those who want to pursue and develop a successful career in insurance or risk management. The qualification explores strategic and operational risk in the context of wider organizational resilience.
The purpose of MSc in Risk Management and Insurance qualification is to produce graduates with analytical and qualitative decision-making skills that will allow them to make rational, objective decisions under uncertainty, thereby contributing positively to economic development. The qualification will equip candidates with risk management skills and competencies which will enable them to: i. Conduct risk assessment and measurement, risk identification, risk simulations and to handle governance and compliance issues. ii. Provide support and approval for team members on standard underwriting projects and conduct research, analysis, and underwriting for special or complex applications. iii. Direct the activities of associate-level underwriters while supporting risk management and financial due diligence activities. iv. Carry out activities such as purchasing insurance, implementing health and safety measures and making business continuity plans to limit risks.
- Finance Manager
- Risk Manager
- Chartered Insurer
- Insurance Practitioner
- Underwriting Managers
- Insurance Manager
- Financial Planner
- Investment manager
- Investment Analyst
- Risk specialist
- Insurance specialist
- Candidates should have at least an Honours / Post Graduate Diploma (NCQF level 8) in Risk Management and Insurance, Risk Management, Actuarial Science, Pensions Management, Economics or Finance from a recognized institution or equivalent.
- Special Entry: Applicants who do not meet the requirements above may be considered through RPL and CAT policies for access and inclusion as per BQA/ national policy.
The programme will run over a duration of 24 months (2 years)