Insurance and Sustainable Risk Management

Program Overview

The MSc in Insurance and Sustainable Risk Management equips graduates with the skills to navigate the evolving insurance industry. It focuses on contemporary issues and develops technical and soft skills for risk identification, forecasting, and management. Graduates are prepared for careers in various insurance and risk management fields, including claims, underwriting, reinsurance, and risk analysis. The program is offered in flexible formats and has been designed in collaboration with industry experts to ensure its relevance to current needs.

Program Outline

Degree Overview:

The MSc in Insurance and Sustainable Risk Management

equips graduates with the skills needed for a successful career in the evolving insurance industry. The program focuses on contemporary issues like cyber risk insurance, emerging market risk, microinsurance, climate change insurance, and Takaful (Islamic) insurance. It emphasizes the development of technical and soft skills required to identify, forecast, and manage risk in the context of insurance and risk management. It also fosters leadership skills necessary to manage insurance businesses effectively.

Graduates of this program will be prepared for careers in various insurance and risk management fields, including:

• Claims
• Underwriting
• Reinsurance
• To equip students with the technical and soft skills necessary to excel in the insurance industry.
• To develop students' leadership skills for managing insurance businesses.
• To foster a critical understanding of the evolving insurance landscape and its relation to contemporary issues like climate change and emerging markets.

Outline:

This program consists of eight 15-credit modules and a 15,000-word research project worth 60 credits.

Modules:

• Insurance Strategic Risk Management
• Insurance Digitalisation, Data Analytics and Cyber Security
• Underwriting and Claims Management
• International Insurance Markets, Accounting and Regulations
• Climate Risk, Social Protection and Innovative Insurance Solutions for Emerging Markets
• Enterprise Risk Analysis and Modelling
• Reinsurance, Risk Financing and Securitisation
• Introduction to Research Methods
• Research Project

Assessment:

Assessment methods used in the program include:

• Coursework assignments
• Class tests and presentations
• Individual and group projects
• Research project

Teaching:

The program utilizes various teaching methods, including:

• Lectures
• Seminars
• Workshops
• Guest lectures
• Industry visits
• Online learning resources

Careers:

This program prepares graduates for a wide range of careers in the insurance and risk management industry, including:

• Underwriter
• Cyber broker
• Claims manager
• Insurance data analyst
• Catastrophe risk modeller
• Insurance business manager

Other:

• The program has been designed in collaboration with industry experts and academics to ensure its content is relevant to current needs.
• The program is offered in full-time, part-time, and distance learning formats to accommodate diverse student needs.
• Graduates of the program are eligible for exemptions from certain professional qualifications, such as the CII Advanced Diploma in Insurance and The Institute's CPCU qualification.