| Program start date | Application deadline |
| 2024-09-01 | - |
| 2024-09-09 | - |
Program Overview
This MSc program in Insurance and Risk Management is designed for individuals seeking careers in the insurance and insurtech sectors. It provides in-depth knowledge of insurance theory, risk management, and financial analysis, with a focus on practical application and industry connections. Graduates have gone on to successful careers in underwriting, data analysis, risk consulting, and other roles in the insurance and finance industries.
Program Outline
Degree Overview:
- You'll benefit from this MSc if you're looking to develop a career in the fast-growing sector of insurance and insurtech, or already work in this field and want to enhance your knowledge, contacts, and career potential.
- You relish the challenge of learning in a fast-paced, hands-on program.
- You'll be based within a stone's throw of Lloyds of London, giving your studies a uniquely practical and strategic orientation.
- You'll have the equivalent of a UK upper second-class degree, preferably with some previous studies in business or finance.
- You may have already taken some Chartered Insurance Institute (CII) Advanced Diploma or Institute of Risk Management exams.
- Multiple full fee scholarships available from the Worshipful Company of Insurers and Lockton LLP
- Discover opportunities for industry-based research projects with company partnerships from the insurance industry
- Join a diverse international cohort with a strong sense of community between the teaching team and student body
- Tailor your course to your career and industry aspirations with a choice of options in the third term, including a supervised research project plus elective modules, or electives only
- Join our AIR-Q society (Actuarial, Insurance, Risk & Quants) student society for exclusive access to company careers sessions and corporate risk thought leader events.
Objectives:
- Provides in-depth practical knowledge of the theoretical foundations that underpin modern insurance.
- Addresses the key contributions of the global insurance industry from the position of the insurers and the insureds.
- Provides insights that allow you to decide what side of the dynamic insurance relationship you would like to focus your career on.
Outline:
Course structure:
- Two pathways:
- One-year full-time course
- Two-year part-time course
- Exempt route for CII Advanced Diploma holders (8 months full-time or 20 months part-time)
Induction weeks:
- Compulsory for all MSc courses
- Include relevant refresher courses, careers services introduction, and annual careers fair
Content:
- Term 1:
- Core modules:
- Theory of Risk and Insurance
- Insurance and Law Regulation
- Enterprise Risk Management
- General Insurance
- Term 2:
- Core modules:
- Financial Management in Insurance
- Financial Risk
- Financial Services Corporate Strategy
- Risk Analysis and Modelling
- Term 3:
- Three options:
- 10,000-word Business Research Project + 2 specialist elective modules
- 6 specialist elective modules
- 5000-word Applied Research Project + 4 specialist elective modules
- Elective modules offered in 2023:
- Claims Management
- Corporate Restructuring
- Digital Finance
- Ethics, Society and the Finance Sector
- Financial Crime
- Liability Insurance
- Mergers & Acquisitions
- Operational Risk Management
- Reinsurance
- Shipping Risk Management
Other:
- Part-time route:
- Four core modules in year 1
- Remaining core modules in year 2
- Elective modules spread across both years
- Content subject to change
- Students tailor learning to their interests
- Focus on key areas of the insurance industry
Assessment:
Methods:
- Coursework
- Examinations
- Individual presentations
- Problem sets
Teaching:
Faculty:
- Led by Dr. Cormac Bryce, Senior Lecturer in Insurance
- Taught by a combination of academics and industry professionals
- Visiting Lecturers bring real-world experience from the City of London
Methods:
- Hands-on and interactive
- Focus on practical application of theory
- Utilize industry-standard tools and software
Careers:
Potential paths:
- Underwriter
- Data analyst
- Loss adjuster
- Management associate
- Broker
- Other roles in insurance, risk management, and finance
Outcomes:
- Graduates have flourishing careers in major insurance companies, global broking firms, investment banks, risk management, and more
- Recent graduates hold positions such as:
- Underwriting Trainee
- Risk Consultant
- Credit Analyst
- Supervision Officer
- Business Manager
- Senior Broker
- Business Intelligence Analyst
Other:
- Close links with global leaders in the insurance and risk industries
- Experienced Careers Team helps students find fulfilling careers
- Scholarships and funding options available
- Recent graduates have secured positions such as:
- Underwriting Trainee
- Risk Consultant
- Credit Analyst
- Supervision Officer
- Business Manager
- Senior Broker
- Business Intelligence Analyst
- Download our latest MSc Employment Report
- Graduate Outcomes survey 2020-21:
- 79.48% of graduates employed or in further study six months after completing the course, with a median salary of £35,071
Tuition Fees and Payment Information:
UK/Home fee September 2024 entry £15,000 MSc full-time £7,500 (per year) MSc part-time Tuition fees are subject to annual change. International fee September 2024 entry £26,000 MSc full-time £13,000 (per year) MSc part-time Tuition fees are subject to annual change. Fees for fast track exemption route for CII Advanced Diploma holders: UK/Home £10,500 (full-time), £5,250 (part-time, per year)International: £18,200 (full-time), £9,100 (part-time, per year).Deposit: £2,000 (usually paid within 1 month of receiving offer and non-refundable unless conditions of offer are not met).First installment: Half fees less deposit (payable during on-line registration which should be completed at least 5 days before the start of the induction period).Second installment: Half fees (paid in January following start of course).City's Fee status assessment policy.
