Program Overview

Introduction to the MSc Insurance and Risk Management Program

The University of Limerick offers a one-year, full-time Master of Science (MSc) in Insurance and Risk Management. This program is designed to provide in-depth training in insurance, risk management, and finance, making it the only specialist MSc in Ireland to do so.

Program Overview

The MSc Insurance and Risk Management is a streamlined 3-semester course that is primarily face-to-face with hybrid elements blended into the schedule. The program caters to both early-career professionals seeking to enhance their career prospects in the insurance, risk management, and related industries, and later-career professionals in the wider business domain looking to gain a deeper understanding of different streams of risk management, insurance, and data analytics.

Recognition and Accreditation

This program has achieved special recognition from the Global Association of Risk Professionals (GARP), offering professional qualification scholarships to enrolled learners. It has also received special recognition from the Insurance Institute of Ireland (III) and the Chartered Insurance Institute (CII), giving students partial exemption from the pursuit of post-Masters professional qualifications provided by both associations.

Program Content

The program is delivered over one year, with modules taught during the autumn, spring, and summer semesters. Students have the option to submit a dissertation at the end of the summer semester or exit with a Postgraduate Diploma in Insurance and Risk Management after the spring semester. There is also an option for a research or business analytics pathway.

Year 1

• Autumn Semester:
  • Underwriting Risk (AC6191)
  • Global Finance (FI6181)
  • Risk Modelling and Derivative Markets (IN6131)
  • Corporate Sustainability (SG6121)
• Spring Semester:
  • Insuring Life and Health Risks (IN6212)
  • Data Science for Risk Management (IN6172)
  • Climate Risk Resilience (IN6222)
  • Financial Regulation (IN6012)
  • Contemporary Global Issues in Finance, Insurance, and Risk (IN6192)
• Summer Semester:
  • Research Methods in Business (AC6033)
  • Research Dissertation in Business (AC6043)
  • Alternatively, students can opt for:
    • Digital Futures Lab (MI6103)
    • Business Analytics Simulation (MI6303)

Entry Requirements

Applicants should hold a bachelor's degree (NFQ Level 8), with at least a second-class honours, grade 2 (2:2), in a relevant discipline, such as business, finance, economics, social science, and mathematics. Students from cognate backgrounds are also encouraged to apply. International students are required to meet specific qualifications and English language competency requirements.

Fees

The fees for the program are as follows:

• EU: €10,200
• Non-EU: €18,400 Annual fees are billed by semester, with options for a monthly payment plan.

Career Prospects

Graduates of the MSc Insurance and Risk Management program can pursue careers in various sectors, including:

• Auditing
• Financial Risk Management
• Consultancy
• Claims Processing and Analysis
• Cyber Risk
• Derivative Pricing
• Ecologist
• Financial Analysis
• Financial Risk Modelling
• Fund Risk Management
• Insurance Broker
• Insurance Pricing
• Portfolio Investments
• Reinsurance
• Risk and Compliance
• Risk and Valuations
• Risk and Insurance
• Sales
• Underwriting

Conclusion

The MSc Insurance and Risk Management at the University of Limerick is a comprehensive program designed to equip students with the knowledge, skills, and expertise needed to succeed in the insurance and risk management industries. With its specialized curriculum, recognition from professional bodies, and career-focused approach, this program is an ideal choice for those looking to advance their careers in these fields.