| 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.
City University of London
Overview:
City, University of London is a public research university located in London, England. It is known for its focus on business, practice, and the professions, offering a wide range of undergraduate and postgraduate programs. The university is renowned for its strong academic reputation and its commitment to providing students with a high-quality learning experience.
Services Offered:
City University of London provides a comprehensive range of services to its students, including:
Library Services:
Access to extensive library resources, including books, journals, databases, and online resources.Moodle:
An online learning platform for accessing course materials, submitting assignments, and communicating with instructors.Email:
A university-provided email account for official communication.Staff Directory:
A searchable directory of staff members and their contact information.Term Dates:
Information on the academic year and term dates.Room Booking:
A system for booking rooms on campus for meetings, events, and other purposes.Schools and Departments:
Information on the various schools and departments within the university.Student Life and Campus Experience:
City University of London offers a vibrant and diverse student experience, with a strong emphasis on:
London Experience:
The university's location in London provides students with access to a wide range of cultural, social, and professional opportunities.Sports:
A variety of sports clubs and facilities are available for students to participate in, both competitively and non-competitively.Social Activities and Groups:
Numerous student societies and groups cater to diverse interests, providing opportunities for social interaction and personal development.Student Wellbeing:
The university offers a range of support services to ensure students' health and wellbeing, including learning support, personal tutoring, and counseling.Career Development:
The university provides career guidance and support services to help students prepare for their future careers.Key Reasons to Study There:
Strong Academic Reputation:
City University of London is consistently ranked highly in national and international rankings.Focus on Business, Practice, and the Professions:
The university's programs are designed to provide students with the skills and knowledge they need to succeed in their chosen careers.Location in London:
The university's location in the heart of London provides students with access to a wealth of opportunities.Vibrant Student Life:
City University of London offers a diverse and engaging student experience.Excellent Career Support:
The university provides comprehensive career guidance and support services.Academic Programs:
City University of London offers a wide range of academic programs across various disciplines, including:
Business and Management:
Bayes Business School is renowned for its programs in finance, accounting, marketing, and entrepreneurship.Law:
The City Law School is a leading institution for legal education, offering programs in law, international law, and legal practice.Health and Psychological Sciences:
The School of Health & Psychological Sciences offers programs in nursing, midwifery, psychology, and other health-related fields.Science and Technology:
The School of Science & Technology offers programs in computer science, engineering, mathematics, and other STEM fields.Communication and Creativity:
The School of Communication & Creativity offers programs in journalism, media, performing arts, and language studies.Other:
Merger with St George's:
City University of London has merged with St George's, University of London, forming a new institution called City St George's, University of London.Awards and Accreditations:
The university has received numerous awards and accreditations for its teaching, research, and commitment to equality and diversity.Global City:
City University of London is a global institution with a strong international presence.University of London:
City University of London is a member of the University of London, a federation of 18 independent colleges and institutes.Entry Requirements:
All Applicants:
- A UK upper second class degree or above, or the equivalent from an overseas institution.
- Some level of previous study in business or finance is preferred.
- Work experience is not a requirement of this course.
English Language Requirements:
- If you have been studying in the UK for the last three years, you likely won't need to take an English language test.
- If you have studied in the UK at degree level for less than three years (e.g., 3+1, 2+1, 2+2, etc. ), you will need to provide the results of an approved English language test and possibly resit the test to meet the academic entry requirements.
Specific Qualifications:
While the program description does not explicitly list specific qualifications or certifications, it mentions exemptions from the prestigious Institute of Risk Management (IRM) International Diploma in Risk Management and multiple and wide-ranging exemptions from the globally recognized Chartered Insurance Institute (CII). These exemptions can likely be obtained through the successful completion of the MSc program, which suggests that holding these certifications might be considered advantageous for applicants.
Language Proficiency Requirements:
The program description does not specify a particular language proficiency test or score. However, it mentions that students who have studied in the UK for less than three years might need to take an approved English language test to meet the academic entry requirements. This implies that the program requires a certain level of English language proficiency for successful completion.
Additional Notes:
- Students applying to study at Bayes Business School are subject to City, University of London's terms and conditions.
- For more information about the application process and required documents, please refer to the Application Guide.
Overall, the Entry Requirements for the MSc Insurance and Risk Management program at Bayes Business School are:
- A strong academic background in business or finance
- A good level of English language proficiency (for non-native speakers)
- Potentially advantageous: Holding the IRM International Diploma in Risk Management or CII qualifications.
it's always recommended to contact the Bayes Business School admissions team directly for the most accurate and up-to-date entry requirements.
