Financial Aspects of Insurance

Module Description

This module is designed to provide students with an insight into the principles and framework related to product pricing, cashflow appraisal methods, actuarial discounting, probabilities, net and gross premium calculations, valuations, reserving and relevant actuarial principles. The module will also cover the role and importance of the actuarial function within insurance operations.

Target Audience

This course is targeted at:

• Individuals seeking to advance their academic and professional knowledge in Insurance.
• Individuals wanting to pursue a wide range of career paths within the insurance profession.
• Individuals wanting to enhance their ability to interpret, assess and communicate insurance related information.

Career Paths

This programme leads to a bachelor’s qualification that will cover the general requirements of the Chartered Insurance Institute, which will secure the competences for individuals who aspire for professional roles in this industry.

The potential positions for which this programme aims to prepare could be and are not limited to:
• Claims: Claims Handler Surveyor, Claims Executives
• Insurance Compliance Officer
• Insurance Advisor
• Insurance Business Analyst / Consultant
• Insurance Operations Executives
• Insurance Product and Business Development Executives
• Risk Management Executives
• Underwriting Executives

How you’ll be assessed

The course comprises:

– 6 lectures per module;
– 3-hour lectures (evening);
– 12 hours of online content per module, comprising synchronous online discussions, tutorials and/or videos.

Assessment is carried out via two mandatory components:
• Modular Assessment;
• Project Assessment

The course also includes additional, specialised support to help you write your Dissertation, including classes on Qualitative/Quantitative data analysis tools, as well as Dissertation Workshops.