Reinsurance

Module Description

The Reinsurance module introduces the students to the concept of reinsurance, its main features, purpose, and operation. Students navigate reinsurance transactions and the parties involved in such transactions as well as the role of reinsurance in the overseas market.

The module addresses how reinsurance meets the needs of the insurer, contract wordings, the various reinsurance programmes, and the legal aspects surrounding reinsurance.

Entry Requirements

Candidates who apply for this course must possess one of the following:

• A related qualification at MQF Level 4

and/or

• One ‘A’ Level or equivalent and a pass in English Language*, Mathematics, and/or Business Studies at MQF Level 3 (‘O’ Level or equivalent).

• Preference will also be given to applicants having 1 year work experience related to the study programme.

*In the case of students who do not possess all the formal required academic qualifications, then the Recognition of Prior Learning (RPL) process could be applied such that if evidence of equivalent learning is found then the applicant could still be accepted in the course.

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:

• Evening classes for part-time courses.
• Classes held throughout the day for full-time courses.
• Guided learning, presentations, comprising synchronous online discussions, tutorials and/or videos.
• Self-study hours comprising research, reading and assignment work.

Assessment

Assessment is carried out via two mandatory components:

• Assessment 1
• Assessment 2

The programme includes different forms of assessment which allow for and promote students’ critical engagement. The assessment tasks may include an in-class assignment and/or a home-based written assignment using diverse assessment tools which may take the form of online and in-class discussions, examinations, case studies, reports, proposals, essays, and presentations, etc., as applicable to the diverse modules.