6 Credits (ECTS)
The Principles of Insurance and the Insurance Ecosystem
Get 70% back via Tax Credit
€224 refund on this module
This module introduces the learner to different types of insurance contracts and to the insurance market, its structure, and the role of the various professionals operating within it, including intermediaries. It also goes on to cover the different types of risk, and how insurance can manage such risks.
The module goes on to address the fundamental legal principles that relate to insurance such as good faith, agency, subrogation, and contracts. The syllabus also examines how the insurance industry is regulated, including in relation to anti-money laundering and financing of terrorism, as well as the roles of the various regulatory bodies.
Consumer protection mechanisms are also considered, such as the Arbiter for Financial Services and the Investor Compensation Scheme. The module also explains the ethical and governance considerations one needs to keep in mind when working in the insurance industry.
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.
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 asynchronous 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.
Reading for the entire B.Sc. in Insurance Studies as presented herein costs €9,000.*
Upon successful completion of this course, students will be eligible for a 70% refund of the cost through the ‘Get Qualified’ scheme.**
Due to the modular structure of the course, you may also opt to take individual modules as stand-alone. The entry requirements still apply.***
*Prices are applicable to students who reside in Malta at the time of applying.
**Terms and conditions apply.
*** For the price of individual modules, please contact the IDEA Academy team.