Bachelor of Science in Insurance and Risk Management (BSc IRM)

Introduction

This qualification is designed for a person who will be able analyse, apply skills and knowledge in a wider range of activities in insurance market, so as to provide services at managerial level.

Programme Objectives

The graduates of this programme will be competent and be able to; 

i. Underwrite insurance risks

ii. Analyse, evaluate and assess risks in insurance context

iii. Undertake professional risk assessment, evaluation, and control

iv. Design insurance covers

v. Serve insurance companies as senior managers and play supervisory roles in the insurance industry, work as personal financial planners or as an employee benefits managers, insurance agents, brokers, risk managers, or safety or loss−control expert

vi. Provide insurance and risk management advisory services.

Programme Duration

The Programme runs for three (3) years.

Tuition Fee Structure

i) For Tanzanians is Tshs. 1,500,000 payable in two installments.

ii) For Foreign Students is US$ 1,800 payable in two installments.

Entry Qualifications

Entry Requirement and Eligibility

Direct Entry: Two principal passes at A-level

Equivalent qualification: Diploma in Insurance and Risk Management or Business Administration or Economics with an average of “B” or GPA of 3.0,  and at least four passes (excluding religious subjects) at O-level.

Modules

Curriculum Structure

Year I  Semester I

Subject Code Subject Name
GSU07101 Communication Skills
GSU07102 Business Law
GSU07103 Development Studies
ECU07102 Principles of Economics
AFU07101 Principles of Accounting
MTU07101 Business Mathematics
Semester II  
GSU07204 Laws of Insurance
IRU07201 Theory of risk and insurance
ITU07205 Introduction to Computers
IRU07202 Principles of risk management
MTU07203 Business statistics
MSU07201 Principles of Management
  Field Practical Work
  Year II Semester III
IRU07303 Statistical Package for Insurance
IRU07304 General Insurance
IRU 07305 Enterprise Risk Management
MSU 07303 Principles of Marketing
IRU 07306 Life Insurance
IRU 07307 Field Work Report
IRU 07308 Insurance Broking (Elective)
IRU 07309 Alternative Risk Transfer (Elective)
IRU 073010 Marketing of Insurance Products (Elective)
Semester IV  
IRU 07412 Insurance Underwriting
IRU 07413 Claims Management
SPU 07410 Fundamentals of Actuarial Science
IRU 07414 Motor Insurance
MSU 07401 Research Methodology
  Field Work
IRU 07415 Engineering Insurance (Elective)
IRU 07416 Economics of Insurance (Elective)
IRU 07417 Fundamentals of Loss Assessment and adjustment (Elective)
Year III Semester V  
IRU08501 Liability insurance
IRU08502 Operational risk management
IRU08503 Marine insurance principles
MSU08501 Strategic management
IRU08504 Property and pecuniary insurances
RM851 Field Work Report
IRU08505 Risk management in financial institutions (Elective)
MSU08501 Human resource management (Elective)
IRU 08506 Bancassurance (Elective)
Semester VI  
SPU08601 Health Insurance Financing
MSU08601 Entrepreneurship
IRU08607 Life Insurance Underwriting
IRU08608 Marine insurance practice
IRU08610 Reinsurance
IRU08609 Financial risk management (Elective)
IRU08611 Retirement Planning and Administration (Elective) 
IRU08612 Project risk management (Elective)
IRU08613 Micro-insurance (Elective)

Careers

Carrier Opportunities

The programme is designed to produce responsible, creative, comprehensive and innovative graduates to deal with all types of insurance business and associated risks which could cause both unfavourable outcomes in business and in well−being of human life.