Bachelor of Science in Insurance and Risk Management (BSc IRM)
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.
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.
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 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.
Year I Semester I
|Subject Code||Subject Name|
|ECU07102||Principles of Economics|
|AFU07101||Principles of Accounting|
|GSU07204||Laws of Insurance|
|IRU07201||Theory of risk and insurance|
|ITU07205||Introduction to Computers|
|IRU07202||Principles of risk management|
|MSU07201||Principles of Management|
|Field Practical Work|
|Year II Semester III|
|IRU07303||Statistical Package for 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)|
|IRU 07412||Insurance Underwriting|
|IRU 07413||Claims Management|
|SPU 07410||Fundamentals of Actuarial Science|
|IRU 07414||Motor Insurance|
|MSU 07401||Research Methodology|
|IRU 07415||Engineering Insurance (Elective)|
|IRU 07416||Economics of Insurance (Elective)|
|IRU 07417||Fundamentals of Loss Assessment and adjustment (Elective)|
|Year III Semester V|
|IRU08502||Operational risk management|
|IRU08503||Marine insurance principles|
|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)|
|SPU08601||Health Insurance Financing|
|IRU08607||Life Insurance Underwriting|
|IRU08608||Marine insurance practice|
|IRU08609||Financial risk management (Elective)|
|IRU08611||Retirement Planning and Administration (Elective)|
|IRU08612||Project risk management (Elective)|
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.