Master of Science in Insurance and Actuarial Science

Introduction

Programme Objectives

The Master of Science in Insurance and Actuarial Science at NTA level 9 is geared towards producing competent graduates with master’s degree become competent strategic managers in the field of insurance and actuarial science who will work as managers at senior level positions in public and private sectors.

The objectives of the programme are:

i. To allow experienced professionals to upgrade their insurance knowledge;

ii. To assist those professionals in earning professional certification;

iii. To provide a solid academic foundation for its constituencies to become successful actuaries;

iv. To offer a structured assistance for those professionals or students wishing to take the international exams of the Society of Actuaries, the Causality Actuarial Society, Insurance, or others.

Programme Duration

The Programme runs for 18 Months.

Tuition Fee Structure

i) For Tanzanians is 4,800,000 payable in four installments.

ii) For Foreign Students is US$2,400 payable in four Installments.

Entry Qualifications

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Entry Requirement and Eligibility

Either first degree or advanced diploma with at least a second class, or a first degree or advanced diploma (with a pass class), and a good postgraduate diploma in the related field from a recognized higher learning institution.

Modules

Programme Structure

Semester I

Subject Code Subject Name
IRM 09101 Theory of Risk and Insurance Business
ASM 09101 Contingency
ASM 09109 Actuarial Practices
IRM 09102 General insurance
ASM 09103 Financial Mathematics
  Electives (At least one)
IRM 09103 Marketing of Financial Services(Elective)
IRM 09105 Advanced Claims Management (Elective)
FIN 09101 Principles of Finance and Financial Analysis(Elective)
  Semester II
ASM 09204 Risk Analysis and Modelling
IRM 09207 Insurance Law and Regulations
ASM 09205 Survival Models
IRM 09206 Property and Casualty Insurance
RM 09201 Research Methodology
IRM 09208 Dissertation
  Elective Modules (At least one)
IRM 09209 Re-insurance Practice(Elective)
IRM 09210 Marine and Aviation Insurance(Elective)
FIN 09201 Financial Management(Elective)

Careers

Carrier Opportunities

The Master of Science in Insurance and Actuarial Science at NTA level 9 is geared towards producing competent graduates with master’s degree become competent strategic managers in the field of insurance and actuarial science who will work as managers at senior level positions in public and private sectors. This programme is intended to facilitate graduates to acquire skills and knowledge that satisfy the needs of employers as well as self- employment, the society at large, and to practice Insurance and Actuarial Science at national and international levels.

The rationale of this programme is to produce competent, strategic, highly skilled and educated managers who will be able to

i. Manage risks in government, public and private institutions,

ii. Design conventional insurance, micro-insurance and reinsurance products,

iii. Manage various insurance portfolios,

iv. Conduct research and provide consultancy services in financial sector areas