IELTS: a minimum of 6.0 in each element
TOEFL: Internet-Based Test (iBT): a writing score of at least 24
† TOEFL Internet-Based
††Academic IELTS
††† Cambridge Certificates: a pass at a Grade C or better is required
The M.Sc. in Insurance and Risk Management programme will equip you with all-round applied knowledge, experience and skills necessary to succeed in the volatile and constantly evolving fields of insurance and risk management.
The programme combines a practical approach to theory and creates a stimulating and challenging learning environment. The main aim of this postgraduate degree is for you to be ideally-positioned in order to build a successful career within the exciting and increasingly-complex business world, or utilise the tools learned in your existing career pathway.
In fact, the strength of this programme lies in its unparalleled cross-disciplinary treatment of the latest conceptual and methodological developments within Insurance and Risk Management, drawing on expertise and knowledge from various fields of study, while at the same time demonstrating how these ideas relate to diverse real-world settings through exposure to applied research and case studies.
Ultimately, this programme is designed to enable students to think and analyse critically and develop a pro-active, strategic attitude to decision-making. This in turn will equip graduates with the necessary tools and frame of mind to excel in their chosen career path, be it as high-ranking analysts or managers within your chosen industry or as PhD students with novel, relevant research agendas, both locally and abroad.
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YEAR ONE
Year (This/these unit/s start/s in Semester 1 and continue/s in Semester 2)Compulsory Units (All students must register for this/these unit/s)
INS5011, Advanced Insurance Practices, 10 ECTS,
INS5017, Advanced Commercial Lines, 5 ECTS,
INS5018, Advanced Personal Lines, 5 ECTS,
Semester 1
Compulsory Units (All students must register for this/these unit/s)
INS5004, Geopolitical and Environmental Risk, 5 ECTS,
INS5009, Risk Management Theory and Practice, 5 ECTS,
INS5014, Applied IRM Research Techniques, 5 ECTS,
Elective Units (Elective units are offered subject to availability and time-table constraints.)
INS5005, Actuarial Financial Mathematics, 10 ECTS,
INS5006, Risk Transfer Accounting, 5 ECTS,
INS5007, IT Risk Management, 5 ECTS,
INS5019, Applied Corporate Finance, 5 ECTS,
Semester 2
Compulsory Units (All students must register for this/these unit/s)
INS5008, Applied Alternative Risk Transfer, 5 ECTS,
INS5010, Governance, Regulations and Compliance Management, 5 ECTS,
MGT5919, Psychology of Risk, 5 ECTS,
Elective Units (Elective units are offered subject to availability and time-table constraints.)
INS5020, Applied Ethical Behaviour, 5 ECTS,
INS5022, Advanced Enterprise Risk Management, 5 ECTS,
INS5023, Sustainability and Innovation, 5 ECTS,
MGT5204, Management Science and Decision Analysis, 5 ECTS,
Summer Semester
Compulsory Units (All students must register for this/these unit/s)
EMA5922*, Dissertation, 30 ECTS,
Insurance and Risk Management present opportunities to work almost anywhere in the world, with numerous opportunities in Malta and in major countries and cities. The global economic environment is characterised by growing uncertainties and challenges, meaning that there has never been a better time to venture into the world of insurance and risk management, with growing demand for these skills and knowledge across several industries and business sectors.
Some risk and insurance positions require the professional to be “in the field” meeting clients or examining facilities; some are more quantitative in nature; while others require leadership skills as part of complex, international projects. Whatever your preferences, you are sure to find a stimulating and interesting career to suit your needs, with often generous remuneration packages.
Career pathways include but are not limited to:
Claims Investigator, Loss Prevention Field Representative, Risk Manager/Analyst, Sales Agent/Broker, Underwriter (Risk Selection), Marketing Representative, Customer Service Representative, Information Technology, Health, Product Development, Finance/Accounting, Management Executive, Investment Advisors, Portfolio Advisors, Portfolio Managers, Actuary professionals.
Professional Organisations
There are numerous professional organizations associated with specific disciplines within the industry. In fact this course is endorsed by the Malta Institute of Insurance (MIA), The Malta Association of Risk Management (MARM), The Malta Association of Compliance Officers (MACO), The Public Risk Management Organisation (PRIMO) and The Federation of European Risk Managers (FERMA) amongst others.
Moreover, students are able to ask for exemptions from the Advanced Chartered Diploma in Insurance (ACII) and are allowed to sit for the professional RIMAP exam organised by The Federation of European Risk Managers (FERMA).
Health insurance - EUR €200 per year
