Why study the MSc Insurance and Sustainable Risk Management programme

Lloyd`s of London and Willis Building.

 

By Dr Madhu Acharrya (MSc Insurance and Sustainable Risk Management Programme Leader)

The MSc Insurance and Sustainable Risk Management is a brand new programme at Glasgow Caledonian University London and gives students and insurance professionals of the future the skills they will need. Taught by qualified Insurance academics and industry practitioners, the programme will be accredited by the Chartered Insurance Institute allowing students to gain exemptions for the Associateship of the Chartered Insurance Institute (ACII).

Who should study the course?

This course is suitable for those who have already been working in the industry but also for those who have no work experience but aim to enter and develop their career in insurance. However, applicants who have insurance-related work experience or professional qualifications in risk and insurance, will get preference to enter the programme.

What does the course cover?

The course covers both theoretical and technical insurance topics ranging from leadership management to risk modelling and actuarial pricing of general insurance contracts. In particular, the topics related to the insurance in emerging markets e.g., microinsurance, climate risk and Takaful insurance including contemporary subjects like insurance automation, InsurTech and Cyber Risk are also covered in this course. We are located close to Lloyd’s of London giving students the opportunity to attend events and external lectures on insurance topics and network with insurance professionals adding an extra advantage to the study programme.

Why should you study this course?

Our MSc Insurance and Sustainable Risk Management is unique in various ways. It is universally recognised that the rise of global risks landscape in terms of frequency, severity and interconnections amongst the sources of risks threaten the growth of the modern society. This reminds us to re-focus on the core function and contribution of insurance i.e. social protection while pooling risk amongst the stakeholders.  In line with GCU’s Common Good Strategy and United Nations Sustainable Development Goals we have added the sustainable and inclusive insurance as the central theme of the Masters programme.

We are also the first university in the United Kingdom to integrate this dimension of insurance in a full Masters’ level insurance programme. Gaining knowledge and skills on the emerging insurance topics, successful students can contribute to the protection of the business and society from emerging global risks wherever they work.

What are the career opportunities?

Successful students will have the opportunity to enter the insurance job market, but not limited to the industry. In particular, they can apply their acquired knowledge and skills in the position of risk manager, insurance manager, underwriter, claims manager, risk modeller, insurance risk analysts and insurance brokers. In addition, students can progress to further research studies in insurance. We offer MPhil and PhD on selected insurance topics and eligible students can go onto further study should they wish to.

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