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Overview
Designed for professionals in the financial services sector, the course develops analytical and decision-making skills essential for managing financial risk and aligning insurance solutions to client and organisational needs. A quality-assured certificate from the University of the Witwatersrand, Johannesburg is issued on successful completion.
What you will learn
Students explore the concept of risk and utility, insurance contracts, liability, and premium determination. The Insurance and Risk Management course covers the evolution of insurance, key legal principles, and specialised topics such as long-term business, statutory risk funds, and captive insurance.
Participants also examine the structure and governance of insurance organisations, including SASRIA and protection and indemnity clubs.
Programme Structure
Topics include:
- The concept of risk and utility
- Insurability, physical, and moral hazards
- Collection and interpretation of data
- Risk management
- Determination of premiums
- Historical development of insurance
- Insurance contract
- Insurance law
- Liability risks and insurance
- Insurance policies and life insurance
- Long-term business
- Statutory risk funds
- Organisation and administration of insurance companies
- Protection and indemnity clubs
- American insurance exchanges
- Captive insurance companies
- South African Special Risks Insurance Association (SASRIA)
- Insurance intermediary
Key information
Duration
- Full-time
- 12 months
Start dates & application deadlines
- Starting
- Apply before
-
Language
English
Delivered
On Campus
Campus Location
- Johannesburg, South Africa
Disciplines
Risk Management InsuranceWhat students do after studying
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Academic requirements
We are not aware of any specific GRE, GMAT or GPA grading score requirements for this programme.
English requirements
We are not aware of any English requirements for this programme.
Other requirements
General requirements
- BCom degree (NQF 7), or
- 3+ years' work experience and meet the entry requirements for the BCom degree, or
- NQF 7 qualification with relevant work experience
- Knowledge of Economics equivalent to ‘Economics I
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Tuition Fees
Living costs
Johannesburg
South Africa
8434 - 12036 ZAR / month
The living costs include the total expenses per month, covering accommodation, public transportation, utilities (electricity, internet), books and groceries.
Funding
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