Diploma in Insurance and Risk Management

Achieve Insurance and Risk Management Excellence

Semester 1

• Financial Management 3 (20 Credits)

  Develops financial analytical skills to support strategic decision-making, profitability analysis, and risk forecasting within insurance operations.

  Key Outcomes:

  • Conduct financial forecasting and budgeting.

  • Apply risk-based decision-making in insurance.

  • Analyze cost structures and pricing models.

  • Evaluate corporate financial strategies.

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• International Insurance (25 Credits)

  Provides a comprehensive understanding of global insurance markets, international regulations, and emerging trends in risk management.

  Key Outcomes:

  • Understand global insurance structures and regulations.

  • Assess the impact of economic and political factors on insurance markets.

  • Evaluate Islamic insurance (Takaful) principles.

  • Explore technology’s role in insurance innovations.

• Applied Risk Management (20 Credits)

  Prepares students for strategic risk identification, mitigation, and regulatory compliance within both local and international contexts.

  Key Outcomes:

  • Apply advanced risk assessment techniques.

  • Integrate risk management into business strategy.

  • Develop risk frameworks aligned with regulatory standards.

  • Assess ethical considerations in risk mitigation.

• Applied Research Methodology (Insurance) (30 Credits)

  Enhances students’ ability to conduct impactful research addressing industry-specific insurance and risk management challenges.

  Key Outcomes:

  • Develop quantitative and qualitative research methodologies.

  • Analyze insurance market trends and customer behavior.

  • Apply data-driven risk assessment models.

  • Conduct case study research on insurance practices.

• Innovation in Insurance (20 Credits)

  Explores the role of technological advancements and digital transformation in the insurance industry.

  Key Outcomes:

  • Analyze InsurTech developments and applications.

  • Evaluate the impact of blockchain, AI, and IoT in insurance.

  • Develop strategic innovation plans for the industry.

  • Design and propose future-forward insurance solutions.

Semester 2

• Global Banking (20 Credits)

  This module explores the complexities of international banking, including financial markets, global risk management, and regulatory frameworks.

  Key Outcomes:

  • Understand Sharia banking principles and Islamic financial regulations.

  • Analyze international debt, equity, and commodity markets.

  • Develop strategies for cross-border transactions, trade finance, and cash management.

  • Evaluate the role of FinTech, blockchain, and digital banking in global finance.

  • Assess the impact of geopolitical events and ESG factors on global banking operations.

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• Applied Research in Banking (30 Credits)

  This research-focused module allows students to develop a practical research report, applying their banking and financial knowledge to real-world challenges.

  Key Outcomes:

  • Formulate and structure a research problem, objectives, and hypothesis.

  • Apply quantitative and qualitative research methodologies.

  • Collect, analyze, and interpret banking and financial data.

  • Develop research findings that provide innovative solutions to industry challenges.

Career Opportunities: