Bayes Business School, City St George's, University of London

MSc in Insurance and Risk Management

This MSc equips you with both technical foundations and applied skills. You will:

• Master the financial structures of insurers and their links to banks and capital markets
• Build expertise in insurance law, underwriting, claims, financial management, enterprise risk management and actuarial applications
• Gain insights into global challenges such as climate change, cyber risk and geopolitical uncertainty
• Develop a specialist focus across underwriting, broking, claims, reinsurance, loss adjusting or risk strategy.

Term 1

Compulsory modules

• Theory of Risk and Insurance
• Insurance and Law Regulation
• Enterprise Risk Management
• General Insurance

Term 2

Compulsory modules

• Financial Management in Insurance
• Financial Risk
• Financial Services Corporate Strategy
• Risk Analysis and Modelling

Term 3

In term 3, you are required to choose one of the following options:

Option 1: You can opt to write a 5,000-word General Research Project (30 credits) and take three specialist elective modules (3 x 10 credits)

Option 2: You can take five specialist elective modules and Career Management Skills and Research Methods (6 x 10 credits)

Project and research skills

• General Research Project
• Career Management Skills and Research Methods

Electives offered in 2024

• Claims Management
• Cyber Risk
• Digital Finance
• Ethics, Society and the Finance Sector
• Liability Insurance
• Marine, Aviation and Transport Insurance
• Operational Risk Management
• Reinsurance
• Sustainable Finance with ESG
• Country and Geopolitical Risk Management

*Please note that electives are subject to change and availability.

Exempt Route (‘fast track’) course for CII Advanced Diploma holders

The Exempt Route (‘fast track’) course is available only for students who have completed the Advanced Diploma of the Chartered Insurance Institute within the last five years and who have gained their CII credits largely through CII examinations.

Students are granted exemption from four compulsory subjects: Theory of Risk and Insurance, Insurance Law and Regulation, General Insurance, Enterprise Risk Management.

The course begins in January rather than September and runs for 8 months (full-time version) or 20 months (part-time version*).

The MSc Insurance and Risk Management equips you with the skills and connections for careers across insurance and wider finance sectors locally and globally.

Graduates have secured roles as Claims Specialist, Broker/Senior Broker, Trainee Underwriter, Risk Manager, Reinsurance Broker, and Loss Adjuster at employers including Zurich, Gallagher Re, WTW, American Express, Howden, Allianz, and LCP.

Students also benefit from alumni panels, industry and office visits, careers fairs, industry overviews, guest speakers, company presentations, and workshops.

Further opportunities to network and learn alongside like-minded peers are available through student-led business clubs such as AIR-Q.