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Overview
Insurance and Risk Management MSc Who is it for?
You’ll benefit from our MSc in Insurance and Risk Management if you’re looking to develop a career in the fast-growing sector of insurance and insurtech, or you already work in this field and want to enhance your knowledge, your contacts, and your career potential.
You relish the challenge of learning in a fast-paced, hands-on programme, created and taught by leading academics and practitioners.
You’ll be based within a stone’s throw of Lloyds of London (which you will have the opportunity to visit) - giving your studies a uniquely practical and strategic orientation that can be implemented anywhere.
You’ll have the equivalent of a UK upper second-class degree, preferably with some previous studies in business or finance. And you may already have taken some Chartered Insurance Institute (CII) Advanced Diploma or Institute of Risk Management exams.
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Accreditation
Accredited by the Chartered Insurance Institute (CII) and the Institute of Risk Management (IRM). Recognised as a Global Centre of Insurance Excellence by the International Insurance Society.
Why choose this course?
- Dr Cormac Bryce
- Prof Patrick Liedtke, Honorary Visiting Professor in Practice
- Rosie Parsons
- Dr Simone Krummaker
- Chris Dickinson
- Tony Sault, Executive Director, EY
- Socrates Coundounaris, Non-Executive Director, Reinsurance Group of America
Accreditation details
Successfully obtaining the MSc Insurance and Risk Management provides students with full exemption from the prestigious Institute of Risk Management (IRM) International Diploma in Risk Management. This is further enhanced with multiple and wide-ranging exemptions from the globally recognised Chartered Insurance Institute (CII). This recognition of prior learning from the IRM and CII is industry leading within UK higher education and are important indicators of the industry interface that this programme prides itself on.
CII
The Chartered Insurance Institute is a professional body dedicated to building public trust in the insurance and financial planning profession. CII qualifications are universally recognised as evidence of knowledge and technical expertise.
Students successfully completing the MSc Insurance and Risk Management will be awarded exemptions of up to 210 credits of CII modules.
Core MSc IRM Exemptions
Exemption from CII unit (992) Risk management in insurance (30 Advanced Diploma-level credits towards CII insurance qualifications) for passing all the following Bayes MSc IRM modules SMM356, SMM352, SMM359, SMM089. And 30 Advanced Diploma-level non-unit specific credits towards CII insurance qualifications.
*Exemption dependent on students passing certain modules, full details on the CII website
Optional MSc IRM Exemptions (dependent on Student choices for Term 3)
Exemption* of 25 to 50 Diploma or Advanced Diploma-level credits towards CII insurance qualifications for units: (994) Insurance market specialisation or (991) London Market insurance specialisation, (M97) Reinsurance, (M96) Liability insurances. And 30 Advanced Diploma-level non unit-specific credits towards CII insurance qualifications for passing the Applied Research Project.
*Exemption dependent on students passing certain modules, full details on the CII website
Recognition of prior learning towards CII personal finance qualifications
- 30 Advanced Diploma-level non unit-specific credits. This set of non unit-specific credits recognises the degree’s risk management content match to CII personal finance qualifications.
N.B. The maximum prior learning award for qualifications from one awarding body is currently 210 credits.
Full details of the CII prior learning standards are on the CII website in the CII recognition of prior learning scheme rules and recognition of prior learning awarding bodies guide.
IRM
The Institute of Risk Management (IRM) is the leading professional body for Enterprise Risk Management (ERM). They provide globally recognised qualifications and training, all of which are underpinned by their professional standards, defining the requirements risk managers need to meet. By these means, they help organisations and individuals build excellence in risk management so that they protect value and take advantage of opportunity.
Students successfully completing the MSc Insurance and Risk Management will be awarded full exemption from the IRM International Diploma in Risk Management. For 30 years, the IRM's International Diploma in Risk Management has been the global choice of qualification for risk professionals and their employers - the gold standard qualification. MSc Insurance and Risk Management graduates can apply for ‘Graduate’ membership of the IRM and use post-nominal letters GradIRM.
To qualify for these exemptions Graduates must complete:
- Business Research Project and TWO electives OR
- Applied Research Project and FOUR electives
Validation
The quality of Bayes courses generally is recognised through our ‘Triple Crown’ accreditation by AMBA, AACSB and EQUIS
Bayes has been designated by the International Insurance Society (IIS) as a Global Centre of Insurance Excellence (GCIE). The IIS certification programme recognises outstanding risk management and insurance programmes that play a key role in promoting insurance knowledge and research.