Developed in response to the global attention to risk and insurance – particularly from a technological and political view, our MSc Insurance Risk Management course focuses on the relationship between the two disciplines, ensuring you graduate ready to become a leading force in any organisation.
There is an increased demand for directors, risk managers and consultants qualified at postgraduate level, to help appreciate the increasing demand for organisations to implement effective risk reporting systems. With this in mind, our course is designed to enhance your skills and train you to become a qualified, assured director.
This is a part-time course delivered online, with material developed for you to explore and apply the techniques of risk management to the world of insurance.
You’ll be encouraged to share your work experiences and to evaluate real-life case studies, both of which will bring real-life experiences to your studies.
Visit our School site for more student work and extra information.
Didn't make it to an Open Day? You still have the opportunity to come and see what our postgraduate courses have to offer. If you would like to enquire about campus tour availability, just drop us an email.
*DLHE Survey 2015/16
To register for the Masters degree you should normally hold a recognised Bachelor's degree of a good standard. Applicants with suitable work experience and/or qualifications other than those above may be considered for entry.
Applicants with suitable work experience and/or qualifications other than those above may be considered for entry.
Credit (exemption) may be given on a case-by-case basis for individual modules on the basis of prior learning and practice based experience against a standard list of exemptions which can be provided.
|English language requirements 2017/18|
|IELTS||6.0 overall with 5.5 minimum in all bands|
|Other accepted qualifications||Visit our English language page|
|MSc||Sep 2018||DL||3 Years||£7,900 pro-rata|
If you're unable to use the online form for any reason, you can complete our PDF application form instead.
|MSc||Sep 2018||DL||3 Years||£12,000 pro-rata|
If you're unable to use the online form for any reason, you can complete our PDF application form instead.
The University reserves the right to increase fees in line with inflation based on the Retail Prices Index or to reflect changes in Government funding policies or changes agreed by Parliament.
You will be charged on a per module basis. Please indicate in the Personal Statement section of the application form that you wish to study via Distance Learning.
UK / EU students are required to submit a personal statement as part of their application for this course.*
Your postgraduate personal statement is going to shine a light on your personal experience, academic success, personal skills and any other factors that will support your application for further study.
Here are the key areas you’ll need to address:
Studying a postgraduate course usually means you want to specialise in something. So what’s driving you?
Show that you’ve researched the course offering. What is it about this particular course that appeals to you? Is it the lecturers? The modules? Etc.
Tutors want to know that you can handle postgraduate study, so show them how your undergraduate experiences or work life has equipped you for a more advanced level of study. Key areas to address are research and group work but this can vary depending on your chosen course.
Add anything relevant that relates back to your chosen course and shows how your skills will contribute towards your learning. What extra-curricular activities have you taken part in? What awards have you won? What employment or voluntary experience do you have that has helped you develop transferable skills? How do these specifically relate to the course you are applying for?
You should also mention your future plans and how a postgraduate qualification fits in. Try to look beyond your postgraduate study – do you plan to jump straight into a specific career or follow your studies with a research degree? Lastly, use plain, professional English and, where possible, utilise the language of your chosen industry.
Get more information on writing personal statements.
*Non-EU students are not required to submit a personal statement when applying for this course.
While there are no additional costs associated with purchasing text books, there may be other costs to you. If you are joining the course which has a professional body accreditation you may be required to pay membership or examination costs. For details of these costs, please click on the link below.
Based on the past experience of our students, you might find it helpful to set aside about £50 for each year of your studies for your personal stationery and study materials. All our students are provided with 100 free pages of printing each year to a maximum total value of £15.
This course requires certain additional costs to our aligned institutions:
Search our Frequently Asked Questions for a range of information about our courses and studying here.
We offer further information on possible postgraduate financial support. This includes the type of loans, grants and scholarships available both from the government and from Birmingham City University.
Did you know that you will soon be able to apply for a postgraduate loan of up to £10,000 for some courses and options?
Risk Management Concepts
This module provides you with the opportunity to explore the basic principles of risk management and the role of insurance within these principles.
Application of Risk Management
This module explores the impact of the external environment on the risks faced by organisations. It examines issues relevant to specific sectors and geographical areas, and the needs and demands of various stakeholder groups, including regulatory authorities.
Insurance concepts laws and processes
This module will provide you with the knowledge and understanding of the laws which form the background to the operations of insurance. By the end, you will understand the practical applications of the laws in the operations of insurance and the systems required to administer them.
By the end of this module you will be able to analyse and evaluate how an insurance operation is managed.
Strategic Risk Management in Insurance
This module will allow you to explore strategic decision making within the context of insurance, and demonstrate how advances in risk management have improved the strategic options available to organisations.
You will have the choice between two subjects for this module - Underwriting Practice or Claims Practice
The aim of these option modules is to develop you into become an expert in the field of either Underwriting Practice or Claims Practice, developing your knowledge and requiring you to challenge current wisdom with a view to suggesting novel and innovative approaches.
Economics, Business and Risk Management in Insurance
The module will provide an understanding of relevant economic concepts, the interaction with accounting and their application to the insurance business. You should appreciate the impact of ethics, corporate governance and risk management on the insurance business and its environment.
Insurance Market Specialisation Research Project
This is a research project in an area of insurance and risk of your own choice.
Qualifications achieved at the end of each year:
This course is offered as a distance learning option, enabling you to study at a time that suits you. Delivery of course materials is done through our e-learning platform, Moodle. Supporting materials are made available via email.
If you’re an international student, you can sit your examinations at your British council offices for a fee payable locally of around £100 per examination.We encourage your communication and confidence with active learning methods, such as group work, seminars, debates and quizzes.
You will have in-depth look at risk management and insurance concepts, combining risk and insurance to provide an effective understanding of how both in strategic management and organisation management, as well as a wide range of internal audit techniques. These topics will help you become ingrained in successful audit and business management.
You could consider studying a Master’s course in Risk Management.
Graduates can progress to complete a PhD in a related area of risk management and insurance management.
All assignments are grounded in real working organisations, allowing you to apply your knowledge into a real working environment. The majority of students enrolling on this course will already be in employment, although not necessarily in the area of insurance risk management.
You will be encouraged to use your own organisations in the consideration of topic areas thus increasing their profile within that organisation.
Should this prove difficult the team has a strong track record of working with individual students to provide either case studies and / or internships which can also be utilised.
OpportUNIty: Student Jobs on Campus ensures that our students are given a first opportunity to fill many part-time temporary positions within the University. This allows you to work while you study with us, fitting the job around your course commitments. By taking part in the scheme, you will gain valuable experiences and employability skills, enhancing your prospects in the job market.
It will also allow you to become more involved in University life by delivering, leading and supporting many aspects of the learning experience, from administration to research and mentoring roles.
Birmingham City University is a vibrant and multicultural university in the heart of a modern and diverse city. We welcome many international students every year – there are currently students from more than 80 countries among our student community.
The University is conveniently placed, with Birmingham International Airport nearby and first-rate transport connections to London and the rest of the UK.
Our international pages contain a wealth of information for international students who are considering applying to study here, including:
International students who have a serious interest in studying with us but who perhaps cannot meet the direct entry requirements, academic or English, or who have been out of education for some time, can enter Birmingham City University International College (BCUIC) and begin their degree studies.
BCUIC is part of the global Navitas Group, an internationally recognised education provider, and the partnership allows students to access the University’s facilities and services and move seamlessly through to achieving a Bachelor’s degree from Birmingham City University.
We are constantly investing in our estate and are currently in the process of spending £260 million on new learning facilities.
This course is based at our City Centre Campus – and specifically The Curzon Building, alongside other Social Sciences, Law, Business and English students.
The £63m building offers students a unique social learning space, including a dedicated student hub incorporating student support services, in the heart of Birmingham’s Eastside development.
The Business floors house an extensive number of IT facilities, breakout areas, and specialised rooms. The Marketing Link Agency is designed to replicate a modern marketing firm, allowing students to get real-life experience of working in the marketing sector. There is also the City Trading Room, which features state of the art stock market tracking equipment, keeping you up to date with all the financial comings and goings of the London Stock Exchange and Wall Street.
The Curzon building is also conveniently close to Birmingham’s business and financial centre, allowing for strong links between your studies and the real world.
Balvinder Plaha joined Birmingham City University in 2015 and currently teaches the finance and corporate governance modules on the MSc Internal Audit, Governance and Risk Management and risk response and risk leadership on the MSc Risk Management course.