Insurance and Risk Management - MSc

  • Level: Postgraduate Taught
  • Starting: September 2020
  • Study mode: MSc - Distance Learning
  • Location: City Centre

Want to study a Master’s in risk management? Our part time MSc Insurance and Risk Management course allows you to learn and earn at the same time.

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.

What's covered in the course?

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.

Why Choose Us?

  • Earn and learn at the same time
  • The course has a strategic focus rather than operational
  • You will be taught by an established team with over 20 years’ experience of delivering risk based courses.
  • The Centre prides itself on its extremely high pass rates.
  • We get to know our students as individuals and support their specific needs, or can signpost them to other areas of the University that can provide additional, complimentary support.
  • Our course is delivered with flexible distance learning, so you can fit your studies alongside work and personal commitments.
  • We use real live international case studies to facilitate learning and bridge the gap between theory and practice. 
  • Exceptional value for money

Find out more

Students outside Millennium Point

Open Days

Our next Open Day for this course will take place on Sunday 24 November. Register your interest and we'll send an email update nearer the time. Visit us to see our facilities and speak to our staff and students.

Book your place

This course is open to International students

Birmingham City Business School

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Visit our School site for more student work and extra information.

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Campus Tours - Postgraduate

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

Entry Requirements

Essential Requirements
Typical Offers (UK Students)

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.

Additional information for EU/International students
Essential

Applications from international applicants with equivalent qualifications are welcome. Please see your country page for further details on the equivalent qualifications we accept.

In additional to the academic entry requirements listed above, international and EU students will also require the qualifications detailed in this table.

English language requirements 2020/21
IELTS

6.0 overall with 5.5 minimum in all bands

If you do not meet the required IELTS score, you may be eligible for one of our pre-sessional English courses. Please note that you must have a Secure English Language Test (SELT) to study on the pre-sessional English course. More information.

Other accepted qualifications Visit our English language page
International Students

Entry requirements here

International Students

Don't meet our entry requirements? You could apply for courses at our International College.

Apply now

  • UK/EU students
  • International students

Award: MSc

Starting: Sep 2020

  • Mode
  • Duration
  • Fees
  • Year 1 (60 credits) £2,900
  • Year 2 (60 credits) £2,900
  • Year 3 (60 credits) £2,900

Fees for part-time students

Several undergraduate degrees are available on a part-time study basis. These are usually studied over five or six years with fees due based on credit requirements each year.

Award: MSc

Starting: Sep 2020

  • Mode
  • Duration
  • Fees
  • Year 1 (60 credits) £4,300
  • Year 2 (60 credits) £4,300
  • Year 3 (60 credits) £4,300

Fees for part-time students

Several undergraduate degrees are available on a part-time study basis. These are usually studied over five or six years with fees due based on credit requirements each year.

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 up to a maximum of five per cent.

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.

Personal statement

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:

Your passion and motivations

Studying a postgraduate course usually means you want to specialise in something. So what’s driving you?

Why this course?

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.

What makes you a good postgraduate candidate?

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.

Relevant academic or work experience

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

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Additional costs

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.

Find additional costs for your course

Organisational Costs

This course requires certain additional costs to our aligned institutions:

  • Institute of Risk Management (for the International Certificate in ERM) - www.theirm.org
  • Chartered Insurance Institute - CII.co.uk 

Financial Support

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 £10,906 for some courses and options?

Postgraduate loans

Modules

In order to complete this course a student must successfully complete all the following CORE modules (totalling 160 credits):

Risk Management Concepts
20 credits

This module provides students with the opportunity to explore the basic principles of risk management and the role of insurance within these principles.

Application of Risk Management
20 credits

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
20 credits

The specific programme learning outcome applicable for this module is to provide students with the knowledge and understanding of the laws which form the background to the operations of insurance. The students should understand the practical applications of the laws in the operations of insurance and the systems required to administer them.

Organisational Management in Insurance
20 credits

By the end of this module the students should be able to analyse and evaluate how an insurance operation is managed.

Strategic Risk Management in Insurance
20 credits

The specific programme learning outcome applicable for this module is to allow students 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.

Business and Risk Management in Insurance
20 credits

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
40 credits

As this is a research project of the students’ choice in the area of insurance and risk, any/all of the programme learning outcomes can apply depending on the area that the student has chosen. It will be the responsibility of the student and their allocated mentor to identify which programme learning outcomes relate to the research project.

In order to complete this course a student must successfully complete at least 20 credits from the following indicative list of OPTIONAL modules:

General Insurance - Underwriting Practice
20 credits

The aim of this option module is to develop the student to become an expert in the field of Underwriting Practice, developing their knowledge and requiring them to challenge current wisdom with a view to suggesting novel and innovative approaches. As such the module will contribute to all the learning outcomes of the programme to a greater or lesser extent.

General Insurance: Claims Practice
20 credits

The aim of this option module is to develop the student to become an expert in the field of Claims Practice, developing their knowledge and requiring them to challenge current wisdom with a view to suggesting novel and innovative approaches. As such the module will contribute to all the learning outcomes of the programme to a greater or lesser extent.

 
All core modules are guaranteed to run. Optional modules will vary from year to year and the published list is indicative only.

Qualifications achieved at the end of each year:

  • Year One – Postgraduate Certificate (60 Credits)
  • Year Two – Postgraduate Diploma (120 Credits)
  • Year Three – Masters (MSc) (180 Credits)
Distance Learning

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.

Further Study

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

OpportUNIty Student Ambassador

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:

Birmingham City University International College (BCUIC)

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

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.

Learn more about BCUIC

Curzon facilities eatery
Curzon facilities staircase
Curzon facilities student hub

Our Facilities

We are constantly investing in our estate and are currently in the process of spending £340 million on new learning facilities.

The Curzon Building

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.

The Curzon Building also features:

  • An impressive new library with access to over 65 million full text items and stunning views of Eastside City Park
  • Your Students’ Union which is located in a beautifully restored 19th century pub, The Eagle and Ball
  • A modern 300-seat food court with space to study and socialise
  • Brand new, accessible IT facilities with full Office365 for all students for free
  • Shared facilities with the wider campus including the recently opened Parkside Building and Millennium Point

Dr Andy Hollyhead

Associate Professor

Andy Hollyhead joined the University in 2003 after 15 years in industry in a number of large organisations, including roles as business systems analyst and project manager. He is part of the Centre for Internal Audit, Governance and Risk Management.

Full Profile

Alan Robson Profile Picture July 2016

Alan Robson

Associate Professor

Alan Robson graduated in 1985 with one of the first Information Systems degrees in the country, before moving directly into lecturing. He joined Birmingham City University in 1986 as a lecturer in computer programming and systems analysis, and in April 2009 he joined the Centre for Internal Audit, Governance and Risk Management.

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Balvinder Plaha Profile Picture 150x100

Balvinder Plaha

Senior Lecturer, Program Leader for Chartered Manager Degree Apprenticeship and MSc Insurance and Risk Management

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.

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