Diploma in Insurance and Risk Management Details

Diploma in Insurance and Risk Management

Course Overview

Insurance and Risk Management diploma programme is designed to provide specialized training to investigate insurance claims, market and sell insurance products, manage risk in securities, banks and insurance underwriting. The programe has been developed specifically to prepare students fit variety of opportunities in the insurance field including vehicle insurance, marine insurance and risk management. This programme will provide opportunities to students to interact with industry professionals with direct industry work experience. Graduates of the diploma in Insurance and Risk Management program are prepared for engaging careers in a variety of fields in private and government sector.

What you'll study

Semester I

Basic Insurance Practice
Basic Short Term Insurance
Essentials of risk management
Basic Insurance Agency Management
Elements of Business Mathematics and Statistics
Elementary Business Communication

Semester II

Elements of Micro-Insurance
Basic Bancassurance Practice
Basic Health Insurance
Basic Insurance Regulation
Basic Computer Application
Elements of Commerce

Semester III

Fundamentals of Insurance
Fundamentals of Risk Management
Introduction to Mathematics and statistics
Communication skills and Office Practice
Principles of Accounting
Elements of Economics

Semester IV

Insurance Intermediary
Insurance Underwriting Process
Introduction to Long Term Insurance
Introduction to General Insurance
Introduction to Travel Insurance
Introduction to Computer Application
Practical Training

Semester V

Fundamentals of Management
Fundamentals of Business law
Customer Service in Insurance
Household Insurance
Principles of Motor Insurance
Insurance Underwriting Process

Semester VI

Insurance Claims Handling Process
Fundamentals of Health Insurance
Tanzania Insurance Market
Fundamental of Entrepreneurship
Insurance, Legal and Regulations
Principles of Banking operations

Entry Requirements

Form IV (3 Years Programme)

Certificate of Secondary Education Examination (CSEE) with four (4) D passes and above in non-religious subjects or NVTA Level 3, or Any equivalent qualification.

Form VI (2 Years Programme)

Advanced Certificate of Secondary Examination (ACSEE) with One Principal Pass and One Subsidiary Pass

What you'll experience

Identifying risk management policy and processes
Pinpointing all risk exposures
Practical Assessing risk management and financing alternatives as well as external conditions in the insurance markets
Evaluating property value by different methods, such as book value, market value, reproduction cost, and replacement cost
Developing risk management alternative tools (such as loss-control techniques) based upon cost-benefit analysis or insurance
Evaluating the potential causes of loss that can affect the firms’ property, including natural disasters (such as windstorms, floods, and earthquakes).

Careers and opportunities

Loss Control Specialist
Claims Adjuster, Examiners, and Investigators
Risk Analyst, Manager
Underwriter

Teaching methods

Teaching methods on this course include:

Lectures
Tutorials
Practical work and group discussions

How you're assessed

You’ll be assessed through:

Classroom Tests
End of Semester Examination
Technical reports
Written exams
Presentations
Competence tests
Group discussions
Assignments

Course costs

Registration (IAA) 20,000/=

Examination (IAA) 70,000/=

Application Form (IAA) 10,000/=

Wear and Tear 20,000/=

IAASO 20,000/=

STUDENT ID 3,000/=

NON CITIZEN

EAC US$ 700

SADC US$750

Others US$780

How to Apply

Institute of Accountancy Arusha admission cycles are normally guided by two regulatory authorities which are The National Council for Technical Education (NACTE) and The Tanzania Commission for Universities (TCU). If you apply to IAA, you will be following provisions as set forth by the mentioned authorities.

Different programmes have different entry requirements. You can visit our programme page to see entry requirement for different programmes or be sure to read thoroughly the TCU admission guide book and the NACTE admission guide book.

We consider each applicant and put enormous care into evaluating every application. We hope you will explore the information in this section to understand what we look for in our admissions process

Fee 900,000/=
Duration 3 Years(Form IV), 2 Years (Form VI)
Language English
Mode of Study Full Time
Intakes October and March Intake

Diploma in Insurance and Risk Management Details