The M.Sc. in Insurance and Risk Management programme will equip you with all-round applied knowledge, experience and skills necessary to succeed in the volatile and constantly evolving fields of insurance and risk management.
The programme combines a practical approach to theory and creates a stimulating and challenging learning environment. The main aim of this postgraduate degree is for you to be ideally-positioned in order to build a successful career within the exciting and increasingly-complex business world, or utilise the tools learned in your existing career pathway.
In fact, the strength of this programme lies in its unparalleled cross-disciplinary treatment of the latest conceptual and methodological developments within Insurance and Risk Management, drawing on expertise and knowledge from various fields of study, while at the same time demonstrating how these ideas relate to diverse real-world settings through exposure to applied research and case studies.
Ultimately, this programme is designed to enable you to think and analyse critically and develop a proactive, strategic attitude to decision-making. This in turn will equip you with the necessary tools and frame of mind to excel in your chosen career path, be it as high-ranking analysts or managers within your chosen industry or as PhD students with novel, relevant research agendas, both locally and abroad.
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Year   (This/these unit/s start/s in Semester 1 and continue/s in Semester 2) | |||||
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Compulsory Units (All students must register for this/these unit/s) | |||||
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INS5011 | Advanced Insurance Practices | 10 ECTS   |   | ||
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Compulsory Units Block 1 - Financial Planning ONLY | |||||
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INS5017 | Advanced Commercial Lines | 5 ECTS   |   | ||
INS5018 | Advanced Personal Lines | 5 ECTS   |   | ||
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Elective Block 2 – Governance, Risk Management and Compliance ONLYElective Units (Elective units are offered subject to availability, a minimum number of student registrations and time-table constraints) | |||||
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INS5017 | Advanced Commercial Lines | 5 ECTS   |   | ||
INS5018 | Advanced Personal Lines | 5 ECTS   |   | ||
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Semester 1 | |||||
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Compulsory Units (All students must register for this/these unit/s) | |||||
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INS5009 | Risk Management Theory and Practice | 5 ECTS   |   | ||
INS5014 | Applied IRM Research Techniques | 5 ECTS   |   | ||
INS5022 | Advanced Enterprise Risk Management | 5 ECTS   |   | ||
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Compulsory Units Block 1 - Financial Planning ONLY | |||||
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INS5007 | Risk Management in Emerging Technologies | 5 ECTS   |   | ||
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Compulsory Units Block 2 - Governance, Risk Management and Compliance ONLY | |||||
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INS5007 | Risk Management in Emerging Technologies | 5 ECTS   |   | ||
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Block 2 – Governance, Risk Management and Compliance ONLYElective Units (Elective units are offered subject to availability, a minimum number of student registrations and time-table constraints) | |||||
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INS5004 | Geopolitical and Environmental Risk | 5 ECTS   |   | ||
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Compulsory Units Block 3 – Quantitative Risk Management ONLY | |||||
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INS5019 | Applied Corporate Finance | 5 ECTS   |   | ||
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Elective Block 3 – Quantitative Risk Management ONLYElective Units (Elective units are offered subject to availability, a minimum number of student registrations and time-table constraints) | |||||
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INS5006 | Risk Transfer Accounting | 5 ECTS   |   | ||
ISR5034 | Information Security Risk Management - Strategic, Tactical and Operational Instruments | 5 ECTS   |   | ||
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Semester 2 | |||||
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Compulsory Units (All students must register for this/these unit/s) | |||||
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INS5028 | EU Risk Governance Regulation | 5 ECTS   |   | ||
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Compulsory Units Block 1 - Financial Planning ONLY | |||||
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INS5008 | Applied Alternative Risk Transfer | 5 ECTS   |   | ||
INS5025 | EU Pension Funds and Products | 5 ECTS   |   | ||
INS5027 | Environmental, Social and Corporate Governance (ESG) | 5 ECTS   |   | ||
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Compulsory Units Block 2 – Governance, Risk Management and Compliance ONLY | |||||
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INS5010 | Governance, Regulations and Compliance Management | 5 ECTS   |   | ||
INS5027 | Environmental, Social and Corporate Governance (ESG) | 5 ECTS   |   | ||
MGT5919 | Psychology of Risk | 5 ECTS   |   | ||
PPL5102 | Business Continuity Planning | 5 ECTS   |   | ||
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Block 2 – Governance, Risk Management and Compliance ONLYElective Units (Elective units are offered subject to availability, a minimum number of student registrations and time-table constraints) | |||||
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ACC5299 | Managerial Auditing | 5 ECTS   |   | ||
INS5000 | Governance, Risk and Compliance (GRC) | 5 ECTS   |   | ||
INS5020 | Applied Ethical Behaviour | 5 ECTS   |   | ||
INS5026 | Public Risk Management | 5 ECTS   |   | ||
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Compulsory Units Block 3 – Quantitative Risk Management ONLY | |||||
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INS5008 | Applied Alternative Risk Transfer | 5 ECTS   |   | ||
INS5029 | Advanced Econometrics for Risk Management | 5 ECTS   |   | ||
INS5030 | Derivatives | 5 ECTS   |   | ||
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Elective Block 3 – Quantitative Risk Management ONLYElective Units (Elective units are offered subject to availability, a minimum number of student registrations and time-table constraints) | |||||
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INS5024 | Managing Risk in Complex Markets | 5 ECTS   |   | ||
INS5031 | Practical Stochastic Asset Liability Modelling | 5 ECTS   |   | ||
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Summer Semester | |||||
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Compulsory Units (All students must register for this/these unit/s) | |||||
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EMA5922* | Dissertation | 30 ECTS   |   | ||
* Work on the dissertation is expected to start in Semester 1 of academic year 2023-24 and continue up to the end of the course.   |
This programme of study is governed by the General Regulations for University Postgraduate Awards, 2021 and by the Bye-Laws for the award of Master of Science in Insurance and Risk Management - M.Sc. - under the auspices of the Faculty of Economics, Management and Accountancy.Extra study-units cannot substitute compulsory, elective or optional study-units that form part of the official Senate-approved programme of studies, and do not count towards the Year Average Mark or towards the Final Weighted Average Mark.Year 1INS5021 University and Technical Experiences – 5 ECTSConditions and criteria for Extra study-units.