Bachelor of Commerce (Honours) in Insurance and Risk Management

Bachelor of Commerce (Honours) in Insurance and Risk Management

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Course information

Course title Bachelor of Commerce (Honours) in Insurance and Risk Management
Course code UBCOMFT
Postnominal B.Com. (Hons)(Melit.)
Level of qualification First Cycle
National Qualifications Framework level Level 6
Duration 1 Year
Mode of attendance Full-time
Total ECTS credits 60
Coordinator Simon Grima
Delivered by Faculty of Economics, Management and Accountancy
The Bachelor of Commerce (Honours) Insurance and Risk Management degree is open to students who successfully complete the three years of the course leading to the Bachelor of Commerce degree with one Major being Insurance and Risk Management. To proceed to this level students must have at least received a Category II classification for the award of the Bachelor of Commerce, in Insurance.

The degree is a strong course both in theory and practice aimed at developing the knowledge and skills in our graduates. The main focus is to prepare students for the real world, specifically focussing on Financial Services. Graduates, will be able to work in all areas of insurance, internal controls and risk management services, both locally and abroad.

The Insurance and Risk Management programme is revised each year to ensure that it remains relevant and up-to-date with recent developments in the financial markets. It provides students with an excellent background with which to proceed to an M.Sc., M.A. or M.B.A. in any Insurance, Risk Management, Financial Management and Actuarial Studies programme.

The goal is to prepare professionals for the risk and insurance industry in both the private and public sectors, by offering insights into today’s challenging and complex world, by formal education (i.e. quality teaching aimed at developing quality graduates who provide tangible contributions to the organisations that employ them) and informal education (internships, field trips and Simulation games).

Moreover, this programme strives towards excellence by promoting research in industry and tackling real-world matters. Our vision is to translate state-of-the-art research into business tools that risk and insurance professionals can implement to make better decisions.
Students who successfully complete Part One of the Course by obtaining 180 credits may opt to proceed to Part Two of the Course which comprises the fourth year leading to the degree of Bachelor of Commerce (Honours) if they have successfully completed Part One of the Course and have been placed in Category II or better in the classification for the award of the Bachelor of Commerce.

Students who do not complete Part Two shall be awarded the degree of Bachelor of Commerce, classified according to the criteria indicated in the course bye-laws.

The admission requirements are applicable for courses commencing in October 2018.

For more detailed information pertaining to admission and progression requirements please refer to the bye-laws for the course available here.

UM currently hosts over 1,000 full-time international students and over 450 visiting students. The ever-increasing international students coming from various countries, in recent years, have transformed this 400-year old institution into an international campus.

Our international students generally describe Malta as a safe place, enjoying excellent weather and an all-year varied cultural programme. Malta is considered as the ideal place for students to study.

The International Office at UM provides information about admission, English language requirements, and comparability of qualifications. Dedicated personnel assist international students with visas, health tests, accommodation and other related issues.

Local/EU/EEA Applicants: No fees apply

Non-EU/Non-EEA Applicants: Total Tuition Fee: Eur 8,500
Our graduates acquire a deep and broad understanding of all aspects of insurance and risk management, both theoretical and practical. Although, the focus is on financial services, this degree enables them to have rewarding careers in all sectors of the economy. Our students master the skills required to become effective executives and managers of various local and foreign public and private entities working in areas such as:

• Actuarial Science
• Risk Management
• Underwriting
• Claims Management
• Portfolio Management
• Investment Advise
• Brokerage
• Financial Regulations and Compliance
• Corporate Governance and Conduct
• Re-insurance
• Audit Management
• Compliance
• Insurance Asset and Liability Management
• Cyber Risk
• InsurTech

Students acquire the ability to think from first principles, to conduct solid research, to manage risk positions, and to offer sound advice and risk coverage to several different clients.
Undergraduates reading Insurance and one other major area of study offered in B.Com. by the Faculty of Economics, Management and Accountancy, and aspiring to find jobs in the growing insurance industry.
Our graduates find good jobs in a wide range of challenging opportunities in all sectors of the economy, local or foreign and both public and private.

The sectors of insurance and risk management are a growing sector in the Maltese economy and maybe the largest sector abroad. This augurs well in the creation of well-paid and challenging opportunities for our graduate students.

Our graduates will also have the possibility to distinguish themselves at Postgraduate level in local and foreign universities. The degree is recognised amongst others by the Chartered Institute of Insurance, The Federation of European Risk Managers and the Public Risk Management Organisation.
Click here to access the Programme of Study applicable from 2018/9.

Last Updated: 28 May 2018

The University makes every effort to ensure that the published Courses Plans, Programmes of Study and Study-Unit information are complete and up-to-date at the time of publication. The University reserves the right to make changes in case errors are detected after publication.
The availability of optional units may be subject to timetabling constraints.
Units not attracting a sufficient number of registrations may be withdrawn without notice.
Unless for exceptional approved reasons, no changes to the programme of study for a particular academic year will be made once the students' registration period for that academic year begins.