B.Sc. in Insurance & Risk Management


The world is becoming more and more business oriented as demonstrated by the multiplicity of large and small size businesses. These businesses acquire and use new technologies which are very much open to varied categories of risks, a phenomenon which is almost unavoidable. Management of risk is now a key issue for all major businesses. Risk takes many forms: fluctuations in currencies, interest rates and commodity prices; threats to physical assets from earthquake, windstorm and other natural perils; man-made threats of terrorism, fraud and criminality. These are in addition to the host of operational and financial risks that surround all commercial enterprises.

The Insurance and Risk Management program of CUIB exemplifies the neighbourhood concept which entails being one another’s keeper (sharing in the grief and joy of others) as it provides guarantee for restoration in times of loss. This is strongly inbuilt in the EoC paradigm that insists on the need to put the human person at the centre of economic activity before profit.

Premising from the above concepts, the B.Sc. in  Insurance and Risk Management programme is a well- established course that explores the multi-faceted world of risk management and reflects the growing interplay between insurance, risk management and financial services. The programme combines a practical approach with sound theory to create a learning experience that is both challenging and stimulating. Also, the philosophy of the programme is to prepare professional Insurance Practitioners and Risk Managers with moral and spiritual values to contribute to the sustainable development of their communities and to create an environment that demands the pursuit of excellence.


The main objective of the programme is to train academic and professional persons equipped with insurance theories and methodological techniques as well as managerial, financial, actuarial and management skills that have objective validity for solving human problems in the various sectors of the national, regional and global economy.

It aims to provide students in the nation and the region business accumen that develop a strong foundation for successful employment and opportunities for advancement in a rapidly changing global environment.

As a community partner, the programme is committed to meeting the life-long learning needs of management education of people in the country, region and beyond.
The programme also aims at producing students with a solid backgrounds in insurance and risk management.


Graduates of this programme have a wide range of career opportunities open to them in the various domains of the public and private sectors of any space economy as listed below:

  • Insurance Underwriting
  • Actuaries
  • Risk Analysts
  • Insurance Agents
  • Stock Brokers
  • Risk Managers
  • Insurance Appraisers/Investigators
  • Claims/Loss Adjusters/Examiners
  • Marketing Representatives
  • Consultants
  • Financial planners
  • Market researcher
  • Insurance investigator

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