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Insurance and Risk Management

Does the management of risk and probability of occurrence of disasters fascinate you? Do you have an eye for complexity, and a head for figures? Are you analytical, focused, with good attention to detail? Are you a good communicator with excellent people skills? If so, this field may be for you.

Wits is unique in offering professional development in this field outside of actuarial science studies.  There is a high demand for graduates with this knowledge in senior management positions within this industry. As financial service organisations broaden their products and services in the market, demand for this specialisation is spreading into other industries such as banking and medical aid.

Would you make a good Insurance and Risk Management professional? 

If you have several of the following interests, qualities and attributes, you might consider studying insurance and risk management: 

  • Excellent analytical and problem solving skills
  • An affinity for complexity
  • A high degree of proficiency in mathematics
  • Focus and great attention to detail
  • Strong interpersonal and people skills
  • Effective communication skills – verbal and written
High Level Curriculum

In Insurance and Risk Management, you are taught the theory of managing risk, short-term insurance, understanding insurance contracts and products, life insurance, retirement funding and health insurance. Risk management itself refers to the way that risks are identified, assessed and prioritised, and the means used to minimize, monitor and control the threat that unfortunate events can pose.

Building a strong major combination for Insurance and Risk Management

Insurance and Risk Management is a strong major combination with FinanceEconomicsManagement and Law