Start main page content
Faculty of Commerce, Law and Management
Insurance and Risk Management The Bachelor of Commerce with Honours in the field of Business Sciences (Insurance and Risk Management) is a 1 year full-time or 2 years part-time degree.
Insurance and Risk Management The Bachelor of Commerce with Honours in the field of Business Sciences (Insurance and Risk Management) is a 1 year full-time or 2 years part-time degree.

Qualification: BCom(Hons)

School: Business Sciences

Faculty: Commerce, Law and Management

Duration: 1 - 2 years

Study mode: Full-time; Part-time


The Discipline of Insurance and Risk Management is informed by the four key areas in which risk is manifest, namely the risk of loss or damage to property; injury, loss or death to people; illness; and living too long.

Insurance and Risk Management teaches the theory of managing risk, short-term insurance, life insurance, retirement funding and medical insurance. Conceptually these areas are underpinned by the economic theory of risk and insurance, to which a substantial portion of the third year course is devoted. We build on this theory in our post-graduate courses.

The division has a well-established research track record in various areas, particularly decision theory, the theory of taxation, insurance law and insurance policies.

The programme comprises of the following courses:

Compulsory courses:
Research Paper in Business Sciences (10 000 words)
Advanced Insurance & Risk Management

In addition, the candidate must choose three of the following elective courses:

  • Advanced Financial Risk Management *
  • Advanced Specialised Insurance
  • Reinsurance
  • Advanced Liability Insurance and Risk Management

*PLEASE NOTE: FINANCE III (or equivalent) is a pre-requisite for ADVANCED FINANCIAL RISK MANAGEMENT if taken in Insurance and Risk Management Honours

  • Bachelor of Commerce or Bachelor of Economic Science or equivalent.
  • At least an upper second class pass in the final undergraduate course in the subject.
Additional Entry Requirements

Honours application supporting documents needed:

1. Certified copy of your degree certificates
2. Certified copy of academic transcripts as well as grade key
3. All certificates need to be transcribed to English if in another language.
4. SAQA evaluation (International applicants)
5. Proof of English proficiency (International applicants)
6. Curriculum Vitae

  • Applications are handled centrally by the Student Enrolment Centre (SEnC). Once your application is complete in terms of requested documentation, your application will be referred to the relevant School for assessment. Click here to see an overview of the Wits applications process.
  • Please apply online. Upload your supporting documents at the time of application, or via the Self Service Portal.
  • Applicants can monitor the progress of their applications via the Self Service Portal.
  • Selections for programmes that have a limited intake but attract a large number of applications may only finalise the application at the end of the application cycle.

Please note that the Entry Requirements are a guide. Meeting these requirements does not guarantee a place. Final selection is made subject to the availability of places, academic results and other entry requirements where applicable.

International students, please check this section.

For more information, contact the Student Call Centre +27 (0)11 717 1888, or log a query at

Click here to see the current average tuition fees. The Fees Office website also provides information about the payment of fees and closing dates for fees payments. Once you have applied you will be able to access the fees estimator on the student self-service portal.

For information about postgraduate funding opportunities, including the postgraduate merit award, click here. Please also check your School website for bursary opportunities. NRF bursaries: The National Research Foundation (NRF) offers a wide range of opportunities in terms of bursaries and fellowships to students pursuing postgraduate studies. External bursaries portal: The Bursaries South Africa website provides a comprehensive list of bursaries in South Africa.