Master of Science in Insurance and Risk Management
University of Malta
Information last verified July 2026
Program Overview
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. 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
Career Opportunities
Insurance and Risk Management present opportunities to work almost anywhere in the world, with numerous opportunities in Malta and in major countries and cities. The global economic environment is characterised by growing uncertainties and challenges, meaning that there has never been a better time to venture into the world of insurance and risk management, with growing demand for these skills and knowledge across several industries and business sectors. Some risk and insurance positions require the professional to be өn the fieldԠmeeting clients or examining facilities; some are more quantitative in nature; while others require leadership skills as part of complex, international projects. Whatever your preferences, you are sure to find a stimulating and interesting career to suit your needs, with often generous remuneration packages. Career pathways include but are not limited to : Claims Investigator, Loss Prevention Field Representative, Risk Manager/Analyst, Sales Agent/Broker, Underwriter (Risk Selection), Marketing Representative, Customer Service Representative, Information Technology, Health, Product Development, Finance/Accounting, Management Executive, Investment Advisors, Portfolio Advisors, Portfolio Managers, Actuary professionals. Professional Organisations There are numerous professional organizations associated with specific disciplines within the industry. In fact this course is endorsed by the Malta Institute of Insurance (MIA), The Malta Association of Risk Management (MARM), The Malta Association of Compliance Officers (MACO), The Public Risk Management Organisation (PRIMO) and The Federation of European Risk Managers (FERMA) amongst others. Moreover, students are able to ask for exemptions from the Advanced Chartered Diploma in Insurance (ACII) and are allowed to sit for the professional RIMAP exam organised by The Federation of European Risk Managers (FERMA).
Program Curriculum
Year 1 Students are required to obtain a total of 90 ECTS credits over a period of 3 semesters of full-time study. In addition to the compulsory study-units (taught, 20 ECTS credits) and the dissertation (30 ECTS credits), students will be required to register for 40ECTS credits from ONE of the Elective Blocks 1, 2, 3 or 4 as directed by the Board. The Elective Blocks are: Block 1 - Financial Planning Students are required to obtain all study-units within this block which amount to 40 ECTS credits. Block 2 – Governance, Risk Management and Compliance Students are required to obtain all study-units within this block which amount to 40 ECTS credits. Block 3 – Quantitative Risk Management Students are required to obtain all study-units within this block which amount to 40 ECTS credits. Block 4 – Behavioural Risk Management Students are required to obtain all study-units within this block which amount to 40 ECTS credits. Year and Summer Semester Compulsory Units (All students must register for this/these unit/s) EMA5922 Dissertation 30 ECTS Year (This/these unit/s start/s in Semester 1 and continue/s in Semester 2) Compulsory Units Block 1 - Financial Planning ONLY INS5011 Advanced Insurance Practices 10 ECTS INS5017 Advanced Commercial Lines 5 ECTS INS5018 Advanced Personal Lines 5 ECTS Compulsory Units Block 2 - Governance, Risk Management and Compliance ONLY INS5018 Advanced Personal Lines 5 ECTS Compulsory Units Block 3 - Quantitative Risk Management ONLY INS5005 Actuarial Financial Mathematics 10 ECTS Compulsory Units Block 4 - Behavioural Risk Management ONLY INS5002 Investments, Wealth Management and Risk Performance Coaching 10 ECTS INS5018 Advanced Personal Lines 5 ECTS Semester 1 Compulsory Units (All students must register for this/these unit/s) INS5009 Risk Management Theory and Practice 5 ECTS INS5014 Applied IRM Research Techniques 5 ECTS INS5022 Advanced Enterprise Risk Management 5 ECTS Compulsory Units Block 1 - Financial Planning ONLY ISR5035 Portfolio
Admission Requirements
Applicants must be in possession of: Refer to the list of country-specific qualifications the degree of Bachelor of Commerce (Honours) in Insurance and Risk Management obtained with at least Second Class Honours or the Advanced Diploma in Insurance awarded by the Chartered Institute of Insurance (UK.) or the degree of Bachelor of Commerce with Insurance as one of the two main areas of study, obtained with at least Category II or a degree with at least Second Class Honours or Category II, in any other area deemed relevant by the Board of Studies, provided that applicants in possession of a degree with at least a Third Class Honours or Category III may also be considered. Applicants in possession of the degree with Third Class Honours or Category III shall be allowed to proceed to the research component subject to the attainment of an average mark of at least 55% in the taught component or a qualification deemed by Senate, on the recommendation of the Board of Studies, to be comparable to the qualifications listed in paragraphs (a), (b) and (c). Applicants in possession of the Postgraduate Diploma in Financial Regulation and Compliance may be allowed to join the research component of the Course. Students admitted under paragraphs (d) and (e) and under the above paragraph may be required to follow and pass supplementary study-unit/s, as recommended by the Board of Studies, to which a maximum of 12 ECTS credits are assigned, in addition to the programme of study. The admission of applicants under paragraph (d) and if necessary paragraph (e), may be made conditional on the result of an interview conducted for the purpose. You are viewing the entry requirements for International applicants. Switch to Local qualifications. You can submit your application online . The deadlines for submission of applications vary according to the intake and courses. We encourage all international applicants to submit their applications as soon as possible. This is especially important if yo
Tuition & Financial Information
Tuition Fee
€10,800 (Non-EU)
About University of Malta
University of Malta
Msida, Malta
TheUniversity of Malta(Maltese:L-Università ta' Malta;UM; formerlyUOM) is apublic research universityin the towns ofMsidaandValletta, Malta. It serves as theflagshipandnational universityof...
University Profile- Start Date October
- Language English
- Duration 2 years
- Credits 90
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