In this post, we will provide you with the approved JAMB Subject Combination for Insurance and Risk Management. Additionally, depending on your academic level, you will also need to meet the O’Level and Direct Entry Requirements. If you are an O’Level student, we can assume you have completed any of the WAEC, NECO, or NABTEB, while the other qualifications could be A’Level, National Diploma (ND), or Higher National Diploma (HND).
Insurance and Risk Management is a very good course to study and can also be broad as well. What you were introduced to was just a fraction as you will later find out that there are lot to explore as a student of the course.
What is Insurance and Risk Management?
Insurance and Risk Management are two separate fields. Insurance and risk management are ways to protect yourself from financial problems. Insurance is like an arrangement where you pay a certain amount, and in return, a company promises to help you if something bad happens, like an accident or an illness. Risk management is about figuring out what might go wrong and finding ways to avoid or handle those problems. It’s like planning ahead to keep things safe and secure.
Why should I Study Insurance and Risk Management?
Passion is overrated most of the time, the major reason why students go for a particular course is usually due to its employment opportunity and fortunately, the course could be counted upon. The insurance industry is a big one and is predicted to continue to grow yearly which means that if you are a graduate of the course, you could become a hot commodity that establishments like banks, financial institutions, brokerage firms, and insurance companies could be looking for.
Another reason why you should study Insurance and Risk Management is due to its stability. The economy will keep going up and down, which means every few years, some people could lose their jobs when the economy is down but there will still be a need for insurance which implies that your job would still be safe.
Lastly, it is not a boring job as you can always expect each day to come with different challenges and experiences.
Note: Please be aware that the requirements listed below may vary in some schools. In such cases, it is recommended to refer to the PDF version of the JAMB Brochure for accurate information.
O’Level Requirements to Study Insurance and Risk Management
To study Insurance and Risk Management, you must have obtained Five (5) SSCE credit passes, including English Language, Mathematics, and Economics, plus any two (2) of Accounting, Business Methods, Commerce, Government, Geography, and Statistics. Applicants can combine results to make up the minimum requirements of two sittings except the school specifies only one sitting.
Direct Entry Requirements to Study Insurance and Risk Management
- Two (2) A Level passes chosen from Economics, Accounts, Business Management, Government, Geography or Statistics
- National Diploma (ND) or Higher National Diploma (HND) in relevant programmes with either an upper or lower credit respectively.
Jamb Subject Combination for Insurance and Risk Management
- English
- Mathematics
- Economics
- One other subject
Universities that Offer Insurance and Risk Management
- ESUTECH: Enugu State University of Science and Technology (Enugu State, Nigeria).
FREQUENTLY ASKED QUESTIONS
Is Insurance and Risk Management a Commercial or Art course?
Insurance and Risk Management is basically a commercial course. In most Nigerian Universities, it falls under the Faculty of Administration, not Arts. However, it can still be studied by an Art Student but it will largely depend on the subjects taken in the SSCE.
Can Science Students Study Insurance and Risk Management?
Science students who want to make a change will be able to study Insurance and Risk Management. However, This will depend on whether they meet the subject requirements in their SSCE.
What Jobs can I apply for after studying Insurance and Risk Management?
A degree in Insurance and Risk Management can open up various career paths for you. The following are the various positions you can apply for – Risk Manager, Underwriter, Insurance sales agent, Loss control consultant, Compliance officer, Accountant, Risk Consultant, Insurance Analyst, and Sales Manager.
How many years does it take to Study Insurance and Risk Management?
It takes a minimum of 4 years to earn a degree in Insurance and Risk Management. However, if you are a direct entry student, this should take at least 3 years since you are more likely to start from the 200 Level.
What is the cut off mark for Insurance and Risk Management?
Students who score at least a minimum of 140 in the JAMB UTME are eligible to participate in the POST UTME as part of the requirements for applying to study Insurance and Risk Management in their chosen universities.
Note: Note that the conditions mentioned above might differ in some universities. In such instances, it is advisable to check the PDF version of the JAMB Brochure for precise details. You can also access Jamb Subject Combination for other courses.