B.Sc. Degree Programme in Insurance

Course Duration

The Department of Insurance and Risk Management in the Faculty of Management Science offers four year degree programme leading to the Bachelor of Science degree in Insurance and Risk Management.

OBJECTIVES OF DEPARTMENT

The objectives of the department are to enable students:

1. Appreciate the importance of the various forms of insurance as a risk management device in the society;
2. Acquire in dept. understanding of the theory, principles and practice of insurance, with actuarial background;
3. Operate after graduation as successful insurance executive, financial consultants, scholars and responsible citizen in the insurance industry, in government and society as a whole.

ADMISSION AND DEGREE REQUIREMENTS

Candidates seeking admission to the department by Entrance Examination must, in addition to the university minimum requirements, have passed the Senior Secondary Certificate Examination (SSCE) with credits in, at least, five subjects (including English Language Mathematics and Economics) or the General Certificate of Education Examination with passes in five papers including English, Mathematics and Economics. These credits must be obtained in not more than two sittings. Direct entry candidates must, in addition to the requirement mentioned above, have passed the approved Ordinary National Diploma or Higher National Diploma or equivalent examination in Insurance. Candidates admitted by Direct Entry will normally enroll in the second year of the programme. Stress Areas

STRESS AREAS

The stress areas and the associated code numbers are as follows:

(i)	Introduction; Principles	0
(ii)	Insurance of Liability	1
(iii)	Insurance of Person, Pension/Health and other Social Insurance	2
(vi)	Property and Pecuniary, Motor, Marine and Aviation, and Agricultural Insurance	3
(v)	Actuarial Science	4
(vi)	Insurance Laws, Life Assurance Laws and Practice	5
(vii)	Insurance Economics and Marketing	6
(viii)	Claims Management, Risk Management Structure and Management of Insurance	7
(ix)	Reinsurance	8
(x)	Project	9

JOB OPPORTUNITIES

Employment opportunities exist for Insurance graduates in the insurance industry at both national and international levels. They can also find positions as insurance brokers, risk surveyors, loss adjusters, adviser or consultants in almost all kinds of business and non-business organizations in the private a well as in the public sectors of the economy.

STUDENT INDUSTRIAL TRAINING

Students are required to undergo a total of six months industrial training before the end of their studies. This is to enable them acquire practical experience in the practice of insurance and a risk management generally. The first three months of the training should be done during the long vacation at the end of the second year, while the remaining portion should be done at the end of the third year, also during the long vacation.

YEAR ONE

FIRST SEMESTER
COURSE CODE	COURSE TITLE	CREDIT HOURS	LECTURE	TUTORIAL
GST 101	Use of English I	2	1	3
GST 102	Nigerian Peoples and Culture	2	1	3
GST 103	Introduction to Philosophy and Logic	2	1	3
GST 104	History and Philosophy of Science I	2	1	3
MKT103	Mathematics for Social Sciences I	3	2	3
LAW 101	Introduction to Nigerian Law I	3	2	3
ECO 101	Principles of Economics I	3	2	2
ACC 101	Introduction to Accounting I	3	2	2
INA 101	Introduction to Insurance I	2	1	2
	TOTAL	22

YEAR ONE

SECOND SEMESTER
COURSE CODE	COURSE TITLE	CREDIT HOURS	LECTURE	TUTORIAL
GST 107	Use of English II	2	1	3
GST 104	Mathematics for Social Science II	3	2	3
LAW 102	Introduction to Nigerian Law I	3	2	3
ECO 102	Principles of Economics II	3	2	2
ACC 102	Introduction to Accounting II	3	2	2
BUS 101	Introduction to Business	3	1	2
CSE 100	Computer Appreciation	3	2	3
INA 102	Introduction to Insurance II	2	1	2
	TOTAL	22

YEAR TWO

FIRST SEMESTER
COURSE CODE	COURSE TITLE	CREDIT HOURS	LECTURE	TUTORIAL
CSE 201	Computer Programme & Language	2	2	3
ACC 213	Intermediate Financial Accounting I	2	2	2
BUS 201	Principles of Management I	2	2	2
BUS 221	Business Statistics I	2	2	3
MKT 201	Principles of Marketing I	2	1	3
FIN 201	Business Finance I	2	1	2
INA 201	Principles & Practice of Insurance I	3	2	3
INA 241	Actuarial Science I	3	2	3
ECO 201	Economic Theory I	2	2	2
	TOTAL	20

YEAR ONE

SECOND SEMESTER
COURSE CODE	COURSE TITLE	CREDIT HOURS	LECTURE	TUTORIAL
GST 202	Man & His Environment	2	1	3
GST 222	Business Statistics II	2	2	3
ACC 214	Intermediates Financial Accounting II	2	2	2
MKT 202	Principles of Marketing II	2	1	3
INA 202	Principles & Practice of Insurance	3	2	3
INA 242	Actuarial Science II	3	2	3
FIN 202	Business Finance II	2	2	2
Elective Courses
BNK 202	Elements of Banking II
AGR 211	Nigerian Agriculture
MAC 231	Principles of Public Relations
	TOTAL	16

YEAR THREE

FIRST SEMESTER
COURSE CODE	COURSE TITLE	CREDIT HOURS	LECTURE	TUTORIAL
LAW 201	Business Law I	2	2	3
INA 333	Motor Insurance	3	2	3
INA 353	Agricultural Insurance	3	2	3
INA 311	Insurance of Liability I	2	1	2
INA 351	insurance Law I	2	2	3
INA 323	Insurance of Person I	2	1	3
PBU 301	Element of Government	2	2	3
ACC 231	Cost and Management Accounting I	2	2	2
	TOTAL	18

YEAR THREE

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SECOND SEMESTER
COURSE CODE	COURSE TITLE	CREDIT HOURS	LECTURE	TUTORIAL
INA 337	Marine and Aviation	3	2	3
INA 312	Insurance of Liability II	2	1	3
INA 352	Insurance Law	2	2	3
INA 324	Insurance of Person Structure and	2	1	3
INA 370	Management of Insurance in Nigeria	3	2	3
INA 362	Insurance Economics and Marketing	3	2	3
BUS 333	Entrepreneurial Development	2	2	3
BUS 335	Research Methods	2	2	2
	TOTAL	19

YEAR FOUR

FIRST SEMESTER
COURSE CODE	COURSE TITLE	CREDIT HOURS	LECTURE	TUTORIAL
INA 431	Property & Pecuniary Insurance I	3	2	3
INA 421	Health Insurance	3	2	3
INA 451	Life Assurance Law and Practice I	2	2	3
INA 471	Risk Management I	3	2	3
INA 473	Claims Management I	2	2	3
INA 481	Reinsurance I	3	2	3
INA 499	Research Project	2	2	2
FIN 401	Financial Management I	2	2	2
	TOTAL	20

YEAR THREE

SECOND SEMESTER
COURSE CODE	COURSE TITLE	CREDIT HOURS	LECTURE	TUTORIAL
INA 432	Property & Pecuniary Insurance II	2	2	3
INA 423	Pension and Social Insurance	3	2	3
INA 452	Life Assurance Law and Practice II	2	2	3
INA 472	Risk Management II	2	2	3
INA 474	Claims Management II	3	2	3
INA 482	Reinsurance II	3	2	3
INA 499	Research Project	2	2	2
FIN 402	Financial Management II	2	2	2
	TOTAL	19

LIST OF ACADEMIC STAFF OF INSURANCE AND RISK MANAGEMENT

S/NO	NAME	QUALIFICATION	RANK
	Morid Obi	MSc, Ph.D	PROFESSOR
	Aneke J.I	MBA, Ph.D FCAI, FARIM, MNIM	HOD/SENIOR LECTURER
	Enweruzor C.O. R	BBA, MBA	SENIOR LECTURER
	Chukwulozie O. E	MBA FCII	SENIOR LECTURER
	Nwite Sunday C.	MBA,ACIIN	LECTURER I
	Okonkwo Victor I	MBA	LECTURER I
	Odo Cosmas	MBA	LECTURER I
	Ani T.E	LLB, LLM	LECTURER II
	Nwafor J.C	MBA, ACIIN	LECTURER II
	Ezekwe Kenneth C.	MBA, ACIIN	LECTURER II
	Aka L.	MBA, LLB, ACIIN	LECTURER I
	Okafor A.C	MBA, ACIIN	LECTURER II
	Nkwo Nelson N.	MSc, ACIIN	LECTURER II
	Nwafor M.C	MBA	ASSISTANT LECTURER
	Ezema Clifford A.	MBA	GRADUATE ASSISTANT
	Agbaji Benjamin C.	MBA	GRADUATE ASSISTANT
	NON – TEACHING STAFF
	Onyeagwa Caroline	Pitman 35w.p. RSA 25WP, GCE. BSc	P.E.O
	Eleogu magdaline	WASC, BSc	S.E.O
	Eje Grace	WASC BSc	A.E.O