Key Information
 |
Campus |  |
Level |  |
Format |
| IDEA Academy | Degree | On Campus | |||
 |
Duration |  |
Pace |  |
EU Students Fees |
| 39 months | Part- Time | €9,000 | |||
|
Non-EU Fees |  |
Start Date |  |
Assessment |
| €14, 300 | April 2024 | Assignments |
About this Course
This is an Accredited Course by the Malta Further & Higher Education Authority (MFHEA), at MQF/EQF Level 6, with 180 ECTS.
The programme delves into the structures and mechanisms of the insurance market and the various types of general and long-term insurance contracts and the principles underlying them.
Students will also cover important related areas including:
- Risk Management
- Anti-Money Laundering and Compliance
- Financial aspects and more modern considerations in the industry.
Additional knowledge is provided to students about managerial, operational, analytical, and research skills which are required of insurance professionals.
Upon learning the general insurance principles, the course will delve deeper into aspects of:
- Regulatory and legislative aspects of insurance
- Insurance products
- Retirement planning & Pensions
- Reinsurance
Beyond the core units, students will be required to undertake a project which gives them the opportunity to choose from a range of topics covered throughout the programme and focus on a particular area that is of interest to them.
Learning Outcomes
The learner will be able to:
- Navigate the Maltese and European insuance market and gain an overall knowledge and understanding of its structure and organisation, including participants, legislation and operations.
- Demonstrate detailed knowledge and understanding of products and services pertaining to general and long-term insurance business and their appication.
- Demonstrate an understanding of the Maltese pensions framework.
- Identify the the main features of organisations operating within the General Insurance, Life Insurance and Pensions sectors.
- Outline and describe the main financial principles which are relevant to long-term insurance business.
- Explain in detail the operational processes within insurance businesses, including underwriting and claims.
- Recognise the importance of fair treatment of customers and positive customer outcomes.
- Navigate relevant Maltese and European legislation and regulations pertaining to insurance and financial services.
- Gain an overall understanding of financial planning.
- Demonstrate an ability to understand and apply risk management techniques and analysis.
- Illustrate the regulatory and legal considerations applicable to insurance business.
- Appraise AI and machine learning-related topics within an insurance context.
Target Audience
This course is targeted at:
- Individuals seeking to advance their academic and professional knowledge in Insurance.
- Individuals wanting to pursue a wide range of career paths within the insurance profession.
- Individuals wanting to enhance their ability to interpret, assess and communicate insurance related information.
Awarding Body
This qualification is awarded by IDEA Academy. This qualification is accredited by the Malta Further and Higher Education Authority. The MFHEA deems this Bachelor of Science (Honours) in Insurance Studies to be at MQF/EQF Level 6 with 180 ECTS in the Malta Qualifications Framework and the European Qualifications Framework for lifelong learning.
Entry Requirements
Candidates who apply for this course must possess one of the following:
- A related qualification at MQF Level 4
and/or
- One ‘A’ Level or equivalent and a pass in English Language*, Mathematics, and/or Business Studies at MQF Level 3 (‘O’ Level or equivalent).
Preference will also be given to applicants having 1 year work experience related to the study programme.
*In the case of students who do not possess all the formal required academic qualifications, then the Recognition of Prior Learning (RPL) process could be applied such that if evidence of equivalent learning is found then the applicant could still be accepted in the course.
If an applicant does not meet the above entry requirements, you are encouraged to contact the Academy for an interview.
Course Structure
This is a part-time course that will typically take 42 months to complete. The programme consists of a total of 24 modules. The method of assessment is assignment-based.
- 6 lectures per module;
- 3-hour lectures (evening);
- 12 hours of guided learning, presentations, comprising synchronous online discussions, tutorials and/or videos;
- Self-study hours comprising research, reading and assignment work.
Assessment Mode
Assessment is carried out via two mandatory components:
- Modular Assessment;
- Project Assessment
- The course also includes additional, specialised support to help you write your Dissertation, including classes on Qualitative/Quantitative data analysis tools, as well as Dissertation Workshops
The programme includes different forms of assessment which allow for and promote students’ critical engagement. The formative and summative assessment tasks may include an in-class assignment and/or a home-based written assignment using diverse assessment tools which may take the form of online and in-class discussions, examinations, case studies, reports, proposals, essays, and presentations, etc., as applicable to the diverse modules.
Language of Instruction & Delivery Mode
This programme will be delivered in English in our Campus in Mosta.
The course will be delivered through a flexible combination of modern face-to-face lectures, webinars, seminars and discussion forums, tutorials, group work, case studies, guest speakers, organisational visits and independent study.
Course Funding Schemes
This course is eligible for individual funding through these schemes: GET QUALIFIED SCHEME Candidates can benefit from a 70% rebate of the course fee via tax credits. Learn more about this scheme
