Insurance is a form of risk management that is normally a contract between a customer and provider. The customer pays a certain amount of money and in return receives a form of leverage or reparation with the occurrence of certain events. There are many different types of insurance available, and these days, it’s heavily promoted as an investment for individuals and families. Anyone who is interested in being an insurance professional must typically study an insurance course, as well as gain a license to practice.
Highlighted courses and degrees in insurance
Insurance courses help prepare individuals pursuing a license through different programs, including those that feature practical training. Normally, these courses do not lead to a degree, and a certificate is granted instead. Alternatively, students can opt to study insurance alongside another subject, such as finance or economics, as part of an official degree program.
The courses may vary in structure depending on the educational institution. Introductory courses focusing on the fundamentals of the insurance industry are available, and there are courses for more specific topics like property insurance, life insurance, claims management and risk management.
For entry into these courses, prospective students may be asked to present proof of secondary school completion. Some institutions or awarding bodies will also require international students to have a minimum IELTS score if their first language is not English. You are advised to contact the institution you wish to apply to for a full breakdown of entry requirements.
If you do not meet the entry requirements you may want to consider a pathway course.
After completing certain courses, individuals may then take a licensing examination. Specific requirements for licensing may vary per country and you are always recommended to check with your area’s specific licensing body for any prerequisites. Insurance professionals may have different titles or hold different positions such as insurance broker, insurance agent and insurance account manager.
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