Insurance and Risk Management
Overview
Projected Job Growth
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Duration of Study
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Annual Average Salary
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Career Opportunities
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Program Description
Insurance and Risk Management teaches how businesses and people identify, measure, and protect against financial loss. Students study risk assessment, types of insurance, finance and accounting, business law, customer service, and basic data analysis. Practical lessons cover premium calculation, claims handling, financial planning, and using spreadsheets. Graduates can work in insurance companies, banks, risk advisory firms, loss adjustment, business management, or start microinsurance and consulting businesses. The program builds leadership, analytical thinking, and job-ready skills for Ghana's growing financial services sector.
Aims and Objectives
Develop the ability to assess and quantify common risks using calculations and spreadsheets.
Master core insurance principles, policy types, and claims processing procedures.
Understand financial planning, premium calculation, and budgeting for insurance products.
Create clear customer service and communication plans for client advising and policy sales.
Use business analytics to interpret data and support practical risk mitigation decisions.
Why Choose This Program?
Strong career prospects
High demand for trained staff in insurance firms, banks, and risk advisory services across Ghana.
Practical, job-ready skills
Hands-on learning in premium calculations, claims handling, and spreadsheet analysis prepares you for work.
Industry connections and internships
Opportunities for workplace visits, internships, and partnerships with local insurance companies and regulators.
Entrepreneurial opportunity
Skills enable you to start microinsurance, risk advisory, or small business protection services.
Technology and analytics focus
Training in modern tools for data analysis and digital distribution improves employability and efficiency.
Skills Students Will Acquire
Use formulas, pivot tables, and charts to calculate premiums, model scenarios, and present results.
Apply basic analytics and visualization tools to identify risk trends and support decisions.
Prepare budgets, forecast premiums, and evaluate financial impacts of claims and policies.
Use social media, email, and simple CRM tools to reach customers and promote insurance products.
Plan and manage claims processes, client onboarding, and small projects using basic PM methods.
Tools and Resources Students Will Use
Microsoft Office Suite (Excel, Word, PowerPoint)
Power BI or basic data visualization tools
QuickBooks or basic accounting software
Challenges Students Face and Helpful Tips
Challenges
Difficulty with numbers and calculations.
Understanding legal and regulatory terms.
Tips & Advice
Practice basic arithmetic and Excel formulas regularly, use step by step examples, and ask teachers for extra help.
Use simple summaries, create flashcards for key terms, and follow local regulator updates for context.
Video Guide
Frequently Asked Questions
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