What is Insurance as a Course?
Insurance is a vital field of study that focuses on risk management, financial protection, and safeguarding assets against unforeseen events. This course trains students to assess risks, design insurance policies, and implement strategies to protect individuals and businesses from financial losses.
Students learn key aspects such as:
- Underwriting (evaluating insurance applications)
- Claims processing (handling policyholder claims)
- Regulatory compliance (understanding insurance laws)
- Risk assessment (analyzing potential threats)
Graduates can work in insurance firms, banks, regulatory agencies, and financial consultancies.
Why Study Insurance in Nigeria?
Nigeria’s insurance industry is rapidly growing, creating high demand for skilled professionals. Here’s why you should consider this course:
High Demand for Professionals – Increasing awareness of insurance benefits drives job opportunities.
Diverse Career Paths – Work in underwriting, risk management, financial planning, and more.
Affordable Education – Nigerian universities offer quality programs at reasonable costs.
List of Nigerian Universities Offering Insurance (2025/2026)
Universities Offering Insurance
- University of Benin (UNIBEN) – B.Sc. Insurance
- Gregory University – B.Sc. Insurance
- Joseph Ayo Babalola University (JABU) – B.Sc. Insurance
- Lagos State University (LASU) – B.Sc. Insurance
Universities Offering Actuarial Science (Related Field)
- Enugu State University of Science and Technology (ESUT) – B.Sc. Actuarial Science
- Nnamdi Azikiwe University (UNIZIK) – B.Sc. Actuarial Science
- Niger Delta University (NDU) – B.Sc. Actuarial Science
- Ambrose Alli University (AAU) – B.Sc. Actuarial Science
Universities Offering Insurance & Risk Management
- Enugu State University of Science and Technology (ESUT) – B.Sc. Insurance & Risk Management
Universities Offering Insurance & Actuarial Science
- Imo State University (IMSU) – B.Sc. Insurance & Actuarial Science
Admission Requirements for Insurance in Nigeria
To study Insurance in Nigeria, you must meet the following criteria:
O’Level Requirements: Five credits in English, Mathematics, Economics, and two other relevant subjects.
JAMB UTME Subjects: English, Mathematics, Economics, and one other subject (e.g., Commerce, Accounting).
Post-UTME Screening: Must meet the university’s cut-off mark and pass the screening test.
Career Opportunities in Insurance
Graduates can explore lucrative roles such as:
Underwriter – Evaluates insurance applications and sets premiums.
Claims Manager – Processes and settles insurance claims.
Risk Manager – Advises businesses on minimizing financial risks.
Financial Planner – Helps clients secure their financial future.
Insurance Regulator – Works with government agencies to oversee the industry.
If you’re interested in risk management, financial security, or actuarial science, this course is a great choice. Ensure you meet the admission requirements and choose a university that aligns with your career goals.
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