Course Aims and Objectives

To provide knowledge and understanding of the following and also develop in the candidates:

• a sound knowledge and appreciation of the nature of risk and risk management
• a sound knowledge and appreciation of the capital adequacy requirements for insurers and reinsurers 
• a sound knowledge and appreciation of the regulatory requirements on the insurance industry  
• a sound knowledge and understanding of basic statistical concepts relating to the insurance environment and the estimation of risk  
• the ability to apply knowledge and skills to practical situations  
• the ability to synthesize different aspects of the syllabus and apply them to given scenarios

Course Contents

• Nature of Risk
• Human Perception of Risk
• Risk Management
• Risk Assessment
• Risk Treatment
• Risk Data
• Presentation of Risk Data  
• Statistical Measurement
• Probability Distributions
• Underwriting Reinsurance and Pricing Insurance
• Corporate Governance
• The International Context
• Nigeria Insurance Regulation

Course Aims and Objectives

To provide knowledge and understanding of the following and also develop in the candidates:          

• a sound knowledge and appreciation of the practice of reinsurance          
• a sound knowledge and appreciation of the principles guiding the practice of reinsurance
• a working knowledge of the reinsurance market and its operations  
• a working knowledge of accounting as it relates to reinsurance
• the ability to apply knowledge and skills to practical situations
• the ability to synthesize different aspects of the syllabus and apply them to given scenarios.

Course Contents

• Introduction to Reinsurance
• Operation of Quota Share and Surplus Reinsurance Treaties
• Operation of Excess of Loss Reinsurance Treaties
• Law Relating to Reinsurance
• Placing of Reinsurance
• Wording
• Reinsurance Markets
• The Buyer’s Reinsurance Needs
• Designing and Arranging the Reinsurance Programme
• Underwriting Considerations
• Technical Reinsurance Accounting
• Reinsurance Claims
• Reviewing the Programme
• Financial Aspects

Course Aims and Objectives

To provide knowledge and understanding of the following and also develop in the candidates:

• a sound knowledge and appreciation of the principles guiding the accounting and finance in general  
• a sound knowledge and appreciation of how finance and accounting relates to insurance  
• a working knowledge of the balance sheet revenue account, profit and loss account and management accounting 
• a working knowledge of accounting as it relates to reinsurance  
• the ability to apply knowledge and skills to practical situations  
• the ability to synthesize different aspects of the syllabus and apply them to given scenarios.

Course Contents

• Account – What, Why and How?
• The Accounting Framework
• The Balance Sheet
• Revenue and Profit and Loss Accounts
• Management Accounting: Costing
• Management Accounting: Budgeting, Planning and Control
• Looking at Figures and Reading Accounts
• The Supervision of Insurance Companies
• Taxation
• Investments and Insurers
• In the Market Place  
• Intermediaries
• Where are the ratios?

Course Aims and Objectives

To provide knowledge and understanding of the following and also develop in the candidates:

• a sound knowledge and appreciation of the principles of property insurance
• a sound knowledge and appreciation of the principles of pecuniary insurance
• a sound knowledge and appreciation of the principles behind package policies
• the ability to apply knowledge and skills to practical situations
• the ability to synthesize different aspects of the syllabus and apply them to given scenarios.

Course Contents

• Property and Pecuniary Insurances: Development and Structure
• Property Insurance Cover
• Pecuniary Insurance: Business Interruption Insurance
• Pecuniary Insurance: Fidelity Guarantees and Bonds, Credit Insurance
• Combined and Package Policies
• Property and Pecuniary Insurances: Risk Assessment
• Property and Pecuniary Insurances: Administration and Account Management
• Property and Pecuniary Insurances: Claims Principles and Procedures
• Construction Insurance: Development and Structure
• Construction Contracts
• Construction Insurance: Policy Cover
• Engineering Insurance
• Business Interruption Insurance: Relating to Engineering and Construction Insurances
• Engineering and construction Insurance: Claims Principles and Procedures

Course Aims and Objectives

To provide knowledge and understanding of the following and also develop in the candidates:

• a sound knowledge and appreciation of the development of life assurance principles
• a sound knowledge and appreciation of the principles of life assurance
• a sound knowledge and appreciation of how Information Technology applies to life assurance   the application of ethics to the practice of life assurance  
• the ability to apply knowledge and skills to practical situations  
• the ability to synthesize different aspects of the syllabus and apply them to given scenarios.

Course Contents

• Development of Life Assurance
• Types of Cover Available  
• How Life Policies are effected
• Policy Administration
• Trusts
• Reassurance
• Claims
• Consumer Protection
• Taxation Principles
• Taxation of life Policies
• Information Technology
• Ethics

Course Aims and Objectives

To provide knowledge and understanding of the following and also develop in the candidates:

• a sound knowledge and appreciation of motor insurance
• a sound knowledge and appreciation of the principles behind motor insurance
• the ability to apply knowledge and skills to practical situations
• the ability to synthesize different aspects of the syllabus and apply them to given scenarios.

Course Contents

• History and Development
• Operation and Regulation of the Market Place
• Legal Considerations
• Scope of Cover Provided
• Principles of Rating and Underwriting Individual Risks in Motor Insurance
• Renewal of Cover
• Claims Procedures
• Ethical Considerations

Course Aims and Objectives

To provide knowledge and understanding of the following and also develop in the candidates:

• a sound knowledge and appreciation of liability insurances
• a sound knowledge and appreciation of the principles behind liability insurances
• the ability to apply knowledge and skills to practical situations
• the ability to synthesize different aspects of the syllabus and apply them to given scenarios.

Course Contents

• Sources of Civil Liability
• Negligence Other Torts
• Defenses, Limitations and Remedies
• Risk Perception, Identification, Evaluation and Management
• Liability Underwriting, Theory and Practice  
• Employers’ Liability
• Public and Products’ Liability
• Public and Products’ Liability – The Policy
• Directors’ and Officers’ Liability  
• Professional Indemnity

Course Aims and Objectives

To provide knowledge and understanding of the following and also develop in the candidates:

• a sound knowledge and appreciation of risk management
• a sound knowledge and appreciation of the principles behind risk management
• the ability to apply knowledge and skills to practical situations 
• the ability to synthesize different aspects of the syllabus and apply them to given scenarios.

Course Contents

• Context of Risk Management
• Identification of Risk
• Analysis of Risk
• Assessment and Prioritization of Risks
• Assessment of Risk Controls
• Risk Control
• Risk Financing
• Monitoring and Review  
• Case Studies

Course Aims and Objectives

To provide knowledge and understanding of the following and also develop in the candidates:

• a sound knowledge and appreciation of marketing and its application to insurance
• a sound knowledge and appreciation of the principles behind marketing
• the ability to apply knowledge and skills to practical situations
• the ability to synthesize different aspects of the syllabus and apply them to given scenarios.

Course Contents

• Theory of Marketing
• Key Concepts
• Marketing and Insurance
• Marketing Strategy
• Market Research and Product Development
• Communication and Branding
• Distribution and Delivery
• Global Marketing