MSc Insurance and Sustainable Risk Management

Shaping the future of the insurance industry

MSc Insurance and Sustainable Risk Management

Our innovative MSc Insurance and Sustainable Risk Management programme is leading the way in shaping the future of the insurance industry. This programme will give students the skills that insurance professionals of the future will need.

The insurance industry is constantly changing. With advances in technology, an evolving risk landscape and a growing need for new insurance solutions in emerging markets, future insurance graduates will be required to have different skillsets to be able to respond to these challenges.

How will we insure driverless cars? Smart houses or drones? Cyber insurance? How can micro-insurance help to close the insurance gap in emerging markets? This course will provide you with the knowledge and skills needed to adapt to a changing risk landscape as well as current social, economic and political issues, within the context of insurance and risk management.

You will gain in-depth knowledge and understanding in underwriting and claims management, the core functions of the insurance profession. You will develop your technical and soft skills in identifying, forecasting and managing risk and discover the importance and the thought provoking nature of the insurance industry.

Students will gain knowledge and develop skills on quantitative modelling and pricing insurance as well as developing their leadership skills in managing insurance businesses. Our graduates will be become managers in insurance businesses and leaders in their field of expertise.

Double Professional Accreditation

After successful completion of the MSc Insurance and Sustainable Risk Management programme, students are eligible to claim up to 170 credits toward the Chartered Insurance Institute’s (CII) Advanced Diploma in Insurance. This means that the students need to complete the remaining 120 credits with the CII to achieve the ACII designation.

Additionally, the eligible students can claim two exemptions i.e., one core: CPCU 500: Managing Evolving Risks and one elective module from The Institute, USA. This means that secure the CPCU designation, the students need to complete the remaining three core modules and three concentration modules either from Commercial Track or Personal Track.

The combination of an insurance-specific masters’ degree and professional qualifications would be very attractive to the students to enter into or advancing their insurance careers.

For further information on these accreditations please contact the Programme Leader Dr. Madhu Acharyya at

Glasgow Caledonian University has over 30 years’ experience in teaching Risk Management courses and this new programme expands that knowledge to the to further specialise in Insurance Management. You will learn from teaching staff who are industry experts with extensive insurance and risk management industry experience.

Based in London, where Lloyd’s of London started insuring risks more than 325 years ago from a coffee house, you will have access to industry led teaching and the opportunity to visit leading insurance organisations.

This programme is offered at our London campus Full Time, Part Time and by Distance Learning. Apply now for this innovative programme.

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Start in September 2021:

Start in January 2022:

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What will you study?

This programme has been designed with a team of academics and industry professionals to combine the latest theoretical and practical insurance and risk management content.

The programme focuses on contemporary issues such as cyber risk insurance, emerging market risk, micro insurance, insurance for climate change, and Takaful (Islamic) Insurance. This makes the GCU MSc Insurance and Risk Management course unique within the UK.

The programme will also teach you how to become an innovative leader and give you the soft skills necessary to run an insurance business of the future.

Upon completion of the programme, you will have both theoretical and technical knowledge on advanced insurance topics ranging from underwriting and reinsurance to insurance regulations and accounting.

Graduate Opportunities

Upon successful completion of this programme, graduates will go on to a range of different careers in a wide variety of fields including claims, underwriting, reinsurance, risk analysis and modelling.

There is currently a talent shortage both in the UK and the international insurance industry. With insurance professionals retiring and disruptive technologies and emerging markets changing the industry further, this talent shortage is expected to increase. Consequently, there is an urgent need for technically skilled insurance graduates to fill this gap worldwide.

“The University has a fantastic reputation and the calibre of its graduates is very high.”

Professor Nick Robertson, CEO of

Entry requirements

Standard entry requirements

This course is appropriate for experienced insurance professionals, who want to top up their career with an academic qualification, as well as recent graduates.
All entry requirements listed here should be used as a guide and represent the minimum required to be considered for entry. Applicants who are made a conditional offer of a place may be asked to achieve more than is stated.

Typical entry requirements

Entry to the MSc Insurance and Risk management programme will normally be on the basis of a candidate having a United Kingdom (UK) Honours degree or equivalent, normally at grade 2:2 or above in a relevant subject.
This could be, for example, risk management, insurance, banking, financial services, actuarial studies, business management, business administration, computing, natural disaster management, marketing, economics, finance, accounting, mathematics, health science, engineering, law or any other insurance and risk management related subject.

Flexible entry – credit transfer and RPL

Candidates with degrees in other areas should demonstrate involvement in or familiarity with insurance and risk management practice i.e. employment in a relevant role or interest in transferring to this field usually established in personal statement and/or referee recommendations. However, the overriding consideration will be the Programme Leader’s assessment of the student’s ability to undertake the Programme successfully.

Professional qualifications and advanced entry

Chartered Insurance Institute’s, London (CII) Advanced Diploma in Insurance and Institute of Risk Management’s, London (IRM) International Diploma in Risk Management can be accepted in lieu of a degree.
CII, IRM and IoFA (Institute of Faculty of Actuaries) Associates and Fellows with or without work experience may enter into the programme with eligible accreditations or through accelerated route (i.e., Fast Track).
Candidates entering this validated programme with advanced standing through recognition of prior learning can only claim up to 50% of credits (90 credits).

English language

Academic IELTS score of 6.0 (or equivalent) with no element below 5.5
If a student does not meet the English language requirements, they may be eligible for GCU London pre-sessional English programme which is taught at London campus.
Please note: if you are from a majority English speaking country, you may not be required to provide further proof of your English Language proficiency.

International pathways

International students who do not meet the academic requirements may be eligible for the Pre-Masters programme at INTO Glasgow at our Glasgow campus. Successful completion of this INTO course with the required grades means guaranteed conditional offer of a place on the degree programme at GCU London.
If you do not meet the English language requirements, you may be eligible for our pre-sessional English programme which is taught at our London campus.


The tuition fees you pay are mostly determined by your fee status. What is my student fee status?

Tuition fees 2021/22
Home (including Scotland): £12500
International (including EU): £14500

Part-time and distance-learning tuition fees

For details of part-time and distance-learning fee rates, please make an enquiry today.

Fees are subject to change and published here for guidance only.

As a student at the University, there are additional fees and costs which may or may not apply to you, but that you should be aware of.

View additional costs


We provide high-quality education for a fair price; as the University for the Common Good, we are committed to offering accessible higher education for talented students by keeping our tuition fees low and providing a generous scholarship package of over £2.5 million per year.

Assessment Methods

During the course your will be tested on subject knowledge, independent thought and creativity. This is done through a balance of coursework assessments and class tests and presentations, through individual as well as group work. There are no closed book exams on this programme.

“The quality of teaching throughout my stay at GCU is commendable. I particularly noticed, all the students managed to develop good rapport with lecturers which has positive impact on the student education and helped them to achieve their educational goals.”

Faiz Subhani (MSc International Banking Finance and Risk Management)

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