Course Details
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Brief Description
Enhance your career prospects in the insurance, risk management and related industries with UL’s one-year, full-time Master of Science (MSc) in Insurance and Risk Management, the only specialist MSc in Ireland that provides in-depth training in insurance, risk management, and finance.
The streamlined 3-semester course, designed and led by expert faculty and industry practitioners, is primarily face-to-face with hybrid elements blended into the schedule.
The programme also caters for later-career professionals in the wider business domain looking to gain a deeper understanding of different streams of risk management, insurance and data analytics.
This programme has achieved special recognition from the Global Association of Risk Professional (GARP), the world-leading professional association for financial risk managers, offering professional qualification scholarships to enrolled learners..
It has also received special recognition from the Insurance Institute of Ireland (III) and the Chartered Insurance Institute (CII), giving students partial exemption from the pursuit of post-Masters professional qualifications provided by both associations.
During this programme, you will:
- Gain a deep understanding of ongoing issues, themes, and innovations within risk management and insurance research and practice.
- Master a variety of specialist subjects relating to finance, data science, and risk management.
- Appreciate the specific considerations and risk capture techniques used to assess and manage life and non-life risks, sustainability and climate resilience risks, and non-conventional and complex specialty risks.
- Specialise in a capstone pathway aligned with your desired career path by following a ‘research’ pathway’ or a ‘business analytics’ pathway.
Key information:
- Complete full-time over one year
- Delivered on campus
- Modules taught during autumn, spring and summer semesters
- You will have the option to submit a dissertation at the end of the summer semester
- Option to exit with a Postgraduate Diploma in Insurance and Risk Management after the spring semester.
- Option for a research or business analytics pathway
You will learn through a blend of:
- Lectures, workshops, and hands-on activities
- Reflective practice and guided research
- Regular feedback from faculty and peers
Year 1
Autumn Semester
- outlines the principles and practices involved in underwriting.
- examines global corporate finance and financial decision-making from first principles.
- provides a thorough grounding in the qualitative principles and quantitative methodologies for modelling financial risk.
- introduces students to the key concepts and tools of Corporate Sustainability, with a basic grounding in responsibility and business ethics.
Spring Semester
- focuses on funding the costs of ill-health and increased longevity among insured populations.
- develops technical skills and theoretical knowledge for risk management analytics within an organisation using AI and Data Science.
- explores the role insurance mechanisms play in enabling positive ex-post and ex-ante sustainable economic, environmental, and societal progress.
- provides an understanding of financial regulation in Europe and an appreciation of regulatory strategies employed in practice.
- one week intensive module delivered by a visiting professor.
Summer Semester
- develops skills and knowledge to enable students to complete a post-graduate level research project.
- ) enables students to develop and demonstrate independent research and critical thinking skills to address an emerging or existing business issue
or
- addresses complex organisational and societal problems through mapping, analysis and creative thinking using a design approach.
- provides an interactive, self-directed, experiential learning experience that engages and develops strategic decision-making skills.
Books and journal articles needed for the course will be available online through the UL Glucksman Library.
For more information on each module, you can search the faculty, school and module code on UL’s
- Applicants should hold a bachelor’s degree ( Level 8), with at least a second class honours, grade 2 (2:2), in a relevant discipline, such as business, finance, economics, social science and mathematics. Students from cognate backgrounds are also encouraged to apply.
Other Entry Considerations:
We encourage you to apply even if you don’t meet the standard entry requirements, as long as you can show that you have the knowledge, skills, and experience needed for the programme.
At UL, we value all kinds of learning and support different ways to qualify through our Recognition of Prior Learning (RPL) policy.
International students:
- For details on country-specific qualifications visit postgraduate entry requirements for international students.
Checklist of documents:
- *Academic transcripts and certificates
- UL graduates only need to provide their student ID number
- Copy of your birth certificate or passport
- Copy of your CV
- English translation of your qualifications and transcripts
English Language:
- English language competency certificate
- For details on accepted language qualifications visit English Language Requirements
Guidelines on Completing your Application 
- To make sure we can review your application quickly, please:
- Upload all documents. Your application can’t be reviewed until we have all the documents on the checklist. 
- Title the documents you are uploading. For example, "Personal Statement", "Undergraduate Transcript", "Postgraduate Transcript", "English Language Certificate" etc. 
- *If you are waiting to graduate, submit your application with the documents you have to date, you don’t need to have finished final exams before applying.
EU - €10,200
Non- EU - €18,400
Annual fees are billed by semester. Once registered, students may be eligible to apply for a monthly payment plan.
Further information on fees and payment of fees is available from the Student Fees Office website. All fee related queries should be directed to the Student Fees Office (Phone: +353 61 213 007 or email student.fees.office@ul.ie).
Funding
Find further information on funding and scholarships.
This course can lead to the following sectors and careers:
- Auditing
- Financial Risk Management
- Consultancy
- Claims Processing and Analysis
- Cyber Risk
- Derivative Pricing
- Ecologist
- Financial Analysis
- Financial Risk Modelling
- Fund Risk Management
- Insurance Broker
- Insurance Pricing
- Portfolio Investments
- Reinsurance
- Risk and Compliance
- Risk and Valuations
- Risk and Insurance
- Sales
- Underwriting
Emer Owens, MSc Insurance and Risk Management:
“Through choosing your own personal area of interest and researching, with the aid of a supervisor, you feel like the MSc is something you do to enhance yourself as a person, a researcher, and as a future work colleague. It is an invaluable experience.
Still Curious?
The team regularly host and take part in webinars to support future students. If you would like to learn more or ask questions at an online information session, click below.
Learn more about Emer's experience on the MSc Insurance & Risk Management here.
Still Curious?
The team from the Kemmy Business School regularly host and take part in webinars to support future students. If you would like to learn more or ask questions at an online information session, click below.
Graduate and Professional Studies
+353 (0)61 234377
¾ÅÉ«ÊÓÆµ, Limerick, Ireland