As the pioneer academic center in risk & insurance education in Sri Lanka, the Department of Insurance and Valuation is committed to developing its stakeholders’ competencies through education, training, research, and other outreach programmes to more effectively manage the challenges in the fields of risk, insurance, and finance. The Department is also committed to pursuing excellence in teaching and learning in Risk, Insurance, and Finance by conducting research and community services while making all efforts to contribute to the vision of the Faculty of Business Studies and Finance.
The Department of Insurance and Valuation has positioned its name in the insurance industry by successfully conducting educational programmes for internal and external students. The Diploma in Risk Management & Insurance and the Higher Diploma in Risk Management & Insurance are the most successful and highly recognized academic programmes conducted by the Department for external students engaged in the insurance industry in Sri Lanka. Further, aligning with the vision & mission, the Department of Insurance and Valuation acts as an academic partner of leading insurance companies in Sri Lanka.
According to the official data published by IRCSL, at present, there are 28 insurance companies selling life and/or general insurance products, while 63 insurance brokers and 44,919 insurance agents work as their sales channels. Besides the insurance companies’ product training programme, no well-established and inter-connected academic programme is developed to get the essential theoretical and practical knowledge to perform in the insurance salesforce. As the pioneer academic center in insurance education in Sri Lanka, the Department of Insurance and Valuation addresses this national and industry requirement by introducing well-developed educational programmes for the employees working in the insurance industry and risk management field in Sri Lanka. Accordingly, the Advanced Certificate in Insurance Salesmanship programme aims to address the candidates who provide financial advice, act as insurance agents, or aspire to do both, including customer operations back-office staff and contact center team leaders. Therefore, by introducing this course, the Department of Insurance and Valuation aims to ensure that the insurance practitioners who provide advice and/or sell life, pensions, investment, personal, and commercial general insurance products possess the requisite basic knowledge of the insurance concepts, principles and market practices to be able to perform their jobs competently and ethically.
Further, this programme will be one of the windows to the academic programme ladder of the Department of Insurance and Valuation introduced for external students. Those who have completed the Certificate in Insurance Salesmanship will be eligible to claim two subject exemptions in the Diploma in Risk Management and Insurance of the Wayamba University in Sri Lanka.
