Diploma in Risk Management & Insurance / Higher Diploma in Risk Management & Insurance

The Department of Insurance and Valuation of the Wayamba University of Sri Lanka, the pioneer academic center in Risk and Insurance education in Sri Lanka proudly announces the commencement of academic programmes for its external students after the curriculum revision.

The Department Invites prospective candidates to join the programme to achieve highest academic qualification under the field of “Risk Management & Insurance” from highly recognized state University in Sri Lanka.

Followings are the academic qualification levels that you can achieve in the Wayamba University of Sri Lanka with the specialization of Risk Management and Insurance;

Diploma in Risk Management & Insurance (SLQF Level 3)
Higher Diploma in Risk Management & Insurance (SLQF Level 4)

Move up your career ladder by investing in a highly recognized academic qualification in Risk Management & Insurance

About the Programmes
Target Group
Two Levels of Qualification
Graduate Profile
Course Structure of Diploma
Course Structure of Higher Diploma
Key Information
Board of Study

Diploma in Risk Management & Insurance

Higher Diploma in Risk Management & Insurance

Introduction.

By fulfilling the national need in risk and insurance education in Sri Lanka, the Department of Insurance and Valuation of the Wayamba University of Sri Lana has scheduled to start its external academic programme from the Diploma and Higher Diploma levels. Accordingly, applications are called from prospective candidates to follow the next intakes of Diploma in Risk Management & Insurance, and Higher Diploma in Risk Management & Insurance.

The curriculum of the programme is designed to take the student through three progressively higher levels of achievement, Diploma, Higher Diploma and Degree level, each with its distinct set of hard and soft skills and employment prospects. The Degree level of the programme will start at the end of the academic activities of this student group.

Further, the curriculum of the programme has been specially designed to develop academic and professional competencies in its followers to suit for a career in the functional discipline of Risk Management, Insurance and General Business Management both locally and globally.

Salient Features of the Programme

Fulfilling the academic requirements of Sri Lanka Qualifications Framework (SLQF) and professional requirements of Insurance industry locally and globally.

Opportunity for progressive higher levels of achievement (diploma, higher diploma, degree and postgraduate) each with its distinct set of hard and soft skills and employment prospects.

Outcome-based teaching, learning and assessments with relevant quality assurance practices.

Academically and professionally qualified, well experienced teaching panel.

Blended modes (online & onsite) of teaching, learning and assessment of each course module.

Significant credit exemptions can claim under the qualification frameworks of main professional examinations in Insurance.

Higher recognition in the insurance industry.

Trusted for on time completion.

Target Group

Managers, executives, team leaders, other internal staff, insurance intermediaries, and those who are having long-term ambitions of assuming managerial responsibilities in the fields of risk management and insurance.

School leavers with Advanced Level qualifications those who have the interest to continue higher studies in the field of risk management and insurance.

Anyone who has great interest to have a well recognized academic qualification in risk management & insurance.

Those awaiting to develop their knowledge and skills as part of a progression towards completing professional qualifications / Degree / Postgraduate Qualifications

Two Levels of Qualification

The curriculum is designed to take the student through three progressively higher levels of achievement, each with its distinct set of hard and soft skills and employment prospects. This structure offers two optional exit routes, based on one’s choice of career path, before reaching the Degree level.

Graduate Profile

Upon successfully completion, the Diploma holders will have a good knowledge in products, operations and management of key functional areas both life and general insurance and could expect to gain employment in many types of business including insurance, reinsurance and insurance brokering firms, risk management departments of major corporations, investment and retail banks, regulatory authorities and many other fields.

Further, qualification holders will also be equipped with generic and transferable skills and subject-specific skills essential for successful performance in professional practice.

Course Structure of Diploma in Risk Management & Insurance

Semester I
Code	Course Title
RMI 1113	Principles of Risk and Insurance
RMI 1123	Insurance Law and Regulations
RMI 1133	Principles of Management
RMI 1143	Business Economics
RMI 1152	Financial Accounting and Reporting
RMI 1161	Information Technology
RMI 1171	English for Business Communication – I
Semester II
RMI 1212	Personal Risk Management
RMI 1223	Practice of Life Assurance
RMI 1233	Practice of General Insurance
RMI 1243	Business Mathematics
RMI 1252	Business Analysis
RMI 1261	English for Business Communication
RMI 1272	Report on Industrial Business Analysis

Course Structure of Higher Diploma in Risk Management & Insurance

Semester I
Code	Course Title
RMI 2113	Human Resource Management
RMI 2122	Managing Property and Liability Risk
RMI 2133	Commercial Property Insurance
RMI 2143	Financial Management
RMI 2153	Marine Insurance
RMI 2162	Social Psychology
RMI 2171	Professional English
Semester II
RMI 2213	Service Marketing
RMI 2223	Life & Medical Insurance
RMI 2233	Financial Risk Management
RMI 2242	Miscellaneous Insurance
RMI 2253	Reinsurance
RMI 2262	Industrial Project Report

Key Information

Diploma in Risk Management & Insurance (Dip. RMI)

Higher Diploma in Risk Management & Insurance (HDip. RMI)

Duration

One Year

(This is the Level 1 of the degree programme)

Duration

One Year

(This is the Level 2 of the degree programme)

Level of Qualification

Sri Lanka Qualification Framework (SLQF) Level 3 which is equivalent to the National Qualification Framework (NVQ) Level 5

Level of Qualification

Sri Lanka Qualification Framework (SLQF) Level 4 which is equivalent to the National Qualification Framework (NVQ) Level 6

Optional Exit Points

This is the first exit option of the programme. If a student is willing to obtain only the qualification of diploma, he/she can apply for the award of Diploma in Risk Management & Insurance upon fulfilment of the programme requirements.

Entitled to apply for the Higher Diploma in Risk Management and Insurance

Optional Exit Points

This is the second exit option of the programme. If a student is willing to obtain only higher diploma, he/she can apply for the award of Higher Diploma in Risk Management & Insurance upon fulfilment of the programme requirements.

Entitled to apply for the B.Sc. Degree in Risk Management & Insurance

Eligibility

Three passes in GCE Advanced Level, OR
Two passes in GCE Advanced Level with 2 years relevant working experience, OR
GCE Ordinary Level with 3 years relevant working experience, OR
Qualifications other than those listed above may be considered case by case at the Board of Study, Faculty Board and the Senate of the University.

Eligibility

Diploma in Risk Management & Insurance of the Wayamba University Sri Lanka OR
Diploma in Insurance of the Wayamba University of Sri Lanka.
Qualifications other than listed above may be considered case by case at the Board of Study, Faculty Board & the Senate of the University.

Course Structure (DRMI)

Course Structure (HDRMI)

Diploma in Risk Management & Insurance
*Level 1 Semester I*
*Code*	*Course Title*
RMI 1113	Principles of Risk and Insurance
RMI 1123	Insurance Law and Regulations
RMI 1133	Principles of Management
RMI 1143	Business Economics
RMI 1152	Financial Accounting and Reporting
RMI 1161	Information Technology
RMI 1171	English for Business Communication – I
*Level 1 Semester II*
RMI 1212	Personal Risk Management
RMI 1223	Practice of Life Assurance
RMI 1233	Practice of General Insurance
RMI 1243	Business Mathematics
RMI 1252	Business Analysis
RMI 1261	English for Business Communication
RMI 1272	Report on Industrial Business Analysis

Higher Diploma in Risk Management & Insurance
*Level 2 Semester I*
*Code*	*Course Title*
RMI 2113	Human Resource Management
RMI 2122	Managing Property and Liability Risk
RMI 2133	Commercial Property Insurance
RMI 2143	Financial Management
RMI 2153	Marine Insurance
RMI 2162	Social Psychology
RMI 2171	Professional English
*Level 2 Semester II*
RMI 2213	Service Marketing
RMI 2223	Life & Medical Insurance
RMI 2233	Financial Risk Management
RMI 2242	Miscellaneous Insurance
RMI 2253	Reinsurance
RMI 2262	Industrial Project Report

Delivery Method

The course is offered on Blended Mode. via on-line mode and onsite class rooms.

The course is structured to support all part-time external students to engage with the Lecturers in the course modules continuously. Learning Management System (LMS) is used as a self-learning, assessment and evaluation mechanism.

Delivery Method

The course is offered on Blended Mode. via on-line mode and onsite class rooms.

Lecture Panel

Teaching panel consist of University Lecturers, and Professionally Qualified Senior Industry Experts

Lecture Panel

Teaching panel consist of University Lecturers, and Professionally Qualified Senior Industry Experts

Course Fees

Rs. 65,000/- (Course Fee) +

Rs. 1,000/- (Application Fee)

(Course fee payable in two installments)

Course Fees

Rs. 75,000/- (Course Fee) +

Rs. 1,000/- (Application Fee)

(Course fee payable in two installments)

Venue

Examinations will be held physically at Wayamba University of Sri Lanka, Kuliyapitiya.

Venue

Onsite classes will be held in an academic center located in Colombo 07

For inquiries

Director : 077-4106581

Academic Coordinator: 076-3155382

Administrative coordinator : 037-2284215

Department of Insurance and Valuation,

T.P : 037-2284213

Email : drmi@wyb.ac.lk

For inquiries

Academic Coordinator : 077-4694454

Secretary : 077-9018960

Administrative coordinator : 037-2284215

Department of Insurance and Valuation,

T.P : 037-2284213

Email : hdrmi@wyb.ac.lk

Board of Study

Diploma in Risk Management and Insurance

Professor. SK Gamage

Dean

Faculty of Business Studies & Finance

Dr. WS Sanjeewa

Director

Diploma in Risk Management and Insurance

Ms. DMNB Dissanayake

Academic Coordinator

Diploma in Risk Management and Insurance

Ms. JPSD Amarasinghe

Course Secretary

Diploma in Risk Management and Insurance

Ms. JAAK Jayalath

Administrative Coordinator

Diploma in Risk Management and Insurance

Higher Diploma in Risk Management and Insurance

Professor. SK Gamage

Dean

Faculty of Business Studies & Finance

Dr. WS Sanjeewa

Director

Higher Diploma in Risk Management and Insurance

Mr. DGL Rasika

Academic Coordinator

Higher Diploma in Risk Management and Insurance

Mr. MMSKB Bogamuwa

Course Secretory

Higher Diploma in Risk Management and Insurance

Ms. JAAK Jayalath

Administrative Coordinator

Higher Diploma in Risk Management and Insurance

New Intake

List of Selected Candidates

For inquiries

Downloads

Diploma in Risk Management & Insurance

Higher Diploma in Risk Management & Insurance

Introduction.

Salient Features of the Programme

Target Group

Two Levels of Qualification

Graduate Profile

Course Structure of Diploma in Risk Management & Insurance

Course Structure of Higher Diploma in Risk Management & Insurance

Key Information

Board of Study

Diploma in Risk Management and Insurance

Higher Diploma in Risk Management and Insurance