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


“ Your Academic Career is Fully Assured with the Pioneer Academic Center in Risk and Insurance Education in Sri Lanka”

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;

  1. Diploma in Risk Management & Insurance (SLQF Level 3)
  2. Higher Diploma in Risk Management & Insurance (SLQF Level 4)
  3. B.Sc. Degree in Risk Management & Insurance (SLQF Level 5)
  4. Master of Business Administration (MBA) in Risk Management & Insurance (SLQF Level 9 & 10)

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

 

For inquiries

Programme Coordinator

Department of Insurance & Valuation, Faculty of Business Studies & Finance,
Wayamba University of Sri Lanka
60200, Kuliyapitiya,
Sri Lanka.

Diploma
Mobile: 077-4106581
Mobile: 076-3155382

Higher Diploma
Mobile: 076-1593245
Mobile: 077-9018960

Email : div@wyb.ac.lk

Downloads

Diploma Application Form

Higher Diploma Application Form

Programme Details

Brochure

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

Enroll Now


Department of Insurance and Valuation of the Wayamba University of Sri Lanka proudly announces the commencement of

Diploma in Risk Management & Insurance

Higher Diploma in Risk Management & Insurance

Applications are called from the prospective candidates

 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

Three 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.

OR

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.

OR

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. 

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.

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. 75,000/- (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

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

Venue

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

For inquiries

Academic Coordinator : 077-4106581

Secretary : 076-3155382

Administrative coordinator : 037-2284215

Department of Insurance and Valuation,

T.P : 037-2284213

Email : drmi@wyb.ac.lk

For inquiries

Academic Coordinator : 076-1593245

Secretary : 077-9018960

Administrative coordinator : 037-2284215

Department of Insurance and Valuation,

T.P : 037-2284213

Email : hdrmi@wyb.ac.lk

Board of Study