Diploma in Insurance & Risk Management

About this program:

This program aims to provide trainees with the theoretical and practical knowledge of insurance science and risk management, and to train and develop their capabilities in this field to meet labor-market needs and build talent specialized in insurance and risk management.

Admission requirements:

• High-school certificate or higher (foreign certificates must be attested by the Ministry of Foreign Affairs).
• Age 18 years or older.
• Valid residency permit (for non-Saudi applicants).

Program features:

• Expert trainers and certified practitioners.
• Flexible study schedules.
• A tablet or laptop provided to the student (depending on the specialization).
• Free access to the academy's facilities.
• A strong foundation toward advanced professional certifications.

Program outcomes:

• Knowledge of the structure of the insurance sector in Saudi Arabia and the legislation and laws regulating it.
• Identify the concept of risk and the types of risks that require an insurance service to address them.
• Understand the definition of insurance, the legal principles that govern it, and the legal forms of the contract.
• Calculate the insurance premium and obtain the forms and components of the contract.
• Understand the role of insurance services in providing protection against different types of risks.
• Understand the nature of operations and jobs in banking and insurance institutions and their administrative and technical structures.
• Know the main types of insurance and core banking products and distinguish between them.
• Know the basic English terminology in the field of risk and insurance.
• Distinguish between Islamic and commercial forms of banking and insurance operations, evaluate their products, and select marketing methods linked to customer needs.
• Ability to analyze the risks and financial indicators of banks and insurance companies.
• Participate in managing insurance companies, market their insurance products, and manage the risks they face.
• Provide innovative solutions to problems facing banking and insurance operations and manage them appropriately.
• Uphold work ethics in the insurance sector.
• Demonstrate effective communication, teamwork, self-learning, and responsibility.
• Master English conversation in the workplace.

Career roles for graduates:

• Insurance Specialist
• Insurance Broker
• Pension Auditor
• Insurance Claims Settlement Specialist
• Insurance Agent
• Survey and Loss Assessment Specialist
• Assistant Risk Analyst
• Assistant Risk and Crisis Management Specialist