Insurance is an important field of study that focuses on risk management, financial protection, and the principles of safeguarding assets. This course equips students with the knowledge to understand and manage risks in various sectors, including business, health, and property.
If you’re considering studying Insurance in Nigeria, this article provides a detailed guide to universities offering the program, related fields like Actuarial Science, admission requirements, and career opportunities.
What is Insurance as a Course?
Insurance as a course focuses on risk assessment, financial security, and the management of unforeseen events. It involves understanding policies, claims, underwriting, and regulations that govern the insurance industry.
Students in this program learn how to analyze risks, design policies, and implement strategies that protect individuals and organizations from financial loss. Graduates are often employed in insurance firms, financial institutions, and regulatory agencies.
For a related field, you can check out universities offering Actuarial Science for more options in risk and financial management.
Why Study Insurance in Nigeria?
Insurance is a growing industry in Nigeria with a rising demand for professionals in risk management. Studying this course offers the following benefits:
- High Demand for Professionals: With increased awareness of the importance of insurance, there is a growing need for skilled individuals in the field.
- Diverse Career Opportunities: Graduates can work in insurance firms, banks, consulting firms, and even governmental organizations.
- Affordable Education: Nigerian universities offering Insurance provide quality education at a reasonable cost.
If you are exploring other finance-related courses, you might consider universities offering Banking and Finance or Accounting.
List of Nigerian Universities Offering Insurance 2025/2026
Below is a comprehensive list of universities offering Insurance and related programs for 2025/2026:
Available as Insurance
| University Name | Program Offered |
|---|---|
| University of Benin (UNIBEN) | Insurance |
| Gregory University | Insurance |
| Joseph Ayo Babalola University (JABU) | Insurance |
| Lagos State University (LASU) | Insurance |
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Available as Actuarial Science
| University Name | Program Offered |
|---|---|
| Enugu State University of Science and Technology (ESUT) | Actuarial Science |
| Nnamdi Azikiwe University (UNIZIK) | Actuarial Science |
| Niger Delta University (NDU) | Actuarial Science |
| Ambrose Alli University (AAU) | Actuarial Science |
Available as Insurance and Risk Management
| University Name | Program Offered |
|---|---|
| Enugu State University of Science and Technology (ESUT) | Insurance and Risk Management |
Available as Insurance and Actuarial Science
| University Name | Program Offered |
|---|---|
| Imo State University (IMSU) | Insurance and Actuarial Science |
Admission Requirements for Insurance
To study Insurance or related programs in Nigeria, candidates must meet the following requirements:
- O’Level Results: Five credits in English Language, Mathematics, Economics, and any two other relevant subjects.
- JAMB UTME Subject Combination: English Language, Mathematics, Economics, and any other relevant subject.
- Post-UTME Screening: Candidates must meet the university’s cut-off mark and pass the screening process.
Check the JAMB subject combination for Insurance for more details.
Career Opportunities in Insurance
Graduates of Insurance have a wide range of career paths, including:
- Underwriting: Assessing and evaluating insurance applications.
- Claims Management: Handling and processing claims for policyholders.
- Risk Management: Advising individuals and businesses on how to mitigate risks.
- Financial Planning: Helping clients develop strategies to secure their financial future.
- Regulatory Roles: Working in government agencies that oversee the insurance industry.
For those considering advanced roles in risk and finance, universities offering Economics might also be worth exploring.
FAQs
What is the difference between Insurance and Actuarial Science?
Insurance focuses on risk management and policy creation, while Actuarial Science involves using mathematics and statistics to analyze financial risks.
Which university is best for studying Insurance in Nigeria?
Universities like the University of Benin, Lagos State University, and Joseph Ayo Babalola University are excellent choices for studying Insurance.
Can I study Insurance alongside Actuarial Science?
Yes, some universities, such as Imo State University, offer a combined program called Insurance and Actuarial Science.
Conclusion
Insurance is a critical field that plays a significant role in financial security and risk management. With programs offered by top universities like UNIBEN, LASU, and JABU, you can gain the knowledge and skills needed for a successful career in this field.
Choose a university that suits your career goals, meet the admission requirements, and prepare for an exciting future in the insurance industry. Share this article with friends who might find it helpful!