Insurance and Risk Management specialization is one of the distinguished specializations constantly in demand in the local, Arab, and global markets. It qualifies students to deal with various types of insurance (life insurance, work insurance, social security, medical insurance, property insurance, limited liability, etc.). It practically links them with risk management skills (personal, property, civil liability, etc.). It also involves studying their administrative and financial impact to make appropriate decisions. Thus, it offers a range of courses that qualify students in administrative, financial, insurance, risk management, and actuarial aspects.

Admission Requirements: Passing the General Secondary Examination (Tawjihi), or its equivalent with an average of at least  65% in any stream.




Students can continue in this specialization if they obtain a GPA of 70% as a minimum in these courses: Insurance and Risk Management, Principles of Statistics, and Mathematics in Administrative Sciences.


Credit hours required for obtaining the degree in this program:

Total Free Major Requirements (75)  Faculty Requirements  University Requirements 
135 6 Elective Compulsory Elective Compulsory Elective Compulsory 
6 69 0 27 3 24

Intended Learning Outcomes (ILOs): 

Cognitive Skills: Graduates are expected to be able to: 

  • Grasp the basics of mathematics, statistics, and probabilities related to actuarial sciences and risk management.
  • Familiarize themselves with a wide range of principles and tools available for insurance and risk management professionals. 
  • Understand business ethics, professional practice, ethical standards, and quality concepts in the field of specialization. 
  • Comprehend how to apply computing in insurance and risk management. 
  • Be aware of research methodologies, tools, measurements, and analysis techniques.
  • Understand the principles of insurance and risk management in organizations. 
  • Be knowledgeable about international standards in insurance.

Mental Skills: Graduates are expected to be able to:

  • Select solutions for a wide range of problems related to insurance, its forms, and risk management methods.
  • Distinguish between all types of insurance.
  • Analyze and study actuarial sciences and different risk analyses.
  • Present a range of critical solutions and evaluations.
  • Analyze, infer, and act based on the scientific thinking approach.

Professional and Practical Skills (Applied Skills): Graduates are expected to be able to:

  • Analyze past events and predict quick and continuous changes in various aspects of financial markets.
  • Formulate and organize cohesive reports, whether verbal, written, or technical.
  • Evaluate current and future risks.
  • Utilize necessary software and IT in insurance work.
  • Efficiently choose scientific Apps and internet resources.
  • Provide solutions related to financial obstacles and problems faced by organizations.
  • Contribute to making long-term strategic decisions.
  • Prepare and price insurance policies.

General Skills: Graduates are expected to be able to:

  • Effectively collaborate with others.
  • Think in a pioneering and innovative manner.
  • Support a team culture and lead groups.
  • Balance between self-reliance and seeking help when needed in new situations.
  • Demonstrate personal responsibility by meeting multiple deadlines in complex activities
  • Employ mathematical and statistical skills as needed.

Potential workplace: Graduates can work in/for: 

  1. Production departments in local and regional insurance companies.
  2. Compensation departments in local and regional insurance companies.
  3. Main branches of insurance companies.
  4. Freelance work (entrepreneurship).
  5. Independent project/insurance office serving as an agent for insurance companies.
  6. Private job as a consultant in banks and government departments.
  7. Banks and lending companies.
  8. Insurance companies’ union.
  9. Capital Market Authority.
  10. Monetary authority.
  11. Financial markets.
  12. Financial brokerage companies.

Potential job titles:

  1. Motor Production and General Insurance Officer
  2. General Insurance and Motor Compensation Officer
  3. Reinsurance Employee
  4. Actuarial Expert.
  5. Insurance Agent
  6. Appraiser
  7. Risk/Facilities Department Employee.
  8. Employee at the Insurance Companies Union