JAMB Subject Combination for Insurance And Risk Management

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Risk management is the identification, evaluation, and prioritization of risks (defined in ISO 31000 as the effect of uncertainty on objectives) followed by coordinated and economical application of resources to minimize, monitor, and control the probability or impact of unfortunate events or to maximize the realization of opportunities.

Risks can come from various sources including uncertainty in international markets, threats from project failures (at any phase in design, development, production, or sustaining of life-cycles), legal liabilities, credit risk, accidents, natural causes and disasters, deliberate attack from an adversary, or events of uncertain or unpredictable root-cause.

There are two types of events i.e. negative events can be classified as risks while positive events are classified as opportunities. Risk management standards have been developed by various institutions, including the Project Management Institute, the National Institute of Standards and Technology, actuarial societies, and ISO standards. Methods, definitions and goals vary widely according to whether the risk management method is in the context of project management, security, engineering, industrial processes, financial portfolios, actuarial assessments, or public health and safety.

Strategies to manage threats (uncertainties with negative consequences) typically include avoiding the threat, reducing the negative effect or probability of the threat, transferring all or part of the threat to another party, and even retaining some or all of the potential or actual consequences of a particular threat. The opposite of these strategies can be used to respond to opportunities (uncertain future states with benefits).

Certain risk management standards have been criticized for having no measurable improvement on risk, whereas the confidence in estimates and decisions seems to increase

The Bachelor’s Degree in Insurance And Risk Management is competitive. Knowing the prerequisites will enable you have seamless registration and also avoid unnecessary mistakes.

This page provides the following:

Insurance And Risk Management O’Level Subjects and Requirements;
Insurance And Risk Management Direct Entry Subject and Requirements;
Insurance And Risk Management UTME Subjects Combination;
And other useful information that will enable you to make the right choices so that you gain admission to study Insurance And Risk Management.

Please read the Insurance And Risk Management programme admission requirements below carefully. If you meet the required prerequisites you may proceed with your UTME/Direct Entry registration.

PLEASE NOTE: There are variations to the requirements listed below in some universities. In that case, it’s advisable you make references to the PDF version of JAMB Brochure.

List of Universities Offering Insurance And Risk Management

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UTME and Direct Entry Requirements to Study Insurance And Risk Management

Direct Entry Requirement for Insurance And Risk Management:

Two (2) A Level passes chosen from Economics, Accounts, Business Management, Government, Geography or Statistics

UTME Requirement for Insurance And Risk Management:

Five (5) SSC credit passes including English Language, Mathematics, Economics plus any two(2) of Accounting, Business Methods, Commerce, Government, Geography and Statistics.