What is Insurance?

Insurance is a contractual agreement between an insurance company and an individual or organization, whereby the insurance company agrees to compensate the insured party for losses or damages that they may suffer due to specified events, in exchange for a premium. The primary purpose of insurance is to provide financial protection against unforeseeable risks and events, such as accidents, illnesses, natural disasters, and other liabilities, by transferring the risk of loss from the insured to the insurer. Insurance policies typically contain terms and conditions that outline the scope of the coverage, and the circumstances under which the insurer will provide compensation to the insured. 

Popular Insurance Courses

Top Bachelor Courses in Insurance:

1. Bachelor of Business Administration (BBA) in Insurance & Risk Management

2. Bachelor of Commerce (B.Com) in Insurance & Risk Management

3. Bachelor of Science (B.Sc) in Insurance and Actuarial Science

4. Bachelor of Arts (BA) in Insurance and Risk Management

5. Bachelor of Insurance and Finance

Top Master Courses in Insurance:

1. Master of Business Administration (MBA) in Insurance & Risk

2. Master of Commerce (M.Com) in Insurance & Risk Management

3. Master of Science (M.Sc) in Actuarial Science

4. Master of Science (M.Sc) in Insurance and Risk Management

5. Master of Insurance and Finance

Best Universities for Insurance 

Here are the top 10 universities for Insurance according to QS/THE rankings, along with the popular insurance courses they offer:

1. The Wharton School of the University of Pennsylvania (USA)

- MBA in Insurance & Risk Management

- BBA in Actuarial Science and Risk Management

- BBA in Insurance & Risk Management

2. University of Cambridge (UK)

- MPhil in Management Science (Actuarial Science and Mathematical Finance)

- MSc in Actuarial Science

3. City, University of London (UK)

- MSc in Actuarial Science

- MSc in Actuarial Management

4. National University of Singapore (Singapore)

- BBA in Risk Management & Insurance

- MSc in Financial Engineering

5. University of Toronto (Canada)

- MBA in Financial Services & Insurance

- Master of Financial Risk Management

6. Georgia State University (USA)

- BBA in Risk Management and Insurance

- MBA in Risk Management and Insurance

7. Cass Business School, City University of London (UK)

- MSc in Actuarial Science

- MSc in Actuarial Management

8. University of New South Wales (Australia)

- Bachelor of Actuarial Studies

- Master of Actuarial Studies

9. Nanyang Technological University, Singapore (Singapore)

- Bachelor of Business (Actuarial Science)

- Master of Science in Financial Engineering

10. University of California, Santa Barbara (USA)

- Bachelor of Arts in Financial Mathematics and Statistics

- Master of Science in Financial Mathematics