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Risk Management and Insurance Programme (RMI)

Today’s society faces major challenges such as global warming, ageing, catastrophic risks and emerging threats such as cyber-attacks. They have been increasing in magnitude and complexity. To properly execute their job functions, risk managers and insurers need to develop innovative solutions and tools. They need to enhance corporate and personal risk management. 

Moreover, the emerging economies in the Asia-Pacific region are growing rapidly. They have shown an unprecedented business potential for the Singapore RMI industry as a hub in this region. Catching up with economic developments, the Asia-Pacific Insurance market is growing fast. However, to enhance risk management and address this growing demand for insurance, RMI businesses need to understand the underlying social and cultural factors associated with corporate and personal behaviour.  

In recognising the need to develop a pipeline of talent for the RMI sector in the Asia-Pacific region, with the support of the Monetary Authority of Singapore (MAS) and the insurance industry, the NBS has decided to launch a Risk Management and Insurance (RMI) Programme from AY2015-16. With innovative courses, the RMI programme is designed to equip students with the key foundation that could help tackle insurance and financial risk management problems and find solutions.

In RMI, several insurance courses are intended to cover topics that correspond to the Chartered Insurance Institute (CII) units. Successful completion of those courses makes students ready to take corresponding CII examinations.

Programme Structure for RMI Specialisation

The Bachelor of Business programme is made up of two main components: Core and Broadening. The Core component links theory with real-world practice to equip students with strong competencies in problem-solving and interpersonal skills.  This will enable students to handle unstructured, complex and strategic challenges in the business arena. The core component includes courses specific to the RMI specialisation. The Broadening component, or the General Education Requirement (GER), allows students to broaden their perspectives through a course of study that is beyond their major discipline.

Minors

Opportunities for more focused interdisciplinary learning and exposure are available through the University Minor Programme. This allows the student to pursue up to 2 secondary fields of study outside the Nanyang Business School, out of a list of over 30 minors offered by other Schools in the University. These include Communication Studies, Psychology, Entrepreneurship, Mathematics and Public Administration. Minor courses taken will go towards fulfilling Unrestricted Elective requirements of the General Education Requirement.

  • CORE Common
    Common Core Courses

    AD1101 Financial Accounting

    AD2101 Management Accounting

    AB1201 Financial Management

    AB1202 Statistics & Analysis

    AB1601 Organisational Behaviour & Design

    AB1301 Business Law

    AB1501 Marketing

    AB1401 Information Technology

    AB1402 Foundational Excel

    AB3601 Strategic Management

    HW001 English Proficiency* (Required for those who have not passed or are not exempted from the Qualifying English Test for admission.)
  • CORE Business
    Business Enhancement Courses

    BE1401 Business Operations & Processes

    BE2601 Principles of Management

    Choose 1 from the following:
    • AC2302 Company Law & Corporate Governance (N/A for ACBS students)
    • BE2501 International Business Environment
    • BE3201 Entrepreneurial Finance
    • BL9301 Law of Commercial Transactions
    • BL9304 Negotiation & Dispute Resolution
    • BH3604 Managing Organisational Change
    • AB9601 Negotiate to Get What You Want: Strategy and Practice
    Specialisation Core Courses

    • BR2201 Risk Modeling
    • BR2202 Insurance Law and Regulations (CII units: P05 and P21)
    Specialisation Prescribed Electives

    Choose 4 Specialisation Prescribed Electives:
    • BR2203 Econometrics and Applications
    • BR2204 Introduction to Financial Risk Management
    • BR2205 Insurance Practice (CII units: P80, P81, P85, and P97)
    • BR2206 Life Insurance Underwriting and Claims
    • BR3201 Insurance Mathematics
    • BR3202 Risk Theory
    • BR3203 Principles of Enterprise Risk Management
    • BR3204 Property and Liability Insurance (CII units: P93, P94 and P96)
    • BR3205 Marine and Aviation Insurance (CII units: P91 and P98)
    • BA3206 Insurance Operations and Financial Analysis (CII units: P63 and P92)
    • BR3206 Alternative Risk Transfer
    • BR3207 Reputational Risk Management
    • BR3208 Operational Risk Management
  • CORE Career & PA
    Career Foundations

    This is a set of professional development courses to enhance your readiness for the job market upon graduation. Find out more in Career Services.

    Professional Attachment

    You will be required to undergo an eight- to ten-week internship to acquire first-hand work experience, possibly even securing a job before graduation. Our strong corporate links ensure access to a wide variety of local and multinational businesses, to which you will be matched based on relevant skills and interests.

  • GER Core
    For Students Admitted in AY14 & after

    GER Core Courses

    AB0901 Principles of Economics (This course will also cover topics on Singapore Studies.)

    AB0601 Communication Management Fundamentals

    AB0602 Communication Management Strategies

    And three of the following 1 AU course:
    • HY0001 Ethics & Academic Integrity
    • GC0001 Introduction to Sustainability: Multidisciplinary
    • ET0001 Enterprise & Innovation
    For Students Admitted in AY11 to AY13

    GER Core Courses

    AB0901 Principles of Economics (This course will also cover topics on Singapore Studies.)

    AB0601 Communication Management Fundamentals

    AB0602 Communication Management Strategies

    And choose one of the following courses on Environmental Sustainability:
    • AB0001 Sustainability: Issues, Reporting & Finance
    • AB0301 Legal & Ethical Issues in Sustainability
    • AB0402 Sustainability, Innovation & Operations
    • AB0501 Green Marketing
    • AB0502 Managing Sustainability
    • AB0603 Business Gone Green: Managerial Issues
  • GER PE
    For Students admitted in AY14 and after

    GER Prescribed Electives

    You are required to take 3 Prescribed Electives, one each from the following areas:

    • Liberal Arts
    • Science, Technology & Society
    • Business & Management:
      • AB0001 Sustainability: Issues, Reporting & Finance
      • AB0301 Legal & Ethical Issues in Sustainability
      • AB0402 Sustainability, Innovation & Operations
      • AB0501 Green Marketing
      • AB0502 Managing Sustainability
      • AB0603 Business Gone Green: Managerial Issues
    These electives, which are broadly relevant to all professions, are designed to help youunderstand and appreciate broader issues and trends beyond your major discipline.
    For Students admitted in AY11 to AY13

    GER Prescribed Electives

    You are required to take 3 Prescribed Electives, one each from the following areas:
    • Arts, Humanities & Social Sciences
    • Science, Technology & Society
    • Liberal Studies
    These electives, which are broadly relevant to all professions, are designed to help you understand and appreciate broader issues and trends beyond your major discipline.
  • UE
    Unrestricted electives are courses that complements the curriculum of your primary degree. Students may choose to undertake URECA, (Undergraduate Research Experience on Campus), read courses from the Nanyang Technopreneurship Center, Energetics Research Institute, National Institute of Education or any of the 4 colleges (College of Humanities, Arts, and Social Sciences, College of Engineering, College of Science and Nanyang Business School) within NTU.
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