Bachelor of Commerce Majoring in Short-Term Insurance

Introduction

As the short-term insurance industry expands and professionalises, there's a growing need for professionals with strong business management skills and a deep understanding of the industry. This programme offers a solid foundation in business principles, accounting, marketing, and economics, while specialised modules provide in-depth knowledge of the key principles and practices driving the short-term insurance sector.

Next Start Date

17 February 2025

Duration

3 Years

NQF Level

SAQA ID

90509

Credits

360

Introduction

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About the Programme

This qualification is designed for individuals who require a strong foundation in general business principles, including accounting, marketing, economics, and quantitative skills and those wanting to apply for the designation of a Fellow (FIISA) awarded by the IISA.

The Bcom degree with a major in Short Term Insurance equips students with knowledge of a wide range of products, including specialist offerings in the short-term insurance industry. You’ll understand regulations, claims processes, underwriting, risk management, and reinsurance. This combined understanding enables ethical and professional decision-making based on industry-specific scenarios. The degree provides a solid educational foundation in commerce, covering key areas like business management, accounting, and economics. It’s designed to impart practical competence and knowledge base for students entering the labor market or pursuing further studies.

Programme Structure

Microeconomics
Macroeconomics
General Management
Liability Insurance
Short Term Insurance Environment
Risk Management
Commercial Property and Business Interruption Insurance
Reinsurance
Advanced Insurance Products
Case Study

Please refer to the factsheet for a detailed breakdown of modules.

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Applicants require a National Senior Certificate (please take note of the applicable minimum criteria listed below).

Minimum Admission Requirements

Candidates who matriculated in 2007 or earlier with a Senior Certificate

Require a minimum of 24 points on the Milpark points system.
Require a symbol of E or higher for Mathematics on HG, or a symbol of D or higher for Mathematics on SG.
Candidates who do not meet the Mathematics requirement but who have achieved a rating of 4 or higher in any two of the following subjects may be offered admission on condition that they successfully complete the bridging programme: Economics, Business Economics, Accounting, Physical Science or Physics/Chemistry, Natural Science or Biology.
Candidates who do not meet the 24-point admission criterion, may apply to Universities South Africa (USAF), for mature age exemption (https://mb.usaf.ac.za/).

Candidates who matriculated in 2008 or later with a National Senior Certificate

Require a minimum of 50% in four NSC 20-credit subjects, including English.
A minimum mark of 50% for Mathematics or 70% for Mathematics Literacy.
Candidates who do not meet the Mathematics requirement but who have achieved a minimum mark of 50% or higher in any two of the following subjects may be offered admission on condition that they successfully complete the bridging programme: Economics, Business Economics, Accounting, Physical Science or Physics/ Chemistry, Natural Science or Biology.

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Resources and Support Information

Factsheet

Download our factsheet for everything you need to know about our BCom with a Major in Short Term Insurance.

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Textbooks

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Fees and Payment Terms

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Timetable

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Technology Requirements

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BCom Streams

Your BCom learning journey – navigate the path to success.

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Learning Online

Learn from anywhere with Milpark's online programmes. Access all content and assessments in our virtual learning environment, and study at your own pace with no set meeting times. You have optional live sessions and recorded classes, and lecturers on standby to assist you with all your queries in an online chat room.

Distance Learning Online

Milpark’s instructor-led online programmes offer flexible learning, as well as access to all content, activities, and assessments in our virtual learning environment. You’ll receive milestones to ensure you are focused, and regular online engagement with lecturers to support your learning. For certain modules, you can also attend live classes or watch recordings at your convenience and be part of the online community of students.