Objectives of the Program
The WAII One Year Full-Time Residential Diploma Program for Prospective Middle-Level Managers is tailor-made professionally and all encompassing to meet up with international standard as well as the changing needs of its customers, the insurance industry and the supervisors within the sub-region.
Structure
The program is divided into two semesters. There are ten (10) modules per semester. Students are required to take a class Continuous Assessment test during each semester in all the subjects to account for 30% while the remaining 70% is achievable during the final examinations at the end of each semester. Students are also required to submit a group project work as additional prerequisite to the award of the WAII Diploma in Insurance.
1st SEMESTER
| S/N | SUBJECT CODE | SUBJECT | NO. OF UNITS | CREDIT HOURS |
| 1 | GC:101 | Business Ethics & Environment | 3 | 30 |
| 2 | GC:102 | Business Law and Insurance | 3 | 30 |
| 3 | TC:103 | Basic Principles of Insurance | 5 | 30 |
| 4 | TC:104 | Risk Management | 5 | 30 |
| 5 | TC:105 | Emerging Insurances | 5 | 60 |
| 6 | TC:106 | Life Assurance Practice and Taxation | 5 | 60 |
| 7 | TC:107 | Financial Aspects of Long Term Business & Investment | 5 | 30 |
| 8 | TC:108 | Pension Planning and Administration | 5 | 30 |
| 9 | MC:109 | Risk, Regulations and Capital Adequacy | 4 | 45 |
| 10 | MC:110 | Accounting and Finance for Managers in Insurance | 4 | 30 |
2nd SEMESTER
| S/N | SUBJECT CODE | SUBJECT | NO. OF UNITS | CREDIT HOURS |
| 1 | TC:201 | Underwriting Management | 5 | 30 |
| 2 | TC:202 | Introduction to Takaful Insurance | 5 | 30 |
| 3 | TC:203 | Motor Insurance | 5 | 45 |
| 4 | TC:204 | Liability and Personal Insurances | 5 | 45 |
| 5 | TC:205 | Special Risks Insurance and World Trade | 5 | 45 |
| 6 | TC:206 | Property and Pecuniary Insurance | 5 | 60 |
| 7 | TC:207 | Principles and Practice of Reinsurance | 5 | 30 |
| 8 | TC:208 | Claims Management | 5 | 30 |
| 9 | MC:209 | Principles and Practice of Management in Insurance | 4 | 30 |
| 10 | MC:210 | Insurance Marketing, Broking & Agency Management | 4 | 30 |
- Others
| 1 | RM: 211 | Research Methodology/Group Project Work | 8 |
Accreditations
WAII is affiliated to both the Chartered Insurance Institutes of London and Nigeria.
- With the CII London, holders of the WAII Diploma are awarded 95 credit units at Diploma level, out of the total 140 available under the recognition of prior learning awards leading to qualification with the body.
- The Chartered Insurance Institute of Nigeria grants the following exemptions to holders of the WAII Diploma.
- Four (4) subjects at the Foundation level;
- Three (3) subjects at the Intermediate level; and
- Three (3) subjects at the Advanced Diploma level.
WAII is also affiliated to following institutions:
- The Institutes ( CPCU), USA. Students who opt for this route can apply for waivers from the body.
- The Ghana Insurance Collage (GIC)