The One Year Diploma in Insurance

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.


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.



1GC:101Business Ethics & Environment330
2GC:102Business Law and Insurance330
3TC:103Basic Principles of Insurance530
4TC:104Risk Management530
5TC:105Emerging Insurances560
6TC:106Life Assurance Practice and Taxation560
7TC:107Financial Aspects of Long Term Business & Investment530
8TC:108Pension Planning and Administration530
9MC:109Risk, Regulations and Capital Adequacy445
10MC:110Accounting and Finance for Managers in Insurance430
1TC:201Underwriting Management530
2TC:202Introduction to Takaful Insurance530
3TC:203Motor Insurance545
4TC:204Liability and Personal Insurances545
5TC:205Special Risks Insurance and World Trade545
6TC:206Property and Pecuniary Insurance560
7TC:207Principles and Practice of Reinsurance530
8TC:208Claims Management530
9MC:209Principles and Practice of Management in Insurance430
10MC:210Insurance Marketing, Broking & Agency Management430


1RM: 211Research Methodology/Group Project Work8 
2BR: 212ECOWAS Brown CardN.E.
N.E. – Non-Examinable subject

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.
  • One (1) subject at Certificate level;
  • One (1) subject at the Diploma level; and
  • Three (3) subjects at the Advanced Diploma level
  • WAII is also affiliated to The Institutes in America. Students who opt for this route may also apply for waivers from the body.