A Bachelor’s degree in Insurance provides students with a comprehensive understanding of risk management, insurance principles, and financial planning. This program focuses on preparing students for careers in various areas of the insurance industry, including underwriting, claims, actuarial science, and risk analysis. Here’s an overview of what the program typically includes:

Program Overview

1. Fundamentals of Insurance: Students are introduced to the principles of insurance, covering topics such as the purpose of insurance, risk pooling, indemnity, and the functions of different types of insurance (life, health, property, and liability).
2. Risk Management: This course examines methods for identifying, analyzing, and managing risk, providing students with tools to assess potential risks for individuals, businesses, and organizations. It includes quantitative risk assessment techniques, loss prevention, and strategies for transferring or mitigating risk.
3. Underwriting and Claims: Students learn the processes involved in evaluating risks, determining premiums, and handling claims. They study underwriting principles and claims management to understand the technical side of pricing insurance products and handling policyholder claims.
4. Actuarial Science and Statistics: The program provides a foundation in mathematics, statistics, and probability to help students understand the modeling and pricing of insurance products. Actuarial science coursework is essential for students interested in becoming actuaries, as it involves analyzing data to forecast future claims and setting premium rates.
5. Insurance Law and Ethics: Students explore legal principles and ethical issues related to insurance, including regulations, contracts, and consumer protection. This course prepares students to navigate legal responsibilities, compliance, and the ethical standards required in the industry.
6. Financial Planning and Investment: This component covers personal and corporate financial planning, investment strategies, and wealth management. Students learn how insurance fits into broader financial planning, offering clients or companies comprehensive advice on managing finances and planning for contingencies.
7. Types of Insurance Products: This course dives deeper into specific insurance products, such as health insurance, life insurance, property and casualty insurance, reinsurance, and commercial lines. Students gain detailed knowledge of various policy structures, coverage types, and industry-specific considerations.
8. Data Analytics in Insurance: Modern insurance heavily relies on data analytics for decision-making, customer insights, and fraud detection. Students learn to analyze and interpret data, using tools and software to support claims analysis, policy pricing, and product innovation.

Career Paths

Graduates with a Bachelor’s degree in Insurance have diverse career opportunities, including:

• Underwriter: Assessing risks and determining insurance premiums.
• Claims Adjuster: Investigating and settling claims.
• Risk Analyst: Identifying and analyzing risk factors for businesses and individuals.
• Actuary: Using statistical methods to calculate premiums and predict future claims.
• Insurance Agent/Broker: Advising clients on insurance needs and selling policies.
• Loss Control Specialist: Helping companies minimize potential losses.
• Compliance Officer: Ensuring that insurance companies adhere to legal and regulatory standards.

A degree in Insurance prepares students to be integral parts of financial protection systems, aiding individuals and businesses in managing risk and providing security against unexpected losses.

Accommodation Fee

Application Documents Submission

Copy of the passport biographical page（be valid at least till December 2024） and copy of the visa issued by a Chinese embassy (if available)

High school graduation diploma or proof of impending graduation (in Chinese or English)

High school transcripts (in Chinese or English)

HSK report (Chinese-taught programs only)

Financial certification/bank statement (US$5,000 or above).

English language proficiency certificate, e.g. TOEFL/TOEFL Essential/IELTS/others. (English-taught programs only)

Candidates who have prior learning experiences in China should provide evidence of their academic performance from their previous institution(s).

Physical examination report issued within six months (the original report must be submitted upon registration).

An application fee of RMB800 / US$111 shall be paid within seven days of application through http://admission.whu.edu.cn for online payment. (non-refundable)

Note: Applicants must submit scanned copies of all required documents during application. All uploaded documents must be in Chinese or English; otherwise, notarized translations in Chinese or English are required. The original documents and notarized translations must be submitted upon registration.

Interview & Examination

Applicants who pass the application documentation review will proceed to the interview and entrance exam stage. The time and mode of the interview and exam will be advised via email. Outstanding applicants recognized by Wuhan University will be exempted from the interview.