Course at a glance
| Degree awarded | Bachelor of Science (B.Sc) in Insurance |
|---|---|
| Duration | 4 years, then NYSC |
| Faculty / college | Faculty of Management / Administrative Sciences |
| Professional body / certification | Chartered Insurance Institute of Nigeria (CIIN) |
| UTME subjects | Use of English, Mathematics, Economics, and one other Social Science subject |
| Competitiveness | Moderately competitive |
On this page
- What Insurance is about
- A brief history of the discipline
- What you will study
- Why study Insurance & who it suits
- Careers & where graduates work
- Salary outlook in Nigeria
- Where it’s offered
- Is it a good course?
- Skills you’ll gain
- Licensing, professional bodies & further study
- How to get in (UTME requirements)
- Practise the UTME subjects free
- Related & alternative courses
- Frequently asked questions
What Insurance is about
Insurance is the business of managing risk — protecting individuals and organisations against financial loss by pooling and pricing risk. It is a specialised branch of finance.
A brief history of the discipline
Insurance is one of the pillars of a modern financial system, and in Nigeria the profession is led by the Chartered Insurance Institute of Nigeria (CIIN).
What you will study
You study principles and practice of insurance, risk management, actuarial fundamentals, insurance law, finance, and underwriting and claims — with an industrial attachment and a project.
Why study Insurance & who it suits
It suits numerate students interested in risk, finance and business. Strong Mathematics helps.
Careers & where graduates work
Graduates work in insurance and reinsurance (underwriting, claims, broking), risk management, and finance more broadly, with CIIN professional certification advancing careers.
Salary outlook in Nigeria
Insurance pay grows with experience and CIIN qualification, with roles across underwriting, claims, broking and risk.
| Career stage | Typical monthly pay (approx.) |
|---|---|
| Entry (graduate) | ₦100,000 – ₦250,000 |
| Mid-level | ₦300,000 – ₦600,000 |
| Senior / management | ₦700,000 – ₦1,500,000+ |
Figures are rough approximations (monthly gross) as of 2026, drawn from Nigerian salary aggregators. Actual pay varies widely by sector (oil & gas, fintech and multinationals pay far above the public service), employer, location (Lagos and Abuja pay more) and experience — treat these as a guide, not a guarantee.
Where it’s offered: notable universities
Insurance is offered by many Nigerian universities. Well-regarded, widely-recognised programmes include the University of Lagos, Lagos State University, University of Benin and the University of Jos, among others.
This is not a ranked or exhaustive list — always confirm the current institutions and their requirements in the official JAMB brochure, or use our subject combination checker and the Insurance admission guide.
Is Insurance a good course to study in Nigeria?
Insurance is a specialised finance field with steady demand and a clear CIIN professional path, and its risk skills transfer widely.
Why it’s a strong choice:
- Steady demand in a growing sector.
- A clear CIIN professional path.
- Transferable risk and finance skills.
- Multiple roles — underwriting, claims, broking and risk.
Challenges to weigh:
- Entry pay is modest.
- The sector can be under-appreciated by job-seekers.
- Competitive.
- Value grows with CIIN qualification and experience.
It suits numerate students interested in risk and finance.
Skills you’ll gain
Beyond subject knowledge, Insurance builds transferable skills valued across many careers:
- Risk assessment
- Insurance and underwriting knowledge
- Financial analysis
- Customer and relationship skills
- Communication
- Problem-solving
Licensing, professional bodies & further study
B.Sc Insurance (4 years) → NYSC → employment in insurance/risk, with CIIN professional qualification for progression.
How to get in: Insurance UTME requirements
The JAMB UTME combination for Insurance is Use of English, Mathematics, Economics, and one other Social Science subject. You also need five relevant O’Level credits including English Language and Mathematics.
Confirm the exact requirement for your university, and aim well above the national minimum.
Practise the UTME subjects free
Prepare with free official-syllabus notes and timed CBT practice for your UTME subjects:
- Use of English — practise CBT
- Mathematics — practise CBT
- Economics — practise CBT
- Plus your fourth (Social Science) subject, e.g. Government or Commerce
Related guides
- How to choose the right course for JAMB
- Good courses you can study with a low JAMB score
- Understanding the JAMB brochure & subject combinations
- How to use the JAMB eligibility checker
- How to change your course or institution on JAMB
Related & alternative courses
If you like Insurance, you may also want to explore these related courses:
Frequently asked questions
How long is Insurance in Nigeria?
The B.Sc typically takes 4 years, followed by the one-year NYSC.
What are the JAMB subjects for Insurance?
Use of English, Mathematics, Economics and one other Social Science subject.
What does an insurance professional do?
They assess, price and manage risk — for example underwriting policies, settling claims, broking cover and managing organisational risk.
Is Insurance a good course to study?
Yes — it offers a clear professional path (CIIN) in a growing financial sector, and its risk skills transfer widely across finance.
Is Insurance a good course to study in Nigeria?
Yes — it offers a clear professional path (CIIN) in a growing financial sector, and its risk skills transfer widely across finance.
What jobs can I get?
Underwriting, claims, broking and risk-management roles in insurance and reinsurance, and finance roles more broadly.
Does Insurance pay well?
Pay grows well with experience and CIIN qualification, particularly in risk and management roles.
Is CIIN needed?
It is not compulsory, but CIIN professional qualification strengthens prospects and is valued for advancement.
Sources: Course content and professional pathways summarised from Nigerian faculties of management sciences and the relevant professional institutes; admission requirements from the official JAMB UTME brochure. Last checked: 22 Sept 2026. Belmadeng is an independent study platform and is not affiliated with JAMB, the NUC or any professional body. Programme structure, duration and requirements vary by university — always confirm details with your chosen institution and the official JAMB brochure.