|Tuition Fees:||$246 /year|
|Applications Begin:||10 January, 2020|
|Final Award:||Bachelor of Science in Business Administration (Insurance)|
|Start Date:||September 2020|
|Academic Unit:||Business School|
|Campus:||Legon/ City Campus|
|Application Deadline:||30 June 2020|
Insurance provides protection against financial losses resulting from a variety of hazards. Businesses and individuals who purchase insurance policies can receive reimbursement for losses due to car accidents, theft of property, and fire and storm damage; medical expenses; and loss of income due to disability or death. The insurance industry consists mainly of insurance carriers and insurance agencies and brokerages.
In general, insurance carriers are large companies that provide insurance and assume the risks covered by the policy. Insurance agencies and brokerages sell insurance policies for the carriers. The insurance industry also includes establishments that provide other insurance-related services, such as claims adjustment or third-party administration of insurance and pension funds.
UGBS’s B.Sc Amin (Insurance) programme is a well-structured combination of insurance specific courses and broader business and financial services courses. The programme provides students with uniform training for entry and middle level positions or for further studies.
The African insurance market is dominated by life insurance segments whiles its distribution channels have also evolved in the region with new medium of bancassurance gaining more popularity. For instance, since 2000, the Life Insurance sector in Ghana has seen a growth of not less than 50% year after year. But the challenging reality is that insurance penetration still remains very low in such developing economies.
Ghana’s new oil and gas industry presents an enormous potential to local insurance firms. Recapitalisations and restructuring are seriously being pursued within many of such firms to put them in good stead to take full advantage of the situation. This development is expected to result in recruitments of qualified staff and improvement on their general output and service delivery.
At the end of the programme, students are expected to:
• Be able to analyse the basic elements of risks and insurance, actuarial science and insurance management.
• Demonstrate an understanding of the theories of insurance and skills of professional transactions.
• Have a solid background of the functions of insurance companies, insurance interfirms, financial organisations and enterprises covering the fields of insurance management, insurance financial planning and risk management.
• Develop the ability to assess business and personal insurance needs, underwrite matching insurance policies and ascertain tax implications.
• PowerPoint Presentation
• Case Analysis
• Class Discussion
This programme also run through the Distance Education mode. The delivery is a combination of E-learning and face to face interactive sessions (blended/hybrid teaching approach). Students are provided with E-learning resources/materials for the programme.
Tutorials are held at weekends, and students interact online with their lecturers, tutors and other students using the Learning Management system (SAKAI).
ADVANTAGES OF STUDYING BY DISTANCE
• A flexible course delivery to fit your busy schedule.
• User friendly written course materials.
• Choice of Centre
• Equal access to higher education.
LEVEL 100 (First Year)
Science and Technology in our Lives
Critical Thinking and Practical Reasoning
Introduction to Business Administration
Introduction to Public Administration
Introductory French I/ Introductory Chinese I
Science and Technology in our Lives
Critical Thinking and Practical Reasoning
Introduction to Literature
Introduction to Computing in Business
Principles of Management
Psychology for Everyday Living
Introductory French II/ Introductory Chinese II
Academic Writing II
Microeconomics and Business
Commercial Law 1
Fundamentals of Accounting Methods
Social Responsibility and Ethics
Introduction to African Studies
Macroeconomics and Business
Commercial Law II
Introduction to Financial Accounting
For Ghanaian Students:
Core: Credit passes in English, Core Mathematics, Integrated Science & Social Studies
Electives: Credit passes in any three elective subjects
The programme is open to applicants interested in the Performing Arts with aggregate 12 or better. They will be expected to attend an audition or interview.
For International Students:
West Africa WASSCE:
Core: Credit passes in English, Core Mathematics, Integrated Science &a Social Science subject.
Electives: Credit passes in any Three (3) Elective subjects.
American High School:
American High School Grade 12
An applicant for admission to a degree programme in the University of Ghana must have and a Final Grade Point of at least 3.0
GCE (Cambridge) – ‘A’ Levels:
Any Three (3) ‘A’ Level subjects
For Distance Education
SENIOR HIGH SCHOOL GRADUATES
Applicants must possess at least credits (A1- C6 in WASSCE and A-D in SSSCE) in English, Core Mathematics and Integrated Science (for Science applicants) or Social Studies (for non-science applications) and three elective subjects in General Arts/ Business/Science. In addition, applicants should also have at least a grade C6 in WASSCE/D in SSSCE in Integrated Science/Core Science.
DIPLOMA APPLICANTS (DIPLOMA TO DEGREE)
You must possess an FGPA OF 3.25 or better from University of Ghana and passes in five subjects including English Language at the GCE ‘O’ level or credit in all the core subjects and two electives at the WASSCE/SSCE level or credit in all the core subjects and two electives at the WASSCE/ SSCE level. Diploma holders from institutions affiliated to university of Ghana may also apply. The Diploma course should be offered at the degree level .All post Diploma students are admitted at level 200.The degree course should be in the same area of the Diploma.
HIGHER NATIONAL DIPLOMAS(HND)
HND holders from recognised polytechnics/technical universities with a Final Grade Point Average (FGPA) of 4.00 or better in programmes that will be advertised, are eligible to apply to the SAME area of study, and where required, supported with one other subject in a related field, for admission. In addition, such applicants MUST have WASSSCE/SSSCE passes in three (3) core subjects and (2) electives in the appropriate subjects or credit passes in five subjects including English Language, Science and Mathematics at the GCE ‘O’ level as well as passes in two subjects at the GCE ‘A’ level. Applicants may be asked to write an entrance examination and or attend an interview as part of the admission process. All HND holders will be admitted to Level 200 in the same area subject as their HND qualification.
These include International Baccalaureate (IB), IGCSE, GCSE, the America Grade12 and 13 examinations and other external qualifications, which have equivalences to SSCE/ WASSCE and the GCE.
Mature persons who do not satisfy the approved requirements may apply for admission. Applicants must be at least 25 years at the time of application, attend and complete the University of Ghana Access Course and pass the Mature Students’ Entrance Examination conducted by the University.
1. GHANAIAN APPLICANTS
University of Ghana online application E-VOUCHERS can be obtained by Ghanaian applicants for GH¢200.00 at the following banks: Ecobank, Republic Bank, Agricultural Development Bank, Ghana Commercial Bank, Zenith Bank, Universal Merchant Bank, Consolidated Bank Ghana (CBG), Prudential Bank and Fidelity Bank. Ghanaian applicants in the following categories are expected to apply using the E-VOUCHER:
WASSSCE/SSSCE Applicants and Ghanaians with Foreign Background
WASSCE/SSSCE applicants and Ghanaians who apply with foreign qualifications from schools which write the International Baccalaureate (IB) and the IGCSE such as Alpha Beta, Faith Montessori International School, Ghana International School, New Nation International School, SOS – Hermann GMEINER International College and Tema International School etc., should do the following:
At any of the Banks listed above, applicants will be required to indicate their names, mobile phone numbers and e-mail addresses on the bank voucher before they are served. Those without e-mail addresses will however not be disadvantaged. A confirmation of their Pin will be sent to their mobile phones. After purchasing the e-voucher, applicants should CAREFULLY follow the instructions given. After the application has been submitted on-line, the e-voucher should be kept in a safe place as it may be required by applicants when accessing their admission status at a later date.
DIPLOMA/HND TO DEGREE APPLICANTS
After buying the e-voucher, Diploma/HND to Degree applicants are expected to scan and attach the following documents to their online application forms:
Where applicable, certified copies of ‘O’ and ‘A’ Level certificates/result slips
The pay-in-slips together with applicants’ certificates/result slips should be scanned and attached to the application form before submission online. The certificates/results slips should be scanned into one PDF or WORD document and attached to the application form.
2. INTERNATIONAL STUDENTS AND GHANAIANS APPLYING FROM ABROAD
International applicants and Ghanaians applying from abroad should NOT buy the e-voucher. They should use the following this link to access the online application form for completion and submission.
Online Application for International & Ghanaians Abroad Undergraduate applicants
All applicants are expected to pay to the University a non-refundable application processing fee of US$110.00.This fee can be paid directly or wire transferred into the University of Ghana ECOBANK Account.
Details of the Account are:
Account Name: University of Ghana Foreign Students Fees
Account Number: 2441000716652
Bank Details: Ecobank Ghana Limited, Legon Branch
or International Transfer through Ecobank (2441000716652 or 1441000716647
or Payment with Credit Card on the GT payment platform.
The pay-in-slips together with applicants’ certificates/result slips should be scanned and attached to the application form before submission online. The certificates/ results slips should be scanned into one PDF or Word document and attached to the application form.
Note that no application will be processed without proof of payment of the fee.
Career options in the insurance industry are broad and include the following:
• Health and medical insurance
• Fire insurance
• Motor vehicle insurance
• Life insurance
• Disability, trauma and critical care insurance
• Agriculture and farm insurance
• Travel insurance
• Income, risk and financial insurance
• Pet insurance
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Dr. Anthony Afful Dadzie
Dr. Eric Afful-Dadzie
Dr. Emmanuel Kolog Awuni
Dr. Francis Yaw Banuro
Professor. Richard Boateng
Prof. John Effah
Dr. Kwaku Ohene-Asare
Dr. Acheampong Owusu
Mr. P. K Senyo