Jie Jun Jeremy recently completed the Master of Science in Insurance and Sustainable Risk Management course – he speaks to The Journal about his experience
Why did you choose to do the MSc in Insurance and Sustainable Risk Management (ISRM) course, considering you are already a Fellow of the CII?
The CII Fellowship is regarded as a major professional qualification that helps to demonstrate one’s commitment to continuing professional development in insurance. However, I wanted to further my knowledge in the area of technology application to emerging risk in the insurance and risk management industry.
In the era of digitalisation and through my involvement with insurance professionals, I was aware that the insurance profession has been facing rapid changes; and these changes will continue to escalate in the foreseeable future. Consequently, there will be a shortage of insurance professionals who hold the necessary knowledge and relevant skillsets to implement the digital solutions of insurance business and innovate sustainable insurance products.
Hence, I decided to pursue a course that explored the application of modern technology to advanced and emerging insurance and sustainable risk management topics.
What have you learned from the Glasgow Caledonian University London (GCU) qualification?
GCU’s MSc ISRM is a well-designed, advanced insurance course and it helped me to apply my knowledge about new technology and information systems to the insurance and risk management business. One of the modules that I found most interesting was ‘Insurance Automation, Analytics, Digitalisation and Cybersecurity’.
Furthermore, the blended assessment methods – including academic essays, analytical business reports and oral presentations, supported by in-depth data analysis to fulfil the coursework requirements – helped me to develop my domain knowledge and skills. The encouragement that I received from the course tutors to engage in the study as well as to explore the gained knowledge in an external setting was remarkable.
I believe that courses like this will interest insurance practitioners who have experience and want to further their professional qualification to an academic degree, as well as fresh graduates who want to deepen their knowledge and better prepare themselves for a career in insurance and risk management.
What are your tips to study and learn effectively?
In terms of planning, I used the sticky notes on my laptop, which helped me to track all lectures and coursework submission deadlines. I prioritised my tasks chronologically, with appropriate weights and allocation of time given in accordance with their importance. I was also unafraid to reach out to my lecturers and mentors when necessary to improve my understanding of the lecture topics.
Most importantly, it is critical to have a fair amount of grit – to stick to your long-term goals in spite of adversity. Margaret M Perlis’s article on “5 Characteristics of Grit – How Many Do You Have?” could be an interesting read for those who are keen to know more about it.
Image Credit | IKON
MSc Insurance and Sustainable Risk Management
The Glasgow Caledonian University (London) offers a newly developed advanced course in insurance. It integrates the principle of solidarity as an underlying concept of insurance and promotes insurance as common good within the scope of the United Nations’ Sustainable Development Goals. After successful completion, the students are eligible for substantial exemptions towards ACII and CPCU qualifications.