LASU LogoLagos State University - Faculties/Colleges/Schools/Centres
 

INSURANCE  UNIT
BRIEF HISTORY
With the establishment of the Faculty of Management Sciences in 1999, the Department was established as a full University Academic Degree awarding Development.  This status was maintained till 2005 when the faculty was merged into three departments.  Insurance thus became a Degree Awarding Unit of the Department of Accounting and Finance.

MOTTO:  CREATING QUALITY RISK TRANSFER MANAGERS FOR ECONOMIC STABILITY
OBJECTIVES

  1. To equip and expose students to the concepts and principles of Insurance.
  2. To provide students with the knowledge required to operate as professionals in the field of Insurance.
  3. To provide students with understanding of modern tools in risk transfer.

ADMISSION REQUIREMENTS


COURSE UNIVERSITIES/COURSE CODE

                              REQUIREMENTS

UME
SUBJECTS

SPECIAL CONSIDERATION (WAIVERS)
REMARKS

 

DIRECT ENTRY

UME

 

 

INSURANCE LASU
12214A

Two `A` level passes chosen from, Economics, Accounts, Business Management , Government, Geography or Statistics, Full Time accepts only LASU Diploma at Upper Credit Level in Relevant discipline.

Five `O` Level credit passes including English Languages, Mathematics Economics Plus any two of Accounting, Business Method, Commerce, Government, Geography and Statistics.

Mathematics, Economics, and one Social Science subject.

 

OND/HND not admissible for Direct Entry.

 
DEGREE REQUIREMENTS
To satisfy the requirements for graduation, a student must take a minimum of 144 units for a 4- year programme or 108 units for a 3- year programme.  A student shall be required to pass a minimum of  180 units for a 5-year  programme ,  144 units for a 4-year programme or 108 units for a 3-year programme, including all compulsory courses and project before he/she can qualify for the award of a degree of this University.  All students shall be required to pass a specified number of General University required courses before they can quality for the award for the award of a degree of this University.  

 COURSE SECHEDULE
 100 LEVEL
First Semester


Course
Code

Course Title

Course
Unit

Course
Status

GNS 101

Use of Library

C

2

INS 101

Introduction to Insurance 1

C

3

BUS 103

Introduction to Business 1

C

3

ACC101

Introduction  to Accounting

C

2

MKT 101

Elements of Marketing 1

C

2

ECO 101

Introduction to Economics 1

C

2

MAT 103

Mathematics for Mgt, & Social Sciences 1

C

3

MAT 105

Statistics for Mgt & Social Sciences 1

C

2

JIL  105

General Principles of Law 1 for non Law Students

C

2



Elective: Choose any one


Course code

Course Title

Status

Unit

BFN 101

Introduction to Finance

E

3

PSY 101

Introduction to Psychology 1

E

2

SOC 101

Introduction to Sociology 1

E

2

                                                                                                                                                               
Second Semester         


Course Code

        Course Title

Status

Units

GNS 102

Use of English

C

2

INS 102

Introduction to Insurance II

C

3

ACC 102

Introduction to Accounting II

C

2

BUS 102

Elements of Management II

C

3

MKT 102

Elements of Marketing  II

C

2

ECO 102

Introduction to Economics II

C

2

MAT 104

Mathematics for Mgt & Social Sciences II

C

3

MAT 106

Statistics for Mgt & Social Sciences II

C

2

JIL  106

General Principles of Law II for non Law Students

C

2

Electives: Choose any one


Course Code

                             Course Title

Status

Units

BUS 104

Introduction to Business Enterprises

E

3

BFN 102

Elements of Banking

E

3

SOC 102

Introduction to Sociology II

E

2

PSY 102

Introduction to Psychology II

E

2

 


  

200 Level
First Semester


Course Code

Course Title

Status

 Units

GNS 201

Lagos and its Environs

C

2

INS 203

Economics of Insurance I

C

3

INS 201

Property & Liability Insurance I

C

2

BFN 203

Time Value of Money (Engineering Economics)I

C

2

ACC 201

Financial Accounting I

C

2

ACC 203

Introduction to Cost Accounting

C

2

ECO 201

Micro Economics I

C

2

ECO 203

Macro Economics

C

2

CSC 201

Computer Application for Arts, Education, Management and Social Sciences II

C

2

PPL 201

Law of Torts for non – law students I

C

2

Electives: Choose any one


Course Code

Course Title

Status

Units

BUS 203

Business Communication

E

2

IRP 201

Recruitment, Selection & Placement

E

2

MKT 201

Consumer Behaviour I

E

2

Second Semester


Course Code

Course Title

Status

Units

GNS 202

African History & Culture

C

2

INS 202

Economics of Insurance II

C

3

INS 204

Property & Liability Insurance II

C

2

ACC 204

Introduction to Management Accounting

C

2

BUS 302

Human Resources & Organisational Behaviour

C

3

ECO 202

Micro Economics II

C

2

ECO 204

Macro Economics II

C

2

MAT 206

Statistics for Management and Social Sciences II

C

2

PPL 202

Law of Torts for non –law students                        

C

2

Electives: Choose any one


Course Code

Course Title

Status

Units

BFN 204

Time Value of Money (Engineering Economics) II

E

2

IRP 202

Organization Structure & Design

E

2

MKT 202

Consumer Behaviour II

E

2
                                                                                                                                                            

300 Level
First Semester


Course Code

Course Title

Status

Units

GNS 301

Philosophy & Logic

C

2

INS 301

Life Insurance

C

3

INS 303

Risk Management I

C

3

INS 305

Marine & Aviation Insurance I

C

2

INS 307

Reinsurance I

C

2

INS 309

Introduction to Actuarial Science

C

2

INS 314

Insurance Accounting

2

C

INS 399

Research Methodology

3

C

BUL 307

Business Law for non – Law students

C

2

CSC 301

Computer Application for Management & Social Sciences

C

2

Electives: Choose any one


Course Code

Course Title

Status

Units

PAD 303

Development Administration

E

2

PAD 305

Issues in Nigerian Government & Administration

E

2

Second Semester


Course Code

Course Title

Status

Units

GNS 302

Man & Science

C

2

INS 302

Health & Medical Insurance

C

2

INS 304

Risk  Management II

C

3

INS 306

Marine & Aviation Insurance II

C

2

INS 308

Reinsurance II

C

2

INS 310

Insurance Broking

C

2

INS 312

Insurance Research

C

3

BUL 308

Company Law for non – Law students

C

2

PUL 312

Elements of Government

C

2

Electives: Choose any one


Course Code

Course Title

Status

Units

BFN 320

Financial Management

E

2

ECO 207

Labour Economics and Management

E

2

 400 Level
First Semester


Course Code

Course Title

Status

Units

INS 401

Oil and Gas Insurance

C

3

INS 403

Engineering  Insurance

C

2

INS 405

Insurance Claims Management

C

2

INS 499

Research Project

C

3

INS 407

Motor Insurance

C

2

FMS 401

Entrepreneurship Development

C

3

BUS 401

Business Policy & Strategy I

C

3

Electives: Choose any one


Course Code

Course Title

Status

Units

ACC 415

Insurance Accounting

E

2

ACC 407

Management Information System I

E

2



Second  Semester


Course Code

Course Title

Status

Units

INS 402

Transportation Insurance

C

3

INS 404

Pension & Social Insurance

C

3

INS 406

Insurance Management in Nigeria

C

2

INS 408

Comparative Insurance System

C

2

INS 410

Insurance Marketing

C

3

INS 498

Research Project

C

3

BUL  401

Insurance Law for non – law students

C

2

BUS 404

Business Strategy & Policy II

C

3

Electives: Choose any one


Course Code

Course Title

Status

Units

INS 412

Globalization of Insurance

E

2

ACC 408

Management Information System II

E

2

S/N

NAMES

QUALIFICATION

DESIGNATION

RESEARCH INTEREST /AREA OF SPECIALIZATION

1.

Mr. Onafalujo, A.K.
1

BSc. Actuarial Science
MSc.  Finance, ACS, MSM

Lecturer II

Risk Management,
Pensions Management and Life Insurance

2.

Mrs. Oyetayo, Y.A.

 

 

 

B.Sc. (HONS) Sociology (LASU)
M.A. Legal Studies (Leicester).
M.Sc. (Management UNILAG.LLB (LASU)
ACII (LONDON)

Lecturer  II

Insurance Law
Insurance  Management, and Liability Insurance

3.

Mr. Nwankwo, S.I.
2

B.Sc. Insurance (UNILAG)
M.sc. (Bus. Admin/Mgt) UNILAG
AMNIM,MNIMN,MSM, ACIS

Lecturer II

Insurance, Marketing
Management Marine Insurance

4.

 Mr. Asokere, A.S.
3

B.sc. (Hons)
Insurance (lag)
M.Sc. (Bus Admin) (Lag)
MSM

Assistant Lecturer

International & Comparative Insurance Business, Reinsurance & Insurance Business Research.

5.

 Mr. Ajemunigbohun A.S
4   

B.Sc. Insurance (LASU)
M.SC Business Administration
- Marketing (Lagos)

Graduate Assistant

Insurance, Marketing
Insurance Management Insurance, Insurance Business, Research.

6.

 Mr. Abass, O.A.
5

B.Sc. (Insurance)LASU
M.Sc.(Business Administration/Marketing (UNILAG)

Graduate Assistant

Insurance Marketing, Research Methodology,
Oil and Gas Insurance.

7.

 Mr. Dansu, S.F.
6

B.Sc. Insurance)
LASU
M.SC. (Business
Administration / Marketing) (UNILAG)

Graduate Assistant

Risk Management, Economics of Insurance
Insurance Marketing.

ASSOCIATE


1.

Prof. O. Yerokun

 LLB, LLM, BL

Professor

Insurance Law.

2.

O.A. Isimoya

B.Sc. Bus Admin. (Lagos) MBA Marketing (Benin) M.Sc. Marketing (Lagos) ACII, MCIM

Senior Lecturer

Insurance Marketing

3.

Prof. Ajetunmobi M. O.

B.Sc. M.Sc. Ph.D.

Professor

Mathematics

4.

 Dr. O.J.K. Ogundele

B. Sc. (Hons), UNN, MBA, Ph.D. Lagos.

 Senior Lecturer  

Organization Behaviour,, Business Policy, Marketing Entrepreneurship

6.

Dr. Ibiwoye Ade

B.Sc. Mathematics, MSc Actuarial Science, PhD Management

Senior Lecturer

Life Insurance, Health and Medical Insurance

7.

Dr.  Tajudeen Olalekan , Yusuf,

BSc Insurance, MSc Business Administration, MA Islamic Management, Banking and Finance, PhD

Lecturer 1

Property and Liability Insurance