Bachelor of Commerce Majoring in Short-Term Insurance

As the short-term insurance industry expands and professionalises, there's a growing need for professionals with strong business management skills and a deep understanding of the industry. This programme offers a solid foundation in business principles, accounting, marketing, and economics, while specialised modules provide in-depth knowledge of the key principles and practices driving the short-term insurance sector.

Next Start Date

10 February 2026

Duration

3 Years

NQF Level

7

SAQA ID

90509

Credits

360

About the Programme

This qualification is designed for individuals who require a strong foundation in general business principles, including accounting, marketing, economics, and quantitative skills and those wanting to apply for the designation of a Fellow (FIISA) awarded by the IISA.

The Bcom degree with a major in Short Term Insurance equips students with knowledge of a wide range of products, including specialist offerings in the short-term insurance industry. You’ll understand regulations, claims processes, underwriting, risk management, and reinsurance. This combined understanding enables ethical and professional decision-making based on industry-specific scenarios. The degree provides a solid educational foundation in commerce, covering key areas like business management, accounting, and economics. It’s designed to impart practical competence and knowledge base for students entering the labor market or pursuing further studies.

Programme Structure

  • Microeconomics
  • Macroeconomics
  • General Management
  • Liability Insurance
  • Short Term Insurance Environment
  • Risk Management
  • Commercial Property and Business Interruption Insurance
  • Reinsurance
  • Advanced Insurance Products
  • Case Study

Please refer to the factsheet for a detailed breakdown of modules.

Applicants require a National Senior Certificate (please take note of the applicable minimum criteria listed below).

Minimum Admission Requirements

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Candidates who matriculated in 2007 or earlier with a Senior Certificate  

  • Require a minimum of 24 points on the Milpark points system. 
  • Require a symbol of E or higher for Mathematics on HG, or a symbol of D or higher for Mathematics on SG.  
  • Candidates who do not meet the Mathematics requirement but who have achieved a rating of 4 or higher in any two of the following subjects may be offered admission on condition that they successfully complete the bridging programme: Economics, Business Economics, Accounting, Physical Science or Physics/Chemistry, Natural Science or Biology. 
  • Candidates who do not meet the 24-point admission criterion, may apply to Universities South Africa (USAF), for mature age exemption (https://mb.usaf.ac.za/). 

Candidates who matriculated in 2008 or later with a National Senior Certificate 

  • Require a minimum of 50% in four NSC 20-credit subjects, including English.
  • A minimum mark of 50% for Mathematics or 70% for Mathematics Literacy.  
  • Candidates who do not meet the Mathematics requirement but who have achieved a minimum mark of 50% or higher in any two of the following subjects may be offered admission on condition that they successfully complete the bridging programme: Economics, Business Economics, Accounting, Physical Science or Physics/ Chemistry, Natural Science or Biology. 

Resources and Support Information

Factsheet

Download our factsheet for everything you need to know about our BCom with a Major in Short-Term Insurance. 

Undergraduate Prospectus

Our undergrad prospectus offers a comprehensive guide to various programmes, helping you choose.

Textbooks

Access the full textbook list to ensure you have all required materials for your studies. 

Fees and Payment Terms

Explore a detailed fees breakdown for the BCom with a Major in Short Term Insurance to plan your career investment. 

Timetable

Explore our programme schedule to effectively plan your Milpark Education journey.

Technology Requirements

Ensure you're prepared with the necessary tech requirements to optimise your online learning experience.

BCom Streams

Your BCom learning journey – navigate the path to success.

Immersive Online Learning

IO Learning is a guided, flexible digital experience designed to foster deeper learning and meaningful connection. Through scheduled sessions, interactive content, and collaborative activities, students engage in a human-centred environment that blends structure with flexibility. Advanced online tools, small-group collaboration, and personalised feedback create a rich, engaging, and connected learning journey.

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Distance Learning

DL is a flexible, self-paced study mode for independent learners who prefer minimal online interaction. Students rely on textbooks and study guides, with optional access to online resources. Ideal for those with limited internet or who prefer offline study, DL offers lecturer support with less frequent engagement, allowing learners to manage their own progress.

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