Bachelor of Commerce Majoring in Short-Term Insurance

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.

On successful completion of the qualification, the student will receive a Bachelor of Commerce Degree, NQF Level 7.

Accreditations

Programme Structure

Core Modules

Foundations to Business Studies
Introduction to Business Management
Mathematical Skills for Business
Digital Skills for Business
Introduction to Financial Reporting
Introduction to Microeconomics
Introduction to Macroeconomics
Financial Reporting
Personal Lines Insurance
Business Management 2A
Business Management 2B
Financial Accounting for Business Decisions
Commercial Lines Insurance
Short-term Insurance Environment
Commercial Underwriting
Strategy and Foresight
Leadership and Organisational Dynamics
Case Study
Commercial Property and Business Interruption Insurance
Reinsurance
Specialist Insurance Products

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

Available learning modes

Full- or Half-load

Students can complete the programme in a minimum of three or six years, and a maximum of nine years.

To complete the programme in three years, students need to dedicate about 40 hours a week to studies, just like at a contact university. We call this the full-load programme.

If students can’t dedicate 40 hours per week for the full-load, there is the option to complete the programme over a minimum of six years on a half-load.

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

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.

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.

Minimum Admission Requirements

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/).

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.

Bachelor of Commerce Majoring in Short-Term Insurance

Next start dates: 26 January 2027

Duration:
3 Years

NQF:
Level 7

Credits:
370

SAQA ID:
90509

Bachelor of Commerce Majoring in Short-Term Insurance

Programme Downloads

Financial Services

Frequently Asked Questions

Does NSFAS fund Milpark Education?

NSFAS only covers public institutions and TVET Colleges. As a private higher education institution, Milpark Education does not offer NSFAS funding. However, we provide select bursaries and work closely with Capitec to offer financial aid to prospective students. Learn more about our Capitec partnership here.

Does Milpark offer bursaries?

Yes, Milpark Education offers bursaries based on academic performance and financial need. Applications typically open in September and close in November for the following year. Please note, bursaries are not available for the Postgraduate Diploma in Accounting (PGDA/CTA) and Advanced Accounting (Bridging Short Course to PGDA/CTA).

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Can I study at Milpark Education while working full-time?

Yes, at Milpark Education, our distance online learning programmes allow you to plan and structure your studies around your life and commitments. Our courses and resources are designed to support and empower you to achieve your learning and career goals while balancing your full-time job.

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