It will be available to students from January 2020.
The course, which graduates can now sign up for via the UWE Bristol website, will have representatives from insurers and brokers delivering guest lectures and allow work shadowing for graduates who sign up to the year-long programme.
According to UWE Bristol, as a result of interest from the profession there are now plans in place to offer a two-year-long part-time version of the post graduate qualification in the future.
Sian Fisher, chief executive of the Chartered Insurance Institute, said: “There are huge opportunities for graduates looking to enter the insurance profession, particularly those with specialist knowledge and skills.
“The MSc Risk Management and Insurance has been developed with employers, insurance experts and the CII, to give graduates the tools to progress rapidly in this varied and fast-paced sector.”
Designed to prepare graduates for senior roles in the industry, the programme develops core skills in risk management and insurance practice, alongside an understanding of the “contemporary business environment”.
Students will also acquire skills in strategic leadership and complete an applied dissertation on a contemporary issue in insurance.
Options cover contemporary insurance business challenges such as technological innovation, climate risk and international financial crime.
The course includes opportunities to visit companies such as Lloyd’s of London, to work on consultancy projects and to attend networking events.
Completion of the course will shorten the study path for the CII’s qualifications including ACII.