The contribution of the insurance industry to sustainable development is related to its role in absorption of financial losses due to the risks that reduce the value of asset, as well as the role in maintaining safety and health. The Principles for Sustainable Insurance that are lunched at the 2012 UN Conference on Sustainable Development are a framework for the global insurance industry to address environmental, social and economic risks. Therefore, this course aims to enhance knowledge and awareness among students on the importance of the role of insurance in achieving of sustainability of water management system and society as a whole.