Business Administration and Insurance Diploma
Admission to the Business Administration and Insurance Diploma has been suspended for Fall 2010 and 2011. If you are interested in Insurance, please see the Bachelor of Business Administration.
Current students who began their studies in the Business Administration and Insurance Diploma have the opportunity to complete their program. They should consult a Business Advisor for further information and guidance.
On first impression the exciting nature of the insurance industry does not come across, but around the world, rock concerts, A-list movie stars, sport playoffs along with construction projects or oil and gas ventures all need a professional to provide a risk assessment and identify and secure an insurance policy. And if there is a crisis or natural disaster, an insurance professional will be called in to assess the situation and problem solve. If you love solving problems, your Business Administration and Insurance Diploma can set you up with an exhilarating career.
Lend a helping hand
This two-year program doesn’t just set you on the road to a career that is financially rewarding, but a career full of a variety of rewards. Think of the people you can help by safeguarding their financial positions, restoring order after chaos or providing on-site problem solving in a time of crisis.
Your education, your choice
The Business Administration and Insurance Diploma offers you two study streams to choose from:
Co-operative stream — You can alternate classroom study with paid work terms which provide real world experience and excellent networking opportunities.
Non-co-operative stream — This option is a great choice if you are already working in the industry and want to upgrade your skills. It does not include the work terms.
Experience wanted
The Business Administration and Insurance program prepares you with:
- an understanding of the law, business practices and disciplines related to the insurance industry
- a skill set that is in high demand and therefore high employability
- a diploma that is well-recognized and respected in the insurance industry
- a fast track to the completion of the Chartered Insurance Professional (CIP) and Fellow Chartered Insurance Professional (FCIP) designations
- strong interpersonal, team and networking skills
Career choices
Growth in the insurance market has been exponential and you will be in high demand. For nearly 20 years, every Business Administration and Insurance Diploma graduate has found a job in the industry within six months.
Your job title could be:
- Insurance agent or broker — sell insurance policies to individuals and businesses. Agents sell policies for a single company, while brokers work with multiple companies to find the best policy for a client.
- Claims adjuster — investigate insurance claims and determine the amount of money paid out to the claimant.
- Underwriter — review applications for insurance coverage and determine whether the insurance company will cover an applicant.
You could also be a risk manager, marketing representative, loss control specialist or actuary.
Professional designation
The seven insurance courses in this program are offered in cooperation with the Insurance Institute of Canada (IIC). After completing these courses successfully — including IIC examinations — you are only three courses away from a CIP (Chartered Insurance Professional) designation.
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