Program Overview
Program Details
Full Time Offerings
Full Time Offerings
Your Learning Experience
- Gain the fundamentals in our insurance courses and be ready for an in-demand career – in fact, many of our students secure jobs before they graduate!
- Learn from industry professionals by examining automobile, property and liability insurance
- Attend industry events and conferences offered by the Insurance Brokers Association of Ontario and the Ontario Insurance Adjusters Association and network with future colleagues and potential employers
- Graduate ready to complete seven of ten credits toward your Chartered Insurance Professionals (CIP) designation offered by the Insurance Institute of Canada
- Go beyond the fundamentals of insurance and complement your diploma with one of Fanshawe's post-graduate programs (optional)
- Pursue a degree pathway (optional) with one of Fanshawe’s university partners
Career Information
Graduates of Fanshawe’s Business – Insurance program are able to pursue a career in the property and casualty insurance industry, including claims adjustment, underwriting, brokerage, agency or direct writers, loss control and risk management. Graduates are prepared to start in a variety of entry-level to junior-level positions, including customer service representative, underwriter, claims adjuster, loss control specialist, risk manager, appraiser, broker or agent.
Did you know Fanshawe consistently ranks high in graduate employment rates among large colleges in Ontario?
Here are some examples of career opportunities for graduates of Fanshawe’s Business – Insurance program:
Underwriting Assistant
Use your great analytical skills to work towards meeting business targets and objectives while maintaining positive broker relations and superior service.
Personal Lines Claims Assistant
Assist adjusters by updating client databases, presenting summaries of open claims and completing specialized claims projects as required.
Legal Services Coordinator
Review legal documents and contracts, provide advice and strategic direction to staff, execute agreements in collaboration with senior personnel, review contract terms and draft and issue legal claims and reports.
Learning Outcomes
The graduate has reliably demonstrated the ability to
- Describe the effect of the external environment, including the social, cultural, political and economic implications, on the insurance industry.
- Describe the organization and structure of both General and Life Insurance Companies, including the importance of various departments and agencies within the insurance industry.
- Analyze the coverage provided by the various policies currently available through insurance companies.
- Explain the claims process from various perspectives in the insurance industry.
- Identify and evaluate the various factors affecting the acceptance of insurance risks.
- Describe the underlying role of accounting as an information system for planning and controlling business operations.
- Explain the importance of ethics, human relations, conflict resolution, negotiation, and interpersonal skills in the insurance industry.
- Explain the legal system and legislation affecting business in general and the insurance industry specifically.
- Describe various marketing and sales techniques used by insurance companies, brokers, and agents to sell an insurance product.
Academic School
Business Insurance Program Coordinator
Zan Vania, BA, B.Ed, CIP, CRM
Academic Advisor:
Sarah Davies
Explore our vibrant campuses and discover what makes Fanshawe unique. Get a firsthand look at classrooms, labs, student spaces, and residence halls, and connect with faculty, staff, and current students. Whether you're interested in learning more about academic programs, student services, or extracurricular activities, this is your chance to experience campus life up close. Don't miss the opportunity to see how we can help you achieve your academic and career goals!
Admission Requirements
International Admission Equivalencies
English Language Requirements
English Language Requirements
Test | Score |
---|---|
TOEFL iBT | 79 |
IELTS Academic | Overall score of 6.0 with no score less than 5.5 in any of the four bands |
CAEL | Overall score of 60 with no score less than 50 in any of the four bands. score of 80 in listening |
PTE Academic | 53 |
Cambridge English | Overall score of 169 with no language skill less than 162 |
ESL4/GAP5 | Minimum grade of 80% in Level 8, 75% in Level 9, or 70% in Level 10 |
Duolingo | Overall score of 105, with no score lower than 95 |
Recommended Academic Preparation
Recommended Academic Preparation
Recommended Personal Preparation
Recommended Personal Preparation
- Exposure to the business world through part-time employment or business courses
- Exposure to Microsoft Office software, or its equivalent
Advanced Standing
Advanced Standing
- Applicants may apply for advanced standing on the basis of previous academic achievement at another institution and/or Prior Learning Assessment and Recognition (PLAR). Advanced standing qualifies the applicant for direct entry to a second or higher level of the program.
Applicant Selection Criteria
Applicant Selection Criteria
Post-Admission Requirements
Post-Admission Requirements
Courses
Group 1 | ||||
ACCT-1100 | Principles of Accounting 1 | 3 | ||
This course introduces the student to the Principles of Accounting, and includes an exploration of the underlying concepts that guide the preparation of accounts for individuals and organizations. It is designed to teach the student, regardless of program destination, an essential life skill - an understanding of Net Worth, and its importance to business success and the financial well being of the individual. | ||||
WRIT-1032 | Reason & Writing Business 1 | 3 | ||
This course will introduce business students to essential principles of reading, writing, and reasoning at the postsecondary level. Students will identify, summarize, analyze, and evaluate multiple short readings and write persuasive response essays to develop their vocabulary, comprehension, grammar, and critical thinking. | ||||
MKTG-1012 | Principles of Marketing 1 | 3 | ||
This course is designed to provide an overview of the decisions that face Marketers in today's fast-paced and competitive business environment. Students will learn that marketing is not only advertising but a broad set of activities designed to satisfy consumer needs and wants. Students examine the information Marketers require for effective decision-making and learn the basic elements of the marketing planning process. | ||||
MATH-1052 | Business Math | 3 | ||
This course provides a review of basic arithmetic and algebra as well as providing students with mathematical tools and concepts needed for other college courses and in future employment. This course is to prepare students for later courses in Marketing, Business, Financial Planning, Accounting, Purchasing and Insurance. | ||||
BUSI-1060 | Strategies for Success | 1 | ||
This course presents and helps to develop some of the skills required to achieve academic and career success. Areas of focus include college resources, study skills, time management, academic integrity, emotional self-awareness and social skills development. Additionally, emphasis is placed on career readiness and preparation. | ||||
BUSI-1005 | Introduction to Business Processes | 3 | ||
This course explores the various functional areas of business in Canada and demonstrates the interrelationship among these areas. Students are introduced to many concepts, including major business trends, the role of government in business, marketing, operations, employee-management issues, financial resources management, business ethics and social responsibility. | ||||
INSR-1001 | Fundamentals of Insurance | 4 | ||
The objective of this course is to introduce students to the principles and practice of insurance by showing the multi-faceted nature of the insurance business, dealing with risk and how insurance responds to it, looking briefly at some of the law that deals with insurance, introducing many of the terms and practices commonly encountered in the business, and outlining the basic policy coverages for automobile and property insurance. | ||||
FINA-1004 | Finance 1 | 3 | ||
A general education course developed to provide students with the fundamental financial life skills so that they can make educated financial management decisions over the course of their lifetime. The emphasis is on those financial life skills that are of particular relevance in the early stages of the financial management life cycle. | ||||
ECON-1019 | Contemporary Issues in Economics | 3 | ||
This is a survey course which introduces students to the structure and function of our economic system. The course will give students a basic understanding of the principles of both micro and macroeconomic activity through modeling and analysis. Students will examine the role that households (consumers), industry (producers) and governments play in a modern economic system and how the decisions by these different levels affect all of our lives. The course is structured to provide insight through lectures, discussions and current events. | ||||
INSR-3021 | Property Insurance | 4 | ||
This course explores personal property insurance in Canada. Students will develop an understanding of the legislation and regulations that govern property insurance. Perils, exclusions, extensions and endorsements will be discussed in the context of the Homeowner's forms. Other types of property insurance will also be explained. Students will be introduced to Commercial property insurance and the application of property insurance in the context of underwriting and claims. |
Tuition Summary
London
*Total program costs are approximate, subject to change and do not include the health and dental plan fee, bus pass fee or program general expenses.