Courses
Insurance and Risk Management-2024/2025
| Level 1 | ||||
| Take all of the following Mandatory Courses: | ||||
Group 1 | ||||
| INSR-6004 | Principles & Practices of Insurance | 4 | ||
| This course explores the principles and practices of insurance and establishes the relationship between participants in the industry. The concept of risk is explained and how insurance responds to it, including an analysis of the documents and processes, and the legal context of insurance. | ||||
| INSR-6003 | Insurance On the Automobile | 4 | ||
| This course explains the laws and basic principles of automobile insurance as they apply in Canada with a specific emphasis on Ontario automobile legislation. Policy forms and endorsements, conditions and provisions are appraised as they apply in complex coverage situations. The basis for determining automobile rates and underwriting philosophies relative to the availability of automobile insurance are also discussed. | ||||
| INSR-6012 | Insurance On the Property | 4 | ||
| This course summarizes the legislation and regulations that govern property insurance in Canada. The students will be able to differentiate between the Homeowner's forms for personal property insurance as it pertains to their perils, exclusions, extensions and endorsements. Students will also be able to distinguish other personal property policies based on the risks inherent for the clients and be able to recommend the appropriate policies. The course also introduces students to common Commercial Property policy wordings. Students will be able to apply their knowledge of property insurance in complex scenarios involving underwriting and claims. | ||||
| INSR-6002 | Essential Skills for Brokers/Agents | 3 | ||
| This course is an assessment of insurance practices from the broker/agent perspective. It is an applied course focusing on the evaluation of risks associated with personal lines and commercial risks. The broker/agent is identified as an insurance intermediary by relating the skills that a typical broker/agent will use to perform effectively. Students will progress from the initial contact with the client through the evaluation and application process to binding and policy documentation. | ||||
| INSR-6005 | Risk Management | 3 | ||
| This course focuses on an enterprise approach to commercial risk management, including a discussion of global risk management standards and guidelines. Students will explore risk beyond the traditional hazard risk to include financial and strategic risks. Risk identification and analysis tools and techniques will be discussed in detail. | ||||
Group 2 | ||||
| Students will be enrolled in one of the following courses: MGMT-5068 or INNV-6001 | ||||
| MGMT-5068 | Managing Leaders & Leadership | 3 | ||
| The course will introduce students to a variety of leadership theories and theorists. Students will identify and analyze individual leadership issues and how they impact organization culture, change and learning. Students will be able to delineate between management and leadership, analyze gender issues in leadership and evaluate the advantages and disadvantages of various approaches. Students will also complete various leadership self-assessment evaluations in to determine their personal management and leadership style and find new inventive ways to improve their skills. | ||||
| INNV-6001 | Innovation Applications | 4 | ||
| Organizations and individuals need to be innovative to succeed in the complex and rapidly-changing global market place. In this course, you will learn the fundamentals of innovation and how innovation applies to your discipline or field. Using this foundational knowledge, you will select and apply the novel and adaptive thinking processes and tools presented in the course to complete an innovative learning project in collaboration with other students. The project will be based on a real-world scenario involving an external live client identified in consultation with your professor, and you will interact directly with the client. The project may involve a multi-disciplinary approach. Throughout the course, novel and adaptive thinking skills and collaboration skills will be evaluated through self assessment and peer assessment. This course is designed to give students in graduate certificate programs the opportunity apply innovative thinking to a real-world problem presented by an external client. | ||||
| Level 2 | ||||
| Take all of the following Mandatory Courses: | ||||
| INSR-6007 | Liability Insurance | 4 | ||
| This course illustrates legal principles in common law, focusing on civil law and the Canadian legal system as it relates to civil actions. The Commercial General Liability policy and other miscellaneous liability coverages are analyzed and applied to complex claims scenarios. Underwriting criteria and loss identification / prevention methods that are relevant to the policies are evaluated in specific cases. | ||||
| INSR-6006 | Essential Skills for Underwriters | 4 | ||
| This course evaluates the underwriters role as an investor of shareholder capital on behalf of the insurer. The course justifies the process whereby the underwriter accepts or rejects risks for the insurer within the parameters set by the insurer and imposed by the external environment. The temperament, skills and knowledge of an underwriter are evaluated and these characteristics are demonstrated in the analysis of individual property, liability and automobile risks. | ||||
| INSR-6010 | Loss Adjusting Essential Skills | 4 | ||
| This course concentrates on the procedures and professional conduct required within the claims domain. Students will develop the soft skills required to handle claims, and apply these skills to varied claims scenarios. Students will manage relationships in order to gather critical information and to coordinate the claims process including policy analysis for coverage evaluation. This will lead to an application of the fundamental skills of investigation, evaluation, negotiation and settlement within the claims process. | ||||
| INSR-6011 | Risk Financing | 3 | ||
| This course provides an overview of risk financing including how alternatives are examined in regards to all of an organizations risks. Techniques for estimating losses arising from hazard risk are examined. The student will explore the advantages and disadvantages of alternative risk financing techniques for hazard risk such as insurance, reinsurance, captive insurance and contractual risk transfer. Various methods for transferring financial and hazard risks to the capital markets are also discussed, along with how to allocate costs associated with hazard risk within an organization. | ||||
| INSR-6008 | Risk Assessment & Treatment | 3 | ||
| This course provides learners with an understanding of the assessment and treatment techniques for the major categories of risk, including both the traditional and emerging risks faced by all organizations. Students will explore assessment techniques, such as root cause analysis, that can be applied to an organizations risks (hazard, operational, financial and strategic). Students will also compare the benefits of various risk treatment alternatives. | ||||
| COMM-6019 | Advanced Professional Communication | 3 | ||
| This course focuses on refining and advancing students workplace communication abilities. The advanced communication documents and strategies covered include presentation skills, research skills, business document writing, meeting and management team strategies, business etiquette, and advanced employment communications. Additionally, students learn about interpersonal and intercultural communication (high/low and monochromic/polychromic context) concepts and strategies. | ||||
| Program Residency | ||||
| Students Must Complete a Minimum of 11 credits in this program at Fanshawe College to meet the Program Residency requirement and graduate from this program | ||||