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Business - Insurance (Co-op)

Fanshawe College
Program overview
60 weeks
Full time
Diploma / certificate
Scholarships available
8,799 CAD
English
Start dates
London (Ontario, Canada)
8,799 CAD
January 2021

London (Ontario, Canada)
8,799 CAD
February 2021

London (Ontario, Canada)
8,799 CAD
May 2021

Program description

Business - Insurance (Co-op)

What will a co-op endorsed Fanshawe Business - Insurance diploma do for you? Provide insurance, of course. Insurance that guarantees your experience in the classroom meets the real world. That your in-demand skills meet the high-demand insurance sector. That your journey toward professional security is nurtured by industry professionals.

To get you there, you'll attend industry events and conferences offered by the Insurance Brokers Association of Ontario and the Independent Adjusters Association. You'll mingle with future colleagues, forming alliances and bonds with those who, like you, understand the world of risk and protection. You'll continuously grow your skill-set, adapting to the changing, high-risk world, helping your clients along the way.

You'll be taught and mentored by industry professionals, examining automobile, property and liability insurance, as well as fraud awareness and prevention. You'll study forms of general insurance, underwriting, claims investigation, risk analysis and contracts. And you may be able to complete eight of ten credits towards your Chartered Insurance Professionals (CIP) designation offered by the Insurance Institute of Canada. You'll adjust your courses to areas you're passionate about. You'll target your energies into the diversity of the industry, adapting and evolving along the way.

Plus, Fanshawe is the only college in Canada to offer membership in Gamma Iota Sigma - an international, professional fraternity for insurance, risk management and actuarial science students.

There are few guarantees in life. Insurance is a necessity. Ensure your insurance sector dreams become a reality today

Admission requirements

  • OSSD with courses from the College (C), University (U),University/College (M), or Open (O) stream WITH
  • Any Grade 12 English (C) or (U)
  • Mathematics ONE OF
    • Any Grade 12 Mathematics (C) or (U)
    • Any Grade 11 Mathematics (C), (U), or (M)

(Note: a minimum final grade of 60required for any Grade 11 Mathematics course)

OR

  • Academic and Career Entrance Certificate (ACE) WITH

OR

  • Ontario High School Equivalency Certificate (GED) WITH
  • Mathematics ONE OF
    • Any Grade 12 Mathematics (C) or (U)
    • Any Grade 11 Mathematics (C), (U), or (M)

OR

  • Mature Applicant with standing in the required courses stated above

Note

  • Applicants who lack the required Mathematics may still gain eligibility for admission by completing appropriate prior upgrading

English Language Requirements

Applicants whose first language is not English will be required to demonstrate proficiency in English by one of the following methods

  • A Grade 12 College Stream or University Stream English credit from an Ontario Secondary School, or equivalent, depending on the program's Admission Requirements
  • Test of English as a Foreign Language (TOEFL) test with a minimum score of 79 for the Internet-based test (iBT), with test results within the last two years
  • International English Language Testing System (IELTS) Academic test with an overall score of 6.0 with no score less than 5.5 in any of the four bands, with test results within the last two years SDS Program Requirements
  • Canadian Academic English Language (CAEL) test with a score of 60 in writing, reading and speaking and a score of 50 in listening
  • Pearson Test of English Academic (PTE) with a minimum score of 53, with test results within the last two years
  • A Cambridge English Test (FCE/CAE/CPE) with an overall score on the Cambridge English Scale of 169 with no language skill less than 162, with test results within the last two years
  • An English Language Evaluation (ELE) at Fanshawe College with a minimum score of 70% in all sections of the test, with test results within the last two years
  • Fanshawe College ESL4/GAP5 students: Minimum grade of 80% in ESL4/GAP5 Level 8, 75% in ESL4/GAP5 Level 9, or 70% in ESL4/GAP5 Level 10

For more information about admission requirements, please visit the institute website.


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Program content

Year1

Take all of the following Mandatory Courses

Group 1

  • Principles of Accounting 1
  • Reason and Writing Business 1
  • Principles of Marketing 1
  • Business Math
  • Strategies for Success
  • Introduction to Business Processes
  • Fundamentals of Insurance
  • Finance 1
  • Contemporary Issues in Economics
  • Property Insurance
  • Co-operative Education Employment Prep

Group 2

Students will be enrolled in one of the following courses

  • Organizational Behaviour
  • Innovation Applications

Level 2

Take all of the following Mandatory Courses

  • Professional Communication
  • Auto Insurance
  • Insurance Against Liability
  • Ethics and Law
  • Building Construction and Basic Hazards
  • Customer Relations
  • Risk Principles
  • Fraud Awareness and Prevention
  • Underwriting Essentials
  • Essentials of Loss Adjusting
  • Broker/Agent Essential Skills
  • Excel for Business Adv

Tuition fees

Canadian students

The tuition fee for Canadian students is 1,360.26 CAD, and the total fees are 2,319.93 CAD.

International students

The tuition fee for International students is 7,233.50 CAD, and the total fees are 8,799.15 CAD.

For more detailed information about fees, please visit the institute webpage.

Scholarships & funding

Several scholarship options are available. Please check the institute website for more information.

Qualification

Credential - Ontario College Diploma.

The graduate has reliably demonstrated the ability to

  1. Recognize the economic and social importance of insurance
  2. Demonstrate an understanding of the organization and structure of both the General and Life Insurance Companies
  3. Analyze the coverage provided by the various policies currently available through insurance companies
  4. Follow the proper principles and procedures used in adjusting losses and settling claims and to complete and explain the necessity of the documentation used
  5. Recognize and evaluate the various factors affecting the acceptance and underwriting of any insurance risk
  6. Enter and retrieve client information utilizing computer and various word processing and spread sheet packaged programs
  7. Understand the underlying role of accounting as an information system for planning and controlling business operations
  8. Develop an awareness of human relations in the work place and apply effective interpersonal skills
  9. Understand basic economic principles and how they relate to business
  10. Demonstrate an understanding of the legal system and legislation affecting business in general and the insurance industry specifically
  11. Understand and apply the marketing techniques used by insurance companies, brokers and agents
  12. Demonstrate effective oral and written communication skills
  13. Appreciate the social, political and cultural aspects of our society
  14. Appreciate the importance of business and corporate responsibility

Career opportunities

Graduates of the Business - Insurance (Co-op) program are prepared to enter the property and casualty insurance industry in a variety of fields, including underwriting, claims adjustment, brokerage, agency or direct writers, loss control and risk management. Graduates are suited to a variety of entry-level to junior-level positions, including customer service representative, underwriter, claims adjuster, loss control specialist, risk manager, appraiser, and broker or agent

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About this institute

Fanshawe College

Fanshawe College

Fanshawe College is a large, publicly-funded College located in London, Ontario, Canada - approximately two hours from Niagara Falls, Toronto, or Detroit. There are 21,000 full-time students at Fanshawe, including 7,500 international students from more than 100 different countries. Fanshawe...


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Contact info

Fanshawe College

1001 Fanshawe College Boulevard
N5Y 5R6 London Ontario
Canada

 Show phone number
fanshawec.ca/international

Request information

Want to know more about Business - Insurance (Co-op)? Fill out the following form and we'll pass your details on to a representative from the school, who will respond to your enquiry.

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