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Business - Insurance

Business - Insurance

Program Code: BINCampus: Newnham
Duration: 4 Semesters (2 Years)Start Dates: Fall, Winter
Start dates are subject to change
Credential Awarded: Ontario College Diploma

Program Description

The Business - Insurance program prepares you for a dynamic career in the property and casualty (general) insurance industry in Canada where 49% of the work force is between 41 and 60 years of age currently. Offered in co-operation with the Insurance Institute of Canada (IIC), this program is anchored on the fundamental aspects of both business and insurance and was designed with experts from several national insurance firms. You’ll learn from courses that focus specifically on brokerage, underwriting and claims where career prospects are extremely strong. As a graduate, you will have had the opportunity to earn eight credits toward the internationally recognized Chartered Insurance Professional (CIP) designation. As part of the program, you’ll register with the IIC for the CIP courses/ exams at an additional cost.

Admission Requirements

Program Eligibility:

  • Ontario Secondary School Diploma, with a majority of senior credits at the College Preparation (C), University (U) or University/ College Preparation (M) level or Mature Student Status (age 19 or older).
  • Grade 12 English: ENG4(C) or ENG4(U)
  • Grade 12 Mathematics: (C) or (U) or Grade 11 Mathematics (U) or (M)

The Importance of Learning Skills:

Student success in college requires well developed learning skills (such as being able to work independently, participate in a team, be well-organized, develop good work habits, and show initiative). These skills are as important as prior academic achievement. While it is expected that applicants would have developed these skills through previous education and life experiences, Seneca offers support to assist students with further development of these important skills.

Your Career

According to the Insurance Institute of Canada's report "A Demographic Analysis of the P & C Insurance Industry" 25% of the industry's current labour force could retire within the next six years, by 2017 and for management positions this could be as high as 40%. Fast-track your career by equipping yourself with the knowledge and skills essential for positions in the property and casualty insurance industry in Canada. As a graduate of Seneca's Business - Insurance diploma program, you’ll earn up to eight credits toward the CIP designation from the Insurance Institute of Canada and be expertly prepared for a progressive career in claims, underwriting or brokerage.

Core Curriculum

The core curriculum is anchored on thirteen business courses and three general education electives. This allows for seamless articulation into the BIN program by students with credits earned from other Seneca business programs. Also integral to the program are the eight insurance courses that are part of the curriculum established by the IIC for the internationally- recognized Chartered Insurance Professional (CIP) accreditation. After one year of work experience at an insurance company or a brokerage firm - following graduation from Seneca -graduates take the two final CIP courses through the IIC to attain their CIP designation. Business - Insurance students enrol in CIP courses/examinations at an additional cost.

Diploma to Degree... and Beyond

Through transfer agreements and institution partnerships, graduates of this Seneca College program may be eligible for credit at the following post-secondary institution(s):

Toronto

University/CollegeDegrees Available
Seneca College• Bachelor of Commerce, International Accounting and Finance
• Bachelor of Commerce, Financial Services Management
• Bachelor of Commerce, Municipal and Corporate Administration (Previously Offered)
• Bachelor of Commerce, Human Resources Strategy and Technology
Tyndale University College• Bachelor of Arts, Business Administration or Business Administration – International Development

Ontario

University/CollegeDegrees Available
Algoma University• Bachelor of Business Administration
Laurier Brantford• Honours Bachelor of Arts

Canada

University/CollegeDegrees Available
Athabasca University• Bachelor of Professional Arts – Governance, Law, and Management
University Canada West• Bachelor of Commerce
Okanagan College• Bachelor of Business Administration
Royal Roads University• Bachelor of Commerce in Entrepreneurial Management

Curriculum

Semester 1 Subject Name Hrs/Wk
BUS106 Business - Its Nature and Environment 4
CIP011 Principles and Practices of Insurance 4
EAC150 College English 3
ICA001 Introduction to Computers and Applications 2
QNM106 Mathematics of Finance 4
SSC100 Success Strategies for College 2
 
Semester 2 Subject Name Hrs/Wk
ACC106 Accounting I 4
CIP012 Insurance on Property 4
CIP014 Automobile Insurance Part I 4
MRK106 Marketing I 4
OBR250 Organizational Behaviour 3
XXXXXX General Education Option 3
 
Semester 3 Subject Name Hrs/Wk
BUS400 Business Economics 2
CIP013 Insurance Against Liability Part I 4
CIP120 Underwriting Essentials 4
EAC394 Effective Business Writing 3
SMS202 Microcomputer Business Applications II 3
XXXXXX General Education Option 3
 
Semester 4 Subject Name Hrs/Wk
CIP039 Fraud Prevention and Awareness 4
CIP110 Essentials of Loss Adjusting 4
CIP130 Essential Skills for the Insurance Broker and Agent 4
MSC310 Decision Analysis I 4
MGS350 Management Studies: Canadian Business Law 4
XXXXXX General Education Option 3

Contact Us

Student Advisor: Pana Mitusev
Telephone: (416) 491-5050 Ext. 6216
Email: pana.mitusev@senecac.on.ca
Program Coordinator: Jeff Shnier
Telephone: (416) 491-5050 Ext. 6153
Email: jeff.shnier@senecac.on.ca
Associate Chair: Jeff McCarthy
Telephone: (416) 491-5050 Ext. 6722
Email: jeff.mccarthy@senecac.on.ca
Program Chair: Karen Murkar
Telephone: (416) 491-5050 Ext. 2337
Email: karen.murkar@senecac.on.ca
Admissions Advisors:
Domestic Admissions Advisor: Doug Hammond
Telephone: (416) 491-5050 Ext. 2127
Email: doug.hammond@senecac.on.ca
International Admissions Advisor: Susan Gao
Telephone: (416) 491-5050 Ext. 2365
Email: susan.gao@senecac.on.ca
Registration & Records Advisor: Barbara Byers
Telephone: (416) 491-5050 Ext. 2495
Email: Barbara.Byers@senecac.on.ca