Business - Insurance (Co-op)
Image
Program Overview
If the idea of helping people find solutions that protect themselves and the ones they care for appeals to you, then this two-year diploma program is for you. Our insurance courses will teach you the fundamentals of insurance and you’ll study underwriting, claims investigation, risk analysis and contracts which will prepare you for a range of entry to junior-level career paths in this growing industry. A paid co-op work term will also provide you with valuable work experience for your resume.
Program Details
Program Code
BIN5
Credential:
Ontario College Diploma
Duration
60 weeks
Start Dates
Locations
Availability
Full Time Offerings
2025 January
London
Open
2025 September
London
Open
2026 January
London
Open
2024 September
London
Closed
Start Dates
Locations
Availability
Full Time Offerings
2025 January
London
Open
2025 September
London
Open
2026 January
London
Open
2024 September
London
Closed
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
Co-op Opportunities & Career Information
Co-op Opportunities
The Business – Insurance program offers a cooperative education component, which provides students the opportunity to gain invaluable first-hand experience within their chosen field. Here are some co-op jobs that have kick-started the careers of some
Business – Insurance (Co-op) students before even graduating!
Business Initiatives Coordinator - assist with business development and user acceptance testing, track and report project status and provide back up for the insurance sales team.
Associate Claim Advisor - investigate, negotiate and settle auto physical damage claims, while providing quality customer care and controlling loss costs, expenses and claims reserves.
For more information regarding co-op, please check out our co-op site or contact the Co-op Office at coop@fanshawec.ca to connect with a consultant
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.
Image
Fall intake
Option A
| Year | Fall | Winter | Summer |
| Year 1 | Level 1 | Level 2 | Work term 1 |
| Year 2 | Level 3 | Level 4 | Work term 2 |
Option B
| Year | Fall | Winter | Summer |
| Year 1 | Level 1 | Level 2 | Off |
| Year 2 | Level 3 | Work term 1 | Work term 2 |
| Year 3 | Work term 3 (optional) | Level 4 |
Winter intake
Option A
| Year | Winter | Summer | Fall |
| Year 1 | Level 1 | Level 2 | Level 3 |
| Year 2 | Work term 1 | Work term 2 | Work term 3 (optional) |
| Year 3 | Level 4 |
Option B
| Year | Winter | Summer | Fall |
| Year 1 | Level 1 | Level 2 | Work term 1 |
| Year 2 | Work term 2 | Work term 3 (optional) | Level 3 |
| Year 3 | Level 4 |
This program is accredited by Co-operative Education and Work Integrated Learning Canada. This accreditation represents the highest standard of achievement for co-operative education programs in Canada, and recognizes Fanshawe's commitment to excellence.
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.
Related Programs
Academic School
Business Insurance Program Coordinator
Zan Vania, BA, B.Ed, CIP, CRM
Academic Advisor
Sarah Davies
Admission Requirements
Ontario Secondary School Diploma (OSSD), or equivalent,
or a mature
applicant with the following courses:
- Grade 12 English (C or U)
- Grade 11 Math (C, U or M - minimum of 60%), or Grade 12 Math
(C or U)
Students who do not meet the admission requirements are
recommended for academic
upgrading. A conditional offer may be possible with proof of
enrolment. Alternatively, applicants missing the required courses
may want to consider our one-year Business
Fundamentals preparatory program. Upon graduation,
students can enter level 2 of any business diploma program in
the Lawrence
Kinlin School of Business.
International Admission Equivalencies
Admission equivalencies for Fanshawe depends on your country of study. Please enter your location to see the requirements for your country below.
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
Any Grade 11 or Grade 12 Business Studies (C), (M), or
(O)
Grade 12 Business and Technological Communication
(O)
Academic and Career Entrance Certificate (ACE): Business
Mathematics course and Computer Skills course
Applicants who do not meet the stated admission requirements
for the Business - Insurance program should apply to the one-year
Business Fundamentals Ontario College Certificate program, Program
Code BFS2. The Business Fundamentals program is recommended for
students who require or desire academic upgrading, particularly in
Mathematics and English, before pursuing a business diploma
program. Students who successfully complete the Business
Fundamentals program may be eligible for admission to Level 2 of
any two-year business diploma program at Fanshawe
College.
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
Where the number of program eligible applicants exceeds
available spaces, the Applicant Selection Criteria for this program
will be:
1. Preference for Permanent Residents of Ontario
2. Receipt of Application by February 1st (After this date,
Fanshawe College will consider applicants on a first-come,
first-served basis until the program is full)
3. Achievement in the Admission Requirements
Post-Admission Requirements
Post-Admission Requirements
Courses
| Year 1 | ||||
| Gen Ed - Take a 3 credit General Education elective course Take all of the following Mandatory 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. | ||||
| COOP-1020 | Co-operative Education Employment Prep | 1 | ||
| This workshop will provide an overview of the Co-operative Education consultants and students' roles and responsibilities as well as the Co-operative Education Policy. It will provide students with employment preparatory skills specifically related to co-operative education work assignments and will prepare students for their work term. | ||||
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.