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Durham College Insurance program.

Insurance

Durham College Insurance program.

Insurance

Durham College Insurance program.

Insurance

Insurance

If you’re a people person with a flair for numbers and an interest in risk management, a career in insurance could be the path for you. The Insurance program will give you the opportunity to develop your knowledge in policies and legislation, fraud awareness and client management to achieve a rewarding career in this thriving industry, bringing peace of mind to clients of all types.

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Program Description (Laptop program)

NOTE: Students enrolling in this program are required to purchase their own laptop. For specific hardware and software requirements for this program click here.

This program is designed to provide students with a broad exposure to business with a specialization in general (property and casualty) insurance. Students will study a wide range of subjects including accounting, fraud awareness and prevention, leadership and career development, economics, client management, marketing, business mathematics and more. Graduates will have the opportunity to earn eight credits (out of 10) towards the internationally recognized Chartered Insurance Professional (CIP) designation. As part of the program, students will register with the Insurance Institute of Canada (IIC) for the CIP courses/exams at an additional cost.

You will learn how to:

  • Determine the function and role of general insurance in business and society.
  • Adhere to insurance industry principles by analyzing the uses, coverage, riders, contracts, policies and legislation associated with general insurance.
  • Adhere to principles, processes and procedures used in adjusting losses, settling claims and explaining and completing documentation specific to general insurance.
  • Evaluate the factors affecting the acceptance and underwriting of general insurance risks.
  • Use computer skills and software to complete tasks, such as reports; correspondence to clients; internal memos and emails; spreadsheets; and client- and business-focused presentations.
  • Apply accounting, economics, mathematics and marketing principles to insurance business situations.
  • Develop knowledge of general insurance principles, customer service skills and interpersonal communications.
  • Discuss the relationship between basic economic principles and business.
  • Discuss the legal system and legislation affecting business in general, and property and casualty insurance business, specifically.
  • Apply marketing techniques used by insurances companies, brokers and agents.
  • Apply a variety of negotiation strategies and skills for effective communication with peers, clients and supervisors in the insurance industry.
  • Discuss the issues and concerns regarding business corporate responsibility in an insurance environment.
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Admission Requirements

  • Ontario Secondary School Diploma (OSSD) or Mature Student Status
  • Grade 12 English (C or U)
  • Grade 12 mathematics (C, M or U)*

Note: Applicants without Grade 12 mathematics can add General Arts and Science – Business Preparation (GASB) to their application at ontariocolleges.ca. You will be registered in the GASB program for one semester. Upon successful completion of the semester and the applied mathematics course, you can apply to transfer to Business – Semester 2.  Please contact recruitment@durhamcollege.ca for details.

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Career Options

WHAT YOU COULD BE

  • Appraiser.
  • Broker or agent.
  • Claims adjuster.
  • Customer service representative.
  • Loss control specialist.
  • Risk manager.
  • Underwriter.

WHERE YOU COULD WORK

Graduates of this program typically work in high-demand areas of insurance, but should be prepared to enter the insurance industry in a variety of entry-level to junior positions, leading to the higher positions listed above.

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Program Costs

YEAR ONE FEESDomesticInternational
Tuition$2,851$12,622
Compulsory Ancillary

$1,141

$1,541
Program Incidental$65$65
Total Fees:$4,056$14,228

Please note: fees are based on the 2016-2017 academic year and do not include textbooks. For more information please see Other fees to consider.

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Laptop Learning

Students enrolled in laptop programs will enjoy an exceptional learning experience with the use of technology. The advanced technical skills and knowledge that employers look for in graduates will provide students with a decided advantage when entering the workforce. Please pay close attention to the hardware and software requirements of your program as the requirements are not the same for all laptop programs.

How laptop learning works:

  • Review your specific program page for hardware and software requirements.
  • Acquire your own laptop from a vendor of your choosing including all of the hardware and software components listed below.

Please note: Some software may be included in tuition fees for some programs. Please ensure that you are required to buy software before making a purchase.

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Laptop Requirements

Minimum Recommended Hardware

  • Laptop: Personal computer (PC) not a Mac
  • Operating System: Windows 7, 8, 8.1 or 10 (if available)
  • Processor: Intel Core i5 or better (Not AMD)
  • Memory: 4 GB of RAM (8 GB preferred)
  • Hard Drive: 250 GB or larger (Solid State Drive (SSD) preferred)
  • Warranty: 3 years parts and labour (On-site preferred)
  • Other features: 2 USB ports

Software Requirements

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Opportunities For Degree Completion Or Additional Credentials

Qualified graduates may apply to the bridge program for the Bachelor of Commerce (Honours) program at the University of Ontario Institute of Technology (UOIT).

Graduates of this program may consider further studies in any Business program option and would qualify for advanced standing in any of the following programs:

Graduates may also be eligible to apply their academic credits toward further study through Durham College’s partnerships with many Canadian and international colleges and universities.

Please visit the Transfer Guide for more information.

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PROGRAM AT-A-GLANCE
  • ontariocolleges.ca code: INSR
  • Program length: Four semesters
  • Credential awarded: Ontario College Diploma
  • Location: Oshawa
  • School: School of Business, IT & Management (BITM)
  • Domestic tuition: $2,851 (CDN)
  • Intake Statuses
    • Program intake status is Open Open: September 2017
  • International Intake Statuses
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