Business - Insurance (Optional Co-op)

Description: This co-op work term will provide students with college-approved work experience in an authentic, professionally relevant work environment. Students will be provided the opportunity to connect theory and practice by leveraging their academic training to develop a broad base of vocational skills. The practical applications of this work term will promote students’ awareness of key concepts and terminology in their field, cultivate their problem-solving and decision-making capabilities, encourage their development of professional autonomy and collaboration, and enhance their capacity to analyze and reflect on their demonstrated abilities in the workplace.

• Hours: 420
• Credits: 14
• Pre-Requisites: CDEV1020 OR CEPR1020
• CoRequisites:

Description:

Insurance on Property is an introduction to property insurance. As one of the building blocks of your CIP Program, this course lays the foundation for many types of property insurance, with explanations of the legislative framework that governs them and of their principles, doctrines, and other characteristics. Insurance on Property shows how that framework and those common features are reflected in the most common commercial and especially personal lines insurance policies. Insurance on Property also discusses applications of property insurance in the work of brokers and agents, underwriters, and claims adjusters. A full day field trip is spent at a local brokerage where students will experience hands on training and exposure to the daily life of a brokerage.

• Hours: 52
• Credits: 4
• Pre-Requisites: INS1000 OR INS1005
• CoRequisites:

Description:

Automobile Insurance— is a detailed study of automobile insurance in Canada. The course covers legislation related to automobile insurance and policies and regulations, concentrating mostly on personal coverages. Insurance professionals taking Automobile Insurance will get an overview of the different provincial approaches to automobile insurance and some of the problems related to it. You will deal in detail with Owner’s Policies or coverages specific to your own province. Automobile Insurance is one of the building blocks of your CIP Program . A full day field trip is spent at a local brokerage where students will experience hands on training and exposure to the daily life of a brokerage

• Hours: 52
• Credits: 4
• Pre-Requisites: INS1000 OR INS1005
• CoRequisites:

Description: To understand liability insurance, you must first know something of the law and the Canadian legal system and the differences between the common law and the Civil Code of Quebec. This is not a law course but it does introduce you to those legal principles that affect liability insurance. It discusses common ways people become liable to each other and explains how this liability may be insured or why it cannot be insured.

• Hours: 48
• Credits: 3
• Pre-Requisites: INS1000 OR INS1005
• CoRequisites:

Description:

This course will help you build your business communication skills designed with the property casualty insurance industry in mind. You’ll learn to create compelling written communications free of common grammar and usage errors. Students will learn how to and will practice presenting their ideas clearly, precisely, and effectively in various written formats including the writing of letters, memos, e-mails, and formal reports. You will learn to apply plain language principles that cut jargon, passive writing, and repetition. Insurance industry professionals also need well developed oral communication skills to communicate to customers and stakeholders quickly, clearly, and effectively. This course will teach you how to hone your oral communication skills on the phone, over video chat and in-person. Difficult conversations are a part of the job for agents, brokers, underwriters, and adjusters alike. This course will help you prepare for and practice difficult conversations. Well-developed communication skills will help you immediately as you prepare for your career in the property casualty insurance industry and will also you set you up for success as you build your career.

• Hours: 42
• Credits: 3
• Pre-Requisites:
• CoRequisites:

Description:

This course focuses on learning how fraud may arise with respect to insurance policies and what initiatives the insurance industry has advanced to fight such fraudulent practices. The dollar cost of fraud to individuals and the industry is discussed, as well as the laws that affect how insurers must handle claims adjustment and settlement. Property, automobile and liability claims are covered. New business and renewals and the underwriting of each are discussed from the perspective of “red flags” which may indicated potential fraud at the beginning stages of an insurance contract.

• Hours: 36
• Credits: 3
• Pre-Requisites:
• CoRequisites:

Description:

In this course students will gain an appreciation of the reason for the existence of the insurance industry. Students will gain a deeper understanding of the challenges facing senior management in the insurance industry, as well as philosophical questions such as the role of insurance in society and the way business is conducted. The structure and interdependence of industry members are discussed, along with the market forces that shape the marketplace and the regulatory structure. Throughout this course, we will explore the insurance industry's relationship with its external environment and examine international issues. A unique set of financial concepts will be introduced, and students will learn about insurance marketing, product pricing, broker-insurer relationships, and regulatory environments. Economic issues surrounding insurance and pricing of product & service are also studied. This course emphasizes the central principle that the industry in Canada is based on trust, and ethical behaviour is an essential part of the many industry relationships that drive the insurance transaction forward. This course builds on everything students have learned in their insurance studies. The purpose of this course is to integrate the knowledge students have learned and show how it all ties together.

• Hours: 48
• Credits: 3
• Pre-Requisites: INS1000 OR INS1005
• CoRequisites:

Description:

This course introduces the basics of human anatomy and physiology and how they are important to the insurance adjuster. The investigative process is outlined and the factors involved in claim evaluation and negotiation are considered. Key topics include injuries that are likely to be encountered and the medical treatment normally prescribed, interpretation of medical reports, as well as rehabilitation and the role of the adjuster in the process.

• Hours: 36
• Credits: 3
• Pre-Requisites: INS1000 OR INS1005
• CoRequisites:

Description:

You will review the nature of an underwriter’s work and the types of knowledge, skill and temperament an underwriter needs. Advanced Underwriting examines how these characteristics must be broadened and deepened to analyze the needs and loss experience of larger, more complex risks. You will be exposed to some more unusual or specialized lines of insurance. You will consider the broader perspective a more experienced underwriter needs in dealing with the legal and regulatory environment, manuscript wordings, alternative risk transfer, reinsurance and international risks.

• Hours: 48
• Credits: 3
• Pre-Requisites:
• CoRequisites:

Description:

The capstone course is designed to integrate the final-term students’ previous learning with valuable hands-on experience. The capstone course includes will help the student develop a wide range of skills, including creative and strategic thinking, effective communication, problem solving and research analysis. Students will work to come up with innovative solutions for real insurance industry challenges. The course will help the students develop skills that are highly valued by employers and will help them progress in their chosen careers. The capstone course is designed to integrate the final-term students’ previous learning with valuable hands-on experience. The capstone course includes will help the student develop a wide range of skills, including creative and strategic thinking, effective communication, problem solving and research analysis. Students will work to come up with innovative solutions for real insurance industry challenges. The course will help the students develop skills that are highly valued by employers and will help them progress in their chosen careers.

• Hours: 42
• Credits: 3
• Pre-Requisites:
• CoRequisites: