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Business - Insurance

Business - Insurance

Program Code: BIN Campus: 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 is designed to satisfy the professional labour needs of the dynamic property and casualty (general) insurance industry in Canada. Offered in co-operation with the Insurance Institute of Canada (IIC), this program is anchored on the fundamental aspects of business and insurance, covering broad business principles and practices, as well as specialized disciplines within property and casualty insurance. It focuses on claims, brokerage and underwriting where career prospects are strong. Graduates of this program will earn credits toward the internationally recognized Chartered Insurance Professional (CIP) designation. Students must register for IIC 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)

Your Career

Graduates will be equipped with the knowledge and skills essential for an understanding of the property and casualty insurance industry in Canada. Graduates will earn up to 8 credits toward the CIP designation from the Insurance Institute of Canada. They will be prepared for progressive careers in claims, underwriting and brokerage.

Core Curriculum

The core curriculum is anchored on thirteen business courses and three General Education elective courses offered through the Faculty of Business. This allows for articulation into the BIN program by students with credits earned from other Seneca Schools of Business (Marketing and e-Business, International Business, Accounting and Financial Services, Business Management). Also integral to the program are eight insurance courses that are part of the curriculum established by the IIC for the internationally recognized Chartered Insurance Professional (CIP) accreditation. Students in the two-year Seneca program will earn credits toward the CIP designation, which they would complete after one year of work experience at an insurance company or a brokerage firm, following graduation from Seneca, and two final CIP courses taken through the IIC. Business - Insurance students enrol in CIP 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 universities and colleges:

Toronto

University/CollegeDegrees Available
Seneca College• Bachelor of Applied Business, Financial Services Management
• Bachelor of Applied Business, Municipal and Corporate Administration
• Bachelor of Applied Business, Human Resources Strategy and Technology
• Bachelor of Applied Business, International Accounting and Finance
Tyndale University College• Bachelor of Arts, Business Administration

Ontario

University/CollegeDegrees Available
Algoma University• Bachelor of Business Administration

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 3
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: Naomi Herman
Telephone: (416) 491-5050 Ext. 6864
Email: naomi.herman@senecac.on.ca
Program Coordinator: Elliott Spagat
Telephone: (416) 491-5050 Ext. 6240
Email: elliott.spagat@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 Advisor: Salaha Fatima
Telephone: (416) 491-5050 Ext. 2127
Email: salaha.fatima@senecac.on.ca
Registration & Records Contact: Barbara Byers
Telephone: (416) 491-5050 Ext.
Email: Barbara.Byers@senecac.on.ca

Seneca College of Applied Arts and Technology