Insurance Management – Property and Casualty
Program Overview
Insurance has become an integral part of virtually everything we do in life and business. Roles within the insurance industry are many and varied. Whether you enjoy working with numbers, doing research, solving problems, or working with or helping people, you can find your specialty in insurance.
Humber’s Insurance Management – Property and Casualty (P&C) graduate certificate program prepares you for a variety of entry-level management career paths in the large and growing property and casualty insurance industry. Learn the fundamentals of the industry and its three main functional areas – underwriting, loss adjusting and agency/brokerage – and gain transferable skills in business communications, computer applications, insurance accounting and metrics, marketing, sales and customer service, project management, and leadership. Employment-focused experiential learning helps you consider a variety of options as you launch your career.
Upon successful completion of the program, a graduate will:
- Differentiate the functions of and the relationships between various elements within the structure of the insurance industry in Canadian and global contexts in order to identify business opportunities, challenges and solutions.
- Use current and relevant insurance industry-specific terminology when communicating with stakeholders.
- Assess and manage the four major categories of risk (hazard, operational, financial and strategic) to determine insurance needs associated with specific cases.
- Apply best practices for risk management to finance the negative consequences of risk events in multifaceted situations.
- Provide evidence-based recommendations for management of hazards and risks faced by an organization.
- Evaluate the clauses, terms and conditions of various insurance policy wordings in order to determine the appropriate coverage according to defined risk tolerance levels.
- Adjust, negotiate and settle insurance claims to satisfy needs of claimants and providers.
- Provide rationale for the acceptance or rejection of an application for insurance to uphold efficacy of decision-making.
- Evaluate the needs of a commercial and/or personal client in order to plan and recommend an insurance program that provides protection from identified exposures.
- Select leadership and communication strategies necessary to manage others and accomplish organizational goals.
- Prepare and deliver effective integrated marketing, customer service and sales plans to further organizational objectives.
- Develop, interpret and present common property and casualty insurance industry metrics and financial statistics and data to support organizational decision-making.
- Apply project management methodologies to identify, plan, and execute various property and casualty insurance managerial projects.
- Develop strategic business plans in order to respond o changing opportunities and challenges within the property and casualty insurance business.
Work Placement
Get hands-on experience in the industry with a 160-hour (minimum) work placement that will give you the opportunity to apply what you have learned in the classroom. Students initiate the placement with the aid of faculty, targeting companies in and around the Greater Toronto Area. Placements may be completed full time in the third semester.
The Humber Advantage
1. Why insurance?
While on the surface, insurance may not seem as exciting as some other careers, when you get to learn more about it, it can be quite fascinating. Insurance affects everyone's lives as individuals, business and organizations and as a global society. Think of being able to help through situations arising from accidents, cyber-attacks or weather-related issues. There is so much that people who work in insurance can do to help during some of life's most difficult situations.
Watch the video to learn 5 reasons why you should study Insurance Management at Humber. Hear about the industry demand for employees, exciting career opportunities and more about the program and work-integrated learning.
2. Is this Program Right for Me?
Are you someone who
- wants to help people when they need it the most?
- enjoys problem-solving and learning new skills?
- wants to work in a fast-paced, rewarding industry, with countless advancement opportunities?
- has a degree or a college diploma?
- has an educational or professional background in either business, justice studies, kinesiology, marketing, engineering or liberal arts?
If the answer is yes to all of the above, then the industry is looking for candidates exactly like you.
Insurance is about helping people. Your role will be related to either protecting from eventual risk, or helping put lives or businesses back together after they have experienced a claim. Insurance allows the world to run confidently knowing that there will be assistance in the aftermath of a possible catastrophe.
- 94% of those in the industry are proud to work within it.
- 97% of those in the industry feel as though they are making a difference in their role.
3. Is the insurance industry stable?
The insurance industry is so stable that it is often referred to as "recession proof". The industry has been steadily increasing in breadth and in employment opportunities.
4. What if I know nothing about insurance, could I still be successful in the program?
The Insurance Management program will give you the knowledge and skills needed to enter into the insurance industry. As a postgraduate program, it is designed to compliment your skills, experience and prior education. Many students have blended their previous education from different areas such as health care, business, project management, IT, legal and more, to specialize in insurance in these sectors.
5. Do graduates get jobs in insurance?
The insurance industry is in a talent crisis with a large portion of the current workforce deemed to retire in the next 5-10 years. Many of our domestic and international students receive multiple job while still in the program. Often the employment opportunities outnumber the graduates from this program, giving students a choice of where to begin their career.
6. Are there opportunities for advancement?
The insurance industry has multiple opportunities for advancement and branching out into other sectors or specialties. Many organizations recognize promising talent and work toward developing that through career advancement opportunities.
7. What is the starting salary?
The overall compensation package is very attractive and often comes with benefits, stock options, RRSP’s and the possibility of a lucrative salary. The starting salary can range between $45,000 to $55,000 with the average 5 year salary in the six figure range.
8. What types of jobs are available for graduates?
Graduates typically start in roles such as:
- Claims adjusters and advisors
- Jr. account managers
- Underwriting assistants
9. Is insurance just sales?
Insurance is not just about Sales it is about helping people. The skills that will help you round out a career in insurance include
- Customer service
- Numeracy
- Organization
- Problem-solving
- Detail-oriented
- Analytical
- Communication
10. What if I am not good at accounting or math?
Working in insurance is not reliant on expert numeracy. Some roles are more mathematically demanding like Actuaries who work with statistics, but for work in Claims, you just need to be comfortable with basic math.
Why Take Insurance at Humber
Humber's one year postgraduate program
- Will help you hone your skills to launch your career quickly.
- Will introduce you to multiple employers (on average students meet over 40+ employers in a span of 8 months).
- Will teach you insurance technology via our partnership with Humber's Faculty of Applied Technology
- Is supported by award winning faculty who are here to help
- Is recognized by the Insurance Institute of Canada and has seven Chartered Insurance Professional (CIP) courses embedded within it, which is considered the designation within the insurance industry (with only three more course and you will have the designation).
- Includes a 160 hour work placement component as part of the curriculum allowing you to try out the industry while also gaining some valuable work experience.
- Has a strategic partnership with the Insurance Brokers Association of Ontario who sponsors all students’ brokers’ licenses which will allow our graduates to stand out amongst employers.
- Has deep connections to the industry.
- Offers multiple scholarship opportunities (25+ in total)
Watch the video to hear Gozde Unel's experience in the Insurance Management Program, how she had multiple job offers upon graduation and the role she is in now at one of the largest brokerages in Canada.
Learn from Insurance Industry Professionals
In this program, you'll learn from the best in the industry. Our faculty and instructors are top-of-their field experts with long, successful careers in insurance, and consist of award-winning instructors (recognized by the Insurance Institute of Canada), thought leaders, former CEOs and directors, and more. Most importantly, they are all energized and passionate about training the next generation of insurance professionals.
Expand Your Professional Network
Throughout the school year, you'll have multiple opportunities to speak one-on-one with insurance industry professionals and expand your network. Students get invited to conferences, field trips and job/placement fairs. Companies also come on campus to guest speak and conduct interviews with students. In addition to these events, we host an Insurance Career Day where students get to meet and network with industry professionals, and the Career Summer Placement Fair that is attended by over twenty insurance companies looking to hire graduates.
Alumni Success
Humber’s Insurance Management – Property and Casualty program prepares students for success in the workplace. But don't take our word for it, see what some of our alumni have to say about their experience in this program:
"Within a few months of graduating, I have received my Brokers license and received several job offers from top employers. The IMPC program was instrumental in starting my career in the insurance industry."
- Amanda
"The professors shared their experiences and provided us with advice on how to succeed in this industry. Their enthusiasm and passion encouraged me to not only pursue the IMPC certificate but also to take the Chartered Insurance Professional exams. Employers are impressed by the fact that most of Humber students come out with 7 out of 10 CIP exams. In my case, my employer is very happy to support me with the 3 remaining exams, but having the 7 previous CIP exams was a huge asset when they were considering me for the position."
- Eduardo
"The IMPC program curriculum focuses on the core principles of insurance, as well as beneficial classes such as accounting, career planning, and computer programming. This program maintains a good mix of everything that will help you be successful in entering the industry."
- Erica
Watch the video to hear from Humber's Insurance Management Program alumni and why they chose to study insurance management, reasons for studying at Humber and how they found work in the industry.
The Industry Needs Talent Like You
Companies are currently looking for graduates and young professionals with ambition, innovation, critical-thinking skills and who are engaged and ready to make their mark on this industry. Currently, the industry is in a talent crisis, with 30 percent of the current workforce preparing to retire in the next five years. Companies are looking to significantly grow their workforce over the next ten years - there's never been a better time to get into an Insurance Career!
Thank You!
We are grateful to our corporate donors for their generous support of our students.
Your Career
Career opportunities may be found at many property and casualty (P&C) insurance companies of which many are positioned in the GTA, as well as across Canada. Choose your area of specialization – underwriting, loss adjusting or agency/brokerage – to complete your final three Chartered Insurance Professional courses. Then lean in and go far. P&C insurance is among the largest and most lucrative industries in the country with expanding employment demand due to industry growth and an aging workforce. Jobs here require specialized higher education levels and often pay above average.
Professional Accreditations & Recognition
Chartered Insurance Professional (CIP)
This program is recognized by the Insurance Institute of Canada (IIC) as providing seven of the ten required courses toward the Chartered Insurance Professional (CIP) designation.
Registered Insurance Brokers of Ontario (RIBO)
The Insurance Management Program is recognized by the Registered Insurance Brokers of Ontario (RIBO). Graduates of the program have been approved to write a modified Level One licensing exam towards becoming a Registered Insurance Broker in Ontario.
Humber College is proud to partner with the Insurance Brokers Association of Ontario (IBAO). The IBAO has generously offered to support Humber students’ professional development by waiving the fees associated with the equivalency prep course, the prep course textbook and the Level One RIBO Licensing Examination.
Additional requirements may apply.
Note: The requirements for the additional credential(s) are determined by the granting body, which is independent from the College. Students are encouraged to obtain the specific requirements directly from the granting body before enrolling.
Related Programs
Program Availability
| START DATE | LOCATION | STATUS |
|---|---|---|
| September 2022 | North | Open |
| START DATE | LOCATION | STATUS |
|---|---|---|
| September 2022 | IGS | Not Available |
| September 2022 | North | Waitlisted |
International students can now apply to this program at Humber’s new International Graduate School (IGS).
Insurance Management - Property and Casualty
Watch the video to see how this program prepares you for a variety of great, exciting careers with lots of advancement opportunities and a great reputation for good pay and benefits.
News Feed
Humber Fundraising Alumni, Deepa Mattoo, Recognized for YWCA Woman of Distinction Award
Thu, April 28, 2022
Deepa Mattoo is a feminist lawyer and Executive Director of Barbra Schlifer Commemorative Clinic committed to advocating for survivors of gender-based violence.
Fundraising Management Program Alumni, Faculty and Advisor Involved in the New Canadian Centre
Thu, April 28, 2022
In March, the Canadian Centre for Nonprofit Digital Resilience was launched.
No news at this time.
Experience Humber
Humber
Sat, June 04, 2022 | 10:00 AM - 02:00 PM
Lakeshore, North
Experience Humber in the best way you can, in-person!
We’ll be hosting Campus Tours, showing off our lab spaces, and giving guests a chance to meet our faculty representatives, staff and student ambassadors.
Read More About the EventNews Feed
WIL Centre Hosts Florence University of the Arts Information Session that Wows Students
Thu, April 28, 2022
Students from the Faculty of Business participated in an information session hosted by the Work Integrated Learning (WIL) Centre and the Florence University of the Arts (FUA).
No news at this time.
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On October 21, 2019, the Provincial Government of Ontario announced the renaming of the Ministry of Training, Colleges and Universities (MTCU) to the Ministry of Colleges and Universities (MCU). Both names may appear on this website.
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HOW TO APPLY
ADMISSION REQUIREMENTS
EQUIPMENT & DEVICE REQUIREMENTS
FEES & SCHOLARSHIPS
PATHWAYS
CONTACT US
Post-Admission Requirements
Once you have been accepted, and have confirmed your offer, you may need to complete a further set of requirements related to your program (Post-Admission Requirements).
Equipment & Device Requirements
All Semesters
| Details and Specifications | Minimum Specifications | Recommended Specifications |
| Processor | Dual-core processor | Quad-core processor |
| OS | Window 10 or IOS | Window 10 |
| Memory | 8 GB of RAM | 16 GB of RAM |
| Storage | 100 GB HDD | 512 GB SSD |
| Monitor | Laptop computer (not a notebook such as a Chromebook or a tablet) recently purchased; last 18 months | Laptop computer (not a notebook such as a Chromebook or a tablet) recently purchased; last 18 months |
| Other | Built-in WiFi, a microphone and a webcam | Built-in WiFi, a microphone and a webcam. Long battery life (strongly recommended) |
Contact Information
John McNeil, program co-ordinator
416.675.6622 ext. 4619
john.mcneil@humber.ca
Fees
The 2022-2023 fee for three semesters is:
- domestic: $4,856.58
- international: $18,058.00
Fees are subject to change.
Fees by Semester
Domestic Fees International FeesAdditional Costs
Our program prepares you to write exams for seven of the ten required courses for the Insurance Institute of Canada’s Chartered Insurance Professional (CIP) designation. Costs for such exams are in addition to the fees noted above and are payable to, and at the discretion of, the Insurance Institute of Canada.
Students currently registered and in good standing in this program may be eligible for the following discounted examination fees:
- C11 Principles and Practice of Insurance - $184 (includes a one-time administration fee)
- C12 Insurance on Property; C13 Insurance Against Liability; C14 Automobile Insurance; C110 Essentials of Loss Adjusting; C120 Underwriting Essentials; and C130 Essential Skills for the Insurance Broker and Agent - $140 each
These costs are subject to change.
Additional costs for textbooks and other course materials – $2,500.
Note: An additional registration fee of $440 applies to placements completed after the final semester of this program.
Scholarships
Humber Scholarships
Find out more about scholarships and bursaries that you may be eligible for, visit Student Scholarships. International students can visit International Student Scholarships.
Humber Bursaries
Bursaries are available for Certificate, Diploma and Degree programs primarily based on financial need, visit Humber Bursaries.
External Awards, Bursaries & Scholarships
Find out more information about external scholarships and bursaries, visit External Awards.
Indigenous Student Awards, Bursaries & Scholarships
Humber offers a variety of bursaries and scholarships for Indigenous students, visit Indigenous Student Awards.
Explore Opportunities through Humber Pathways
Humber Pathways include:
- Opportunities to build on your college education and complete your diploma or degree at Humber.
- Degree and graduate study opportunities at other institutions in Ontario, Canada and abroad.
How to Apply
Applications to Humber are made through ontariocolleges.ca. Be sure to submit your application by the equal consideration deadline of February 1. You may apply after February 1, however, post-February 1 applications will be considered on a first-come, first-served basis depending on the availability of the space in the program. To check program availability refer to the Campus/Availability listing on Humber's program pages or ontariocolleges.ca.
INTERNATIONAL STUDENTS
If you’re an international student, you can apply directly to Humber via our International Centre.
