Insurance Management – Property and Casualty
Program Details
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 people, you can find your specialty in insurance.
Humber’s Insurance Management – Property and Casualty 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.
Semester 2 |
Fall 2021 Delivery |
|---|---|
| IMPG 5500: Essential Skills for the Insurance Broker and Agent (C130) | Not Running |
| IMPG 5501: Insurance on Property (C12) | Not Running |
| IMPG 5502: Essentials of Loss Adjusting (C110) | Not Running |
| IMPG 5503: Project Management for Insurance Professionals | Not Running |
| IMPG 5504: Insurance Business Management and Leadership | Not Running |
| IMPG 5506: Underwriting Essentials (C120) | Not Running |
Semester 3 |
Fall 2021 Delivery |
|---|---|
| WORK 5520: Work Placement for Insurance Management |
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 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 the Greater Toronto Area. A 160-hour (minimum) work placement may be completed full time in the third semester.
The Humber Advantage
Thank You!
We are grateful to our corporate donors for their generous support of our students by providing scholarships.
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.
Why Insurance?
It's hard to find a more stable, lucrative and rewarding position than a career in Insurance Management. Why? For starters, the insurance industry is virtually recession proof - in fact, since the recession of 2008, the industry added over 12,000 jobs!
What's more, a career in insurance is both stable and challenging, offers great compensation, advancement opportunities and training. There is a tremendous variety of insurance roles, from risk management, underwriting, claims, sales and more! No matter what your passion, you are sure to find the right career path for you in this hidden gem of an industry.
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.
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!
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.
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
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 2021 | North | Open |
| START DATE | LOCATION | STATUS |
|---|---|---|
| September 2021 | IGS | Open |
| North | Open | |
| January 2022 | IGS | Open |
International students can now apply to this program at Humber’s new International Graduate School (IGS).
Insurance Management - Property 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.
Business, Accounting & Management Success Stories
Insurance Management program receives ample scholarships for students
Thu, June 10, 2021
The Humber Insurance Management Program was invited to the Canadian Insurance Claims Managers Association and the Canadian Independent Adjusters' Association Claims Conference.
Insurance Employer Showcase Initiative a Huge Success
Thu, June 10, 2021
The Insurance Management program offered a new way to engage Insurance Management students with employers this year via an Insurance Employer Showcase initiative.
No news at this time.
Faculty of Business Events
Global Learning Collective Virtual WIL Information Session
Humber
Thu, July 22, 2021
Online
Join us to learn about the exciting virtual Work Integrated Learning opportunities available with the Global Learning Collective!
Faculty of Business News
One Hundred and Nine Students Tune Into WIL Hosted Event with a CEO and Business Coach
Wed, June 09, 2021
On May 26th, the Work-Integrated Learning (WIL) centre hosted Tammy Defoe as a guest speaker with one hundred and nine students in attendance.
No news at this time.
Program News
Insurance Management program receives ample scholarships for students
Thu, June 10, 2021
The Humber Insurance Management Program was invited to the Canadian Insurance Claims Managers Association and the Canadian Independent Adjusters' Association Claims Conference.
No news at this time.
Every attempt is made to ensure that information contained on this website is current and accurate. Humber reserves the right to correct any error or omission, modify or cancel any course, program, fee, timetable or campus location at any time without prior notice or liability to users or any other Person.
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
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
If you have questions about these Equipment & Device Requirements contact:
John McNeil, program co-ordinator
416.675.6622 ext. 4619
john.mcneil@humber.ca
Fees
The 2021-2022 fee for three semesters is:
- domestic: $4,801.66
- international: $18,048.00
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.
Pathways
Pathways are academic routes that students can take to move from one credential to another.
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.
