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Insurance Management – Property and Casualty

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Program Code: IM511
Credential: Ontario Graduate Certificate
Program Length: 3 semesters
Start Dates: September

Program Overview

Risk is everywhere! That is why 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 and risk management.

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 main functional areas – underwriting, loss adjusting, risk management 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 in this very exciting field. 

Courses Learning Outcomes

Upon successful completion of the program, a graduate will:

  1. 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.
  2. Use current and relevant insurance industry-specific terminology when communicating with stakeholders.
  3. Assess and manage the four major categories of risk (hazard, operational, financial and strategic) to determine insurance needs associated with specific cases.
  4. Apply best practices for risk management to finance the negative consequences of risk events in multifaceted situations.
  5. Provide evidence-based recommendations for management of hazards and risks faced by an organization.
  6. Evaluate the clauses, terms and conditions of various insurance policy wordings in order to determine the appropriate coverage according to defined risk tolerance levels.
  7. Adjust, negotiate and settle insurance claims to satisfy needs of claimants and providers.
  8. Provide rationale for the acceptance or rejection of an application for insurance to uphold efficacy of decision-making.
  9. 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.
  10. Select leadership and communication strategies necessary to manage others and accomplish organizational goals.
  11. Prepare and deliver effective integrated marketing, customer service and sales plans to further organizational objectives.
  12. Develop, interpret and present common property and casualty insurance industry metrics and financial statistics and data to support organizational decision-making.
  13. Apply project management methodologies to identify, plan, and execute various property and casualty insurance managerial projects.
  14. Develop strategic business plans in order to respond o changing opportunities and challenges within the property and casualty insurance business.


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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

decorative imageInternational Students can Stack and Stay Longer in Canada!
decorative imageRead the Top Ten Questions about Insurance
decorative imageLearn More about Program Outcomes
decorative imageSee what students and alumni have to say! Testimonials
decorative imageDiscover the Insurance Industry
decorative imageThank you to our Donors
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International Students can Stack and Stay Longer in Canada!

Double your employability with 2 times the education and experience!
Apply now for your first Graduate Certificate and get the opportunity for early admittance* into a second program in the following year. Stack your education to potentially earn credits that will lessen your course load in year two, allowing you to work or spend more time immersing yourself in Canadian culture! Extend your stay and double your employability skills through two work terms across two business programs. The extra year of studies will give you qualifications for a potential 3-year postgraduate work permit.

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.

Julian

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)

Gozde Unel

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

two males and a female reading

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!

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.

Insurance Management Program Video

Watch the info session to learn what a lucrative and exciting career in Insurance can look like.

Humber Alumni Headshot

Watch the video to learn more about career opportunities in the insurance industry.

Thank You!

We are grateful to our corporate donors for their generous support of our students.

Applied Logo

BrokerLink Logo

Canadian Broker Network Logo

CICMA (Canadian Insurance Claims Managers Association) logo

cookhouse labs logo

crawford logo

DSB Claims Logo

Ferrari & Associates Logo

Hub logo

HWI Logo

ibao logo

IBTR Logo

JDIMI/Navacord Logo

Liberty Mutual Insurance Logo

Magnes Logo

Markel Logo

OIPA Logo

Special Risks Insurance Managers Logo

Wawanesa Insurance Logo

Zen Insurance Logo

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, risk management, or agency/brokerage. Then lean in and go far. The P&C insurance sector 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 have an excellent overall compensation package.

Professional Accreditations & Recognition

Chartered Insurance Professional (CIP)

The program is recognized by the Insurance Institute of Canada (IIC). Specific courses of this program may be recognized with the Chartered Insurance Professional (CIP) designation. 

Registered Insurance Brokers of Ontario (RIBO)

The program is recognized by the Registered Insurance Brokers of Ontario (RIBO) and helps to prepare students to write a modified Level One licensing exam.

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 dates between Sept 2023 - Aug 2024
START DATE LOCATION STATUS
September 2023 Lakeshore Open
Start dates between Sept 2023 - Aug 2024
START DATE LOCATION STATUS
September 2023 Lakeshore Open

Get Into Insurance Event Video

Get into Insurance

Watch the video on "Get Into Insurance" event that was held on June 23, 2022.


Humber Students Benefit from Five Centres of Innovation (COIs)

The Humber Centres of Innovation Network demonstrates our strong commitment to providing an experiential learning environment for students. Students and faculty work with industry partners on real-world challenges to prepare them to become the innovative and strategic problem-solvers of tomorrow. Come to Humber and experience interdisciplinary learning across five COIs.

About the COIs  

News Feed

Insurance Management Students Win Gold at WinterHack 2022

Insurance Management Students Win Gold at WinterHack 2022

Mon, December 12, 2022

A team of Insurance Management students captured first place in Cookhouse Labs' first-ever national 'Design Thinking Ideathon'.

Read More
Chubb Insurance Professionals Share Industry Insights

Chubb Insurance Professionals Share Industry Insights

Mon, December 12, 2022

On November 10th, Chubb Insurance came onsite to present to Insurance Management students as part of the program's weekly Employer Showcase.

Read More
Ontario Insurance Management Society Event a Real Success!

Ontario Insurance Management Society Event a Real Success!

Thu, November 24, 2022

The Ontario Insurance Risk Management (ORIMS) visited Humber College to conduct a risk management day with Insurance Management students! The day was a huge success.

Read More
Insurance Management Program Extended an Invitation to Attend the IBAO Conference!

Insurance Management Program Extended an Invitation to Attend the IBAO Conference!

Thu, November 24, 2022

Over forty-five Insurance Management, students were invited to the Insurance Brokers Association of Ontario (IBAO) Conference this fall.

Read More
Insurance for Sports Professionals and Movie Sets? Student Lands Exciting Role at Hub International!

Insurance for Sports Professionals and Movie Sets? Student Lands Exciting Role at Hub International!

Thu, November 24, 2022

Insurance Management Program student Blain Tattersall was recently hired at HUB International HKMB as a Commercial Lines Account Associate, in their Entertainment and Sports Practice here.

Read More

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.

Contact Us

Admissions Questions

General Enquiries

Call 416-675-3111 or email enquiry@humber.ca. If you have already applied, be sure to check your application status on myhumber.ca.

Domestic Applicants Enquiries

Domestic applicants can book a one-on-one advising appointment with an admissions representative.

International Applicants Enquiries

Contact the International Centre for information about full-time programs (including the International Graduate School), how to apply and to follow up on your submitted application.

Program-Specific Questions

Speak to the Program Co-ordinator about the course curriculum, projects and career options.

John McNeil, program co-ordinator
416.675.6622 ext. 4619
john.mcneil@humber.ca

Campus Information

Book a campus tour to take a closer look at what it's like to be a student at Humber.

Want More Info?

Find out more about the student experience and everything that Humber has to offer Future Students.

for more info on Humber, including programs, special events and more!

How To Become An Apprentice

Becoming an Apprentice

Find an employer willing to sponsor you as an apprentice.

Contact the Ministry of Labour, Immigration, Training and Skills Development to register as an apprentice.

Work with your employer approximately one year before attending Humber.

View Instructions 

Ontario Youth Apprenticeship Program (OYAP)

If you’re in high school – grade 11 or 12 – you can earn co-op education credits through work placements in some skilled trades.

Visit OYAP 

How to Apply

Domestic Students

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, search by availability, or ontariocolleges.ca.

To see where you are in the admissions process, visit the Admissions Road Map.

International Students

If you’re an international student, you can apply directly to Humber via our International Centre.

Need Advice?

Program Advising Appointments

Get help narrowing down your program options or book a one-on-one pre-enrolment advising appointment with one of our Recruitment Officers.

Transfer & Pathway Advising

Book a virtual appointment with a Student Mobility Advisor learn more about getting Transfer Credit(s) for previous post-secondary experience, Prior Learning Assessment and Recognition (PLAR), and Pathways options.

Admission Requirements

Applicants must meet all the requirements below in order to meet minimum program eligibility. Meeting minimum eligibility requirements does not guarantee an offer of admission. Admission decisions will be available via MyHumber, or by email and mail. Admission decisions will not be released by phone.

Admission selection is based on the following three requirements:

  • Academic

    To be eligible for admission, you must possess the following:

    • A bachelor’s degree, advanced diploma or diploma

    Mature Applicants

    Diplomas and Certificates

    An applicant is considered a mature applicant if they have not completed secondary school or other postsecondary school, and will be 19 or older as of the first day of classes. Humber will invite you for testing to demonstrate that you meet all listed course requirements.

    Degrees

    An applicant is considered a mature applicant if they have not completed secondary school or attended postsecondary studies, and will be 21 or older as of the first day of classes. Mature applicants for degree programs will be required to meet course requirements at the U/M level or equivalent.

    College Transfer Applicants

    Diplomas and Certificates

    An applicant is considered a college transfer applicant if they have completed some or all of a college-level credential. Humber may use a combination of secondary school and/or college courses and grades to determine program eligibility.

    Degrees

    An applicant is considered a college transfer applicant if they have completed some or all of a college-level credential. Humber may use a combination of secondary school and/or college courses and grades to determine program eligibility. Applicants must have an overall minimum grade point average (GPA) of 65 per cent in the program. Applicants are required to disclose and provide academic transcripts for all course work completed at the postsecondary level.

    University Transfer Applicants

    Diplomas and Certificates

    An applicant is considered a university transfer applicant if they have completed some or all of a university-level credential. Humber may use a combination of secondary school and/or university courses and grades to determine program eligibility.

    Degrees

    An applicant is considered a university transfer applicant if they have completed some or all of a university-level credential. Humber may use a combination of secondary school and/or university courses and grades to determine program eligibility. Applicants are required to disclose and provide academic transcripts for all course work completed at the postsecondary level.

  • English Language Proficiency

    All applicants whose first language is not English must meet Humber’s English Language Proficiency Policy.

  • International Credit Evaluation

    Canadian citizens or permanent residents with international education are required to provide a WES or ICAS evaluation.

International Academic Equivalency

Admission equivalencies for Humber depend on your country of study. Please enter your location or choose detect my location to see the requirements for your country below.

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).

N/A

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)

Program-Specific Questions

Speak to the Program Co-ordinator about the course curriculum, projects and career options.

John McNeil, program co-ordinator
416.675.6622 ext. 4619
john.mcneil@humber.ca

Fees & Financial Aid

The 2022-2023 fee for three semesters was:

  • domestic: $4,856.58
  • international: $18,058.00

Fees are subject to change.

Fees by Semester

Domestic Fees International Fees

Additional 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.

Financial Aid, Scholarships and Bursaries

Understand the costs associated with coming to Humber and explore resources available from first year to your final year on Student Fees and Financial Resources.

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.
View Pathways Into This Program  
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