Business – Insurance BIN3/BIN5
Introduction
Video: Business – Insurance Video by Fanshawe OER Design Studio [2:03] is licensed under the Standard YouTube License.Transcript and closed captions available on YouTube.
If the idea of helping people find solutions that protect themselves and the ones they care for appeals to you, then this two-year diploma program is for you. Our insurance courses will teach you the fundamentals of insurance, and you’ll study underwriting, claims investigation, risk analysis and contracts, which will prepare you for a range of entry to junior-level career paths in this growing industry.
Unique Program Experiences
- Many networking opportunities
- Unique mentoring opportunities with industry professionals
- A SILEx opportunity – you can find out more about our SILEx experience at SILEx and Job Skills for the Future.
Toolkit
Technology and tools that students will take away from the program:
- Multidisciplinary approach
- Mentoring opportunities
- Job ready skills
- Opportunity to challenge Insurance Institute of Canada exams as well as Risk Management exams to earn credits towards various designations.
Student Experiences
Many on and off-campus events:
- Meet the Industry Night
- Risk Management case competition
- Broker convention
- Risk management convention
- Career fair — Including mock interviews and other career preparedness activities
Student Testimonial Video
Video: Fanshawe College Business Insurance Program- Brianna Fraser by Fanshawe OER Design Studio [2:10] is licensed under the Standard YouTube License.Transcript and closed captions available on YouTube.
“I am a 2023 graduate of the Business Insurance program at Fanshawe. I entered the program seeking a stable, second-career option. Not only did I find the stability and work-life balance I desired, but a dynamic and uniquely challenging industry that I am proud to be a part of today. My career would not be possible if it were not for the BIN Program at Fanshawe.
A hallmark of the program is supportive professors who are currently employed within varying areas of the industry. These career veterans were able to bring real-world experiences into the classroom through modern perspectives and case studies that reflect the current state of the insurance industry. Classes were engaging and offered many opportunities to participate in discussions, receive feedback, and collaborate with others soon entering the industry.
Fanshawe also provided opportunities to network with those currently in the insurance industry. I personally attended Meet the Industry night, coffee chats with industry professionals, career fairs, mock interviews, and various workshops. Not only did these opportunities allow me to expand my knowledge of the industry as a whole, but to meet individuals that I would be connecting with in the future.
Through the Business Insurance career fair at Fanshawe, I met my future employer and was fortunate enough to have a job offer before I graduated. Additionally, I was able to successfully complete 9/10 CIP exams during my time in the program. Not only was I able to enter the industry immediately upon graduation, I was able to do so with immense confidence in my foundational knowledge.
I am incredibly grateful for the opportunities provided by Fanshawe and the BIN program. I would highly recommend this program again and again!” – Kayle Stone
Your Future Career
Join an extremely stable and vibrantly growing industry in a brokerage as a CSR or broker, in a company as an underwriter or claims adjuster. Some sample job descriptions can be found below.
Sample Job 1: Commercial Insurance Advisor
Role entails:
- Helping customers find insurance solutions that meet their needs.
- Ensure customer satisfaction and offer advice that helps them make informed decisions.
- Creating a trusting environment that fosters sales and customer retention.
- Actively engaging in training and professional development.
Sample Job 2: Underwriting Assistant
Role entails:
- Sound judgement.
- Assists underwriters in processing renewals and endorsements while handling straightforward requests of the same.
- Answer straightforward inquiries from brokers promptly and courteously.
- Apply underwriting strategies in accordance with company guidelines and personal underwriting authorities.
Sample Job 3: Field Claims Representative
Role entails:
- Evaluate and analyze the information gathered, insurance wording, and damages to determine what is covered in each situation.
- Evaluate the potential liability of the insured and third parties by consulting with experts.
- Negotiate with clients, claimants, attorneys, and insurers to settle claims within your authority.
- Collaborate effectively with various teams, including appraisal, underwriting, and legal.
Co-op
For information about the Co-op option, please visit the Business Insurance Co-op (BMI5) page.
To learn about the Business – Insurance program, including the description, admission requirements and courses, see the program website.
