Insurance and Risk Management – IRM1
Introduction
Video: Insurance and Risk Management by Fanshawe OER Design Studio [2:29] is licensed under the Standard YouTube License.Transcript and closed captions available on YouTube.
This one-year post-grad program is designed for university and college graduates looking for a career in the insurance and risk management sector. As a student in this program, you’ll take courses in the principles and practices of Insurance, risk management, essential skills for brokers/agents, leadership principles and practices, and professional communications. You’ll also analyze and apply complex liability policies and other miscellaneous liability coverages using different scenarios and case studies.
Unique Program Experiences
- Many networking opportunities
- Unique mentoring opportunities with industry professionals
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 Experience
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 Testimonials
Video: Insurance and Risk Management Student Testimonial – Yury Sharypov by Fanshawe OER Design Studio [1:45] is licensed under the Standard YouTube License.Transcript and closed captions available on YouTube.
“I studied the Postgraduate program in Insurance & Risk Management at Fanshawe College. The program started back in January 2022, when the world was just coming out of the COVID pandemic, borders were beginning to open again and Fanshawe college as well as a lot of other institutions were delivering their lectures online. I was quite skeptical at first as I have always been used to a physical classroom, but I was pleasantly surprised at how the Professors made their classes very welcoming and engaging. Students felt seen and heard, and every question on the course material was answered without it seeming like a distraction. By summer of the same year, we transitioned smoothly into in–person classes, and the level of engagement did not wane. The courses were quite practical and hands-on by using real-life workplace scenarios and providing great resources online
“The program encourages students to write the CIP (Chartered Insurance Professional) exams, which usually comes up around semester exams, the course materials are the same. This way you are studying for both exams and most students would have completed at least 6 out of the 10 CIP exams by graduation. The program also created various opportunities for internship and full-time employment through several job fairs organized by the department, which connected students to industry leaders in the insurance industry and financial sector as a whole. I am proud to say that I benefitted greatly from this opportunity as I got to intern at Intact Insurance and subsequently, transitioned into a full-time role upon graduation.” – Titilola Folarin – Current Employer: Intact Insurance
“I recently graduated from the Insurance & Risk Management program, which was my second and final program at Fanshawe College. Along with graduating, I also landed a job in the same sector, as an Underwriting Associate, which would not have been possible if not for the learning exposure and experiences gained during the tenure of this program.”
In fact, it was during this time that I realized how much more of a vital role Insurance actually plays in our lives and the wide range of opportunities that this industry has to offer, starting from underwriting, claims, insurance broker/agent or even risk management. Of course, we can choose our field within this sector based on our interest, as the career options in this sector are not limited.
Moreover, as students of this amazing program, we always had various opportunities to learn. Be it the case studies, group discussions in class, or even the assignments, they always added to our knowledge in one way or the other. Most importantly, the frequent networking opportunities, both virtual and in-person events, such as, insurance career fairs and mock interviews with industry professionals directly, helped us connect with industry professionals, which really goes a long way in helping to shape us towards becoming an insurance professional ourselves.
Moreover, our dedicated and dear professors, who are industry experts themselves, provided us with not only theoretical but also practical knowledge in accordance with latest industry standards and requirements; these aspects provided great value to this program. Last, but definitely not the least, is the fact that we are also being trained to tackle professional exams, which include CIP, CRM and even RIBO; we are studying the same course materials, and we can also take these exams while being a student, which is definitely amazing.
Overall, I express my sincere gratitude to all my amazing professors for all the invaluable knowledge and experience they brought to us, in addition to providing us with constant guidance and support throughout. Thank you so much for the opportunity.” – Meenakshi Kuppamuthu – Underwriting Associate
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!
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.
To learn about the Insurance and Risk Management program, including the description, admission requirements and courses, see the program website.