Business – Insurance (BIN)

Program overview

Seneca's Business – Insurance (BIN) program is designed to prepare students for a rewarding career in the property and casualty (general) insurance industry in Canada. This two-year diploma program is offered in collaboration with the Insurance Institute of Canada (IIC) and focuses on essential aspects of both business and insurance. Students will gain a comprehensive understanding of brokerage, underwriting, and claims, equipping them with the necessary skills to thrive in this dynamic field.

Program structure

The Business – Insurance program is structured to provide a robust educational experience over a period of 4 semesters (2 years). The program is delivered in a hybrid format, combining both online and in-person learning, which allows for flexibility in how students engage with the material. Key features of the program structure include:

• Co-op Option: Students have the opportunity to complete a co-op work term, gaining valuable hands-on experience in the insurance industry.
• Flexible Learning: Some courses are available in a flexible delivery format, allowing students to choose between in-person and online learning.
• Part-time Option: A part-time study option is available for those who may need a more flexible schedule.

This program meets the eligibility requirements for the Post-Graduation Work Permit (PGWP), making it an excellent choice for international students looking to gain work experience in Canada after graduation.

Featured Experiences

The Business – Insurance program offers several unique features that enhance the learning experience:

• Co-op Work Term: Students can participate in a co-op term, which is typically a full-time paid position, providing real-world experience in the insurance sector.
• Career Workshops: In-class career workshops and one-on-one coaching are provided to help students prepare for their co-op term and future careers.
• Hybrid Delivery: The program's hybrid delivery format allows for a blend of online and in-person learning, catering to different learning preferences.
• Global Recognition: The program is accredited by the Accreditation Council for Business Schools and Programs (ACBSP), ensuring a high standard of education.

Career Options

Graduates of the Business – Insurance program can pursue a variety of career paths in the insurance industry. Some potential job options include:

• Insurance Adviser: Provides clients with advice on insurance policies and coverage options to meet their needs.
• Insurance Broker: Acts as an intermediary between clients and insurance companies, helping clients find the best policies.
• Client Adviser: Works directly with clients to assess their insurance needs and recommend appropriate solutions.
• Insurance Co-ordinator: Manages insurance policies and claims for organizations, ensuring compliance and efficiency.
• Claims Co-ordinator: Oversees the claims process, assisting clients in filing claims and ensuring timely resolution.
• Insurance Underwriter: Evaluates insurance applications and determines coverage terms and premiums based on risk assessment.

These roles highlight the diverse opportunities available to graduates, allowing them to make a significant impact in the insurance sector.

DISCLAIMER: The information above is subject to change. For the latest updates, please contact LOA Portal's advisors.