Campus | Start Date | Tuition/Fees |
---|---|---|
Moncton | September 2025 (Blended Delivery) | Domestic | International |
Businesses and individuals face risk every day. Insurance and risk management professionals provide a critical security blanket for people, companies, and communities. We are the experts who think about all the “what if?” scenarios. Then we develop solutions that offer people and businesses long-term security, stability, and peace of mind. From start-ups to multinationals, all companies aim for peak efficiency, and that’s why insurance and risk management experts are needed in every industry.
In our Business Administration: Insurance and Risk Management program, you’ll learn core business fundamentals and specialized skills in underwriting, claims adjusting, and agency services for property, liability, and automobile insurance. Insurance specific content is taught aligned with the Insurance Institute of Canada (IIC). Upon successful completion of insurance related courses from the program, students may choose to register for the Chartered Insurance Professional (CIP) designation examinations administered by the IIC. If you’re strong with numbers and love the idea of protecting the best interests of people and companies, apply today and pursue a rewarding career as an insurance and risk management professional.
The requirements for this diploma program may be achieved within two academic years of full-time study.
Profile B
NB Francophone High School Math Equivalencies
International Student Admission Equivalencies
Welcome to an industry with a huge variety of career opportunities. You could work as an assessor, evaluator, or appraiser, determining the value of properties, businesses, estates, and personal items for purposes of sale, purchase, taxation, or disposal. Claims adjusters and examiners work for insurance companies and determine the amount of loss or damage covered by insurance policies. Graduates also work as underwriters, reviewing and evaluating insurance applications to assess insurance risks, insurance premiums, and extent of insurance coverage according to company policies.
Graduates who enjoy working with the public often pursue careers as agents and insurance brokers, selling life, automobile, property, health, and other types of insurance to individuals, businesses, and public institutions. Insurance agents are employed by individual insurance companies or are independent representatives of specific insurance companies. Risk managers are employed within various organizations and as external consultants to identify, analyze, and treat risks.
Graduates of the two-year Business Administration: Insurance and Risk Management program may be able to transfer into the third year of four-year degree program at numerous university partners.
The insurance specific content is aligned with the Insurance Institute of Canada (IIC). Upon successful completion of insurance related courses from the program, students may choose to register for the Chartered Insurance Professional (CIP) designation examinations, administered by the IIC. These exams are offered in the months of April, July, and December and students must register in advance. Exams must be written during the semester in which the student receives the given instruction. Should a student wish to defer a CIP examination, he/she must submit his/her request in writing in advance to the IIC registrar, along with supporting documentation. Registering for IIC examinations is the responsibility of the student.
Technology Requirements
51³Ô¹Ïapp is a connected learning environment. All programs require a minimum specification, including access to the internet and a laptop. Your computer should meet your program technology requirements to ensure the software required for your program operates effectively. Free wifi is provided on all campuses.
Courses are subject to change.
This course provides a general overview of the Canadian business environment as well as the various functional areas of a business. Focus will be placed on the interrelationships between the functional areas of business, such as finance and accounting, sales and marketing, human resources, operations and logistics. The course will also introduce business structures, the role of government, business ethics, social responsibility and entrepreneurship. The course will provide a basic understanding of Canadian business practices and terminology and the concepts of macro and micro environments will be introduced.
This course is designed to provide the knowledge and skills to identify, analyze and minimize risks. Topics include when and how risk management methods are applied, the principles and processes used to mitigate risks and how to apply the resources to control their likelihood and severity.
This course is designed to allow the learner to work independently in an industry setting related to their field of study. Learners are expected to follow the work schedule of the practicum host. The duration of this practicum is five (5) weeks.
This course is designed to strengthen fundamental skills in written communications. This course focuses on how to write clear, effective sentences and paragraphs, create organized, unified, and coherent business messages and documents. Emphasis will be placed on recognizing the importance of communicating for the intended purpose and audience. The students will apply the stages of the writing process to business writing: prewriting, writing, and revising, as well as research, prepare, format, draft, proofread and edit a series of documents commonly used in business.
This course is designed to develop professional verbal communication and presentation skills for the business environment. Emphasis is placed on verbal communication techniques, strategies, and presentation tools to deliver oral presentations with confidence and professionalism.
This course is designed to introduce a wide range of macroeconomic topics. Focus is placed on aggregate supply and demand, fiscal policy, unemployment, inflation, money and banking, monetary policy, as well as international trade and trade policy.
This course is designed to introduce the principles of economics and the economic behaviour of individuals and businesses. The course examines the roles of business, individuals, and government in the market system. Course topics also include the supply and demand model, market structures, price elasticity and regulations.
This course is designed to examine the challenges and successes of corporate social responsibility. Focus is placed on exploring corporate social responsibility as the continuing commitment by business to contribute to economic development while improving the quality of life for the workforce, their families and society at large. Focus also includes the application of ethical concepts and principles to make thoughtful and responsible ethical decisions for a business.
This course introduces accounting concepts. Focus will be placed on recording financial transactions for the complete accounting cycle, inventory, and related ratio analysis.
This course expands on transactions related to assets and current liabilities. Focus will be placed on cash, receivables, capital assets, payables, basic payroll transactions, related ratio analysis and an introduction to various forms of businesses.
Prerequisites:
This course is designed to provide the knowledge of insurance principles and practice. Topics include the history of insurance and its current day function, roles, and risks. Other topics covered are the Canadian law and regulatory bodies impacting the insurance industry and fundamental processes such as determining rates, writing contracts, underwriting applications, reinsuring risk, and processing claims.
This course is designed to address the legal concepts, legislation, and policy wordings applicable to personal automobile coverage. Topics include the history and development of automobile insurance in Canada, as well as the shift from uniformity across the provinces to distinct differences based on provincially regulated plans. Focus is also placed on the provisions, definitions, and exclusions that apply to personal automobile coverages in the Atlantic Provinces.
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This course is designed to discuss the legal principles that apply to liability insurance, which provides specific protection against third party claims. Focus is placed on how people and businesses can become liable to each other within the Canadian civil law systems as well as outlines the differences between common law and the civil code of Quebec.
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This course is designed to provide knowledge and skills to evaluate and analyze the risks involved in insuring people and assets. Focus is placed on the underwriting process and the tools used to determine whether to accept, accept with conditions, or reject the risk.
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This course is designed to develop the knowledge and skills of a new insurance broker or agent. Focus is placed on identifying client’s needs, obtaining quotations for coverage, assisting clients with the insurance application process, and ensuring coverage is placed appropriately and accurately. Additional emphasis is on the broker and agent’s role in the claims process.
Prerequisites:
This course is designed to examine legislation and general principles that apply to all personal and commercial property insurance. Focus is placed on the elements that comprise habitational and commercial insurance contracts as well as the standardized forms that are used for these contracts.
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This course is designed to develop the knowledge and skill to handle claims after a loss has occurred. Topics include the methods, tools and techniques used to analyze the policy contract, investigation of the loss, and the evaluation, negotiation, and claim settlement processes. Additional focus is placed on the legal and corporate environment in which loss adjusters work.
Prerequisites:
This course is an introduction to basic concepts in Canadian law that pertain to business. It provides students with an overview of various acts and legislations that govern the marketplace. Topics include contract law, tort liability, employment legislation, intellectual property, and real property.
This course develops arithmetic and algebraic skills to solve mathematical problems related to business. Business calculations include gross earnings, commission, taxes, break-even analysis, cost-volume-profit analysis, trade and cash discounts, markups, markdowns, and simple interest.
This course is designed to develop skills in financial mathematics. The primary focus is calculating compound interest. Topics include loans, invested sums of money, annuities, amortization, mortgages, sinking funds, and bonds.
Prerequisites:
This course provides an overview of marketing functions from a Canadian marketplace perspective. Emphasis will be placed on understanding a socially responsible marketing environment, researching and understanding consumer and business buying behaviours, and defining the marketing target.
This course introduces marketing strategies and focuses on the elements of the marketing mix. Emphasis is placed on decision-making for tangible and intangible products, pricing, distribution, and marketing communication, to achieve marketing goals.
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This course introduces a systematic approach to the concepts and theories behind creating effective workplaces. Organizational behaviour (OB) explores how individual, group and organizational characteristics can influence an organization’s effectiveness, productivity, and its ability to accomplish goals. Understanding organizational behaviour concepts and theories helps contribute to successful organizations.
This course provides an introduction to the meaning of community service. Students learn how community service can enhance a student’s educational experience, personal growth, employability, and civic responsibility. Students participate in one day of volunteering to enhance their understanding of civic responsibility and to help the New Brunswick Community College realize its vision of transforming lives and communities.
This workshop introduces students to the process of finding employment. It explores the various strategies and resources available, and examines the role of social media.
This capstone course represents the culmination and integration of students’ fundamental business knowledge. The learner completes the key components of a small business plan. Learners demonstrate their ability to integrate their learnings from previous courses and apply it to an integrated project. This course concludes with a short, written report as well as a brief presentation of findings and recommendations.
This course is designed to examine facilitation, negotiation, and decision-making processes. Focus is placed on developing facilitation, decision-making and negotiation skills through applying tools, techniques, and approaches.
This course is designed to apply learning from the Business Administration program to an industry partner project. Working with faculty and an industry partner, learners are tasked with finding solutions to a business problem. Focus is placed on application of theory and best practices and using business tools, techniques, and strategies to gain a deeper understanding of the applicable Business Administration field. This course culminates with a final report and presentation of the project findings and recommendations.
This course introduces the fundamentals of computer applications and file management in a business environment. Focus will be placed on software features and functions for email, word processing and spreadsheets; scheduling, calendar management, and collaboration; and time and task management.
This course builds on the spreadsheet application skills acquired in Business Computer Applications I. Learners produce quality business workbooks designed for effective data management and analysis. The focus is on software processes, functions, and features to manipulate large data sets across multiple worksheets and workbooks.
Prerequisites:
This course is designed to examine the principles and techniques of professional sales and customer service. Focus is placed on quality customer service, successful sales strategies and activities, and developing relationships and customer loyalty.
A safe and healthy workplace is the responsibility of the employer and the employee. This course introduces students to the importance of working safely and addresses how employers and employees can control the hazards and risks associated with the workplace. Students will also learn about the roles and responsibilities of key stakeholders including WorkSafeNB, the employer and the employee in ensuring workplaces are safe.
This course introduces the principles and techniques used to analyze and interpret statistical data to help inform business decisions. Course topics include descriptive and inferential statistics concepts and applications. Also included is organizing, analyzing, interpreting, and presenting data both numerically and graphically.
Prerequisites:
10020 - Insurance, real estate and financial brokerage managers
12011 - Supervisors, finance and insurance office workers
12201 - Insurance adjusters and claims examiners
12202 - Insurance underwriters
12203 - Assessors, business valuators and appraisers
14201 - Banking, insurance and other financial clerks
63100 - Insurance agents and brokers
Institution: University of New Brunswick Saint John - Faculty of Business
Information: Bachelor of Applied Management Degree
51³Ô¹Ïapp graduates of any 2 year diploma program with a GPA of 70% or greater receive 2 years full credit toward this degree and will be eligible to enter year 3 of the 4 year Bachelor of Applied Management (BAM) program.
Disclaimer: This web copy provides guidance to prospective students, applicants, current students, faculty and staff. Although advice is readily available on request, the responsibility for program selection ultimately rests with the student. Programs, admission requirements and other related information is subject to change.