Business Administration - Insurance and Risk Management Major

Be a part of a dynamic industry. A career in insurance and risk management offers flexibility with client interaction, teamwork, networking, and professional growth.

Credential:

Diploma

Program length

4 Terms

Area:

Business

School:

Chiu School of Business

Post-Graduation Work Permit:

Yes

No

About

The Insurance and Risk Management major focuses on a structured approach to managing uncertainty due to threats that may emerge from the environment, technology, humans, organizations, or politics. Graduates gain the knowledge and skills to reduce these defined risks and to manage the uncertainty to an acceptable level.

Time Commitment

This is a two-year (four term) diploma program. A standard course load is 5 courses per term. Students can maintain full time status with at least three courses. Taking less than 5 courses per term will take longer to complete the program.

Learning Options

The Business Administration diploma program consists of core business courses and major specific courses. Core courses are available both in class and online. All major courses are available in class with only some courses available online.  

Chartered Insurance Professional (CIP) Designation

Students who write the Insurance Institute of Canada final examinations in applicable courses and, if successful, can receive recognition for up to 7 of the 10 courses required for the CIP designation. This professional benchmark positions students for roles in multiple disciplines.

CRM Designation

Attain the Canadian Risk Management (CRM) designation that demonstrates a level of professional commitment, knowledge, and skills that employers in both public and private sectors recognize. The CRM designation is a widely recognized qualification that provides risk managers a foundation of knowledge and skills needed to identify, assess, monitor, and limit risks.

Admission requirements

  • Credit in English Language Arts 30-1 or minimum 65% in English Language Arts 30-2 or equivalent
  • Credit in Math 30-1 or Math 30-2 or equivalent

or

Successful completion of the General Educational Development (GED) test that consists of five tests with a minimum score in the following sections:

  • Language Arts: Reading and Writing: 520 minimum standard score
  • Math Test: 520 minimum score

or

or

  • Completion of 30 credits from a recognized business program (departmental approval required)

Transferability

Transfer opportunities are available to a variety of institutions. Transfer credits are reviewed and accepted on an individual basis by the institution to which you apply.

You need one of the following options:

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English Language Proficiency Requirements

For applicants whose first language is not English, please review English language proficiency requirements.

Academic upgrading

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Available intakes

Starts in
Domestic
International

September 2, 2025

January 7, 2026

Tuition and fees

Term
Tuitions fees
Additional fees*
Total  fees*
Term 1
$3,165
$356
$3,521
Term 2
$3,165
$356
$3,521
Term 3
$3,775
$356
$4,131
Term 4
$3,165
$356
$3,521
Term
Additional fees*
Tuitions fees
Total fees
Term 1
$356
$8,065
$8,421
Term 2
$356
$8,104
$8,460
Term 3
$356
$8,125
$8,481
Term 4
$356
$8,125
$8,481
*Per term: Student Service Fee
To register in a course in Open Studies:

Courses

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Zero Textbook Cost

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Course is eligible for PLAR
CodeCourseCreditPDF
ACCT1103Introduction to Financial Accounting

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3

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MGMT1101Introduction to Management

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3

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MGMT1401Microeconomics

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3

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MKTG1101Introduction to Marketing

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3

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Earn at least 3 credits from the following courses:

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MGMT1201Business Communication

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3

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HRES1101Organizational Behaviour

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3

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HRES2201Introduction to Human Resources

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3

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MGMT1102Introduction to Organizations and Sustainability

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3

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MGMT1601Business Law

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3

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MGMT2401Macroeconomics

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3

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CodeCourseCreditPDF
FNSR2101Introduction to Insurance and Risk Management 3

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FNSR2103Insurance Against Liability 3

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FNSR2104Automobile Insurance 3

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MKTG2203Selling and the Customer Experience

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3

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MGMT2998Business Strategy

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3

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CodeCourseCreditPDF
FNSR2102Insurance on Property 3

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Earn at least 3 credits from the following courses:

CodeCourseCreditPDF
FNSR2105Essentials of Loss Adjusting 3

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FNSR2106Underwriting Essentials

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3

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FNSR2107Essential Skills for Insurance Broker & Agent 3

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FNSR2401Risk Management Principles and Practice

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3

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FNSR2402Risk Assessment and Treatment 3

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FNSR2403Risk Financing

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3

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HRES2303Occupational Health and Safety

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3

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Earn at least 3 credits from the following courses:

CodeCourseCreditPDF
FNSR2999Insurance and Risk Field Placement 3

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FNSR2998Insurance and Risk Capstone 3

Business Administration - Insurance and Risk Management Major

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