Full-time Diploma of Technology 5880diplt

BCIT General Insurance and Risk Management

The BCIT General Insurance and Risk Management diploma program works closely with the insurance industry to prepare a new generation of insurance professionals. You will manage a virtual stock portfolio, create mock insurance policies, and become familiar with automobile, property, personal, and general liability insurance coverage issues. Graduates can work in various roles at financial institutions, investment banks, and insurance corporations.

BCIT General Insurance and Risk Management students learn to:
  • Identify potential risks and create mitigation strategies
  • Investigate, evaluate, and settle insurance claims
  • Market and sell a variety of insurance products
  • Manage risk in securities, bank, and insurance underwriting
  • Interpret and explain insurance terms, conditions, and clauses
BCIT GENERAL INSURANCE & RISK MANAGEMENT DIPLOMA
BCIT Credential: BCIT Diploma of Technology
Program Length: 2 years, Full-time
Program Start: September
Number of Courses: 32 courses, 123 credits
Total Tuition/Cost: Learn about Tuition & Fees
Industry Exams: 8 Insurance Institute National Exams
1st Year Entry: View Requirements
Advanced Placement: View Requirements
Laddering Options: Bachelor of Business Administration BBA

Professional Designations

Graduates of the General Insurance and Risk Management diploma program can pursue additional career building opportunities. Graduates are eligible to enter the following professional designation programs:

Insurance Jobs & Careers

Graduates of the General Insurance and Risk Management diploma program have specialized insurance training to meet the high demands of the insurance industry.

Entry-Level Positions:
  • Insurance Broker
  • Risk Management Analyst
  • Junior Underwriter
  • Insurance Claims Examiner

Mid-Level Positions:
  • Manager, Risk Management
  • Insurance Product Manager
  • Commercial Underwriter
  • Insurance Claims Manager

Program Entry

Entrance requirements

Check for acceptable equivalents or upgrading courses taught at BCIT.

It is strongly recommended that you assess your fundamental mathematical skills. The Mathematics Self-Diagnostic Test below is voluntary. If you find these problems difficult, we strongly recommend that you attend OPMT 0199. You should be able to do this exercise in about an hour, after which you should compare your answers with the correct ones supplied. If you scored less than 20 out of 26 correct, you should seriously consider upgrading your mathematical skills.

Note: The following full-time business programs are accepting applications from students with a (C) in Math 11:

Advanced Placement

Entry into the middle of the first year or the start of the second year may be possible. View the Advanced Placement section for details.

Transfer credit

Transfer credit may be granted for courses completed at BCIT or another post-secondary institution where the learning outcomes duplicate those of the BCIT course. As per Admission Procedure 5003-PR1, the department reserves the right to determine the granting of credit where appropriate.

Applications will be accepted up to day 14 of the term; an official transcript and a course outline where appropriate must be provided (or be on file with BCIT) to process the request. A maximum of two courses per level are eligible for credit through this process.

Apply to program

Submit an application: online or by mail [PDF].

You can check the status of your application online at any time using the Student Information System.

Scheduled intakes

September each year.

PLAR

PLAR for RMGT courses will be available on a case by case basis.

Application processing

October 1* of the previous year until the program fills.

Applications are considered for a specific intake.

*Or next business day

myCommunication

Within 2 to 3 weeks of applying to a program, you will be sent a letter in the mail confirming receipt of your application. The letter will identify your student number, BCIT e-mail address and instructions on how to login to your myBCIT account.

All official BCIT correspondence will be sent to your myBCIT account. Check myCommunication often during the application process and throughout your studies at BCIT.

You can expect to receive communication concerning the status of your application within 2 to 8 weeks.

Costs & Supplies

Tuition fees

Please see the Fees, Payments and Refunds section of the website for more information on full-time tuition fees.

Books and supplies

Level 1: $707; Level 2: $613; Level 3: $864; Level 4: $947
(General estimated cost, and subject to change)

Students will write five Insurance Institute of Canada (IIC) exams at a cost of $135.00 each (paid to IIC) as follows:

  • Level 2: 1 exam
  • Level 3: 3 exams
  • Level 4: 1 exam

Financial assistance

Financial assistance may be available for this program. For more information, please contact Student Financial Aid and Awards.

Courses

Class hours

0830–1730, Monday through Friday

Program delivery

The program is offered via in-class delivery only and on a full-time basis. All courses will be offered Monday to Friday daytime.

Program matrix

Level 1 (15 weeks) Credits
  BSYS 1000 Business Information Systems 1 3.0
  COMM 1100 Business Communication 1 3.0
  ECON 2100 Microeconomics 3.0
  FMGT 1105 Accounting 1 for Financial Management 5.0
  MKTG 1102 Essentials of Marketing 3.0
  OPMT 1110 Business Mathematics* 4.0
  ORGB 1100 Organizational Behaviour 3.0

Students must achieve FMGT 1105 (50%) or FMGT 1100 (60%) in order to take FMGT 2105.

* Note: During the first week of OPMT 1110 Business Mathematics, an assessment test will be administered to all students. Based on the outcome, students may be required to attend a weekly Business Math Success Workshop.

 
Level 2 (20 weeks) Credits
  BSYS 2050 Business Information Systems 2* 2.0
  BSYS 2060 Business Information Systems 3* 2.0
  BUSA 2100 Principles of Management* 2.0
  COMM 2200 Business Communication 2 4.0
  ECON 2200 Macroeconomics 4.0
  FMGT 2105 Accounting 2 for Financial Management 5.5
  OPMT 1130 Business Statistics 5.5
  OPMT 1170 Project Management* 2.5
  RMGT 2110 Principles and Practice of Insurance 5.5
* denotes a half-term course
 
Level 3 Credits
  BLAW 3100 Business Law 4.0
  FMGT 3620 Security Essentials 3.0
  RMGT 3110 Insurance Broker and Agent Roles 4.0
  RMGT 3210 Property Insurance 4.0
  RMGT 3310 Automobile Insurance 4.0
  RMGT 3535 Marketing for Insurance and Risk Management 4.0
  RMGT 3710 Risk Assessment 4.0
 
Level 4 Credits
  RMGT 3411 Liability Insurance* 5.5
  RMGT 4110 Advanced Broker and Agent Skills 5.5
  RMGT 4510 Loss Adjusting 5.5
  RMGT 4535 Sales for Insurance Professionals* 2.5
  RMGT 4610 Principles of Underwriting 5.5
  RMGT 4720 Risk Control* 4.0
  RMGT 4730 Risk Financing* 4.0
  RMGT 4910 Business Strategy 4.0
* denotes a half-term course
 
Total Credits: 120.5

Transfer credit

Do you have credits from another BC/Yukon post-secondary school? Do you want to know if they transfer to courses here at BCIT? Check out BCIT's Transfer Equivalency Database to find out.

Program Details

Program length

Two years, full-time

Grading

Minimum passing grade for each course is 50%. Insurance and Risk Management students need to achieve a grade of 65 per cent or better in FMGT 1105 or, a grade of 70 per cent or better in FMGT 1100 to continue into FMGT 2105.

A passing grade in the IIC exam must be achieved in order to pass the following courses: RMGT 2110, RMGT 3110, RMGT 3210, RMGT 3310, RMGT 3410, RMGT 4110, RMGT 4510, and RMGT 4610.

Accreditation

Students in the Insurance and Risk Management program will take eight courses based on courses offered by the Insurance Institute of Canada (IIC). Students will write five of the IIC exams during the BCIT program and may be granted advanced standing towards the Chartered Insurance Professional (CIP) designation. Graduates can then take 3 more IIC exams shortly after graduation to gain more credits towards the CIP designation. To achieve the CIP designation, two more courses available only through the IIC must be completed.

Program location

Burnaby Campus
3700 Willingdon Avenue
Burnaby, BC

Continue your education

Qualified graduates may apply for acceptance into BCIT's existing Bachelor of Business Administration (BBA) degree program. The program will ladder into the BBA program which is offered as a full-time degree in the day, or part time in the evenings.

Graduating & Jobs

Job Opportunities

The General Insurance and Risk Management program will prepare candidates for a variety of careers in the general insurance industry including:

  • insurance sales representatives
  • insurance agents
  • insurance brokers
  • insurance adjusters
  • claims examiners
  • underwriting service representatives
  • property underwriters
  • marine underwriters
  • insurance underwriters
  • commercial underwriters

Professional associations

The Insurance Institute of Canada (IIC) is the professional education arm of the country's general insurance industry. It is a not-for-profit association of individual members employed in the general insurance business with insurance and reinsurance companies, brokerages, agencies, adjusting firms, and employers of risk managers.

The Chartered Insurance Professional (CIP) Program is the property/casualty insurance industry's professional education program and for many years, the designation has been highly valued and respected within both the national and international insurance communities. The program equips candidates with technical expertise and successful graduates have found the designation to be essential to advancing their careers.

The Insurance Brokers Association of British Columbia represents the interests of over 760 member offices in BC offering professional education and other services to their members.

The Insurance Council of British Columbia regulates the general insurance industry in BC. As well they issue the different levels of licenses to allow licensee's to conduct general insurance business.

Advanced Placement

Do you have a degree, diploma, or completed a substantial amount of post-secondary courses? You may qualify for advanced placement into the General Insurance and Risk Management program. Students that qualify for advanced placement can enter the program in the middle of first year or the beginning of the second year depending on the number of transfer credits received.

Acceptance into advanced placement is dependent on a number of factors including: seat availability, course transfer credits, and the number of applications received. Most applicants are required to complete additional course work before entering their desired program. Early application is strongly recommended.

Entry into the middle of Year 1 (January) – Application process opens on February 1st
Entry into the start of Year 2 (September) – Application process opens on October 1st

For more information about eligibility requirements and the application process, please download the General Insurance and Risk Management Advanced Placement Guide [PDF].

Faculty, Advisors & Staff

Advisory committee

  • Mr. J. Ball, President, Reliance Insurance Agencies
  • Ms. D. Bolduc, Manager, Insurance Institute of BC
  • Mr. J. Preston, Regional VP, ING Insurance Co.
  • Mr. D. Laird, Regional Manager, Aviva Insurance Co.
  • Ms. P. Kernaghan, President & CEO, Kernaghan Adjusters
  • Ms. T. Johnson, VP & GM, Gore Mutual Insurance Co.
  • Mr. S. Bath, Senior Manager, Business Intelligence and Customer Research, ICBC
  • Mr. B. Wills, VP Marketing, Axa Pacific
  • Mr. J. Goring, Manager, Technology Practice, Aon Reed Stenhouse Inc

Contact Us

Shaun Sinclair,
Program Head,
604-451-6761

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