This program will be delivered entirely online for Fall 2020. Students should be prepared to attend some synchronous online sessions during regular school hours (Monday to Friday, 8:30am – 5:30pm PST). Student schedules will be available in late August 2020.
Forget what you think a career in insurance is like — today's insurance and risk management industry is a challenging and vibrant place that is crucial to almost every aspect of our modern world.
The two-year General Insurance and Risk management diploma program at BCIT gives you specialized training to investigate insurance claims, market and sell insurance products, manage risk in securities, banks, insurance underwriting, and more. This program has been developed by industry professionals specifically to prepare you for a successful, exciting career in your field.
Through out the program there will be many opportunities to interact with industry professionals with networking and industry events. Along with a 40 hour work placement which helps students get direct industry work experience.
In fact, our program boasts a 100% job placement rate and our students have gone on to work insuring a variety of clients such as construction, marine risks, commercial underwriting, personal lines underwriting, claims adjusting and risk management.
About the program
100% job placement within four months of graduating
40 hour work placement
Write your CIP national exams before graduating to be ready to work the day you graduate
Many opportunities to network with industry events and networking
First year students qualify to be level 1 licensed brokers upon passing the 2 CIP Courses
Graduating students qualify for a level 2 brokers license and independent adjusters license
Learn more about the benefits of this program with and in-depth look at Program Details.
Who should apply for the General Insurance and Risk Management Diploma?
A career in insurance and risk management might be right for you if:
You already have some work experience and/or a degree
You enjoy problem solving
You’re interested in a career with multiple opportunities and challenges
If you’re ready to train for new opportunities in insurance and risk management, visit the Program Entry page to apply today.
The following professional designations are available to General Insurance and Risk Management diploma students:
CRM - Canadian Risk Management
CIP - Chartered Insurance Professional
Your experience matters
If you already have related work experience or other training in insurance and risk management, you might qualify for course credits toward your diploma. Find out if you're eligible for advanced placement to speed up your education and entrance to your new career.
What grads can do
Graduates of the diploma in General Insurance and Risk Management program are prepared for engaging careers in a variety of fields. Currently, there are more jobs for qualified candidates than there are students because insurance deals with almost every aspect of our world.
Opportunities are available in a variety of areas including insurance and risk management for disaster preparation, marine, shipping, vehicles, natural resources (mining/forestry/oil), ski resorts, and more.
Learn more about specific jobs and organizations that are looking for insurance and risk management professionals at the Graduating and Jobs page.
Strong mathematic skills are required for success in BCIT Business diplomas. Students accepted into this program will be contacted starting in April regarding the completion of a math assessment test. If you score below a 67% on this assessment test, or feel that you would like to upgrade your math skills regardless, you should complete OPMT 0199 or OPMT 0023.
Do you have credits from another post-secondary school?
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
To submit your application:
Include proof of meeting all entrance requirements.
Convert all transcripts and supporting documents to PDF files.
Have a credit card ready to pay the application fee.
PLAR for RMGT courses will be available on a case by case basis.
Within two business days of submitting your completed application, BCIT will send a message to your personal and myBCIT e-mail addresses. All correspondence regarding your application will be posted to your online myCommunication account at my.bcit.ca. We'll send you an e-mail when a new message is posted. It's important to watch for these e-mails or regularly check your account online.
You can expect to receive communication concerning the status of your application within four weeks.
You may be eligible to apply to an advanced level of the program through either re-admission or direct entry. Please note that applications are considered based on:
Complete applications: you must show proof that you have completed (or are registered in) all requirements to be considered.
Competitive entry: if the number of applicants exceeds available seats, BCIT will accept those deemed to have the best opportunity for success.
Seat availability: confirmation may not be available until approximately one week before the term begins.
If you have previously completed part of this program at BCIT and wish to re-enter the program at an advanced level, you can apply for re-admission.
If you are new to the program but have completed an equivalent part of it at BCIT or elsewhere and want to apply to an advanced level, you can apply for direct entry.
BCIT accepts complete applications starting:
February 1st* for level 2 (January start)
October 1st* for level 3 (September start)
*or next business day
There are 4 options for direct entry. If you are applying through options 1, 2, or 3, you must submit an online application. Option 4 applicants, submit your application for transfer directly to BCIT Admissions.
Option 1: If you do not have a diploma or degree
Applications to level 2 or 3.
Submit the following with your online application:
FMGT 3210 or FMGT 7221 or both of FMGT 1152 and FMGT 3224
Principles and Practice of Insurance
RMGT 2110 (60%) or
C11 (IIBC course)
Insurance Broker and Agent Roles
RMGT 3110 (60%) or
C130 (IIBC course)
*Note: For accredited Canadian or US credentials, if you have achieved a bachelor’s degree the COMM 1100 and 2200 courses may be waived. If you have an associate degree or a diploma, COMM 1103 (or 1106) and COMM 2202 (or 2002) may be waived. Note that COMM 2203 (or 2003) will still be required.
If you are a mature applicant, you may be eligible to complete an Advanced Placement and Prior Learning (APPL) assessment to qualify for direct entry to an advanced level of the program. Visit the SITE Centre to find out if you are eligible, and to learn more about the assessment process and associated fees.
Submit the following with your online application:
Completed Course-by-Course Self-Assessment form for your current program (found on your current program’s Advanced Placement page)
$16 program change fee
Do not apply online.
Direct entry FAQs
When should I apply?
It is recommended that you apply when you have met all of the entrance requirements. If you are currently registered in a course, please indicate this on the self-assessment form.
When will I be accepted?
Once your application has been assessed and has been approved for direct entry, a seat must become available in the program you have selected. The Admissions department must wait until the current students obtain their final grades in either December or May to determine how many seats will become available for direct entry applicants.
Can I take courses in advance to reduce my course load?
In order to maintain a competitive application, it is recommended that you take no more than two courses per term ahead of time. A maximum of two courses per level are eligible for credit. Note that this will not reduce your full-time program tuition.
When will I get my timetable?
Print your timetable one day prior to class start by logging into my.bcit.ca and going to Student Self-Service. You must be registered in your courses in order to access this feature. If you know the set to which you have been assigned, you can also find your timetable at timetables.bcitbusiness.ca.
When can I buy my books?
It is recommended that you wait until the first week of classes before buying textbooks. Your instructors will tell you which books to buy.
Students should be aware that course exemptions can be claimed for a maximum of two courses per level.
0830–1730, Monday through Friday
The program is offered via in-class delivery only and on a full-time basis. All courses will be offered Monday to Friday daytime.
Level 1 (15 weeks)
Business Information Systems
Computers and information technology are the foundation of business today. This course provides an understanding of computer terminology, operating systems, and the most popular office software used in business. Students learn to use spreadsheets (e.g. Microsoft Excel, Google Spreadsheets), word processing applications (e.g. Microsoft Word, Google Documents), and presentation and graphics programs (e.g. Microsoft PowerPoint, Google Presentations, Keynote). Students also get an introduction to cloud computing and enterprise collaboration tools. The course also provides an overview of social media, Web-based collaboration, and publishing and productivity tools (e.g. WordPress, LinkedIn, Twitter, YouTube).
COMM 1100 is designed to give students basic listening, writing and speaking skills that will allow them to prepare written and oral reports for BCIT courses and to proceed to more advanced communication courses.
This course investigates economic analysis, focusing on fundamentals of markets, supply and demand, consumer and producer behaviour, and monopoly and competition. Optional areas of business application may explore labour markets, government intervention and environmental regulation. Prepares students to identify and evaluate the economic considerations they will undoubtedly encounter in business.
Marketing 1102 is an introduction to the fundamentals of marketing. In addition to the "four Ps" of marketing—product, price, place, and promotion—students will be introduced to how marketers create customer-driven marketing strategies based on their research and understanding of the marketing environment and customers. Students will plan a strategy for and compete in an online marketing simulation. After the simulation, students will evaluate their performance and deliver a marketing plan for their simulation company, which will be assessed on students' application of marketing terminology and processes and in the professionalism of their work. Additionally, students will complete assignments, quizzes, and exams.
Reviews basic mathematics applicable to business and industry. Topics include consumer and commercial credit, simple and compound interest, financial instruments and discounting, annuities, mortgages, loans, sinking funds, leases, depreciation methods, capitalized costs, cash flow analysis, NPV and IRR. Emphasis is on maximum use of pre-programmed calculator and practical applications from the field of Financial Management. Prerequisites: Algebraic skills to at least the Grade 11 level with a minimum 68% final mark. Students who do not have these skills should consider taking OPMT 0199 Math for Business or OPMT 0198 Business Math Assessment Test. Alternatively, students can take OPMT1199 Business Math and Algebra which includes review of algebra and tutorials. This course is designed to support understanding and development of basic skills and is equivalent to OPMT1110 and OPMT0199 combined.
Presents the study of factors that either influence or are influenced by people at work. The course will focus on macro factors such as organizational structure, technology and environment; group factors such as group dynamics, leadership, conflict, change and decision making; and micro or individual factors such as personality, attitudes, perception and motivation.
This course provides a foundation of knowledge of risk management and the insurance industry. No prior experience or knowledge of insurance is required as this course covers the general principles that underlie the operation of insurance. Students are introduced to the concept of risk and shown how insurance deals with it. Students will study the basic concepts and language of insurance; the legal context of insurance; and the participants in the industry and their relationships to each other. Although specific types of insurance are not covered, the principles students learn underlie the situations encountered in the industry and every policy and course students will study throughout the program.
* 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)
Business Data Analytics*
Every enterprise requires business analytics and decision support systems (DSS) in order to develop a competitive advantage. This course uses MS Excel, the foundational data analysis tool, to build on the skills and concepts covered in introductory computer application courses. This course covers advanced Excel formulae, concepts, and applications using larger and more professional worksheets and focusses on the data modeling approach using Excel vs. the calculator approach. Topics include if-then modeling, built-in functions, charting, transferring data across applications, and using the built-in tools such as PivotTables, Sparklines, Slicers, PowerPivots, and macros. Prerequisites: BSYS 1000 or BSYS 1005
In an information-based society, understanding data management is vital. The backbone of the Internet, Cloud Computing, and Business Intelligence, relational database management systems and data management provide the key to utilizing business information to create a competitive advantage. This course provides an introduction to relational database management systems, data modeling, and artificial intelligence. The student will use a relational database management system to create data models and build data applications. An introduction to Artificial Intelligence, Machine Learning, and Deep Learning tools and models will also be included. Prerequisites: BSYS 1000 or BSYS 1005
A study of the basic concepts of the management process: planning, organizing, staffing, leading and controlling. Integrated with the concurrent first-term courses and using the case-study method, it creates opportunities for the students to develop analytical, problem-solving, teamwork and communications skills, by analysing and presenting solutions to typical business problems. Topics covered include: structuring organizations, decision making and an introduction to production, human resources, controlling and strategic and tactical planning.
This course provides further instruction and practice in the principles taught in COMM 1100. It concentrates on more sophisticated forms of written communication: the job application package, indirect correspondence, and reports. The course might also include modules on graphics, questionnaires, telephone techniques, and organizing and running meetings. Prerequisites: COMM 1100
Presents a challenging overview of the workings of an economy. Stresses measurement and determination of national economic activity, the role of monetary and fiscal policy, and the understanding of inflation, unemployment and growth in an international environment. Prepares students to weigh political and economic issues as they relate to their business ventures.
This course focuses on the context of accounting and the use of accounting information for decision making, planning, and control. It will examine how managers can utilize the tools of economics, forecasting, accounting/finance, and decision theory to aid in these critical decisions. The course will consider how differences and changes in the internal operating conditions and in the external political-economic environment can affect a manager's resource allocation decisions. Topics include incremental analysis, short- and long-run decision-making and financial analysis.
Includes descriptive statistics, including numerical and graphical presentation of data, measures of central tendency, dispersion and elementary probabilities. Introduction to several discrete and continuous probability distributions . Introduction to inferential statistics through selected topics such as sampling, confidence limits of the mean, hypotheses testing, simple linear regression and the chi-squared test for independence.
Introduces the fundamentals of project management. Includes the unique characteristics of projects and fundamentals of project planning using techniques such as WBS, Gantt charts, CPM, dealing with people and team issues, maintenance and control of projects using check points and milestones, communication, and common sources of difficulty in project management.
This is a skills-based course providing an overview of the insurance business from a broker's perspective, concentrating on the needs of personal lines clients and small commercial risks. The course begins by introducing the broker as an insurance intermediary, and then follows the progress of a risk from the initial broker-client contact, through the evaluation and application process, to the binding of insurance and issuing of a policy. Major insurance product lines and common policy transactions handled by a broker are also covered.
Presents a practical study of Canadian business law, including the legal and administrative systems, torts, contracts, sale of goods and consumer protection, secured transactions, employment, agency and business organizations. Participation in this course, taught by lawyers, prepares you to recognize and feel comfortable with the legal aspects of doing business.
This course is designed to convey the nature and function of capital markets, the important features of the securities which trade in these markets and the factors which contribute to the value of securities. A discussion of derivative instruments and mutual funds will be included. Prerequisites: FMGT 1100 or FMGT 1105 or FMGT 1152
This course lays the foundation for all types of property insurance, and then discusses the perils, clauses, and limitations in the most common personal lines policies. Coverage begins with the Basic Fire Policy. Then students learn how other policies developed, with unique perils, clauses, and limitations, to suit changing needs. Prerequisites: RMGT 2110
This is a detailed study of automobile insurance in Canada. It deals with legislation related to automobile insurance and policies and/or regulations, concentrating mostly on personal coverages. It gives students an overall view of the different provincial approaches to automobile insurance and some of the problems related to it. Students will deal in detail with owners' policies or coverages specific to BC. Prerequisites: RMGT 2110
This course focuses on applying the marketing concepts from the introductory marketing course. Marketing strategy will be discussed as an essential requirement for business success. It emphasizes the development of personal selling skills and customer relationships. Prerequisites: MKTG 1102
This course introduces risk management in a Canadian insurance environment. Focuses on the first two steps of the risk management decision making process: (1) identifying and analyzing the loss exposures and (2) developing alternative techniques for treating each exposure. Topics include the risk management concept; objectives and techniques; risk management in an organization and its effect on profits; risk identification and analysis; property, income and liability risks – traditional, industrial, consumer, environmental; personnel loss and probability risks; risk management decision-making; and capital budgeting methods.
This course, building on the foundation of RGMT 3110, addresses the more complex insurance needs of commercial clients through the risk management principles of exposure identification, risk analysis, identifying risk management options, and implementing a risk management plan; followed by the study of various terms, conditions, and clauses in commonly used wordings. Students analyze three categories of commercial clients - manufacturers and distributors, contractors, and builders' risks - using a case study process. The course also addresses the broker's continuing task of monitoring and modifying a risk management plan including monitoring the progress and insurance needs of commercial clients once an initial policy has been placed. Prerequisites: RMGT 3110
To understand liability insurance, students must first know something of the law and the Canadian legal system; and the differences between Common Law and the Civil Code of Québec. This is not a law course, but it does introduce students to those legal principles that affect liability insurance. It discusses some of the more common ways corporations and people become liable to others and explains how this liability may be insured or why it cannot be insured. Prerequisites: RMGT 2110
Focused knowledge of insurance and professional conduct within the claims domain forms the core of this course. Soft skills and knowledge required to handle claims are blended in the curriculum in order to improve fundamental claims handling techniques. Students will learn how to manage relationships in order to gather critical information in the claims handling process. A step-by-step process delivers the key to policy analysis for coverage evaluations. Students will also learn the fundamentals of investigation, evaluation, negotiation and settlement within the claims process. Prerequisites: RMGT 3110
This course provides the student with the selling and communications skills essential to success in a financial profession. The course covers the marketing of financial products and services and, in addition, it will introduce the student to the institutional environment in which many financial professionals operate. Prerequisites: RMGT 3535
This course will develop essential skills for an entry level underwriter. Topic coverage begins with an overview of the underwriter's role as an investor of shareholder capital on behalf of the insurer. Students will learn how that role has evolved and how the underwriter accepts or rejects risk for the insurer within the parameters set by the insurer and imposed by the external environment. Students will consider the types of detailed knowledge, the "hard" and "soft" skills, and the temperament an underwriter needs to succeed. Students will see these characteristics applied in the analysis of individual property, liability, and automobile risks. Prerequisites: RMGT 3110
This course concentrates on selecting appropriate risk control techniques in the Canadian Risk environment, details how to implement the chosen techniques and options for monitoring the results for effective control and coordination of the organizations’ total risk management effort. Prerequisites: RMGT 3710
The final course in the series provides details on the selection, implementation and monitoring of risk financing techniques. Subjects include insurance as a risk financing technique; financing property; risk retention including use of captives; risk cost allocation; finite and integrated risk plans and capital market products for risk financing. Prerequisites: RMGT 3710
In this course students will integrate what they have learned in prior courses on the various functional areas of managing a brokerage. Topics include Strategic Leadership, Financial Management, Human Resources, Inside the Brokerage, Sales and Service, Marketing Strategies, Strategic Communication, and Growth, Valuation and Perpetuation. Prerequisites: RMGT 3110 and RMGT 3535
The required 40 hour work period is designed to be unpaid - either temporary or permanent, in which students spend time in a job shadow role that is directly related to the core competencies of their chosen insurance field. Positions must clearly allow observation, at a professional level, of the core competencies of the CIP and / or CRM programs, and it is expected that such positions will involve regularly-scheduled attendance hours. The intent of the job shadow course is to provide experiential learning for the purpose of complementing and supplementing the various theories and topics covered throughout the course of studies in both general insurance and risk management. The student will observe application of learned skills, knowledge, and ability in a general insurance or risk management setting. A final work-period report will be submitted by the student and a performance questionnaire will be submitted by the sponsor / employer. Performance during the work period will be graded as satisfactory (S) or unsatisfactory (U), according to BCIT Policy 5004 (Student Regulations Policy). Prerequisite: Completion of all required courses in the General Insurance and Risk Management program or by approval of the program head / associate dean.
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.
You’ll engage in thoughtful, challenging work in the small, specialized classes in BCIT’s General Insurance and Risk Management diploma program. With focused attention on getting you ready for a successful career, this program offers you key business skills for the general workplace as well as training particular to insurance and risk management. Your studies here include a 40-hour field placement as well as lectures by industry professionals and opportunities for travel to industry events to fully prepare you for a successful career in insurance and risk management.
The following companies have donated funds to support the General Insurance and Risk Management program:
Two years, full-time
Minimum passing grade for each course is 50% except for RMGT 4991 where students must achieve Satisfactory.
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.
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.
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
There are currently more job opportunities in insurance and risk management than there are qualified applicants. With insurance as a key aspect in nearly every industry, insuring everything from home properties to natural resources and almost every business, BCIT graduates have both the availability of many jobs as well as the necessary skills to get and succeed in them.
Career opportunities in insurance:
Insurance Sales Representative
Insurance Agent or Broker
Career opportunities in risk management:
Canadian Risk Management (CRM) - For the CRM designation, students are prepared to write the three GRMI Global Risk Management Institute national exams. Furthermore, our Risk Management program students even help BCIT rank top 8 in the world among case competitions
Chartered Insurance Professional Designation (CIP) - During the program you will have completed 8 out 10 CIP courses which lessens the costs in the long run and allow you to become a Chartered Insurance Professional faster. Often time’s employers will pay for the completion of the remaining courses.
Graduate employment outcomes
The BCIT student outcomes reports present summary findings from the annual survey of former students administered by
BC Stats one to two years after graduation. These reports combine the last three years of available results for the
2017-2019 BCIT Outcomes Surveys of 2016-2018 graduates and for Degree 2015-2017 graduates. The reports are organized
into three-page summaries containing information on graduates' labour market experiences and opinions regarding their
education. More detailed information can be accessed at the
BC Student Outcomes website.
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.
Faculty, Advisors & Staff
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
There were two things I considered when I was choosing a program from BCIT: a guaranteed stable career and minimum years of studying. The General Insurance and Risk Management program was the best possible choice I could have ever made and it opened up whole new opportunities and career choices for me in the insurance industry. Your bottom line after finishing this program is a full-time stable career and you will never regret it.
Lena Kim, Casualty Examiner, Aviva Insurance
This program equipped me with the necessary skill set to enter a challenging and dynamic industry. There is a notable emphasis throughout the program on job placement, not only connecting the students to employers, but ensuring they have what it takes to develop and succeed in their chosen roles. The instructors are industry leaders, bringing a wealth of practical knowledge that I have personally found very helpful on a daily basis as I start my own career in insurance.
Hamish Love, Commercial Underwriter, Sovereign General Insurance
I enrolled in the BCIT General Insurance and Risk Management program six years ago and have not looked back since. The material is relevant and the industry knows and appreciates it. The instructors are experts in their respective fields and are supportive. Upon graduating, I got my desired position as a commercial agent. Currently I have my dream job as an Association Relations Representative for Western Canada.