Program Overview

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Business Administration - Insurance and Risk Management Major

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

• Satisfactory results on the Bow Valley College Admission and Placement Test

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.

English Language Proficiency Requirements

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

Academic Upgrading

Enhance your previous education to meet the missing admissions requirements for one of the BVC programs.

Available Intakes

• September 2025: Domestic and International
• January 2026: Domestic and International
• March 2026: International only

Tuition and Fees

Domestic Students

Term	Tuition Fees	Additional Fees	Total Fees
Term 1	$3,165	$605	$3,770
Term 2	$3,165	$605	$3,770
Term 3	$3,102	$605	$3,707
Term 4	$3,060	$605	$3,665

International Students

Term	Tuition Fees	Additional Fees	Total Fees
Term 1	$8,128	$605	$8,733
Term 2	$8,207	$605	$8,812
Term 3	$8,380	$605	$8,985
Term 4	$8,380	$605	$8,985

Courses

Term 1

Code	Course	Credit	PDF
ACCT1103	Introduction to Financial Accounting	3	picturepdf
MGMT1101	Introduction to Management	3	picturepdf
MGMT1401	Microeconomics	3	picturepdf
MKTG1101	Introduction to Marketing	3	picturepdf

Earn a minimum grade of B- in each of the following courses:

Code	Course	Credit	PDF
MGMT1201	Business Communication	3	picturepdf

Term 2

Code	Course	Credit	PDF
HRES1101	Organizational Behaviour	3	picturepdf
HRES2201	Introduction to Human Resources	3	picturepdf
MGMT1102	Introduction to Organizations and Sustainability	3	picturepdf
MGMT1601	Business Law	3	picturepdf
MGMT2401	Macroeconomics	3	picturepdf

Term 3

Code	Course	Credit	PDF
FNSR2101	Introduction to Insurance and Risk Management	3	picturepdf
FNSR2103	Insurance Against Liability	3	picturepdf
FNSR2104	Automobile Insurance	3	picturepdf
MKTG2203	Selling and the Customer Experience	3	picturepdf
MGMT2998	Business Strategy	3	picturepdf

Term 4

Code	Course	Credit	PDF
FNSR2102	Insurance on Property	3	picturepdf

Earn at least 9 credits from the following courses:

Code	Course	Credit	PDF
FNSR2105	Essentials of Loss Adjusting	3	picturepdf
FNSR2106	Underwriting Essentials	3	picturepdf
FNSR2107	Essential Skills for Insurance Broker & Agent	3	picturepdf
FNSR2401	Risk Management Principles and Practice	3	picturepdf
FNSR2402	Risk Assessment and Treatment	3	picturepdf
FNSR2403	Risk Financing	3	picturepdf
HRES2303	Occupational Health and Safety	3	picturepdf

Earn at least 3 credits from the following courses:

Code	Course	Credit	PDF
FNSR2999	Insurance and Risk Field Placement	3	picturepdf
FNSR2998	Insurance and Risk Capstone	3	picturepdf