Bachelor of Science in Psychology and Neuroscience
Wilfrid Laurier University (WLU) offers a comprehensive Bachelor of Science program in ...
Bachelor of Business Administration - Insurance and Risk Management (Co-op)
Waterloo
INTAKE: September
Program Overview
Wilfrid Laurier University offers a comprehensive Bachelor of Business Administration (BBA) program with a specialization in Insurance and Risk Management. This program is designed to provide students with a solid foundation in business principles while focusing on the specialized skills and knowledge needed for careers in the insurance and risk management industry. Through a combination of coursework, experiential learning opportunities, and industry engagement, students gain practical skills, critical thinking abilities, and a global perspective to succeed in the dynamic field of insurance and risk management.
Curriculum: The curriculum of the Bachelor of Business Administration - Insurance and Risk Management program at Wilfrid Laurier University covers a wide range of topics related to business, insurance, and risk management. Core courses in business fundamentals provide students with a strong understanding of accounting, finance, marketing, operations, and strategic management. Specialized courses delve into topics such as insurance principles, risk assessment, underwriting, claims management, and insurance law.Students also have the opportunity to participate in co-operative education (co-op) terms, allowing them to gain valuable work experience in the insurance industry while earning academic credit. The co-op component provides students with real-world exposure to industry practices, builds professional networks, and enhances their employability upon graduation.
Research Focus: Wilfrid Laurier University emphasizes research excellence across various disciplines, including business and economics. Faculty members within the School of Business and Economics conduct research in areas relevant to insurance and risk management, such as actuarial science, risk modeling, insurance market dynamics, and regulatory frameworks. Through research projects, publications, and partnerships with industry stakeholders, faculty contribute to advancing knowledge and best practices in the insurance industry.Students may also have the opportunity to engage in research activities through coursework, independent studies, or participation in student-led research initiatives. By exploring contemporary issues and emerging trends in insurance and risk management, students develop critical thinking skills and gain insights that prepare them for leadership roles in the field.
Industry Engagement: The Bachelor of Business Administration - Insurance and Risk Management program at Wilfrid Laurier University fosters strong connections with the insurance industry through various initiatives. Industry professionals often serve as guest speakers, adjunct professors, or mentors, providing students with valuable insights into industry trends, challenges, and opportunities.The university maintains partnerships with insurance companies, brokerage firms, regulatory agencies, and industry associations, facilitating opportunities for internships, co-op placements, and networking events. These industry engagements enable students to apply classroom learning to real-world scenarios, gain hands-on experience, and develop professional relationships that may lead to employment opportunities upon graduation.
Global Perspective: In today's interconnected world, a global perspective is essential for success in the business and insurance sectors. Wilfrid Laurier University encourages students to develop a global mindset through various means, such as international exchange programs, study abroad opportunities, and coursework that incorporates global perspectives.Students may have the chance to participate in international study tours, where they can explore insurance markets, regulatory frameworks, and cultural differences in other countries. Additionally, courses may address global issues such as climate change, geopolitical risks, and emerging technologies that impact the insurance industry on a global scale.
Location
Waterloo
Score
IELTS 6.5
Tuition Fee
CAD 40209
Application fee: CAD$ 80 + Applying through OUAC 105F Portal charges CAD$ 156 + International Charges CAD$ 10
Academic Requirements: International undergraduate applicants are typically required to have a minimum academic average of 70% or its equivalent in their secondary school studies.
English Language Proficiency:
- IELTS: An overall band score of 6.5, with no individual band score less than 6.
- TOEFL: A minimum score of 83 on the internet-based test (iBT).
- PTE: A minimum score of 59 on the Pearson Test of English.
- DET: A minimum score of 120 on the Duolingo English Test.
Wilfrid Laurier University offers a range of scholarships and financial aid opportunities to support international students in their academic pursuits. These scholarships recognize outstanding academic achievement, leadership qualities, and community involvement.
International Student Entrance Scholarships: Wilfrid Laurier University offers several entrance scholarships specifically for international students. These scholarships are awarded based on academic excellence and are available for both undergraduate and graduate students. The value of these scholarships varies, with some covering a significant portion of tuition fees.
President's Gold Scholarship of Distinction: This prestigious scholarship is awarded to exceptional incoming international undergraduate students who demonstrate exceptional academic achievement, leadership potential, and community involvement. Recipients of this scholarship receive a renewable award that covers a significant portion of their tuition fees.
International Student Scholarship: The International Student Scholarship is awarded to international undergraduate students who have demonstrated academic excellence and are entering their first year of study at Wilfrid Laurier University. The scholarship amount varies based on the student's academic achievements.
In-Course Scholarships: Wilfrid Laurier University also offers in-course scholarships for international students who have completed at least one year of study at the university. These scholarships are based on academic performance and may be awarded to students who have achieved a certain GPA or have excelled in specific areas of study.
Faculty-specific Scholarships: Some faculties and departments within Wilfrid Laurier University may offer scholarships and awards specific to their respective fields of study. These scholarships may be available to international students based on academic performance, leadership, or other criteria determined by the faculty or department.
External Scholarships and Partnerships: In addition to the university-specific scholarships, international students at Wilfrid Laurier University can also explore external scholarships and funding opportunities. The university has partnerships with various organizations and agencies that offer scholarships to international students, both at the undergraduate and graduate levels.
It is important to note that scholarship eligibility and application processes may vary, and some scholarships may have specific requirements or deadlines.
Graduates of Wilfrid Laurier University's Bachelor of Business Administration (BBA) program with a specialization in Insurance and Risk Management (Co-op) have a wide range of career opportunities in the insurance industry and related fields. The program equips students with a blend of theoretical knowledge, practical skills, and industry experience through co-operative education terms.
Insurance Underwriter: Graduates can pursue careers as insurance underwriters, assessing risks associated with individuals or businesses applying for insurance coverage. They evaluate applications, determine coverage amounts, and set premiums based on risk analysis and industry guidelines.
Risk Analyst: Graduates may work as risk analysts, analyzing data to identify potential risks and develop strategies to mitigate them. They assess financial, operational, and strategic risks faced by organizations and recommend risk management solutions to protect against potential losses.
Claims Adjuster/Examiner: Graduates can become claims adjusters or examiners, investigating insurance claims filed by policyholders. They assess the validity of claims, review policy coverage, negotiate settlements, and ensure timely processing of claims in accordance with legal and regulatory requirements.
Insurance Broker/Agent: Graduates may pursue careers as insurance brokers or agents, selling insurance products to individuals and businesses. They assess clients' needs, recommend appropriate insurance policies, and provide guidance on coverage options, premiums, and risk management strategies.
Risk Manager: Graduates can work as risk managers within organizations, overseeing risk management programs and strategies to minimize exposure to various risks. They identify potential threats to an organization's operations, assets, and reputation, and develop risk mitigation plans to protect against financial losses.
Actuarial Analyst: Graduates may pursue careers as actuarial analysts, using mathematical models and statistical techniques to assess and quantify risk in insurance and financial contexts. They analyze data, develop pricing models, and evaluate the financial implications of insurance policies and investment strategies.
Compliance Officer: Graduates can work as compliance officers within insurance companies or regulatory agencies, ensuring compliance with industry regulations, legal requirements, and ethical standards. They monitor internal policies and procedures, conduct audits, and provide guidance on regulatory matters.
Risk Consultant: Graduates may become risk consultants, advising organizations on risk management practices, insurance coverage, and compliance requirements. They assess risks across different business functions, recommend risk mitigation strategies, and help clients optimize their risk management processes.
Loss Control Specialist: Graduates can specialize as loss control specialists, working for insurance companies or risk management firms to prevent or minimize losses due to accidents, natural disasters, or other unforeseen events. They conduct risk assessments, develop safety protocols, and provide training to reduce the likelihood of incidents.
Insurance Regulatory Analyst: Graduates may pursue careers as insurance regulatory analysts, working for government agencies or industry associations to monitor and analyze regulatory developments, legislative changes, and industry trends. They provide insights and recommendations on policy issues affecting the insurance industry.
