To be announced
in spring 2021
Full-time Program - Attestation d’Études Collégiales (AEC) LCA.6A
The goal of the program is to provide students with the necessary competencies to work in the damage insurance field in the province of Quebec in the roles of agent, broker, underwriter, and claim expert. A damage insurance agent meets with potential clients, assesses their needs, provides quotes, and ensures a sale representing one company. In contrast, a broker performs similar functions but works with several companies. A claims adjuster works with the clients in paying out claims by overseeing and negotiating settlements. Underwriters analyze insurance applications and provide information to other industry players.
The field of damage insurance refers to all types of insurance other than life and health insurance and is also referred to as general insurance. The larger insurance field can be subdivided into two main categories as below:
- Personal Insurance (life, health)
- Damage Insurance (property and casualty, fire, accident, miscellaneous risks)
This program proposed focuses exclusively on damage insurance. Other programs target personal insurance.
According to information provided by the Coalition pour la promotion des professions en Assurance de Dommage (ChAD), “Damage insurance agents and brokers, as well as claims adjusters are all damage insurance professionals.” They are certified by the Autorité des marchés financiers, overseen by the Chambre de l’assurance de dommages (ChAD), and must pass AMF examinations to hold a licence.
Insurance products protect property or compensate for damages caused to a third party. Key examples include:
- Automobile Insurance
- Home Insurance
- Commercial Insurance
- Liability Insurance
- Professional Liability Insurance
- Event Insurance (including film set insurance, for example)
- Farming Insurance (There are 30,000 farms in Quebec!)
- Boat, Snowmobile, Aircraft Insurance and other
This program consists of 13 courses totaling 870 hours and providing participants with 30.33 credits.
IS THIS PROGRAM RIGHT FOR ME?
What do employers describe as the ideal candidate? Pro de l’assurance has put together a quiz to help you figure out if you have the skills sought by employers?
The 10 characteristics of the the ideal candidate are:
- Excellent analytical skills: Are you good at identifying issues quickly, gathering useful information and making connections? This is an asset that will surely serve you in insurance.
- Good seller: You ask the right questions, are convincing and have the ease to share your vision of things? Damage insurance will allow you to put forward these qualities and even develop them.
- Customer Service: Understanding a client’s reality to adapt yourself to their needs and providing personalized support is essential for you? You are an ace of customer service.
- Excellent communicator: It comes naturally for you to transmit clear information and it’s easy for you to exchange with others? There is no doubt that this quality will be very useful in the context of an insurance career.
- Empathic: Communicating is good, but being able to put yourself in the shoes of your interlocutor demonstrates that you are someone very empathic. This quality will allow you to build relationships with your customers.
- Entrepreneur: You are fuelled by challenges, are autonomous and would like to be your own boss? You will be delighted to discover that entrepreneurship and insurance can go hand in hand.
- Good negotiator: To put forward your ideas without losing sight of the concerns of your interlocutor is natural for you? These are typical traits of a good negotiator.
- Comfortable with the technologies: You use new technology with as much ease as a telephone? You will be in your comfort zone and will have the opportunity to continue to develop agility in this facet in the property insurance industry.
- Helper: Do you find value in working to help a multitude of people and to protect their property? The insurance industry needs you.
- Attentive listener: Listening is one of your core values, and you have the well-being of others at heart? These beautiful qualities will make you a candidate of choice.
WHAT THE JAC PROGRAM OFFERS ME?
This program offers:
- Practice with technology used in the industry (Compuquote)
- Experienced teachers from the Damage Insurance industry, who are familiar with the needs of the market
- Job skills training including: mock interviews, cv writing, networking and job search skills
- Various networking opportunities
Our program leads to an AEC (Attestation d’études collégiales) and aims to provide students with the necessary competencies to meet the growing needs of skilled labor in this sector.
According to a survey of damage insurance companies, which was administered by the Pros de l’assurance in spring 2017:
- More than 3,500 vacant positions in 2018-2019; 766 employers throughout Quebec.
- In descending order, positions will become available for Brokers, followed by Agents, Claims Adjusters, and Underwriters.
- Montreal is one of 4 regions in Quebec where the highest number of positions will become available.
- The Attestation d’Études Collégiales (AEC) is the preferred training among employers in the damage insurance industry.
According to the Government of Canada, in the Montreal region over the next few years, labour needs will stem mostly from positions left vacant by insurance agents and brokers who will retire, move to other occupations or be promoted to management positions.
Since the number of experienced unemployed workers who could meet the needs is low, these positions should be more readily available to recent graduates, as well as to individuals seeking a career change in this field.
Source: AMF, Rapport annuel sur les institutions financiere 2018, Coalition, mene par SCOR 2017
Courses & Schedule
14 months (870 hours)
Evening - Days Schedule
Tuesday, Wednesday and Thursday- 6:30 p.m. to 10 p.m.
Every second (2 per month) – 9 a.m. – 4 p.m.
* ALL COURSES OFFERED IN AN ONLINE ENVIRONMENT
Consists of 13 credit courses, for a total of 30.33 credits.
|Course Number||Course Title||Hours|
|410-F53-AB||Concepts of Law||45|
|412-F15-AB||Prof Integration in a Computerized environment||75|
|410-F56-AB||Building Codes and Standards||45|
|410-F55-AB||Personal Property and Liability||60|
|410-F60-AB||Risk Analysis in Personal-Lines||60|
|410-F57-AB||Motor Vehicle Insurance||75|
|410-F59-AB||Direct and Indirect Damages||90|
|410-F58-AB||Communications and Sales||60|
|410-F61-AB||Commercial-Lines Insurance/Business Liability||60|
|410-F62-AB||Risk Analysis in Business Insurance||60|
- Fulfill AEC admission requirements
- Working knowledge of French an asset
- Interview by the Selection Committee to evaluate the match b etween the candidates’ learning and career goals and the teaching objectives of the program
|Parking||If required: $24 per month (Day only - free after 5 p.m.)|
|AMF exams - After the Program||$149 per set of 4 exams (Note that all 3 or 4 exams must be done over 90 days)|