Damage Insurance – AEC LCA.6A

AEC | LCA.6A | 870 hours

Admission Period: September-December, 2017

Monday to Friday from 1 p.m. to 6:30 p.m.

Next Program:  January 22, 2018

  • This program is funded by Emploi-Québec— a referral from Emploi-Québec is required to be considered for this program. Please visit your local Centre Local d’Emploi and provide contract no. contract no. 535691-0 to the agent.

Program
Overview

PROGRAM GOALS AND PROFESSIONAL PERPECTIVE

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:

  1. Personal Insurance (life, health)
  2. 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 fueled 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

Job
Outlook

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:

  • 2 154 individuals were hired in the damage insurance industry in 2016.
  • 5 298 available positions are projected for the period 2017 to 2019 in the damage insurance industry.
  • 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: Jobbank.gc.ca, released December 23, 2016

 

 

Courses &
Schedule

Courses # Course Name Hrs Credits Ponderation Prerequisites
410-F53-AB Concepts of Law 45 2.00 2-1-3
412-F15-AB Prof Integration in a Computerized environment 75 2.33 2-3-2
410-F56-AB Building Codes and Standards 45 1.67 2-1-2
410-F55-AB Personal Property and Liability 60 2.33 2-2-3
410-F54-AB Financial Accounting 60 2.33 2-2-3
410-F60-AB Risk Analysis in Personal-Lines 60 2.00 1-3-2
410-F57-AB Motor Vehicle Insurance 75 2.67 3-2-3
410-F59-AB Direct and Indirect Damages 90 3.00 4-2-3
410-F58-AB Communications and Sales 60 1.67 1-3-1
410-F61-AB Commercial-Lines Insurance/Business Liability 60 2.33 2-2-3
410-F62-AB Risk Analysis in Business Insurance 60 2.00 1-3-2
410-F63-AB Claims Adjustment * 105 3.00 3-4-2 410-F55-AB

410-F57-AB

410-F59-AB

410-F64-AB Career Development  ** 75 3.00 2-3-4
Total 870 30.33

 

COURSE DESCRIPTIONS

Click on each course to learn more

 

PROGRAM DURATION AND SCHEDULE

  • 10 months
  • Days: Monday to Friday- 1:00 p.m. to 6:30 p.m.

Application &
Fees

GENERAL ADMISSION REQUIREMENTS

  • Applicants must obtain a referral from Emploi-Québec in order to be considered for this program. Please visit your closest Centre Local d’Emploi and provide the contract no. 535691-0 to the agent
  • Applicants must meet  AEC Admission Requirements  
  • Working knowledge of French an asset
  • Interview by the admission committee to evaluate the match between the candidates’ learning and career goals and the teaching objectives of the program

FEES

  • This program is funded by Emploi-Québec
  • Parking, if required: $24 per month (Day only- free after 5pm)

After the Program

  • AMF exams: $138 per set of 4 exams (Note that all 3 or 4 exams must be done over 90 days)

Info
Session

Next Program(s):

January 22, 2018

Information Sessions:

By appointment only

Location:

Brittain Hall building – Room # TBC
Campus map