Prepare to lead in risk mitigation and strategic decision-making. The Insurance and Risk Management major within the Business Administration Diploma at Bow Valley College equips students with the expertise to identify, assess, and manage risks across diverse industries. With the increasing complexity of today’s business environment, professionals trained in risk management are in high demand across public and private sectors.
Program Overview
Gain a structured understanding of uncertainty caused by technological, organizational, human, or political factors. You’ll learn to develop proactive strategies that reduce risk exposure and ensure business continuity. This comprehensive two-year diploma includes core business education and specialized courses in insurance and risk management.
Key Program Features
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Duration: 2 years (4 terms) – Full-time or part-time study options
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Learning Format: In-class and select online courses
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Professional Designations: Eligible for up to 7 credits toward Chartered Insurance Professional (CIP) and fulfills requirements for the Canadian Risk Management (CRM) designation
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Career-Focused Curriculum: Designed in alignment with industry standards to prepare students for real-world roles in insurance and risk sectors
Learning Outcomes
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Understand enterprise and operational risk
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Analyze risk exposures and apply mitigation techniques
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Learn claims management and insurance principles
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Prepare for industry-recognized certifications
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Develop analytical and communication skills for corporate and public risk environments
Designation Pathways
Chartered Insurance Professional (CIP)
Earn credit for up to 7 of 10 CIP courses through The Insurance Institute of Canada by passing applicable final exams.
Canadian Risk Management (CRM)
Complete the three key courses required for the CRM designation and gain foundational skills recognized by risk employers across Canada.
Career Opportunities
Graduates can pursue rewarding careers in:
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Insurance Underwriting
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Claims Adjusting
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Risk Analysis
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Corporate Risk Management
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Insurance Sales & Brokerage
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Compliance and Regulatory Affairs
- Academic Requirement: 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
- ELP Requirement: IELTS 6.0 (6.0), PTE 59 - 64, TOEFL: 83, Duolingo: 110
- If you withdraw from a credit course, it is your responsibility to tell the Registrar as soon as possible.
- You must complete a Drop/Withdrawal form.
- If you want a refund, you have to tell the Registrar that you are withdrawing before the drop deadline.
- The College calculates your refund based on the date you stopped attending classes.
- If you withdraw before the first day of classes you will get a 100% refund of tuition (minus the Confirmation Deposit).
- You will get a 100% refund of mandatory fees and third party fees.
- If you withdraw after the first day of classes but before the Drop Deadline, you will get a 100% refund of tuition and some fees. Some fees will not be refunded.
- If you withdraw after the Drop Deadline you will not get a refund.
- The College does not refund application fees.
- If you submit proof of Visa/ study permit refusal by November 26 (Visa Approval/Denial Deadline). The $1,500 confirmation deposit and any additional *tuition and fees paid will be refunded. To qualify for a tuition refund students must first drop all registered courses in their MyBVC student portal. Students in these programs are personally responsible for emailing registrar@bowvalleycollege.ca to request their courses be dropped to qualify for a refund.
- We recommend you review the tuition and fees, refund and important dates and deadlines pages for additional relevant information.
- Application Fee: $140
- LOA Deposit: $1,500
- Annual Tuition Fee: $17,504
- Total Tuition Fee: $35,433
- Course Duration: 2 years
- Credentials: Diploma
- Intake: Jan 26, May 26
- Academic transcripts (Official Canadian transcripts and official Pathway transcripts must be sent directly from the institution to admissions@bowvalleycollege.ca. Unofficial transcripts will be accepted for review while we wait for official transcripts to arrive.)
- Passport
- Proof of English Language Proficiency
- CV (Include email id, phone no, full address, education, work experience)
- Your Alberta Student Number (ASN). You already have an ASN if you’ve attended or applied to any school or post-secondary institution in Alberta. Use the ASN Lookup service to find your ASN. If you do not have an ASN, the ApplyAlberta system will assign one to you.
- When using an authorized agent or representative, please make sure to complete and the Consent to Release Information form. Submit this form through your VAS account.