Seneca College partners with LOGiQ3 to address decline of Underwriters in the insurance market by introducing Underwriting Education.
TORONTO – November 28, 2016 – Seneca College is one of Canada’s largest colleges, committed to offering flexible and accessible education in areas of applied arts, business, financial services, and technology. The College is pleased to announce a partnership with LOGiQ3, an expert provider of life insurance and reinsurance services, to deliver its comprehensive Underwriting Education Program to Seneca students.
Recent research has shown that 20-30 per cent of the existing population of underwriters is expected to retire within the next five years. Seneca and LOGiQ3 have partnered to increase awareness of this issue by offering a comprehensive training program and encouraging students to consider an exciting career in life underwriting.
A Life Underwriter in its simplest definition is responsible for evaluating whether an individual applying for life insurance is eligible for acceptance dependent on a number of risk factors. Since 2007, LOGiQ3 has trained hundreds of Underwriters globally, from those with no experience, to industry professionals looking to expand their career opportunities. The program’s series of video modules covering medical and non-medical topics considers all facets of mortality risk selection and provide the fundamental knowledge required to assess risk.
“Our partners in the insurance industry have highlighted the need for more training from post-secondary institutions, as much of the industry is facing retirement challenges in the coming years,” said Jeff McCarthy, Dean, Seneca Faculty of Continuing Education and Training. “Seneca is delighted to partner with an industry leader such as LOGiQ3 to expand our insurance training offerings and help us provide relevant, industry-driven programming that prepares students for the working world.”
“Our underwriting experts are a product of our Underwriting Training,” said Carmela Tedesco, Vice President of Underwriting and Claims, and head of Underwriting Training at LOGiQ3. “Our past alumni have flourished through this education program and are in senior level positions today. Our Underwriting Specialists and Senior Underwriters, who’ve helped and supported these underwriters in their career advancement, now want to give back, by generating more knowledge in our industry to close the gaps we will be experiencing with the multitude of retirements. We want to open the doors for College graduates in Health Sciences and Business with an opportunity to work in the Life insurance industry with proper training to prepare them for these roles. Our Underwriting Training Program will give them additional opportunities in the workforce.”
Ideal candidates for this new program include students and working professionals in business, life & health sciences, nursing, and kinesiology seeking to pursue career options in Life Underwriting, Claims, Sales or New Business at insurance organizations.
Enrollment in this online program is now available through Seneca’s Faculty of Continuing Education. For more information, please contact Keith Chapin, email@example.com or visit Seneca College’s Faculty of Continuing Education website here.
Notes for Media and Editorial Departments
For any media questions, please contact:
|Natalie Ho, LOGiQ3
Vice President, Sales & Marketing
|Lisa Pires, Seneca
Media Relations, Specialist
416-491-5050 ext. 77018
With campuses in Toronto, York Region and Peterborough, Seneca offers degrees, diplomas, certificates and graduate programs renowned for their quality and respected by employers. It is one of the largest comprehensive colleges in Canada, offering nearly 300 full-time, part-time and online programs. Combining the highest academic standards with work-integrated and applied learning, expert teaching faculty and the latest technology ensure Seneca graduates are career-ready. Find out more at senecacollege.ca.
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LOGiQ³ is the expert provider of life insurance and reinsurance consulting and outsourced services. LOGiQ³ delivers long-term strategic solutions and short-term tactical support across Underwriting, Reinsurance Administration, Claims and Audit. LOGiQ³ supports clients across the life insurance service chain from agent to retrocessionaire from its offices in Toronto, Canada, and Cardiff, UK.
To learn more about LOGiQ3, visit http://www.logiq3.com.