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The Insurance Society of New York initially provided study space and material to young people entering the insurance industry, and served as a site for insurance lectures. Over the years, ISNY developed a curriculum based upon these lectures. The curriculum ultimately led to the creation of The School of Insurance, followed by The College of Insurance.

The College of Insurance offered bachelors and masters degrees in insurance and actuarial science. It provided professional exam preparatory seminars for insurance and actuarial science designations and held classes after business hours for working professionals in New York City. At its largest, total enrollment was approximately 400.

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