Why get an insurance designation?
An insurance designation lets your clients know immediately that
they have a knowledgeable, committed professional looking after
them. It demonstrates that you have the experience, backed up with
formal training, to handle the complexities of their insurance
needs.
 An insurance designation gives your employer confidence in knowing
you are serious about your career and your approach to your job.
It tells prospective employers that you have attainted a specific
level of knowledge about insurance and the industry. Brokerages
often choose candidates with a CAIB designation over those without,
simply because they know CAIB graduates are more versatile and
capable in insurance broker duties.
An insurance designation helps you advance in your career. A supervisory
role within a brokerage requires a Level 2 license, which means
completing CAIB 2 and 3. At that point, you’re well on your
way to completing all four courses and earning your CAIB designation.
There are three insurance designations currently recognized in
British Columbia:
CAIB (Certified Accredited Insurance Broker)
CAIB is the nationally recognized designation of the professional
insurance broker. In B.C., passing CAIB exams is a recommended
way of upgrading your general insurance license. CAIB courses will
acquaint producers more fully with the major coverages that generate
90% of premium volume. They also deal with marketing management
and office operations and prepare the student for proprietor-licensing
examinations.
CPIB (Canadian Professional Insurance Broker)
CPIB is the new senior designation program for brokers who have
achieved a CAIB, AIIC / CIP, or CCIB designation. It is positioned
at a university level of study and consists of a combination of
three mandatory courses and three university / college electives.
CCIB (Canadian Certified Insurance Brokers)
A senior designation designed for the commercial insurance brokers
who have already completed their CAIB. The CCIB is known as the ‘graduate
degree’ of insurance designations. This national designation
has long been recognized as the mark of insurance brokerage knowledge
and experience. The CCIB Program is a self-study program involving
three exams. The exams are practical and experience-based.
To learn more about broker licensing requirements and issues
pertaining to our licensing courses and designations, please
visit our Frequently Asked
Questions - Licensing Education area.
Have more questions about IBABC Licensing Education?
Contact Michael Gaschler at (604) 606-8004 or click here.
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