Licensing Education / Designations
Get the POWER of an insurance designation
The insurance industry offers many different career paths and opportunities for advancement, especially for Level 2 and Level 3 licensees. There are several ways to undertake the education you need to hold a Level 2 or 3 license. At IBABC, you can take advantage of a mixture of classroom-based and online learning options that give you the flexibility to achieve your goals.
An insurance designation lets your clients know that they have a knowledgeable, committed professional looking after them. It demonstrates that you have the experience, backed up by formal training, to handle the complexities of their insurance needs.
An insurance designation also gives your employer confidence in knowing you're serious about your career. It lets prospective employers know that you have attained 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 fulfilling insurance broker duties.
An insurance designation helps you advance in your career, and ultimately your earning power. A supervisory role within a brokerage requires a Level 2 license, for example. Insurance designations are the gateway to furthering your career aspirations in the industry. In addition, an approved designation lets you to meet your licensing requirements with fewer continuing education credits.
There are three insurance broker 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 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 senior designation program for brokers who have achieved a CAIB, CCIB or AIIC/CIP designation. It is positioned at a university level of study and consists of a combination of three mandatory courses and three university/college electives.