Licensing & Designations

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Licensing Education / Designations

Achieving professional broker designations is a sign of dedication to your career and a commitment to being an insurance industry expert. To support you at all stages of your career, IBABC provides you with nationally recognized courses and professional designations.

Fundamentals of Insurance - This course is a pre-licensing course for beginning general insurance brokers. It is particularly suited to those who are brand new to the industry.
Canadian Accredited Insurance Broker (CAIB) program - 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.
Canadian Professional Insurance Broker (CPIB) program - CPIB is the senior designation program for brokers who have achieved a CAIB 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.

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.

Maintaining Your Licence

All licenses issued by the Insurance Council of B.C. are continuous; they no longer expire, but licensees are required to file by June 1 each year to demonstrate that they have met licensing requirements. Licensees are still required to transfer licenses between employers and to amend licenses.

To maintain your General Insurance license, you must meet the Insurance Council's current Continuing Education (CE) requirements.

Learn more about IBABC's CE courses