IBAO has developed three distinct educational career paths for professional insurance brokers. The second career path is designed for the Producer in a brokerage office.
The following five programs represent the recommended education steps for Producers:
The Canadian Accredited Insurance Broker (CAIB) program, is a four part national designation program that takes an in-depth look at technical coverages and business management strategies in the Canadian insurance marketplace.The program is broken down into four main parts - CAIB 1, CAIB 2, CAIB 3 and CAIB 4, and the courses can be taken in any order.
The Canadian Professional Insurance Broker (CPIB) program is a national six part designation program that is designed for brokers who have earned their CAIB or CIP designation, and are seeking a specialization and/or want a program to enhance their knowledge of the insurance industry. Brokers can select one of three streams of specialization depending on their interests.
IBAO offers Laurentian University's online Honours Bachelor of Commerce (H.B.Com) program for our member brokers. There is no better way for insurance professionals to gain the strategic business skills needed to compete and win in this new world than in completing a university business degree. The H.B.Com includes courses in management science, accounting, finance, organizational behaviour, marketing, and operations, as well as advanced electives for brokers with an undergraduate degree in business.
The Canadian Certified Insurance Broker (CCIB) designation is the highest designation awarded by the Insurance Brokers Association of Canada. There is no formal course of study for the three CCIB examinations. The examinations test all aspects of property casualty insurance, including the candidate’s ability to do risk management analysis. The designation is intended to demonstrate the holder’s practical competency gained through experience.
IBAO offers Laurentian University's online Master of Business Administration (MBA) program for our member brokers. There is no better way for insurance professionals to gain the strategic business skills needed to compete and win in this new world than in completing a university business degree. The MBA includes a broad range of courses such as management science, statistics, accounting, marketing, and operations, as well as advanced electives in business studies.