WHAT’S AN INSURANCE BROKER?

Brokers are insurance experts uniquely positioned to represent the best interests of Ontario consumers. They don’t work for insurance companies — they shop for policies from multiple companies for the best product and price. Insurance brokers are consumers’ only source of independent, expert insurance advice.

ROLES

Customer Service Rep / Account Manager
Technical Service Rep / Administrative Assistant
Producer / Account Executive
Claims Specialist
Management / Principal Broker

BENEFITS

Creating Meaningful Relationships
Making an Impact
Contributing to Local Communities
Promoting Diversity & Inclusion
Developing as a Professional

STEP 1

Choose an IBAO Course to Prepare for RIBO’s Level I Exam

• Broker Launchpad On Demand l For those who prefer studying at their own pace
• Broker LaunchPad Weekday Program l Provides the highest success rate
• Broker LaunchPad Weekend Program l For individuals who work full–time
• Exam Clinic l For individuals who have taken the exam before

STEP 2

Pass the Exam — Mandatory to Become an Ontario Broker

  • Employment or sponsorship isn’t required to write the exam
  • You do not have to take a course before you write the exam, although it is recommended. You may bypass the course and proceed directly to the exam.
  • Register for the exam
  • Once you receive employment within one year of passing your exam, you may apply for your RIBO license by contacting licensing@ribo.com.

 

STEP 3

Find a Job Within One Year of Passing the Exam

• You must be employed by a RIBO registered brokerage before qualifying as a registered insurance broker in Ontario.