The property and casualty insurance industry is constantly changing, with new demands and challenges arising on an ongoing basis. You need to meet these demands and challenges with confidence that can only be gained from experience and knowledge. CPIB is a senior designation program developed by the Insurance Brokers Association of Canada (IBAC) and its provincial/regional Member Associations. CPIB is positioned at a university level of study and is unique in that it allows you to focus your studies and interests in one of three professional disciplines: Personal Lines, Commercial Lines and Brokerage Management.
The Qualifications
The CAIB or CIP designation is required for admission. In addition, you must be licensed and employed by a property and casualty insurance brokerage that is a member in good standing of the provincial association (IBAS). The right to use and maintain the CPIB designation shall only continue if membership status is maintained.
Non-members are welcome to take the CPIB program and will receive a Certificate of Completion upon graduation. However, a licensed non-member who works for a brokerage that would otherwise be eligible for IBAS membership, and who is neither a principal nor a shareholder in that brokerage may apply for an annual associate membership with IBAS in order to use the CPIB designation.
Course Outline
Earning the CPIB designation requires completion of six courses in your chosen discipline – Personal Lines, Commercial Lines or Brokerage management. Three of these six courses are mandatory and insurance specific courses. The remaining three courses are of a broader nature and offered by recognized universities or colleges. You may also take the program’s courses individually for general interest or Continuing Education (CE) credits.
Mandatory Courses
Personal Lines
- Law & Professional Ethics
- Claims Administration
- Advanced Personal Lines
Elective Courses (choose 3)
- Accounting/Finance
- Marketing
- Sales Management
- Communications
- Business Administration
- Organizational Behavior
Commercial Lines
Mandatory Courses
- Law & Professional Ethics
- Claims Administration
- Advanced Commercial Lines
Elective Courses (choose 3)
- Accounting/Finance
- Marketing
- Sales Management
- Communications
- Business Administration
- Risk Management *
- Organizational Behaviour
Broker Management
Mandatory Courses
- Law & Professional Ethics
- Claims Management
- Business Strategy
Elective Courses (choose 3)
- Management Accounting *
- Marketing
- Human Resources *
- Communications
- Organizational Behaviour
- Business Finance
- Management Information Systems
- Sales Management
Law & Ethics
This advanced course uniquely packages the subjects of Law and Ethics and applies them to the needs of the Canadian insurance broker. Topics include business law; ethical principles and issues; personal and organizational ethics; insurance brokers as professionals at common law; developing a risk management strategy for professional liability; corporate law; insurance broker and its business contracts; e-commerce; privacy rights; legislation and practice; employment contracts; employment relationship and termination.
Claims Management and Administration
This course takes an advanced look at the claims process from the perspective of an insurance broker. Topics include the claims process; responsibilities and rights of the insurer; the brokerage and claims management; claims by assignees and third parties; recent developments and future directions.
Advanced Personal Lines
This advanced course will take the information about personal lines learned in the CAIB program and expand that to prepare the broker to deal with the more complex issues that face insurance brokers on a daily basis. Topics include beyond the personal liability policy; dealing with exceptional homes; other residences; valuations; home-based businesses; fraud; unlicensed vehicles; sales and promotion.
Advanced Commercial Lines
Using a case study approach, this course focuses on enhanced product knowledge and the application of a sales approach of the broker function. Topics include underwriting and submissions; assessing liability exposures; environmental impairment liability (EIL) insurance; D & O and employment liability, cyber liabilities and proposals, presentations and sales techniques.
Study Options & Exam Registration
Self-Study
Students can register for this method of self-study at any time of the year by simply ordering the textbook. Students receive a textbook, study guide, practice exam and marking guide. Once the student feels ready to challenge the exam they can register on one of the national exam dates offered by IBAS. There is no time limit from ordering the textbook to completion of the examination.
To purchase the study material for one of the CPIB courses please use the Textbook Order Form.
If you would like to challenge one of the exams please click here.
CPIB Course Transfer Credits
Students wanting to transfer course(s) should first contact IBAS to confirm whether the course can be transferred. IBAS requires a copy of the student’s transcript from the post-secondary institution once all mandatory, insurance specific courses, are completed. The course(s) to be transferred should be underlined or highlighted and easily distinguished from the other credits listed.
Questions? Contact the IBAS Education/Professional Development Department by phone (306-525-5900) or by emailing education@ibas.ca.