What is the CAIB Designation?
The CAIB Designation is awarded to those who pass all 4 of the CAIB exams. The designation is used in Canada and administered by the Insurance Brokers Association of Canada. It serves as a guarantee that the designation holder has the professional and technical knowledge they need.
The CAIB Designation. and other professional designations, are also something that employers and insurers look at when deciding whether to hire you or to award your brokerage a contract. Those who decide to make a career in the insurance industry should look seriously at getting their CAIB Designation.
How do I get a CAIB Designation?
You get your CAIB Designation by passing all 4 of the CAIB exams (1 to 4) in any order you choose. I recommend starting with the CAIB 2 & 3 exams as that gives you your Level 2 license. Then moving on the CAIB 4 exam at which time you could apply for your Level 3 license and manage a brokerage. After that, you can circle back to finished your CAIB 1 exam which is very similar to Fundamentals and should be a piece of cake by then.
You can go about this by self-studying the textbook but hundreds of students also choose to take our online courses. They find it much quicker and easier to understand compared to other alternatives – especially when combined with the help of a licensed agent either online or by phone.
Once you’re ready, they hold CAIB exams a few times a week although timing and location vary by province. I would suggest referring to your provincial brokers association for more information on that.