Summary: take the RIBO 1 auto insurance course in Ontario to get licensed as an automobile insurance broker.
The largest segment of the general insurance industry in Canada is auto insurance. Other types of insurance like property and liability trail far behind in terms of number of clients and premium volumes being written annually. Most people getting into the industry see auto insurance as an easy way in because everyone needs to buy it, it is fairly standardized and easy to sell; but first, you need to get your license.
Auto Insurance Course in Ontario
To become licensed as a car insurance broker in Ontario, you need to take the RIBO 1 course and pass the exam. In addition to covering automobile insurance, this course will also cover:
- Home Insurance
- Travel Insurance
- Commercial Insurance
- and other General Insurance Concepts
RIBO License
We call the RIBO 1 course the “auto insurance course” in Ontario but it is actually much more than that. Passing the RIBO 1 exam means that you are qualified to sell all types of general insurance including:
- Travel Insurance
- Home Insurance
- Business Insurance
- Auto Insurance
Once you study the auto insurance course and pass the exam, all you need to do is find a brokerage that will employ you and sponsor your license application. With this RIBO 1 license, you can work at an insurance brokerage and sell all types of insurance products except health and life insurance.
Pro Tip: Increase your chances of finding a job by learning about what employer look for in top candidates so you can tailor your application and get noticed by hiring managers.
Auto insurance is so easy to sell because everyone needs it but once you sell them the auto insurance and build a relationship, you can also very easily upsell them to home, travel, and even business insurance later on. You can maximize the value you are getting from each client by taking advantage of this upselling strategy. So even if you only plan to sell auto insurance now, do not forget about this possibility.