ACCREDITED CONTINUING EDUCATION & ONLINE INSURANCE COURSES FOR FUNDAMENTALS OF INSURANCE, CAIB*, RIBO**, ALBERTA GIL & OTHERS

April 30, 2024

Last Updated on May 10, 2024 by Jacques Wong, B.Sc.

Whether you’re planning to take the RIBO 1 exam, Alberta Level 1 insurance exam, the OTL exam, or any of the CAIB exams in Canada, PNC Learning is here to help make sure your are successful on your first try. To support this claim, we were one of the first to come out with a pass guarantee. If you complete our course but don’t pass the exam, you can study again for free until you do.

However, we want to make sure you are successful the first time ultimately saving you time and money. Below are some best insurance exam tips we’ve discovered from training tens of thousands of insurance brokers in Canada to help them pass their exams.

Based on our research, all of them implemented most (or all) of these tips and strategies.

Steps to Success: Mastering Your Insurance Broker Licensing Exam

This guide will equip you with the strategies you need to excel on your provincial insurance broker licensing exam. By following these best insurance exam tips and utilizing the resources provided in your course, you’ll be well on your way to becoming a certified insurance broker.

Tip 1: Know Your Enemy (The Exam)

If you want to successfully pass the exam, you have to understand it first.

Before diving in, understand the exam’s structure. How many questions are there? What types of questions (multiple choice, true/false, etc.)? How much time is allotted to complete the exam? What reference materials will you be allowed to use? What can you bring with you into the exam? How many questions will there be on each topic (exam weighting)?

This information (where available) is provided within your course materials and will help you develop an effective study plan.

Tip 2: Have a Plan

Develop a study schedule that accommodates your learning style and the time remaining before the exam. Look at the amount of time you have before the exam date, the chapters in the course and break down the course material into manageable sections and allocate study time accordingly. Dedicate the last week (or last phase) solely to review and practice exams.

Having a plan and a consistent study schedule (that you stick to) is the single best thing to increase your chances of success.

Tip 3: Use Active Learning

Don’t just passively read the content, engage with it. Move beyond passive reading. Print out your course notes and actively engage with them. Highlight key concepts as you watch the lectures, create your own real-world examples that resonate with you and will be easier to remember, create your own memory devices and annotate the notes to personalize them.

Test yourself early & often. Utilize the practice quizzes at the end of each chapter to solidify your understanding. Identify areas of weakness and revisit those sections in the notes and lectures to ensure you have a thorough understanding before moving on. The knowledge and concepts within the course build on themselves so unless you have a solid foundation, it can be hard to understand and apply the material that comes after.

Tip 4: Teamwork Makes the Dream Work (Optional)

Consider forming a study group with fellow students in your course. Discuss concepts, solve practice problems together, and quiz each other. This collaborative approach can solidify understanding and identify areas needing clarification. One of the best ways to learn and understand something, is to explain it to someone else. If you have trouble finding a group, reach out to your course provider – they might be able to connect you with other students.

Tip 5: Learning On-the-Go

Study on the go. We really believe in the power of flexible and on-demand learning and that’s why we have audio lectures and a mobile app (details on how to download and access the app can be found inside the course). Utilize the course app and audio lectures to study during commutes, workouts, or other downtime. This effective use of fragmented time can significantly boost the amount of study time you can get in.

But be warned, just listening is passive learning and is not as effective as active learning. To make just listening more active, I would suggest pausing the audio at times and try to work through different scenarios or applications for concepts in your head.

For example, if you’re learning about the peril of falling objects in home insurance, you’ll know that it only provides coverage to contents if it is incidental to structural damage. Run through a few scenarios in your head: if a chandelier falls onto a glass dining room table and shattering it, is that covered? What is a tree branch falls onto the house, through the roof and onto the same table shattering it. Is that covered? Why would one be covered and not the other?

Tip 6: Save Those Practice Exams

Don’t waste too many of your practice exams early on. While they are a great resources, reserve at least 1 set of practice exam questions for the final stages of studying. Utilize them as a diagnostic tool to pinpoint areas requiring additional focus.

Try to set yourself up in a similar environment as the one you will be writing your exam in. Then, do through the practice exam without referencing any study materials and see how you do. The questions you get wrong will tell you which areas you need to focus your studies on. This targeted approach allows you to maximize your remaining study time.

Tip 7: When in Doubt, Ask Away!

Expert help is a click (or call) away. Don’t hesitate to reach out to your course tutors if you encounter roadblocks in your studies. We’re here to answer your questions, clarify concepts, and ensure your success on the exam.

Aside from making a study schedule and sticking to it, this is the 2nd most important factor to our students’ success.

Good Luck on Your Insurance Exam!

By following these steps and diligently utilizing the resources provided by your course, you’ll be well-equipped to confidently tackle your insurance broker licensing exam and embark on a rewarding career path. Remember, consistent effort and a commitment to learning are the keys to unlocking success, and be sure to implement our best insurance exam tips.

Did you find these tips helpful? If so, great! If you’re looking for some help with your insurance exams, sign up for a free trial for more tips and to get a feel for how we teach and how the course works. See you inside!

Jacques Wong is the CEO and Director of Education at PNC Learning. An award-winning licensed insurance broker with over 15 years of experience in both education and the insurance industry, Jacques is recognized for his expertise and effective communication strategies. He achieved the highest provincial scores on his CAIB* 3 and CAIB* 4 exams and contributes to leading insurance publications. Jacques is dedicated to making insurance knowledge accessible for everyone through his unique approach and online content.

Jacques Wong

 Jacques wong

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PNC Learning was started by insurance professionals for insurance professionals.

Our goal is to help you get a strong start in the industry and assist you as you seek to learn more and move up in the industry.