Print Page   |   Contact Us   |   Report Abuse   |   Sign In   |   Sign Up
Canadian Certified Insurance Broker (CCIB)
Share |

CCIB Program Objective

Let your professionalism stand out—become a Canadian Certified Insurance Broker, the highest designation awarded by the Insurance Brokers Association of Canada.

Because business means competition, be recognized as a leader by establishing high standards of technical competence, knowledge, and service.

CCIB denotes a professional standard of excellence toward which all insurance brokers may strive, it sets a standard of quality to merit public recognition throughout Canada, and it ensures that the independent broker will continue to flourish.

CCIB Prerequisites/Eligibility

  • At least 5 years' consecutive experience in the insurance industry
  • Your primary occupation is that of an insurance broker
  • You are an employee of a member brokerage in good standing with the Insurance Brokers Association of Alberta or an associate member. (If you are not a member or an associate member, you will receive the CCIB certificate rather than the designation.)

CCIB Course Descriptions

15 CE credits for General licences (upon successful completion of all three exams)

The CCIB program consists of 3 exams that test a broker's wide-ranging, practical, and theoretical knowledge of the insurance marketplace. The exams test knowledge of commercial property and liability coverage—including the statutory conditions, insuring agreements, policy conditions, and legal concepts—as well as the ability to apply that knowledge by analyzing a risk and recommending appropriate coverage.

No formal course of study exists as candidates are expected to draw upon their own expertise gained through previous courses/reading, industry currency, and experience. Here are some resources you might want to consult.

After successfully completing the two preparatory written exams, you can apply to take the final oral or written exam.

Member $450 / Non-Member $900 per exam

Preparatory Written Exams

The passing grade is 60% in each.

Essay-Style Questionnaire

This examination will test the practical application of the candidate’s technical knowledge and risk management.
  • 3 hours
  • Case-study-style questions

Short-Answer Questionnaire

This examination will test the candidate’s technical knowledge.
  • 2 hours
  • Short "snapper" questions

Final Exam—A True-to-Life Insurance Oral or Written Proposal

The final exam approximates a "true to life" proposal for commercial property and casualty insurance brokers based on the client portfolio that is provided. The exam can be taken as an oral presentation to a panel of 3 insurance professionals ("the client") or a written description.

Given the commercial nature of this proposal, topics will likely include the following coverage:
  • Property
  • Business Interruption
  • Liability
  • Automobile
  • Boiler and Machinery
  • Crime
  • Miscellaneous
The passing grade is 60%.

Oral Option
The oral examination (1 ½ hours) begins with a proposal and is followed by the presentation to the "client."

Before the oral examination, candidates prepare an insurance proposal based on the client portfolio. The proposal must be completed in accordance with the guidelines and returned to IBAA within 10 business days. The proposal must include the following criteria:
  • Key coverage must be addressed
  • The look or presentation of the proposal must be professional
  • The candidate is expected to abide by ethical standards
  • The proposal must be free from outrageous recommendations
The proposal is worth 10 marks, with a passing grade of 6 out of 10 that enables the candidate to move on to the oral examination. Candidates will be tested within a two-week period following the submission of the proposal.

In the oral examination, candidates present their proposal to a panel of three insurance professionals ("the client") and may use any relevant reference material they would customarily bring to a client presentation. The panel then asks questions based on the proposal. The panel’s questions will be from the client perspective.
Written Option
The written examination (called a "written survey") is an open-book exam (5 hours). Candidates can use any relevant reference material they would consider appropriate for creating the proposal, with the following exceptions: pre-printed forms, aids such as checklists and pro forma surveys used by the candidate’s brokerage in day-to-day business, and personal computers.

Markers will use their own discretion based on the actual details of the portfolio given for the examination, but the following list provides some guidelines:
  • Listing all coverage, endorsements, and policy extensions: 25%
  • Giving detailed explanations of coverage and reasons: 75%

If unsuccessful with the proposal, candidates are given two attempts (on a different portfolio) within a two-year period. If still unsuccessful, candidates must wait three years before beginning the program again. No credits from any of the previous 3 examinations will be transferred.

Who Should Take CCIB and Why?

Questions? Comments? Suggestions?

Contact us.

more IBAA Courses and Events

2019-12-09 » 2019-12-13
Licensing Level 1 Immersion - Edmonton

Errors & Omissions

Featured Vendors

Online Surveys
Membership Software Powered by YourMembership  ::  Legal