IBAS | Canadian Accredited Insurance Broker (CAIB)

Canadian Accredited Insurance Broker (CAIB)

Continuing education credits
Pass: 24 hours
Fail: 16 hours

Course Information

The Canadian Accredited Insurance Broker (CAIB) program is a professional development course designed by IBAC specifically for independent insurance brokers and provides students with fundamental knowledge and specialized skills to ensure their clients receive necessary insurance expertise.

The CAIB program consists of four courses pertaining to Personal Lines, Commercial Lines and Brokerage Management skills. Each course culminates in a national examination. The pass mark on each examination is 60%. Upon successful completion of the four examinations, eligible candidates are awarded the nationally recognized professional designation “CAIB”. All new CAIB designates are recognized in the Regina Leader Post and Saskatoon Star Phoenix. They are awarded their CAIB certificate and lapel pin at the annual IBAS Convention.

Non-members who complete the CAIB program are only entitled to a certificate of completion. 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 CAIB designation.

Course Outline
CAIB 1
Intro to General Insurance
Habitational Insurance
Other Habitational Insurance
Habitational Forms & Endorsements
Personal Liability Insurance
Farm Insurance
Basics of Auto Insurance
Building Towards Professionalism

CAIB 2
Intro to Commercial Property Insurance
Underwriting Commercial Property Insurance
Commercial Property Insurance
- Policy Forms
- Additional Coverage Forms
- Misc. Property Forms
Crime Insurance
Business Interruption Insurance

CAIB 3
Commercial Liability – A Legal Perspective
The Commercial General Liability Policy
The Commercial Automobile Exposure
Ocean Marine & Aviation Insurance
Surety Bonds
Risk Management

CAIB 4
Planning
Organizing
Human Resources
Leading
Broker-Company Relations
Marketing
Building Long-Term Relationships
Technology & Brokerage Operations
Brokerage Financial Management
Monitoring

Study Options
Self-Study
Students receive a text, workbook, study guide, practice exam, exam marking guide and student course guide. Students can register for this method of self-study at any time of the year. At the time of registration students are required to identify their chosen exam date. Exams can be postponed for a fee.

Immersion Courses
A week-long immersion course is offered annually for each CAIB course where you will participate in intensive exercises and discussions. A final exam is held on the last day of the immersion class. Two CAIB 1 immersion courses are held each year; one in the fall and one in the spring.

CAIB Online Tutorials
All registered CAIB students have access to online tutorials. The enhanced learning features of the online courses include:
• Complete multimedia lectures that you can access as often as you wish.
• Interaction with the multimedia presentations.
• Downloadable PowerPoints for easy note taking and better retention of the course content.
• Progress quizzes with remedial feedback to consolidate your comprehension.

Students have 5 months from the time the register for their CAIB course to sign-up for the online training. Once the course has been activated, the student has 12 weeks of unlimited access.