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Canadian Accredited Insurance Broker (CAIB)

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The Canadian Accredited Insurance Broker (CAIB) program was designed and written by brokers for brokers and provides individuals with the knowledge and skills necessary to work in an insurance brokerage. The program which is governed by the Insurance Brokers Association of Canada (IBAC) covers all aspects of property and casualty insurance including, personal lines (home and auto), commercial lines (business) and brokerage management.

Upon successful completion of all four modules of the program, graduates working for and IBANS member brokerage will be entitled to use the nationally recognized designation of CAIB.

Graduates of non-member brokerages who complete all four modules of the program will receive a certificate of completion and are not entitled to use the CAIB designation.

Course Outline

CAIB 1

This module focuses primarily on general insurance covering items such as habitational coverages, personal liability, farming, personal auto, and travel. This module also provides and overview of the industry, emphasizes professionalism, and the role of a broker.

CAIB 2

The CAIB 2 module introduces students into the world of commercial insurance, crime insurance, and business interruption products.

CAIB 3

The CAIB 3 module covers commercial general liability, marine and aviation insurance, risk management and commercial automobile.

CAIB 4

The CAIB 4 module covers items for those seeking to proceed to management positions within a brokerage focusing on leadership and supervisory functions. Topics include the principles of management, broker-carrier relations and human resources.

CAIB TEXTBOOKS 

IBANS sells the course and textbooks separately for all licensing courses. 

If a student is not purchasing a textbook they must ensure that they are studying from the correct version for each module. 

  • CAIB 1 - 2011
  • CAIB 2 - 2010
  • CAIB 3 - 2013
  • CAIB 4 - 2012

Textbooks

Once students register for a course, additional study resources are available by logging in and selecting  My Courses.

Students taking either CAIB or FOI should strongly consider purchasing a Glossary of Insurance Terms  (version 2006). This is not linked to any specific course but an additional resource for students.

 

CAIB Study Method Options

SELF-STUDY

Students learn at their own pace managing their individual studies using the educational materials provided until they feel prepared to challenge the exam.

Cost: There is no fee to register

Exam sold separately

CAIB WEBINARS (Evening)

IBANS will offer interactive webinar opportunities for those wishing to complete CAIB modules on-line.

Webinars are conducted:

  • for a prescribed number of weeks/nights per week
  • by an approved facilitator.
  • scheduling of each webinar will be dependent on achieving the minimum number of participants required to run the course, with the goal of offering each module at least once within a twelve-month period.

Once students have completed the final session they can challenge the exam.

Exam sold separately

CAIB IMMERSIONS

Students immerse themselves in five full days of intensive classroom study with an approved facilitator. Once students have completed the final session they can challenge the exam. Suspended until further notice due to COVID restrictions.

Exam sold separately

 

CAIB Exams

With the introduction of online exams the Association will no longer be including this item in the cost of the course. Exams must be purchased separately.

All exams for CAIB are conducted online and require a proctor. Exams are taken through a third party provider, CAPTUS PRESS and students must register and pay this before writing. Access is from the My Course area of each students profile page.

Please visit our Online Exams page for details or our Frequently Asked Questions (FAQ) page before registering to take your exam.

  • All CAIB exams (modules 1-4) are 3.5 hours and marks will be posted to each students profile page within 1-2 weeks after writing. The pass mark is 60%.

Cost: $355 +HST (Member and Non-member)

When students successfully complete ALL four CAIB modules they are required to submit an

Intent to Graduate form

NOTE: IBAC does not accept other insurance courses as credit towards completion of the CAIB designation.

Students must notify the Office of the Superintendent of Insurance when they  successfully complete CAIB modules that will affect their license level.