Know More About Canada Insurance Certification

0
198

Insurance is a way of financial security to aid the losses. The insurance industry is a vast marketplace where agents help people with capital to better their financial situation during or after a loss. The agents, to do so, must possess a certificate. If you are looking for insurance certification in Canada, the options are massive. Having insurance allows individuals to take more risks and make losses more manageable. The demand for insurance is enormous, and people are looking for certified and licensed agencies or individual agents. If you intend to make a career in the insurance sector in Canada, it is essential to get certified.

The market size of the insurance industry in Canada will be $ 81.1 bn in 2022. The industry is registered to grow at a CAGR of around 3% from 2022 to 2027. There is much scope and nothing to hesitate if you intend to make a career out of it.

Few certification courses in Canada

If you want an insurance license in Canada, you can do it in three simple steps.

  • Study for the course
  • Pass the licensing exam
  • Find an employer sponsor to help you with the rest of your paperwork.

Here are a few curricula that will help you get insurance certification in Canada.

CAIB 1 Exam Prep Course/Fundamentals of Insurance

This course will help you get a license without prior experience. Even if you are not fluent in English or you need to improve at studying, you still stand a chance at making a career in the insurance industry. The new broker can succeed in the Fundamental of Insurance exam, and the old ones can crack CAIB Level 1 with this course.

RIBO 1 Course

It does not matter whether you want to sell home insurance or a business; a successful career awaits you. The RIBO course will make you capable of passing the RIBO exam. The exam requires dedication and consistency, which will be provided in this course. Even if you have no prior experience, the curriculum will save you and help you become a broker. After completing the course, one can register for the exam with the Insurance Institute of Ontario. You can enroll yourself for around $ 249 for this in Canada.

OTL Exam Prep Course

OTL, or other than life, is an insurance exam essential for an individual to practice as a general insurance agent in Canada. An agent usually works with a single insurer to sell their products. The curriculum has around 91 lessons to prepare you for the exam.

There are more options apart from the courses mentioned above. They include Alberta General Insurance Level 1, General Insurance Continuing Education ( CE Credit ) Bundle, etc. The course you choose will depend on your goals of what you are looking for in the insurance industry. The cost of insurance courses in Canada may range from $ 140 to $ 549 or more.

Conclusion

There are several platforms in Canada providing certification courses. However, choosing the one with a proven track record of successful individuals is vital. Pick someone who teaches in a simple language, has a dedicated tutor and guarantees passing. Some platforms let you study for free if you don’t make it the first time.

The accessibility of online lectures should be on your priority list. It will help you study anywhere you want. There is no match for a platform that offers 24*7 customer support. Studying for an exam may require you to constantly get in touch with a tutor or management. Therefore, choose someone readily available.

LEAVE A REPLY

Please enter your comment!
Please enter your name here