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The Insurance Brokers Association of Ontario (IBAO) and the Insurance Brokers Association of Canada (IBAC) have announced that the exams for their Canadian Accredited Insurance Broker program will move online starting December 05.
“We often encourage brokers to evolve and integrate modern technology to advance their customer experience and we’re doing the same for the services we offer to them,” said IBAO CEO Colin Simpson.
CAIB is a four-part national program designed to increase brokers’ technical knowledge and business competence in personal and commercial lines. The CAIB designation is currently held by over 2,340 Ontario brokers. Online CAIB Exams will serve all 1,000+ Ontario brokers who participate in a CAIB course annually.
According to the IBAO, the online exams deliver a much better streamlined experience in contrast to the highly manual, expensive, and time-consuming process of the current tests. The project is part of a larger IBAC initiative to provide other provincial associations the opportunity to leverage the online platform the IBAO has created for brokers across Canada.
“This is an exciting and important step forward for the CAIB program. Bringing CAIB exams online will benefit every broker looking to further their broker education in Ontario and eventually across the country,” said Peter Braid, IBAC CEO.
