Chartered Insurance Professional: A Guide to Certification and Career Growth
In this world full of uncertainty, insurance provides you with the much-needed peace of mind. But what factors set apart a trusted insurance advisor? Professional credibility can be the answer. That's exactly when a chartered insurance professional comes into the picture.
If you are looking to take a step forward in your insurance career, getting a CIP certification can be a great way to do so. Not only can you expect higher earning potential, but the degree also lets you move up the ladder in your career growth. This guide will help you get all the information related to the Chartered Insurance Professional, how you can earn the certification, and more.
What is a Chartered Insurance Professional?
The certification of chartered insurance professionals is a highly valued course for anyone in the insurance field. It is conducted and offered by the Insurance Institute of Canada (IIC). Although the certificate of chartered insurance professional offered by IIC is primarily for Canadian property and casualty insurance, international students can also be a part of it.
As an Indian, you may pursue the degree through online courses and examinations. It has 10 courses in total, of which five are compulsory to qualify. Getting the certificate can help you enhance your credibility and seek high-paying jobs across the insurance industry. Not just IIC but also III (Insurance Institute of India) also offers a range of insurance certifications that can further build a solid career path for you.
Courses in Chartered Insurance Professional Certification
The chartered insurance professional course conducted by the Insurance Institute of Canada includes 10 courses. Out of these 10, five courses are compulsory. The remaining five can be chosen according to the student's preference. In the mandatory five courses, there are subjects like general principles and practices of insurance, property, types of insurance, automobile insurance, and liability.
The course further offers students to choose one out of three career options available: an agent, an insurance underwriter, or a claims professional. There are four additional courses, and upon completing these, one may also receive the Advanced Chartered Insurance Professional certification.
Why Earn a Chartered Insurance Professional Certification?
What difference can a CIP certification bring to your career path? There's a lot to benefit from. Some of the benefits of a chartered insurance professional certificate are discussed below:
- You can enhance your career opportunities by boosting your professional recognition in the insurance industry
- The course equips students with a deeper understanding of core insurance and its applications
- Having validated and specialised knowledge means an upper hand in the job market
- You get to connect with students across different cities and even countries.
What is the Course Duration for a Chartered Insurance Professional?
As discussed above, the certification of chartered insurance professionals includes 10 courses. So, it may take approximately 2-3 years to complete the course and receive the certificate. The time frame usually depends on the availability of the student and how they choose to finish the course.
Author Bio
Paybima Team
Paybima is an Indian insurance aggregator on a mission to make insurance simple for people. Paybima is the Digital arm of the already established and trusted Mahindra Insurance Brokers Ltd., a reputed name in the insurance broking industry with 21 years of experience. Paybima promises you the easy-to-access online platform to buy insurance policies, and also extend their unrelented assistance with all your policy related queries and services.
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