Chartered Insurance Professional (CIP)
The Chartered Insurance Professional (CIP) designation is bestowed upon members accepted into the professional—and internationally recognized in America, the United Kingdom, and Ireland—association the CIP Society, a subsidiary of the Insurance Institute who, through their accreditation process, maintain the professional standards of the discipline. They have chapters in eleven provinces and territories
The Insurance Institute is an organization, founded in 1998, that launched a mentorship program in 2013 for aspiring students and workers interested in improving their skills. They are actively engaged with their professional community through their educational, mentorship initiative that allows CIP members to impart their knowledge to others and add to the global insurance community. They even helped found the international insurance educational institute Institute for Global Insurance Education.
The designation is accessible to both students wishing to study in-class and at a distance. With chapters located all over Canada, their courses are accessible to Canadians everywhere. They even offer distance learning online for people who do not want to attend classes in a classroom environment. According to their program syllabus, the program requires that students take 10 courses: 5 core courses, 3 professional courses, and 2 electives. It additionally shows that the 3 professional courses can be chosen out of 9 optional courses, and the 2 electives can be chosen from 27 optional courses. According to their program brochure, each course costs between CAD 700 to 800. So, the total, approximate cost would be CAD 7000 to undertake this designation. For aspiring members, it should take approximately three semesters, or a year, to complete.
This designation provides members with the skills and knowledge they need to help them progress and contribute to their field. According to their membership benefits page, They offer training, seminars, and networking opportunities.