Founded in 1952 and headquartered in Toronto, the IIC is an umbrella organization of 19 provincial and regional chapters across Canada.
It develops and administers licensing exams, Membership is open to Canadian reinsurers, underwriters, brokers, independent adjusters, and other professionals in related financial services.
They deal with subject areas such as insurance and technical knowledge, business and management, as well as interpersonal and communications skills.
The CIP Program is for those studying to become an insurance broker or agent, underwriter, adjuster or risk manager.
FCIP candidates then took any of these approved courses, which were offered primarily through the continuing education departments of universities.
[9] The current FCIP program includes six courses, developed at a post-degree level, that are tailored specifically to the Canadian p&c sector.
[10] The Institute developed the current FCIP in collaboration with senior industry executives and academics from business schools The virtual program is designed to provide a comprehensive, insurance-focused understanding of strategic leadership and advanced management techniques, leading to the FCIP designation.
The Institute authors annual reports, newsletters, industry surveys and research, instructor exchanges, legal briefs, CIP and FCIP textbooks for its members.
Graduates of Institute programs are obliged to abide by a Code of Ethics designed to maintain professional practice and conduct.
The Institute Board of Governors meets once annually to receive reports, address policy issues and approve finances for the organization.
Normally held the last week of February, special events, seminars and networking opportunities take place within each institute and chapter, often organized with national subscribing companies.