The Insurance Institute of Canada is governed by a Board of Governors that meet once annually to receive reports, address policy issues and approve finances for the organization. It is comprised of executives from major insurance employers across Canada, together with representatives of local Institute councils.
The Executive Committee is the senior decision-making body within the Board of Governors. It also oversees its four sub-committees (Finance, Nominations, Pension and Compensation).
Board of Governors
The board members are elected to represent members of local institutes and chapters as well as the senior industry leadership.
The Insurance Institute has many different councils. Two advisory councils—the Academic Council and Professionals’ Council—report into the Executive Committee and the Board of Governors. Additionally, each local institute and chapter has their own council.
The Insurance Institute of Canada’s By-laws are changing in response to the introduction of the new Canada Not-for-Profit Corporations Act (CNCA).