C11

About this course

C11 provides an overview of the insurance landscape in Canada and serves as the initial building block of Chartered Insurance Professional (CIP) studies. If you are looking to start a career in insurance or to complement your work experience with insurance education, this course is ideal.

Areas of interest

1

Explore the concept of risk, and how insurance is a mechanism to transfer risk and benefit society.

2

Examine the key insurance industry functions of selling/distributing insurance, underwriting insurance policies, adjusting losses, and reinsuring risk.

3

Understand the elements needed to form an insurance contract.

4

Delve into the regulation of insurance in Canada, including policy wordings, professional licensing, ethics, and the role of insurance industry organizations.

Topics covered

Introduction to Risk and Insurance
Insurance Categories and Functions
Insurance Companies
Sales and Distribution of Insurance
Regulatory Framework

Insurance as a Contract: The Insurance Policy
Underwriting and Rating: Setting Insurance Rates
Insurance Documents and Processes
Claims
Industry Organizations; the Customer

Who should register

C11 must be one of the first four courses you take in the CIP program, and we highly recommend that you take this foundational course first.

Upcoming classes

Exam

Each CIP course has a final exam worth at least two-thirds of the course grade. The exam can be written online with virtual proctoring or in person at one of our exam centres (subject to availability).

Please note the new C11 exam format (July 2023 onwards):
•  2 hours (120 minutes)
•  100 multiple-choice questions (200 marks)
•  combination of knowledge-based and scenario-based questions

For further information, see:
•  Exam format page
•  C11 exam blueprint, available to registered students in the C11 online resources in our learning management system

Principles and Practice of Insurance