Insurance Broker Exam – Caib 1

Caib 1 is the first of four exams you have to pass in order to get your Level 1 insurance broker license. This is the prerequisite to starting a career in the industry and it also leads up to getting your CAIB Designation, which employers value highly.

How many levels are in Ribo?

The CAIB 1 exam is an online 3.5 hour exam consisting of multiple-choice, definition and short answer questions. The passing mark for all CAIB exams is 60%, 1/2 marks are rounded up and any exams that come close but don’t make the cut automatically re-marked. Link : pnclearning.com

Once you pass this exam you are eligible to start a new career as an insurance broker in any province in Canada. The next steps are to pass the CAIB 2 & 3 exams (to gain your Level 2 licence) and the online Council Rules Course to become a Level 3 agent or nominee in British Columbia.

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CAIB Price/Sales ratio is 0.86, which is high compared to its industry peers’ P/S ratios. This suggests that the company is more efficient than its competitors.

CAIB has a high profit margin, which is the result of lower operating expenses. The company also has a low debt to equity ratio, which means that its debt is less risky than its assets. This is a positive sign for the company.