Chartered Insurance Professional

What Does Chartered Insurance Professional Mean?

A Chartered Insurance Professional (CIP) is a property and casualty insurance specialist who has earned the necessary qualifications from the Insurance Institute of Canada. To become a CIP, an individual must pass a series of 10 exams administered by the Insurance Institute of Canada.

Insuranceopedia Explains Chartered Insurance Professional

Becoming a Chartered Insurance Professional (CIP) increases credibility and earning potential in the Canadian insurance industry. As with many other fields, higher qualifications typically lead to higher compensation. To maintain the CIP status, professionals must pay an annual fee. CIPs often earn salaries that are one and a half times greater than those of insurance agents who do not hold the same certification.