The Insurance Brokers Association of B.C. is the main trade association for P&C insurance brokerages in the province.
IBABC members receive:
- tangible savings in the benefits and privileges made possible through their combined buying clout
- high-quality education programs developed by and for brokers, at preferred pricing
- timely communications and information on changes and emerging trends
- public-affairs advocacy that maintains consumer protections and industry viability
- image-building programs that help consumers understand and appreciate the broker value proposition
- resources to make their operations more efficient and prosperous
- networking opportunities with other colleagues and industry stakeholders
- connection with colleagues across Canada through membership in the Insurance Brokers Association of Canada, and resultant economies of scale in education, advertising and advocacy.
IBABC Membership Application Form
The IBABC Group Insurance Program underwritten by Equitable Health and managed by Parity Agencies includes employee benefits, disability, and life insurance.
Kevin Steegstra, 1-800-704-8656
Errors & Omissions Insurance is now mandatory for insurance brokerages. IBABC and its fellow members of the Insurance Brokers of Canada offer a highly competitive package to members, underwritten by Swiss Re and managed by Metrix Professional Insurance Brokers.
Dave Anderson, 604-683-5583
Banking Program developed by BMO Bank of Montreal in consultation with the brokerage industry.
Since the late 1990s, BMO Bank of Montreal has been providing customized financing solutions to Property & Casualty Brokerages across Canada. Whether you are an established owner of a successful brokerage or about to acquire your first brokerage, our commercial financial experts can deliver the financial solutions that you need. We have a dedicated Property & Casualty Brokerage team that focuses on the specific requirements of businesses like yours. Click here for an overview of the financing BMO has to offer.
Colin Clahane, North American Director – Insurance Initiatives Lead-Industry Sectors: 416-867-4702
Moneris Solutions and IBABC are pleased to introduce preferred card payment processing rates for members. With this program you receive:
- Competitive rates on credit and debit card transactions
- Deposit flexibly
- The latest POS technology
- 24 service and support
Merchant Direct Enhancements - Moneris Merchants using Merchant Direct can now able to manage their Retrieval and Chargeback cases more effectively and efficiently.
Please contact Jennifer Lipke for more details, 604-606-8002
Member brokers gain automatic membership to CSIO. CSIO delivers leading-edge technology standards and solutions to improve the competitiveness of the broker channel for the benefit of all CSIO members.
Please contact Sarina Visram for more details, 800-463-2746
Stage2Data offers members exclusive products and pricing on data backup and recovery.
Please contact Don Purchase for more details, 855-430-0866 ext 3360.
These suppliers provide products and services that meet the specific needs of the P&C insurance brokerage industry:
Pre-Hire Behavioral Assessments from Omnia Behavioral Assessments helps companies of any size, determine if a candidate is the right fit for the position. Specific to the insurance industry, Omnia Behavioural Assessments provides an easy-to-complete online assessment which measures preferred workplace behavior and provides valuable information for hiring.
Pre-employment background checks are available from BackCheck. Members can obtain their own criminal record check for licensing purposes at a reduced rate.
Iain Murray, 604-455-5614, www.sterlingbackcheck.ca
A Compensation Survey, with important compensation data for 18 typical brokerage positions, updated to 2021 by Western Compensation & Benefits Consultants, is now available Click for order form.
Stay at any of the Coast Hotels & Resorts locations in Canada and Western US at the IBABC's member rate.
The Sun Peaks Grand in Kamloops extends a 15% discount for IBABC members.
Travel services - Book your flights through FCm Travel Solutions, the corporate division of Flight Centre, and receive low booking fees and a dedicated account manager.
Car rentals - Zipcars are waiting at several locations throughout the City of Vancouver; just pay a low hourly rate to use them. Register with Zipcar and get a Zipcard. Then reserve your car online or by phone. Your Zipcard unlocks the car. Away you go. For IBABC members, the $75 account set-up charge and the first year's annual $30 fee are waived, plus you get a preferred rate for rentals - as low as $8.25 per hour.
To access these benefits, contact Jennifer Lipke, IBABC, 604-606-8002.
Broker Finder - makes it easy for web browsers to find the IBABC member nearest to them.
Job Board - has the largest concentration of jobs in B.C.'s P&C insurance brokerage industry, and is available to IBABC members only, and it's where IBABC members look first for candidates.
Scholarships - Young scholars with a connection to IBABC or the insurance industry may be eligible for one of several scholarships administered by IBABC.
Compensation Survey - Every few years IBABC members have the opportunity to participate in a Compensation Survey, and receive important compensation data for 18 typical brokerage positions.
Membership in the Insurance Brokers Association of B.C. is voluntary. Member brokerages must hold a valid "other than life" licence to transact general insurance issued by the Insurance Council of B.C. Eligibility for membership categories - full member, affiliate, associate and so on - is determined by the degree of control of the brokerage by shareholders and whether or not those shareholders are financial institutions. Only brokerages and their affiliates that have private majority ownership can be full, voting members of IBABC.
Non-brokerage firms may avail themselves of some member benefits by becoming an IBABC Affinity Partner. This is ideal for businesses allied with the insurance industry that wish to receive BC Broker magazine, access education programs at member rates and enjoy networking opportunities at IBABC events.
Board of Directors - are representatives of the members, elected to develop and oversee the implementation of policy necessary to safeguard and advance the interests of the organization. IBABC's Bylaws allow for two directors from each of the five geographic areas of the province, plus directors at large.
Executive Committee - consists of president, chair (past president), vice-president, treasurer, executive director (chief of staff), and two directors elected by the Board of Directors. The Executive Committee meets monthly, the Board meets quarterly.
Directors and other members participate in committee and task force work to oversee departmental functions and implement strategic goals. The main committees include:
Broker Identity Program - promotes the value of the insurance broker to various publics through advertising, communications, media relations and public relations.
Conference - plans the annual conference, including venue location, hotel group rates, trade show and entertainment.
Education - evaluates existing courses and proposals for new courses; identifies emerging trends and issues, and promotes education programs to the industry and to the public.
Finance - maintains a budget, oversees monthly financial statements.
Membership - promotes membership in the Association, and reviews member services.
Political Action - guards and promotes the interests of the P&C insurance brokerage vocation and consumers of insurance products with all three levels of government.
IBABC has regional representation on its Board of Directors. Area directors work hard on a volunteer basis to stay in touch with fellow members in their region through meetings, email bulletins, social events, golf tournaments, seminars, office visits and phone calls. They bring local issues to quarterly board meetings and report back to members afterward. Area directors also coordinate contact with civic, provincial and federal elected officials and bureaucrats. Please support your area director's efforts to build a strong network in your region. You'll benefit immensely through the sharing of information and by getting to know your colleagues better.
IBABC maintains regular channels of communication with industry stakeholders such as regulators, insurers, allied trades and other business groups.
IBABC is the primary education provider for B.C. general insurance brokers, and the best source of textbooks, courses and exams to meet licensing and designation (CAIB, CPIB, CCIB) requirements. We provide the pre-licensing, licensing courses and Continuing Education seminars that fulfill brokers' mandatory education requirements to maintain their insurance sales licenses. Each year, more than 2,000 insurance professionals and aspiring insurance brokers in more than 40 locations across the province take IBABC courses and examinations. IBABC tracks education credits earned and will provide credit transcripts to licensees free of charge upon request.
IBABC also provides online education through online seminars, webinars and HyperArticlesTM, which allow brokers to continue or upgrade their education at their own time and comfort.
Licensing & Designation Courses - Fundamental of Insurance and the four modules of the Canadian Accredited Insurance Broker program, in classroom or online formats.
Continuing Education - Technical-credit seminars that meet the daily needs of insurance brokers.
Online Education - Learn and study on your own time.
HyperArticles - Start the article in BC Broker magazine, finish it online and earn CE credits.
BC Broker magazine is IBABC's main communications vehicle with its membership. Over 30 years, the BC Broker magazine has grown in stature and reputation and now serves the whole P&C insurance industry in B.C. IBABC members receive a default number of copies of BC Broker based on the number of employees in each office. If you would like more or fewer copies, or would like them addressed to specific people in your office, contact BC Broker editor Trudy Lancelyn at 604-606-8008.
Insurance brokers are key financial advisors to individuals and businesses, offering choice, advice and advocacy. That's the message IBABC and other insurance brokers associations of Canada convey to consumers through national and provincial consumer-awareness campaigns.
IBABC full members and their branches and affiliates can tie in to these campaigns by displaying the Broker Identity Program (BIP) logo. Download the logo and its guidelines for usage, as well as TV ads, videos and other point-of-sale materials. Contact Marina Turchina for password.
IBABC monitors policy issues affecting insurance broker and the insurance-buying public. Our strength is our grass-roots relationship with all three levels of government. That means brokers themselves initiate and maintain direct contact with mayors, MLAs, MPs and senators.
IBABC develops positions and policy briefs on a wide range of issues, and works with government to influence public policy at every opportunity. See Advocacy for a summary of current issues.