ILScorp Blog
The latest and greatest info from ILScorp!The Future of Group Benefits: 5 Trends You Need to Know
In a workplace transformed by remote work, rising health concerns, and a growing demand for flexibility, group benefits have emerged as more than just a checkbox on an HR form—they’re a strategic advantage.
Facing the Flames: How Canada’s 2025 Wildfire Season Underscores the Urgent Need for Resilience
New Course: Inferno Insights – Understanding Wildfires
In response to the escalating wildfire crisis, ILScorp has launched a vital online course: Inferno Insights – Understanding Wildfires. This training is designed for insurance brokers, adjusters, and professionals in wildfire-prone industries who need actionable knowledge to protect people, property, and communities.
Auto Insurance Changes in Alberta
The increasing cost of repairs, parts shortages and rising auto thefts are all driving up insurance rates across Canada. But the single biggest reason for the increase in rates in Alberta is the increasing costs of personal injury claims.
Proud to be 100% Canadian owned and operated
ILScorp: 100% Canadian, 100% Committed
At ILScorp, being Canadian isn’t just a label – it’s part of our identity. From our headquarters in beautiful British Columbia to our team of dedicated professionals, we are proudly 100% Canadian. Our commitment to serving the Canadian insurance and financial services industry runs deep, supporting thousands of brokerages and licensees from coast to coast.
What is the CAIB Program?
Achieve Your CAIB Designation with ILScorp: Your Path to Success
The Canadian Accredited Insurance Broker (CAIB) designation is a prestigious certification that elevates your expertise and credibility in the insurance industry. Whether you’re just starting in the field or looking to advance your career, earning your CAIB designation can open doors to new opportunities and greater professional success. But how can you efficiently prepare for the CAIB exams while balancing your work and personal commitments?
Life vs General
Understanding the difference between a Life/A&S Insurance License and a General Insurance License is crucial for anyone entering the Canadian insurance industry. This article breaks down their distinct roles, regulatory requirements, and continuing education (CE) obligations, helping you choose the right path for your career.
A&S Courses
Looking for A&S accredited CE Courses?
Our continuing education courses for Accident and Sickness Credits are available to all ILScorp Life/A&S CE Subscription Subscribers. We currently have over 35 course titles accredited in numerous provinces. See the complete list below and search for any of these course titles when logged into your e-learning account.
Common Delays That May Impact a Smooth Renewal in May 2024
FROM THE INSURANCE COUNCIL OF MANITOBA
Renewal will be open in May, and the ICM will advise all licence holders via email when they may proceed with their renewal application.
Renewal 2023 showed that 455 renewal applications were flagged for manual review by the ICM. Of the 455 applications, 218 required review due to a disclosure of an additional occupation that was not previously reported to the ICM. This delayed the renewal of their licences, and in some instances, delayed their ability to renew prior to the deadline of May 31.
ChAD PDU Deadline Changed
Here are the key points to remember:
Elimination of the grace period and the reference period ends on March 31 of an even-numbered year.
The current reference period (2022-2023) is extended to March 31, 2024. Hence, it has an exceptional duration of 27 months. As of April 1, 2024, reference periods will begin on April 1 in an even-numbered year rather than January 1 and are to last 24 months (for example, the following reference period will run from April 1, 2024, to March 31, 2026).