Feb 12, 2017 | News
Why is BC Family Day unique to B.C.?
In 2012, British Columbians were asked when Family Day should fall in February. Following the largest consultation of its kind, British Columbians cast more than 31,000 votes, with the majority saying their preference was for B.C. to have its own unique day on the second Monday in February.
This year, Family Day in BC is on Monday, February 13, 2015.
BC Government is partnering with the BC Recreation and Parks Association to bring family friendly events to communities across BC. There are also lots of independent events taking place all over BC like skiing, festivals and entertainment. You can find events in your area here.
The ILScorp offices will be closed Monday, Feb. 13 as we take some time to enjoy the long weekend. We’ll be back Tuesday morning, ready to take your calls, answer your questions and register you for online insurance programs. You can reach us from 8 a.m. – 5 p.m. Pacific Time.
You can also register for our insurance training programs online, anytime, at ILScorp.com
And for subscribers to the ILSTV insurance industry newsletter, your daily dose of Canadian insurance news returns to your inbox on Wednesday, Feb 15th.
Stay up to date by liking us on Facebook or following @ilstv for insurance news and more on twitter.
*ILScorp’s office will be open on Monday, Feb. 20, which is a statutory holiday in many other provinces.*
Have a great long weekend, everyone!
Jan 24, 2017 | News
Press Release:
MISSISSAUGA, ON, Jan. 23, 2017
Starting in the spring of 2017, triOS College Business Technology Healthcare will be introducing a new Insurance diploma program and an Insurance Specialist diploma program.
This program is designed to address the huge need for individuals to replace a retiring workforce in the insurance industry, with a sole focus on property and casualty insurance. Graduates of this program will be able to pursue positions at insurance brokers, who play a key role in the communication between the carriers that provide insurance and the public who require it.
“Companies need people who have the specific skills that belong to their industry,” says Frank Gerencser, CEO of triOS Corporation. “The goal of this program is to give students all the insurance specific skills that they need, as well as the workplace expertise that will help them succeed.”
To create this program, triOS looked to industry leaders ILScorp, the largest online insurance training provider for the P&C industry in Canada. Under Ken MacRae, President and CEO of ILScorp, triOS Corporation has licensed their curriculum to embed it within their programs, ensuring that students obtain the highest standard training possible.
“There is a growing need in the insurance brokerage industry for new talent” says Ken MacRae, President and CEO of ILS Learning Corporation. “We are excited to partner with triOS to provide the training necessary for individuals to meet their provincial licensing requirements which enables them to access these exciting insurance career opportunities.”
This program includes a 2-month internship and preparation for the Registered Insurance Brokers of Ontario (RIBO) examination that will prepare graduates with the real-world experience they need for a career in the insurance industry.
Students interested in the new program are encouraged to contact triOS to schedule a free career training counselling session. International students who have previous education in insurance, and are looking to gain accreditation in Canada, are urged to contact the triOS Admissions Support Centre – International Department for more information on how to apply.
Dec 12, 2016 | News
ILScorp Offices Closed During Holiday Season 2016
This year we will be closed for the Christmas and Holiday season from December 26, 2016 until January 3, 2017.
During this period our live customer service representatives will be enjoying a well deserved holiday and our phone lines will automatically go to voicemail. Kindly leave us a message or better yet please send in tickets to info@ilscorp.com where your requests will be attended to as soon as possible upon our opening date on Tuesday January 3, 2017.
We invite you to place your orders well in advance in order to ensure we can assist you and you have a Happy Holiday Season too! During the ILScorp office closure all courses and subscriptions are available to purchase online via credit card.
Please note we will not be scheduling any licensing exams during the closure.
Just for good measure, here are some of our most commonly asked questions:
How do I retrieve my username and password for my insurance courses?
If you have forgotten your username or password simply:
- Go to www.ilscorp.com
- Click on ‘Forgot Password?’ under the log-in boxes
- Enter your email that we currently have on file for you
- If this method is unsuccessful, call our customer service reps at 1-800-404-2211 and we will assist you.
I’ve logged in and all I see is ‘No Courses Found’.
Why can’t I see my courses?
ILScorp courses are available for a specific amount of time from the date of purchase; your course(s) subscription may have expired. CE course subscriptions and individual courses are available for 6 months from the date of purchase, with unlimited amount of access. If you log into your ILScorp profile and do not see any courses listed under the “My Courses” tab, you can renew / purchase your course subscription from the ILScorp Course Catalog, or by choosing your subscription category here. Once your purchase is complete, you will have immediate access to your courses.
How do I register for more online insurance courses?
To renew your subscription or register for a licensing course simply:
- Go to www.ilscorp.com
- Do not log in – find the course you wish to take off the homepage and click ‘Buy Now’
- If you are a returning user – enter your current username/password – click ‘Sign In’ (Do not make a new account)
- If you are a new user – create a new account and fill in all applicable information – click ‘Submit Information’
- Enter your credit card information as it appears on your billing statement
Visit or FAQ page to see more. HAPPY HOLIDAYS!! See you in 2017.
ILScorp FAQs
Nov 14, 2016 | News
Your pathway to success begins with the ILS Level 1 General Insurance Licensing Program.
With just 80 -120 hours of self study time, you can obtain your Level 1 General Insurance License and begin your new career as a general insurance agent.
The ILS L1 Program has everything you need in one package to successfully pass your Level 1 General Insurance Licensing exam in BC, Saskatchewan and Manitoba
Level 1 General Insurance Licensing Exam Program includes:
- L1 General & Adjuster Insurance Licensing online course – 13 Chapters
- L1 Textbook hardcopy – 13 Chapters
- L1 Workbook hardcopy – over 650 quiz questions
- L1 Workbook Answer Key
- L1 Flashcards– over 100 exam type mobile questions
- L1 General Insurance Licensing Practice Exam
- L1 General Insurance Licensing Final Exam
Access duration of 3 months – recommended study time of 80 – 120 hours
The ILS Level 1 General Insurance Licensing Final Exam is composed of 200 True or False questions.
To pass, you must achieve a mark of at least 80%.
Prepare well and study hard
The foundation of your ILS L1 Program is the online video course, hardcopy textbook, and workbook, each organized into easy to manage chapters. Utilizing all three learning elements enables you to listen to the content as it is narrated in the video course, follow along in your textbook, and enforce your knowledge retention by answering questions on key concepts in your workbook. With the ILS L1 Program all forms and coverages are current, key concepts are expressed using real life scenarios and examples, end of chapter quizzes can be taken as many times as you wish, and the workbook has over 650 exam type true or false questions along with answer keys. Concentrate on one chapter at a time. Read through the chapter to get a general understanding of the material and then return to the material and review all key learning concepts. We recommend spending enough time to master the key concepts of each chapter before moving forward. Use your ILS Level 1 Flash Cards to help identify exam-like questions.
Nominate a Proctor for your Final Exam
Once you have completed the course and you are confident you have mastered the materials covered, call ILScorp at 1-800-404-2211 or go to the Level 1 Exam Process to begin your final exam procedures. All exam details including exam proctor information is available here: Level 1 Exam Process
Your Level 1 General Insurance Certificate
Once you have successfully passed your ILS Level 1 exam you will receive a certificate of completion from ILScorp. Print your certificate then apply to Council for your license. Your provincial Insurance Council requires the certificate as part of your Level 1 license application.
MORE INFO ON LEVEL 1
Nov 1, 2016 | News
An Independent Insurance Adjuster is an independent professional typically retained as a representative of the insurance company, but is not an employee of the insurance company.
An Independent Insurance Adjuster is responsible for:
- Investigating a claim
- Reviewing the terms of an insurance policy with the claimant
- Negotiating settlements
- Providing an explanation of the claims process and communicating progress of the claim to the claimant
- Requesting payments from the insurance company
In Manitoba, Independent Insurance Adjusters are licensed and regulated by the Insurance Council of Manitoba, and are required to:
- Meet licensing standards
- Maintain errors and omissions coverage, and
- Meet continuing education requirements
Independent Insurance Adjusters operate under the requirements of the Insurance Act of Manitoba and its Regulations, the Insurance Adjuster Licensing Rules and the Insurance Adjuster Code of Conduct.
COMMONLY ASKED QUESTIONS
The following are some commonly asked questions of Independent Adjusters with respect to their role in the claims process:
Why am I dealing with an adjuster and not the broker who arranged my policy?
The adjuster is a specialist in the claims process, and acts as the representative of the insurance company.
Will an adjuster help me get quotes on the work to be done?
The adjuster will provide you with guidance in obtaining quotes.
How many quotes are required?
This may vary depending on the requirements of the insurance company. Your adjuster will let you know how many quotes the insurance company will require.
Can I use my own supplier to do the work?
In many cases, this is an option. Your adjuster will be able to assist you with this information.
Will the adjuster help to ensure the repairs are done correctly?
After the value of the loss has been determined by the adjuster, it is up to you to ensure that work is done correctly and in accordance with all applicable codes and bylaws.
Will any payment be sent to me directly or to another party?
There are many variables that determine to whom the payment will be issued, including who has a financial interest in the property (i.e. mortgage, liens, ownership). The insurance company will make this determination, however the adjuster will assist you in communicating any request that you may have.
Will the adjuster visit the site to determine if the work is complete?
A site visit may be warranted but is not always required to complete the claim
If I do not agree with the adjuster’s determination of value or scope of work, what do I do?
You may wish to also consult your own experts for another opinion, and provide this information to the adjuster.
How long do I have to process my claim?
It is very important that you have clear and specific information concerning any and all time lines associated with your claim and your policy. The timelines for the processing of your claim are determined by the terms of your policy and requirements outlined in the Insurance Act of Manitoba. Your adjuster should outline these timelines for you.
Statement Taking and Investigations Online Course for Adjusters
SOURCE: Insurance Council of Manitoba – Working with your Adjuster – http://www.icm.mb.ca/working-adjuster
Oct 27, 2016 | News
Insurance fraud continues to be a major issue. It impacts every insurance company and virtually every customer as insurers increase premiums to offset fraud losses. The general consensus is that suspicious activity is increasing and the tactics used by fraudsters are more sophisticated.
So what constitutes insurance fraud? Insurance fraud happens when an individual or a group of persons deceives an insurance provider to get some money. They do this with full knowledge of the act and can be very resourceful when fabricating or exaggerating a claim.
Because insurance fraud can occur in so many different ways and may involve a wide range of participants, protecting yourself from it needs more than just common sense. You’d have to know the tell-tale signs of insurance scam so that you can proactively avoid falling for it.
Intro to Insurance Fraud Online Course
Trick No. 1: They follow global market trends.
Like any smart businessmen, insurance fraudsters are always alert to trends. Are the nouveau riche in China thirsting for luxury cars? No problem; organized fraud rings have built a veritable pipeline to the Asian black market.
Trick No. 2: They take advantage of the vulnerable.
Whether it’s disaster-stricken homeowners desperate to put their world right again or immigrants unclear on the ways of insurance, fraudsters prey on the vulnerable. Scammers also love to take advantage of people who’ve been hit with a natural disaster. Unlicensed and incompetent contractors descend on catastrophe-devastated areas and lure traumatized homeowners into signing contracts.
Trick No. 3: They make it happen on paper.
Emulating white-collar criminals, many staged-accident fraud rings bypass the dangers of “real” fake accidents altogether and instead make everything happen on paper, with fake passengers, fake injuries and fake treatment. Simply inventing medical treatment records of imaginary crashes increases the crook’s control and lessens the likelihood of being busted.
Statement Taking & Investigations Online Course
Emerging Insurance Fraud Trends
Fraudsters are highly adaptive and continually change tactics, strategies and even modes of operation.
In past years, most schemes seemed focused on false auto thefts and property arsons. Fraud schemes today have shifted much more to bodily injuries and suspicious activities by medical providers. Workers compensation and auto insurance most notably have seen these changes in tactics. In response, insurers increasingly are adopting advanced analytics to counter the changing nature of fraudulent activity.
One growing challenge is rising point-of-sale or underwriting fraud to illicitly reduce premiums.
Fraudsters can test system thresholds by filing many different applications online and manipulating rates by changing rating factors to reduce premium. In addition, analysis suggests that a significant amount of claims fraud is perpetrated through illegally obtained policies. By shifting from a reactive to a more-proactive posture, insurers are reducing fraud at policy inception, and are denying rate evaders a chance to file false claims once the ill-gotten policy is in force.
Cyber fraud is another emerging threat insurers are facing. Insurers collect a large amount of personal information that identity thieves aggressively seek. The number of companies reporting attacks has increased significantly since 2012. Yet, only 14 percent of insurers now employ technology to prevent cyber fraud, according to the current survey. That number is expected to significantly rise in the next few years
Cyber Risks For Insurance Professionals Online Course
SOURCE: http://www.insurancefraud.org
SOURCE: http://www.sas.com
