Insurance Licensing in Canada
The Insurance Institutes, at both the national and local level, work closely with provincial and territorial regulators to align our education options to help you obtain your licence - regardless of where you live and what career path you follow.
In order to understand the licensing requirements for careers in insurance, it’s useful to know a few basic facts about how insurance is regulated in Canada. Insurance is regulated at both the federal and provincial level in this country. The federal regulator is called the Office of the Superintendent of Financial Institutions Canada (OSFI). This level of regulation is primarily focused on ensuring the financial stability of insurance companies. The federal regulations do not deal directly with licensing of individuals, however, as this is handled at the provincial level. Each province and territory has its own insurance regulator. These regulators determine which insurance roles require a licence. Licence requirements for individuals typically include a course or a program of study followed by one or more examinations. The examinations may be offered by an education organization and/or the regulator depending on the local regulations.