5 Things to Know About Education & Training

In North America and Europe, there are more than 210 insurance and insurance-related professional designations that are available for property/casualty, life, health, benefits, actuarial and other financial services employees.

More than 69,000 professionals currently hold the Chartered Property Casualty Underwriter (CPCU) designation. The CPCU Society, an organization for CPCU designees, has 140 chapters and has members in more than 40 countries including Germany, China, Brazil and Zambia.

More than 31,000 professionals hold the Certified Insurance Counselor (CIC) designation while 18,000 professionals have the Certified Risk Manager (CRM) designation. More than 27,000 professionals earned the Certified Insurance Service Representative (CISR) designation. Some 600 have the Certified School Risk Manager (CSRM) designation.

The Independent Insurance Agents & Brokers of America and Reagan Consulting’s 2012 Best Practices study says insurance agencies usually spend between 0.2 percent and 0.6 percent of their net revenues on education and training, including registration fees, materials and in-house training programs.

U.S. News & World Report’s 2013 “America’s Best Colleges” ranking says University of Pennsylvania offers the best undergraduate insurance program. University of Georgia and University of Wisconsin-Madison came in second, followed by Georgia State University, University of Texas-Austin, New York University, Temple University, Florida State University, University of South Carolina and St. Joseph’s University.

Topics Education Training Development Universities