Q1: What programs and courses are offered at the Insurance Institute of Barbados?
A: We offer the Certificate of Proficiency (COP) course. This course is required for those who want to sell general insurance as a broker, agent, sub-agent or salesman. Companies that sell general insurance may also require the COP as a condition of work. We also offer a programme called the Barbados Diploma in Insurance, an accredited programme. Visit our Programme and Admissions page the Website.
Q2: What are the eligibility criteria for admission?
A: Eligibility criteria vary depending on the program.
For the Barbados Diploma in Insurance (BDI) programme, students need to have completed the Certificate of Proficiency and one of five (5) other requirements that are noted in the handbook on the website.
For the Certificate of Proficiency (COP), the student must possess a minimum qualification of CXC English at a grade 3 (after 1998) or equivalent. If the student does not have this or any other qualifications, they will have to complete the English for Academic Purposes course offered by the IIB.
Q3: How do I apply for admission?
A: Applications can be submitted online through our official website, under the ‘Programmes and Admissions’ page. You will be redirected to the IIB’s Student Portal where you will complete the profile portion using a personal email address as your login. Then you will need to go back into the portal and select your course(s) as well as upload your academic transcripts or any other necessary documentation.
Q4: When is the application deadline?
A: Application deadlines vary by semester. Please check our admissions page for specific deadlines and application periods.
Q5: How much are the tuition fees?
A: Tuition fees vary by course. Detailed fee structures are available on the Admissions page.
Q6: What is the duration of the programs?
A: The duration of our programs varies.
The COP takes three (3) months and classes are twice a week.
The BDI courses are also (3) months and classes and once a week.
Q7: Is there a recommended order in which to take the courses?
A: Yes, we recommend starting with the COP, which is offered in April and September annually, before moving on to more advanced or specialised topics. This ensures you have the core knowledge needed to get the most out of the later courses. There are courses to be completed in a specified order under the BDI. The Admissions page has more information.
Q8: What is the focus of the curriculum?
A: Our curriculum is designed to provide both theoretical knowledge and practical skills. Courses cover topics such as insurance law, risk assessment, underwriting practices, and claims management. We also emphasise case studies.
Q9: Can I study online?
A: Yes, we offer hybrid learning options where students may come to classes online or physically at our location.
Q10: Can I study part-time or full-time?
A: All of our courses are offered in the evening giving flexibility to those who work during the day. We do not have a full-time programme.
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Q11: Is financial aid available?
A: We do not offer financial aid but we do allow self-paying students additional time to pay all necessary fees. Unpaid fees may disallow a student from sitting exams.
Q12: How can I get in touch with the admissions office?
A: You can contact our admissions office via phone, email, or by visiting our office. All contact information is available on our official website under the "Contact Us" section.
Q13: What documents are required for the application?
A: Commonly required documents include academic transcripts, proof of identity and proof of English proficiency, e.g. CXC (if applicable).
Q14: Can international students apply?
A: Yes, we welcome applications from international students. International students are to provide additional documentation including photo IDs (passport preferred) as well as references. They must also provide proof of English language proficiency. If you are an international student, please ask for the International Handbook,
Q15: How are exams and assessments conducted?
A: Exams and assessments vary by programme but generally include a mix of written exams and practical assignments/case studies. Refer to handbook on what happens if you miss exams or fail to submit assignments.
Q16: What is the grading system used?
A: Our grading system typically follows a standard scale, with grades ranging from H (honours), A to C and F. Specific grading policies are outlined in the student handbook.
Q17: What is an exemption?
A: An exemption allows a student to skip a specific course or exam if they have already met the learning outcomes through prior education. Exemptions help students avoid repeating content they already know.
Q18: How do I apply for an exemption?
A: To apply for an exemption, you will need to submit a formal request found on the IIB’s website. This includes providing documentation such as academic transcripts, course syllabi, and details of professional certifications.
Q19: Are there fees associated with applying for an exemption?
A: Yes, the IIB charges a fee for exemptions. Please check the forms page on the website which will provide more information.
Q20: Can I apply for exemptions after enrolling in a program?
A: Yes, you can apply for exemptions after enrolment, but it is recommended to submit your exemption request as early as possible, ideally during the admissions process, to ensure your results report can be adjusted accordingly.
Q21: How long does it take to process an exemption request?
A: Processing times can vary, but it typically takes 2-4 weeks for the office to submit the request to the relevant committee to review your application and make a decision. You will be notified of the outcome via email.
Q22: What happens if my exemption request is denied?
A: If your exemption request is denied, you will be required to complete the course or exam as part of your programme. The decision is typically final, but you may seek clarification or appeal the decision through the appropriate channels if you believe there was an oversight.
Q23: How to apply for proof of qualification?
A: if you require a transcript or a copy of your certificate, complete the form on the IIB’s website on the Forms page. If you only require a letter proving completion, email the IIB at studentaffairs@iab-org.com.
Q24: Is the Insurance Institute accredited?
A: Yes, our BDI programme is accredited by the relevant national accreditation body, the Barbados Accreditation Council. Accreditation ensures that our curriculum meets educational standards and is recognised by employers and professional organisations.
Q25: Are the qualifications recognised internationally?
A: Yes, our qualifications are recognised by the Chartered Insurance Institute and the Insurance Institute of Canada where students can gain prior learning credit from completing our courses.
Q26: Does the IIB have partnerships with insurance companies?
A: Yes, we have strong relationships with the industry organisations, many of whom are corporate members.
Q27: Do you offer continuing education for insurance professionals?
A: Yes, we offer a variety of continuing education programmes, workshops, and seminars to help professionals stay current with industry trends, regulatory changes, and new technologies. Many of these courses are available online for convenience.
Q28: What technology and resources are available to students?
A: Our classroom is equipped with online learning platforms.
Q29: How do online courses work?
A: Our online courses are delivered through a user-friendly learning management system. You can access lectures, assignments, and discussions at your convenience. There are also opportunities for live interaction with instructors and peers through virtual classes.