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Answer» What is Insurance Institute of Canada mean? The Insurance Institute of Canada is a not-for-profit organization which provides nationally standardized professional development programs for the insurance industry in Canada. Founded in 1952 and headquartered in Toronto, the IIC is an umbrella organization of 19 provincial and regional chapters across Canada. The institute serves as a professional educator, examining body and publishing house. It develops and administers licensing exams, Membership is open to Canadian reinsurers, underwriters, brokers, independent adjusters, and other professionals in related financial services. The Institute offers two formal designation programs for insurance professionals; the Chartered Insurance Professional (CIP) and the Fellow Chartered Insurance Professional (FCIP). reference
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