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About Insurance Brokers Association of BC
The Insurance Brokers Association of British Columbia (IBABC) is a non-profit trade association that serves as the voice of the general insurance brokerage industry in British Columbia. Here are some key points about IBABC:
- Representation and Membership: IBABC represents over 870 property and casualty insurance brokerages, employing more than 8,400 people across approximately 140 communities in B.C.[2]. These brokerages are the primary distributors of insurance products and services in the province[1][2].
- Services and Activities:
- Education: IBABC provides pre-licensing and continuing professional education for general insurance brokers in B.C. and is the primary examiner for these courses[2].
- Membership Services: Members benefit from combined buying power and various discounts[2].
- Communications: IBABC keeps members informed through publications like BC Broker magazine and regular bulletins[2].
- Public Affairs: The association represents the interests of its members and the public to government and industry stakeholders[2].
- Advocacy and Policy: IBABC advocates for strong regulatory frameworks to protect consumers and supports the election of Insurance Council of BC members to ensure broader representation[1]. It also promotes professional standards and conduct within the industry[1].
- Structure: The organization is led by a Board of Directors with representatives from different geographic areas of B.C. and an Executive Committee that oversees policy implementation[2].
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