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What is the highest designation in insurance?
This is the premier designation of the insurance industry. This insurance designation is often regarded as the “CPA of the insurance industry” and is only held by about 4% of the industry.
How important is a CPCU?
If you want to fast-track your career, obtaining your CPCU is one of the best ways to do it. On average, CPCUs earn 29% more than their peers who haven't received the certification. And most see an increase in opportunities and job promotions thanks to receiving their CPCU.
Which CPCU exam is the hardest?
The numbers don't lie; the CPCU® 540 exam is the largest in terms of content and is by far the most math intensive of all the CPCU® exams. This exam will test your will to complete the CPCU®; many students get stuck on the CPCU® 540 and give up after failing a couple of times.
How many people are CPCU?
Held by fewer than 65,000 people (less than 4% of the insurance industry), the CPCU designation is the most distinguished designation offered by The Institutes for underwriters and risk management in the insurance industry.
What is the best certification for insurance?
- AINS. The Associate in General Insurance (AINS)® is administered by The Institutes. …
- CIC. The National Alliance offers the Certified Insurance Counselor (CIC)® designation. …
- CPCU. …
- CRM. …
- CWCA. …
- AAI. …
- CISR.
How valuable is a CPCU?
Only 4% of the industry has received their CPCU, so having the certification will help you stand out from other agents and brokers. Many people pursue their CPCU once they realize it's one of the best ways to advance their careers and earn industry-wide respect.
How many insurance agents are there in the United States?
There are 881,500 licensed agencies and brokers working in the US. 2021 totals show 911,400 life and health insurance agents and 628,600 property/casualty insurance agents.