Educators’ Roundtable Edmonton, Alberta March 13, 2019 Catherine Cake, Chair of the General Insurance Council Anthonet Maramieri, Chief Operating Officer @AbCouncil

Agenda Examination History Level 1 Examination Results Equivalencies Update Educators’ Feedback & Consultation Findings Data Validation Initiative Educator Feedback on Validation Other GIC Considerations Roundtable

History – Results and Exam Initiatives December 2017 – Individual consultations with course providers held. Feedback - independent verification of data would offer greater clarity re: student results November 2012 - Regulatory amendments creating a three-level licensing structure came into force May 2015 – GIC struck Curriculum Review Committee. Reviewed content and currency of the general curriculum and insurance examination questions New examinations deployed 2016 and early 2017*. New Executive Summaries and CDDs made available to public April 2014 – New examinations developed. Curriculum Design Document (CDD) revised Level 1 examination material Concurrently, in May 2015 academics and members of the GIC reviewed, revised and approved all questions for each level of general insurance examinations “Educators Roundtable” held, most recently, on February 1, 2017 *General Level 1; January 1, 2016 General Level 2; March 2016 General Level 3 November 2016 (new examinations began March 6, 2017)

History – Results and Exam Initiatives November 9, 2018 – COO telephoned primary course provider contacts, advising that the GIC had chosen to move forward with certification as an initiative Education Committee wound down on June 6, 2018. Initiative was expanded to include the entirety of the GIC to discuss critical issues February 13, 2019 – GIC directed AIC to pursue data verification pilot initiative GIC struck Education Committee on April 4, 2018. Reviewed examination levers and statistics to assist in student learning June 2018 – COO held discussions with education providers to gauge industry opinion regarding certification to write general level 1 qualifying examination November 28, 2018 – Course providers invited to provide feedback via email or otherwise to the proposed initiative (provided as static document, Consultation Feedback)

2015

2016

2017

2018

Equivalencies Q2 2015 – Equivalencies Committee formed by GIC Q4 2015 - GIC approved Equivalencies Q4 2015 - Regulatory amendment submission to GOA, to facilitate equivalencies in Alberta Q1 2016 - CEO and COO met with SOI, Nilam Jetha, to discuss regulatory amendments Q3 2016 – 2017 CEO continued to raise outstanding issue of equivalencies with SOI and Deputy Minister 2017 concluded with no furtherance 2018 concluded with no furtherance

Educators’ Feedback and Consultation Findings Requested better data re: exam performance Data collection info not specific/detailed enough for individuals or in aggregate (update options, not just “other”) Would like sample exam questions Would like multi Level exam results Number of commercial and personal type questions should be equal (perceived too many commercial questions) Would like more detailed statistics (requires software change and accurate data) Would like breakdown of curriculum measured objectives Want study manual Reports to course providers are pass/fail for first writes only – request detailed reports by individual or group.

Data Validation Initiative Objective: To verify and guide educator performance through independently validated examination statistics. To certify minimum student training method and course provider prior to challenging the General Level 1 regulatory examination. To publish examination pass rates of course providers to students and the public, with full transparency.

Data Validation Initiative

Data Validation Initiative

Proposed Timeline

Discussion Timing Impact Concerns

Additional Tools Explored by GIC Improved data and information to course providers and industry stakeholders Creation of core source material/online study materials Requirement of “Verification Certificate”/CIPR course provider validation Modularization of existing examinations Enhanced study tools Curriculum Mapping exercise to all commercially available materials Pre-approval of course providers by the GIC Open book examination/examination reference aids/paperless examinations Publication of course provider results

Roundtable

Chief Operating Officer, General Insurance Council We value, and invite, your feedback Anthonet Maramieri, Chief Operating Officer, Alberta Insurance Council 587-390-0238 amaramieri@abcouncil.ab.ca Catherine Cake, Chair General Insurance Council 780-801-3007 ccake@drayden.com @AbCouncil