The Council of Insurance Agents & Brokers and The Institutes announced the PRC® designation to advance technical expertise among commercial insurance professionals. The designation program addresses the growing complexity of commercial risk and the need for brokers to provide higher-level advisory services to clients. This professional credential strengthens the talent pipeline and elevates the standing of commercial brokerage as a profession.
FOR IMMEDIATE RELEASE
Contact: Nicole Vasile
Vice President, Marketing & Communications
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THE COUNCIL OF INSURANCE AGENTS & BROKERS AND THE INSTITUTES COLLABORATE TO OFFER
PROFESSIONAL RISK CONSULTANT (PRC®) DESIGNATION
Designation demonstrates foundational knowledge of property/casualty insurance coverages and risk management
The Council of Insurance Agents & Brokers (The Council) and The Institutes Agent & Broker Group today announced a collaboration to offer the Professional Risk Consultant (PRC®) designation, which provides early-career insurance brokerage talent with the foundational knowledge and skills they need to excel in their field. This strategic partnership brings together The Council’s 100+ years of experience serving the insurance brokerage community with The Institutes’ established track record of educating professionals in risk management and insurance. The PRC designation is geared toward customer-facing talent with less than two years of experience in the industry. It will be offered through The Council’s talent development arm, The Council Academy, and through The Institutes Agent & Broker Group.
“We’re thrilled to announce the launch of the PRC designation, and to expand on our long-standing, successful partnership with The Institutes,” said Council President/CEO Joel Wood. “Within the insurance industry, The Council has a reputation for excellence and a breadth of knowledge in brokerage operations. The Institutes’ name carries the same weight in regard to ongoing education and professional development. This partnership will allow both of our organizations to fully leverage our networks and capabilities, and extend our reach to train and retain the next generation of insurance professionals.”
“We are combining The Council’s deep expertise and relationships within the brokerage community with The Institutes’ established track record of educating, elevating, and connecting professionals in risk management and insurance,” said Peter Miller, CPCU, President and CEO of The Institutes. “This collaboration allows us to provide a streamlined, impactful designation program that supports the development of early-career professionals.”
The PRC designation demonstrates foundational knowledge of property/casualty insurance coverages, risk management skills and an overall understanding of the industry. Earning the designation requires completion of course curriculum that is offered in two ways: a hybrid learning experience through The Council’s Insurance Professional School for Property/Casualty, or on-demand programming through The Institutes Agent & Broker Group.
For companies interested in bringing this programming in-house, there is also a company-sponsored live cohort option. Learn more.
About The Council Academy’s Insurance Professional School for Property/Casualty
In partnership with The Institutes and the University of Georgia, The Insurance Professional School for Property/Casualty combines online, self-paced learning with activities and weekly live virtual sessions led by University of Georgia Risk Management & Insurance professors. The content reinforces understanding and application of the material to real-world scenarios. This foundational insurance coverage information is brought to life by the extensive use of case studies, and is thoughtfully designed to accelerate the learning curve, provide greater confidence in front of clients, and create a customer-centric, advisory mindset. Learn more.
About The Council of Insurance Agents & Brokers
Founded in 1913 and based in Washington, D.C., The Council of Insurance Agents & Brokers is the premier association for the top 170 regional, national and international commercial property/casualty insurance and employee benefits intermediaries worldwide. Council members are market leaders who annually place 90 percent of U.S. commercial P/C premiums and 70 percent of all employee benefits business. The Council’s Government Affairs team represents our member firms with a strong, unified voice on Capitol Hill and within the regulatory space. CouncilPAC, The Council’s political action committee, consistently maintains its position as the leading PAC in the insurance industry. In addition to providing best-in-class talent development resources through The Council Academy and publishing Leader’s Edge, an award-winning industry content platform, The Council hosts two marquee events for our membership and their carriers and strategic partners – the Insurance Leadership Forum for the commercial P/C sector and the Employee Benefits Leadership Forum for EB executives.
About The Institutes Agent & Broker Group
As part of The Institutes, The Institutes Agent & Broker Group offers brokers, producers, and agency professionals at any stage in their career the skills, knowledge, and education to grow a deeper understanding and mastery of the risk management and insurance. Our knowledge solutions include learning pathways and designations for every stage of a career, certificates and professional development programs, online courses, and continuing education opportunities.
About The Institutes
The Institutes® are a not-for-profit comprised of diverse affiliates that educate, elevate, and connect people in the essential disciplines of risk management and insurance. Through products and services offered by The Institutes nearly 20 affiliated business units, people and organizations are empowered to help those in need with a focus on understanding, predicting, and preventing losses to create a more resilient world. Learn more at Global.TheInstitutes.org.
The Institutes is a registered trademark of The Institutes. All rights reserved.
