Pursue Your CPCU® Designation Now (3 Reasons Why)
1. Professional Development
The number one reason why you should begin pursuing your CPCU® Designation right NOW is for personal and professional development.
No matter if you’re still in college, just starting to interview for positions, or trying to advance your career internally. The CPCU® designation touches on nearly every property-casualty subject, giving you the practical skills and knowledge required to become a property-casualty subject matter expert. The CPCU® designation will help your resume stand out in a sea of other applicants and will help you get to that next level in your professional career. Not to mention, the CPCU® designation strongly correlates with an increase in salary and management positions as 30% of CPCU® designation holders earn more than their peers.
There is really no downside to pursuing the CPCU® or any of the many insurance designations. Improving your insurance knowledge should be a daily goal of the insurance professional. Not only does it help you personally build a better business and career, but it helps to build a better insurance industry.
2. The Longer You Wait, The Harder It Gets
There’s no time like the present. Where are you in your career? Are you just graduating college? Have you been in the industry for a few years? Are you already CEO?
No matter where you are in your career, the time to start is NOW. The longer you delay, the less likely it is that you will take action. The hardest part is that first step. I recommend forcing yourself to study by signing up for your exam before you begin studying. Purchase your exam and set the date about two months out. This will motivate you to start studying; there’s no excuse when your money is on the line because I highly doubt that you will want to fork over another $330 just to retake the exam.
Once you knock out the first one (most likely the CPCU® 500) you’ll be able to keep rolling through each exam with ease. Even if you only take two exams and decide to quit, the CPCU® designation is the most highly regarded designation in the property-casualty industry, at least you gained that extra knowledge from two exams!
The Institutes holds conferment ceremonies for those that complete their CPCU® designation. The ceremonies are typically held in a nice tropical location. In 2016 the conferment ceremony was held in Hawaii, in 2018 the ceremony was held in San Diego (the 2017 ceremony was planned to be held in Florida but was canceled due to inclement weather). Get started now and you could be hanging in the sun in just one years’ time with your new CPCU® designation.
Be sure to check with your employer before purchasing your flight and hotel. Often your employer will cover the expense for you to attend the ceremony once you complete the CPCU
For more information about the upcoming CPCU® Conferment Ceremonies and ceremony eligibility, checkout these blogs:
- 2016 CPCU®Conferment Ceremony
- 2017 CPCU®Conferment Ceremony
- 2018 CPCU® Conferment Ceremony
- 2019 CPCU® Conferment Ceremony
- 2020 CPCU® Conferment Ceremony
Free Practice Exam
Ready to get started studying? We’re here to help (for free). Download one of our free CPCU® practice exams to get a feel for the type of content you will be studying.
For more information about the CPCU® designation checkout some of our other free resources:
CPCU® exams are administered by the American Institute for Chartered Property Casualty Underwriters (“The Institutes”). AssociatePI does not administer the actual exams, we are an independent resource of free content, advice, and study material for professional insurance education. This blog is intended for informational purposes only, to inform prospective students of the benefit of the CPCU® designation.
CPCU® and API™ are trademarks of the American Institute for Chartered Property Casualty Underwriters (“The Institutes”). AssociatePI LLC is not affiliated with, associated with, endorsed by or otherwise supported or recognized by The Institutes in any way. AssociatePI LLC is not authorized by The Institutes to offer courses, practice examinations, or any other resources related to the Institutes’ designations or other programs.
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