Why are The Institutes doing this?
In light of our continuously evolving business environment, which is characterized by rapid technological change and increasing customer expectations, the goal of this Institutes initiative is to increase the value of the designation by allowing CPCUs to showcase their educational efforts while setting an example for the industry.
Will I lose my designation if I do not report my continuing education efforts?
The Institutes are encouraging all CPCUs to honor their commitment to continuing education. No one's CPCU designation will be invalidated for failing to report continuing education, but CPCUs in compliance with the reporting requirements will be publicly recognized for their commitment to their industry and careers.
When will I be able to begin earning and reporting my credit hours?
If you hold the CPCU designation, you may begin earning credit toward your initial reporting period starting July 1, 2016 and as of November 16, 2016, you can begin reporting your credits through the CE for CPCUs reporting tool.
Qualifying Activities and Requirements
How much will reporting cost?
There will be a $189 reporting fee for each reporting period. If you are a CPCU Society member, this cost will be waived.
Which continuing education offerings will count?
Practice-oriented activities that are both relevant to career performance in risk management and insurance and verifiable (for example, via a grade report, certificate of attendance or completion, or proof of purchase) will earn credit. This includes many familiar training programs and continuing education offerings in which CPCUs already participate, such as The Institutes’, CEU’s and the CPCU Society’s educational opportunities and those pertaining to fulfilling state licensing CE requirements.
Will anyone be exempt from participating?
Continuing education will remain a fundamental obligation for all CPCUs. Formalized reporting is simply a way for CPCUs to acknowledge their commitment to maintaining a high level of expertise in our industry. The reporting program will include every CPCU.
How many credits will I need to earn?
You will need to complete 24 credit hours over the course of two years in order to comply with the program.
As a current CPCU, when will my first 24 credit hours be due?
To allow additional time to adjust to this new reporting program, current CPCUs will have four years to report their initial credit hours once the program has been implemented. Afterward, all CPCUs will follow a two-year reporting cycle.
As a current CPCU student, how does my matriculation approval date affect my initial reporting period?
If your matriculation was approved on or before June 30, 2016, you have four years for your initial reporting period once you've obtained the designation. However, if your matriculation was approved on or after July 1, 2016, your initial reporting period will be two years from the time you obtain the designation. All CPCUs will have a two-year reporting cycle after the first reporting period. Log in to your account to check your matriculation status.
As a retired CPCU, what does this mean for me?
While continuing education is valuable to every CPCU, it has particular meaning to those who are actively practicing (for example, an employer or a prospective employer may be interested in learning which CPCUs have current industry knowledge). To the extent that you would like to remain active in the industry, completing continuing education is a good indicator. Regardless of whether you choose to report your continuing education, your CPCU designation is just as valuable as it was on the day you earned it, and we thank you for your years of service to the industry.
How will the new reporting system work with state licensing requirements?
Credits you complete toward state producer or claims licensing requirements will also count toward your CPCU continuing education reporting.
Continuing Education for CPCUs through the CPCU Society
Are there any different requirements for CPCU Society members as it relates to continuing education for CPCUs?
CPCU Society members are required to earn the same number of credits as non-members.
Will CPCU Society members save on reporting costs?
Yes. The $189 fee for each reporting period is waived for Society members.
How does the change in continuing education reporting affect the Continuing Professional Development (CPD) program?
This program is an easier way for CPCUs to report their continuing education activities. It replaces CPD in its current form. The CPD program will end on December 31, 2016.
What are the benefits of being a CPCU Society member?
In addition to the waived reporting fee, members have access to carefully curated content delivered through the Society, focused on leadership and career growth, new technologies, emerging industry trends and technical skills/general knowledge. Additional information on the many continuing education benefits available through the CPCU Society can be found here.