Insurance professionals who don’t yet have their Chartered Property Casualty Underwriter (CPCU) designation have just one month to finish the exams. The CPCU Society said it is closing its doors to new members after that. The move is a bid to boost the value of the CPCU designation by making it more exclusive.
The CPCU designation has been losing some of its luster in recent years as new insurance designations have come into vogue. These challengers have included the Professional Golf Agent (PGA), Social Media Organization Risk Exam (SMORE) and the Champion Underwriter and Property Casualty Actuarial Knowledge Expert (CUPCAKE).
“Our hope is that by making the CPCU Society a totally exclusive experience, our current designation holders will be able to demand more salary and finally cash in on all those lonely nights with textbooks and other insurance nerds,” said CPCU President Oliver Testaker, PGA.
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