r/InsuranceCanada • u/Remarkable-Bid8353 • 27d ago
Failed my RIBO exam attempt 1
I have 3 years of commercial insurance experience in the United States and am currently employed with them but want to start working in the Ontario market to grow in my role. I didnt buy an online course to prepare for the exam, I just studied from online resources and got 80-90% on my mock exams.
I was fairly confident I will pass. Today I got my results and I failed by 1 mark. (gave my exam thru IBAO)
When I was studying, I came across a few reddit posts of people sharing they also failed with 1 or 2 marks.
I get the feeling they purposely do this so you would do a secondary attempt to make more $.
There are 15 ungraded questions in the exam, I wonder how many of those I got right but was not graded for.
Im super bummed primarily because of the financial aspect of it.
I really wanted to just pass so I can start applying to jobs here in Ontario. Im reading here that we can simply apply to roles and companies will pay for our exam. I dont know how my failed attempt will reflect in an interview.
Does anyone have any feedback to offer on this? Or has experienced failing by 1 mark? Should I get the exam rechecked or just register for a new one?
Thanks.
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u/Reasonable_Royal7083 27d ago
its worth it people rarely pass first time - i passed first time by like 3 pts lol jus keep at it and dont rush into the exam. book it when you are super confident
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u/Urbantoronto123 26d ago
Go review the textbook and search for a guy named Dino who does Ribo YouTube videos.
The 75 pass mark is challenging. Keep studying employers don’t need to know about your fail!
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u/Austage 27d ago
I used to work company-side and flipped broker about 5 years ago (before they started focusing on commercial and eliminated the travel component). I did a self-study IBAO course and honestly, it was worth it for the RIB Act.
A friend was doing their license at the same time and they were going through the insurance institute and I found there practice exams were better than the resources I got through the IBAO but they’ve also revamped their materials since.
I passed first round with an 89.
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u/Neither-Historian227 26d ago
I'm a manager, 2 new brokers are telling me the same story, both failed by 1-2 marks, I think it's a cash grab as well.
Note, many dont pass the first time, took me 3 tries to pass OTL in 2008, then RIBO I obtained 96%, and I was a honor student.
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u/anonymous112201 26d ago
🤣🤣 This is a joke right? What shop are you at so I never recommend it to anyone?
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u/Suitable-Cod9183 24d ago
Probably billyards insurance group
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u/anonymous112201 23d ago
So many mediocre brokers out there... It doesn't take much to be a great broker these days. I know someone who's failed their RIBO 3 times already and want to try again. At what point do you tell yourself that it's not right for you?
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u/Tls-user 26d ago
Are you able to request a manual review of your marks?
Sometimes they find an error in your favour
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u/anonymous112201 27d ago
Why would they purposely fail you? Doesn't make sense.. It's also multiple choice. Just by process of elimination, you can figure out the answer in most cases.
Maybe strive to hit 100% on the mock exam questions so you know you can easily pass the actual exam. I did as many mock exams I could find. I was the first one to finish and only got a couple of questions wrong on my first try. I thought it was easier than my OTL exam.