How often does RIBO review and update its guidelines and policies?

RIBO, or the Registered Insurance Brokers of Ontario, reviews and updates its guidelines and policies periodically. This approach ensures that the guidelines are consistent with the latest changes in industry practices and regulations, promoting best practices and enhancing the professional standards within the insurance brokerage field. By conducting these updates periodically, RIBO can adapt to evolving market conditions, legislative changes, and emerging trends in the insurance industry, thereby supporting its members effectively. This proactive strategy helps maintain the integrity of the profession and ensures that brokers are well-equipped to navigate the complexities of their roles, thereby better serving both clients and the broader community.