The short answer

Direct transfer

Adjusters currently licensed in another Canadian jurisdiction for an equivalent license do not need to take the Alberta exam, but must still submit an application under their AIC account and meet Alberta licensing requirements.

Source
“If you’re currently licensed in your home jurisdiction for an equivalent license as you’re applying for in Alberta, you will not need to take the required exam (as you’ve already passed exams considered equivalent to Alberta’s).”
abcouncil.ab.ca/applying-for-a-license

Both provinces

Licensed in ManitobaMoving to Alberta
Licence status Licence required Licence required
Regulator Insurance Council of Manitoba Alberta Insurance Council
Guide Insurance adjuster in Manitoba Insurance adjuster in Alberta

Steps to transfer

Not stated by the regulator Check with AIC

Processing time: Not stated by the regulator Check with AIC

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