- New global survey from Economist Intelligence Unit(EIU) and Willis Towers Watson highlights majority of executives around the world feel their organisations can do better when it comes to learning from their past cyber mistakes
- Chubb launches special new environmental risks report-"Global Management of Environmental Risk"
- ICISA members say demand for trade credit insurance and surety developing favourably
- IPCC opens review of 2019 Refinement to National Greenhouse Gas Inventories
- Two new committee chairs at LIIBA-involved in modernisation of London Market
- LV= in trial agreement with Optal to streamline claims payments
- MS Amlin and Cytora in new partnership to deploy artificial intelligence into commercial underwriting processes expired
- Willis Towers Watson introduces new version of ResQ, its loss reserving software expired
- Florida-based SUNZ Insurance goes live with Sapiens CompSuite Policy solution expired
- SSP to integrate Northdoor Sanctions Checker solution to assist its broker client base expired
- MAPFRE announces senior appointments expired
- Gallagher announces Matson to replace Chilton as CEO, UK Brokerage and Underwriting Division later in the year expired
14th March 2018
ABI research indicates 82% of UK insurers now offering apprenticeship schemes
To celebrate National Apprenticeship Week in the UK,the Association of British Insurers(ABI) has revealed that the number of its members offering apprenticeship schemes has increased by 47% since the introduction of the Government’s apprenticeship levy. More than half of insurers were already doing so before the levy’s implementation, but the figure is now above three-quarters(82%).
This is according to the ABI’s inaugural Diversity and Inclusion data collection, sourced from November 2017 to January 2018. The same figures revealed that an estimated £55m is spent by the industry on training and development per year, including apprenticeships, management training and mentoring programmes targeted at the underrepresented within firms.
Commenting on the statistics, the ABI’s director general Huw Evans, said “The insurance industry has a strong track record of developing and nurturing talent, as demonstrated by the number of industry leaders that rose through the ranks to get to where they are today. This data demonstrates that firms are now investing huge amounts in providing alternative routes into the industry, and to see such an increase in the number of our members offering apprenticeships is very promising.”
ABI Trends(1,030 articles)