- Newslink Global Insurance Trends-The Week
- Lloyd's first half aggregated market profit £0.6bn-combined ratio improves, investment income drops
- Standard & Poor's reports on Monte Rendez-Vous
- LMA launches new report-"InsurTech-led change in the Lloyd’s Market"
- Willis Towers Watson report says 71 InsurTech funding transactions in second quarter a record but $579m invested down 20%
- Over twenty insurance sector start-ups set to unveil their intention to form an alliance known as Insurtech UK.
- Accenture survey indicates financial services firms are closing the gap on cyber attacks, having stopped four in five of all breach attempts last year expired
- RMS and Cambridge Centre for Risk Studies(CCRS) announce the release of a new Data Definitions Document v1.0 for 14 different classes of insurance exposure which covers an estimated $554tr of total insured limits globally expired
- Willis Towers Watson announces Property Quantified, a first-of-its-kind technology platform to help organisations analyze potential property losses across a global portfolio with the aim of optimizing risk transfer and insurance strategies expired
- CII reduces gender pay gap expired
- ABI commissions new report-"Tackling the gender seniority gap: what works for the insurance and long-term savings industry" expired
- SSP becoms a signatory of both the Inclusive Behaviours in Insurance Pledge and the Tech Talent Charter 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)