- Brexit-light at the end of the tunnel for UK financial services?
- Lloyd's announces aggregated market loss of £2bn for 2017-the first loss for six years
- London Market agrees a mandate to use electronic placement with a sliding scale by quarter
- ABI and leading UK insurers welcome a Bill to reform the law relating to whiplash claims and the way in which the personal injury Ogden Discount Rate is set
- Insurance Europe develops a template that could help companies meet the obligation under the General Data Protection Regulation(GDPR)
- The Institutes and the International Insurance Society(IIS) announce a strategic affiliation
- gradient A.I., a Milliman predictive analytics platform, now aids management of workers' compensation risk expired
- SSP Keychoice extends long-term relationship with RAC for a further five years expired
- Atradius reports a strong 2017 result expired
- IGI profit dips but 19% growth in GWP expired
- Ping An net profit up 43% in 2017 expired
- Liberty Mutual Specialty Markets appoints Hitchcock to new position of Paris-based Terrorism Underwriter with a European roving role 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)