Insurance industry unveils government-backed apprenticeships framework
Written by staff reporter
Aon has unveiled a new government-backed framework for insurance apprenticeships in collaboration with industry partners. This news comes the day after the deputy prime minister Nick Clegg hosted a reception to showcase and celebrate the work of current apprentices in the financial and professional services sector.
The insurance apprenticeship framework is designed to ensure that young apprentices develop valuable professional skills that are consistent across the industry and attuned to the needs of business. A number of insurance industry firms have already signed up to adopt the new framework and more are expected over the coming months. Among the working group are representatives from the CII, BIBA and the ABI as well as Aviva, Axa, Barbican, Chaucer, Covea, Cunningham Lindsay, Lloyd’s, Markerstudy and Markel International.
Dominic Christian, CEO, Aon UK Ltd, commented: “As a global firm committed to growing the number of apprenticeships in the UK, we are delighted to have been able to participate from the outset in developing this framework. We want apprentices to truly represent today’s economy. The challenge now is to ensure those advising young people are aware of the amazing opportunities available. We are delighted to continue to work with our industry partners and other stakeholders to raise awareness of how apprenticeships can help produce the next generation of talent to secure Britain’s preeminent position in global insurance.”
Deputy Prime Minister, Nick Clegg, said: “For too long there has been a barely concealed snobbery surrounding apprenticeships, with some people believing university is the only path to a good career. I’m proud that within this government we’ve seen a step change, with the largest number of people starting apprenticeships in recorded history. There is still work to be done to ensure people see the value of apprenticeships across a wide range of industries, so it’s hugely encouraging to see key players in the insurance industry working together to create apprenticeship schemes.”
Dr. Sandy Scott, Chief Executive, Chartered Insurance Institute, added: “Today’s announcement is testament to the collective efforts of the insurance sector. The CII is highly committed to supporting employers with apprenticeships, providing information and guidance, as well as ensuring the apprenticeships meet the professional standards expected of our sector. Apprenticeships represent an increasingly important part of the insurance sector’s drive to attract new and diverse talent. Having an apprenticeship standard developed by the sector will further boost our efforts to strengthen and diversify our talent pool.”