In 2013, BIBA signed a partnership agreement with the Department for Work and Pensions (DWP). This resulted in highlighting opportunities in our sector and promoting it as a career for appropriate job seekers.
It is important to encourage younger people to take their first steps onto the insurance broking career ladder. BIBA is working with the Careers and Enterprise Company (CEC), our Young Broker Ambassadors, Jobcentre Plus, the Department for Work and Pensions and our regional committees to encourage new entrants.
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BIBA worked with the Chartered Insurance Institute (CII), the ABI and Aon on attracting talented young people to insurance broking. One of the results has been the creation of a general insurance apprentice standard, where apprentices can earn while they learn.
New apprenticeship standards across the whole insurance industry will help to provide a structure to enable more insurance broking firms to take on apprentices and mould them into employees. The standards, which have been approved by the Department for Business, Innovation and Skills, will help the industry achieve its target in the Government’s Insurance Growth Action Plan, to double the number of technical apprentices in the insurance industry by 2018. Apprentices can study towards the CII Certificate and Diploma in Insurance and by the end of their apprenticeship they will have demonstrated skills and behaviours highlighted by employers as required.
Funding towards apprenticeship training
The CII has a purpose built initiative; the Aspire Apprenticeship Programmes. These are easy to access and convenient to use and help businesses regardless of their size to access funding for employer training programmes. Find out more from the CII.