Younger people attracted to the industry

The ifs School of Finance revealed that the average age of those gaining an entry level qualification in the insurance industry has fallen year on year since 2003, the year the Certificate in Regulated General Insurance (CeRGI®) was launched.

Mark Roberts, head of financial regulation at the ifs School of Finance said: “When CeRGI® was launched in 2003 the average age of those taking the qualification was 40. This has fallen year on year and those taking CeRGI® today have an average age of 34. The fact younger people are being attracted to a career in insurance bodes well for the future of the industry.”

CeRGI® is a level 3 qualification (equivalent to A level standards). On successful completion of the qualification candidates will be able to understand the nature of risk and its application as well as the general purpose, role and benefits of insurance. In addition to which successful candidates will be able to demonstrate a good knowledge of how insurance markets work.

The ifs School of Finance is a registered charity, incorporated by Royal Charter, providing financial education to over 80,000 students in 100 countries.

Average ages of CeRGI® students:

2003: 40

2004: 37.5

2005: 36.5

2006: 34.5

2007: 34