Insurance apprenticeships up by almost half

The Association of British Insurers (ABI) has today 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 ABI members were already offering apprenticeships, but the increase now sees the number increase to over three quarters (82%).

The ABI’s Diversity and Inclusion data collection, which was sourced from November 2017 to January 2018, also says that an estimated £55 million is spent by the industry on training and development per year, including apprenticeships, management training and mentoring programmes targeted at the underrepresented within firms.

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.”

National Apprenticeship Week ran from 5-9 March 2018.