The class of 2023/24 will be made up of 40 ‘promising professionals’, according to a statement
The Chartered Insurance Institute (CII) has called for “promising professionals” from the claims, underwriting, broking and London market sectors to apply for its New Generation talent scheme.
In a statement released this morning (14 June 2023), the CII explained that the class of 2023/24 would be made up of 40 “rising stars” and would work to produce an initiative that “could make significant difference to the insurance profession” over a six month period.
There are 10 places for each sector of the market the CII has invited to apply – groups of 10 from broking, underwriting, claims and the London market will then complete a project together.
The CII explained that the programme was part of its wider effort to address the issue off attracting new talent to the insurance sector.
Applicants to the programme must demonstrate that they have made “significant strides in the professional development, demonstrating a strong contribution to the team or department in which they work”, must be CII members and should have between five and 10 years’ experience in the general insurance sector.
Previous examples of reports produced by CII New Generation projects include the recently published Hybrid Working London Market report, as well as earlier reports on the insurance implications of fracking and reputational risk in a social media culture.
This year’s programme will include an interactive session with key personnel from the FCA, talks from members of Parliament and insurance sector lobbying organisations, training on subjects such as leadership and a final presentation to the CII board.
CII chief executive Adam Vallance said: “The CII’s flagship New Generation programme has been helping to advance talent in our profession since 2011 and this year’s intake will take us beyond 500 participants, which is a phenomenal achievement.”
He added that the New Generation programme provided “a fantastic opportunity” for insurance professionals at the early stage of their careers to challenge themselves and “become a leader of the future”.
Applications to the programme are now open and will close on 7 August 2023, with applicants notified of the outcome of their applications in mid-September. The programme will then begin in October 2023 before completing with presentations to the CII board in September 2024.
The CII added that time commitments to the programme could be estimated to include around 10 hours per month, as well as attendance to a selection of events throughout the programme. Previously unsuccessful applicants are also welcome to apply again.