The scholarship is tailored towards helping individuals from the likes of low-income households to break into the industry

The University of Nottingham has launched a new scholarship for students aspiring to work in the insurance industry, a statement released by the educational institute revealed today (21 April 2023).

To create the scholarship, the university worked in partnership with the Chartered Insurance Institute (CII) and its Education and Training Trust (EATT) charity.

The CII’s Education and Training Trust Scholarship for Future Insurers aims to support students from sections of the community which are currently underrepresented in the industry, such as those from low-income households.

Successful applicants will be offered financial support totalling £16,500 – £2,000 per year will contribute towards tuition fees, while £3,500 per year will contribute towards living costs.

Four scholarship places will be available to those starting degrees in September 2023 and September 2024.

Professor Todd Landman, pro-vice chancellor for the faculty of social sciences, said establishing the scholarship programme will have a “significant effect on our ability to recruit and retain those potential future leaders who may be dissuaded from entering Higher Education and joining the insurance industry because of the challenges they face in realising their potential”.

“Recruiting the very best and diverse talent is crucial to the future of the insurance industry,” he added.

”This partnership will make a significant impact on the lives and careers of our students, [as well as] foster the next generation of leading talent for the insurance industry.”


To gain access to the scholarship, applicants will need to enrol on one of the three-year courses offered by the university, which are accredited by the CII.

These include BSc (Hons) Finance, Accounting and Management, BSc (Hons) Industrial Economics with Insurance, BSc (Hons) Industrial Economics or BSc (Hons) Management.

These programmes each offer three risk and insurance modules, which students will need to select to ensure eligibility.

CII’s president Russell Higginbotham said: “I am delighted that our Education and Training Trust has chosen to complement these other endeavours with these new scholarships.

“In combination, they will deliver a pipeline of highly skilled and knowledgeable individuals focused on preserving and enhancing public trust in the insurance and financial planning professions.”