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Apprenticeships - Insurance

Going to university and pursuing a degree is not the only option available to bright students. With the significant cost of a degree combined with its potential devaluation, you may want at least to consider your options. There are a number of firms offering very attractive School Leaver Programmes. These are well paid and you may find run parallel to many graduate schemes. They have the attraction of being less competitive at A level entry, therefore gaining you entry into an organisation that you may struggle to secure as a graduate, when the competition is fiercer. You will also be debt free. These schemes are becoming increasingly popular with employers.

Schemes include:

Insurance: Allianz Technical School Leaver Programme

allianzAllianz is one of the largest leading integrated financial service providers worldwide. Their Technicla School Leaver programme is located in their UK Head Office in Guildford. The programme will support you in developing a wide range of skills through a rotation of placements within the Retail Technical division. During your placements you'll be trained on how to contribute to product design; pricing decisions; monitoring commercial performance; detecting fraud and much, much more.

This programme has been designed to grow and develop you as  future Pricing Analysts, Portfolio Analysts and Underwriters, so there's a permanent role for you at the end of the programme. They will supplement your hands-on experience with a fully funded professional study programme. At the end of the 3-year programme they aim for you to have achieved chartered status with the Chartered institute of Insurance (CII).

The starting salary is 18,000 per annum. The minimum entry requirement is 300 UCAS points across A levels, including a B or above in Maths.

Key Skills that they are looking for -

  • Numeracy – data analysis, spotting trends / patterns, thinking logically
  • Responsibility – taking the initiative and producing commercial solutions
  • Teamwork – working with people with a wide range of expertise
  • Enthusiasm and motivation
  • Excellent Organisational and planning skills

To apply, you need to complete their online application. 

Insurance: Aon Apprenticeships

aonAon is a leader in the global reinsurance sector. They are a reinsurance intermediary which means they arrange insurance for insurance companies. They have offices in: London, Birmingham, Bristol, Chelmsford, Edinburgh, Epsom, Glasgow, Farnborough, Manchester Redhill, Reading and St. Albans.They operate in the city of London and in a wide range of financial markets. You will need to be good with numbers and comfortable meeting people from different backgrounds. 

They are looking to recruit talented individuals on a permanent basis, starting with a dedicated 12 month Programme. They have 3 separate programmes:

  • Acturarial Apprenticeship - advising clients on the funding of their pension schemes
  • Consulting Apprenticeship - advising clients in the running of a pension scheme
  • Insurance Apprenticeship  - helping clients to identify risks and how to mitigate them
Professional qualifications - Aon’s Apprentice Programme provides the opportunity to study for professional qualifications.
Insurance Apprenticeship -  the Chartered Insurance Institute exams
Consultant Apprenticeship -  the Pensions Management Institute exams
Actuarial Apprenticeship -  the Institute and Faculty of Actuary exams
 
Who they are looking for...
 
They are looking for candidates with excellent verbal and written communication skills who demonstrate enthusiasm and teamwork. They will assess you on numeracy, communication, problem solving, personal commitment and ability to build effective relationships.
 
Qualifications - to become an apprentice, you will need:
 
Insurance Apprenticeship – at least 280 UCAS points from three A-levels or equivalent (excluding General Studies)
Actuarial Apprenticeship – at least 260 UCAS points from three A-levels including grade B or above in a Maths related subject (e.g. Economics) or equivalent (excluding General Studies)
Consulting Apprenticeship – at least 260 UCAS points from three A-levels or equivalent (excluding General Studies)
 
Additional for all programmes require:
• Five A* – C grade GCSEs including English and Maths
• Numeracy, an analytical mind and consultancy skills
• Excellent verbal and written communication skills
• True understanding of the value of customer service
• Clear aptitude for teamwork, planning and organising
 
Apply via their website.

Insurance: Aviva Underwriting Apprenticeship

avivaAviva look after some 44.5 million customers worldwide with a wide range of insurance, savings and investment products. They are the world’s sixth-largest insurance group, one of Europe’s leading providers of life and general insurance, and the biggest insurer in the UK.

They offer the Underwriting Apprenticeship Programme based in a umber of Uk locations. You are supported to gain a professional qualification.

 

The Underwriting Programme

Aviva Underwriters set the prices for motor, home, travel, creditor, personal accident and all other personal lines business and make financial decisions on the levels of risk Aviva will insure against. Excellent underwriting is what makes the difference between being a profitable business or one that pays out more in claims than it earns in revenue. As a trainee, you will have the opportunity not only to build your technical skills, but to meet both brokers and customers face to face. You’ll get training to develop your knowledge of insurance products while learning how to assess risk and underwrite various classes of business. You can choose to specialise in a specific field – like motor, life or property – later on. As you develop you’ll begin to trade on larger cases and become key to helping the team develop new opportunities.

Aviva will sponsor you to study for the Chartered Institute of Insurance (CII) exams. You’ll aim to gain the Diploma within two years and the Advanced Diploma within four years. The starting salary is £14,500 and a joining bonus of £500.

You need 300+ UCAS points and will need to show you’re strong with numbers. Confidence and flexibility are also key, as is the determination to develop a long-term career in the insurance industry. As you’ll ultimately be helping deliver tailored solutions for customers on large cases and schemes, you’ll need to be creative too so you can come up with ways to differentiate your response from the rest of the market.

Recruitment for both programmes consists of an application form, followed by online tests, a telephone interview and then an assessment centre or face to face interview or assessment Centre. The later may comprise of a presentation, group exercise and/or an interview. 

Insurance: AXA Apprenticeships

AXA specialise in wealth management, insurance and healthcare. They offer apprenticeship programmes in the following areas:

  • Underwriting
  • IT
  • Claims
  • Insurance
  • Customer service

You’ll gain valuable hands-on experience, a nationally recognised qualification and start on a basic salary of at least £15,500 a year – depending on where you’re working and where you’re based. 

Insurance: Be Wiser Sure Start Programme

bewiserinsuranceBe Wiser Insurance is an independent Insurance Broker employing 400 members of staff, based in offices in Andover, Hampshire. They were ranked 13th in The Sunday Times Virgin Fast Track 100 statistics for privately owned companies and are also one of the Top 10 UK Brokers. They offer the Sure Start Programme for A Level students run by their training academy - "Wiser Academy".

Their three year programme has been designed to provide everything needed to develop within areas such as Insurance Sales, Customer Service, Business Retention, IT, Business Administration, Compliance, Business Lead Generation, HR & Training.

What’s In It For You?

  • Salary of £18K pa
  • Minimum of 10 hours tutorial working time per week (all paid for)
  • Uncapped performance bonuses
  • A recognised insurance qualification – qualified to ACII level
  • Weekly in-house training on sales techniques and leadership

Entry Criteria

  • 3 Grade Bs at A Level or above
  • GCSE Maths and English
  • Flexibility to work some evenings and weekends
  • Committed to the next three years

Insurance: LLOYD'S Apprenticeships

LLoydsLloyd's  is not an insurance company but an insurance market made up of different insurance companies who arrange insurance cover for customers from all over the world. From celebrity body parts to oil rigs, Formula One racing to space ships – Lloyd’s is most known for its ability to cover unusual or complicated risks. When we talk of Lloyd’s, we’re really referring to two distinct parts. The market, which is made up of many independent businesses, and the Corporation of Lloyd’s, which is there – broadly speaking – to oversee that market to ensure it operates efficiently and retains its reputation as the market of choice for specialist insurance and reinsurance risk. The Lloyd’s market is home to 57 managing agents and 87 syndicates, which offer an unrivalled concentration of specialist underwriting expertise and talent.

Their Apprenticeship Programme  is aimed at students who want to start working after their A Levels or equivalent. The 12 month programme involves two placements in the broking community and a managing agent as well as an induction within the Lloyd’s Corporation. During these placements you will not only gain a comprehensive understanding of the Lloyd’s working environment but you will also achieve a great level of knowledge about the different areas of insurance including underwriting, claims handling and insurance broking.

The programme combines employment with the achievement of an Advanced Apprenticeship in Providing Financial Services, as well as an internationally recognised professional qualification with the Chartered Insurance Institute.

You will receive a salary of £16,500 each year  as well as a range of attractive benefits.

Who are they looking for?

They are looking for remarkable people who are likely to be studying in the London City Boroughs and who have already gained GCSE Maths and English at a minimum grade B and are studying toward 3 A Levels or equivalent. They are also looking for apprentices who are enthusiastic about working in the insurance sector and can confidently demonstrate the following criteria:

  • Ability to solve problems
  • Ease at working with others
  • Excellent communication skills
  • Personal effectiveness
  • Creative thinking
  • Self Motivation

 

Insurance: RSA UK Apprenticeship Programme (claims)

rsaRSA is one of the leading global insurance groups. They employ 23,000 people across 140 countries.

The position is based in the Halifax office. You will get an exceptional introduction to the insurance industry with this industry-recognised apprenticeship. You will gain experience working across a wide range of claims activities including accident detection reporting, negotiating settlements with third-party solicitors, assessing claims after an accident and managing customer interactions. 

RSA will sponsor you and help you pass your exams (CII Certificate in Insurance Level 3) by providing access to tutors, e-learning, industry networking events and senior leader mentors. You’ll also receive performance and development coaching to help you further develop the knowledge, skills and experience needed to move to a permanent technical role.

You need 240 UCAS points to apply, as well as drive, enthusiasm and commitment. The following academic subjects are preferred: Economics, Maths, Business, Finance, Science, English. 

Insurance: VISA Business & Technology and Financial Apprenticeships

visaVisa offer Apprenticeships in Business & Technology and Financial Accpunting. They offer 4 different placements allowing you to rotate around different departments every 6 months. 

Higher Apprenticeships in Business & Technology: You need a passion for technology and a love of people for this 2 year scheme. This on-the-job training programme lets you earn while you learn, gaining a Level 4 Diploma in ICT Professional Competence and Key Skills qualifications. You will be based in the Visa Europe Reading office, but will also do 6-month rotational placements in the Visa Europe Basingstoke and Paddington offices.

You require a minimum two A-levels at Grade A* to C (or equivalent), ideally including Technical subjects or Maths and Five GCSEs or equivalent grade C and above which include English, Maths and either IT or a Science.

Higher Apprenticeships in Financial Accounting. This financial accounting apprenticeship is an innovative alternative to going to Uni. You will gain a CIMA Higher Certificate, potentially leading to CIMA qualification. It’s a 2 year, Level 4 programme. You will need two A-Levels or equivalent, one of which should include maths or ICT. Students already studying for their AAT Level 3 qualifications will also be considered. Financial Accounting apprenticeships are based at the London headquarters in Paddington.

 

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