March 04, 2015
A noticeable rise in roles in the insurance industry in the latter half of 2014 was encouraging for all and sundry to see. However, in order to maintain that momentum, the industry needs to be made that much more attractive to students who are at the very beginning of their career paths.
The Chartered Insurance Institute’s (CII) 2014 Skills Survey showed that over half of the students surveyed were uninspired by the industry and only 20% would consider a career in the area of insurance. However, the common industry belief is that should the students have a better understanding of the sorts of jobs and opportunities available, that perception would be changed and interest increased.
The CII’s Discover Risk campaign, was set up to address this knowledge shortfall and increase awareness in education institutes across the country. Ashwin Mistry, president of the CII and chairman of Brokerbility said: “The results of this survey lay down a challenge to the industry, following on from last year’s Insurance Growth Action Plan. We need to work together to tackle shortages and recruitment issues. It is vital we make insurance a career destination of choice for future generations. Good work is underway through Discover Risk and the insurance apprenticeships initiative and we must build on this.
“Not only do we have to attract talent, we also have to develop it and the positive from this survey is that firms are rising to the challenge and recognising that doing so drives productivity and aids staff retention.”
For the full breakdown of the stats from the CII 2014 Skills Survey, have a look at the article posted on the CII website here