Attracting new starters into the world of insurance isn’t easy. The sector has a poor image, perceived as being stuffy and boring by many younger workers. In fact insurance is the bond that holds civilised society together. Without it we revert to the middle ages, where the strong exploited the weak, mob rule resolved disputes and financial ruin, starvation or death was was the result of a catastrophic event such as a storm or flood.
Modern tech has enabled insurers, brokers and MGAs to construct innovation solutions to all kinds of problems for people, offering peace of mind and support if the worst happens. Insurance is a force for social good and young people can make a difference, get involved. That is the message the industry must amplify.
Rant over, here’s the word;
The Lloyd’s Market Association (LMA) Academy is proud to launch its Early Talent Kickstarter Programme, a four-week immersive programme designed for a target audience of early professionals with less than one year of experience in the Lloyd’s market.
As part of the LMA’s strategy to provide technical education to those entering the market and develop the next generation of talent within the industry, this programme provides a comprehensive and hands-on introduction to the Lloyd’s market, combining in-person teaching, real-world simulations, expert-led sessions, digital learning and a collaborative group project.
Participants will gain the essential technical knowledge, commercial understanding and real-world insights to enable them to make an immediate contribution to their employer and build a valuable network of peers from across the market. The curriculum features key modules including underwriting essentials, claims handling, financial skills, a risk simulation, data and capital reinsurance. Delegates will also undertake a group project, culminating in presentations to a panel of industry judges.
Fiona Temple, People, Culture and Academy Director at the LMA, said: “The Early Talent Kickstarter Programme is a key part of our strategy to nurture and develop early talent and ensure the Lloyd’s market remains at the forefront of innovation and expertise.
“By equipping new entrants with the technical skills, knowledge and networks they need, we are investing in the future success of our market and its people.”
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