Latest Insurance
- S&P Global reports says reinsurers were left wanting more despite global reinsurance pricing gains at January renewals
- Bloomberg Intelligence report indicates US BI claims trial cases direction
- Insurance Europe publishes response to EIOPA on a potential methodology for the inclusion of climate change in the Solvency II natural catastrophe standard formula
- Aviva announced its plan to become a Net Zero carbon emissions company by 2040s
- ABI comments on publication of Statutory Instruments to amend Civil Procedure Rules and introduce Whiplash Tariffs
- COVID-19 and sustainability will be key insurance themes in 2021, says GlobalData
- Whitespace joins forces with Verisk’s Sequel to accelerate digital transformation of the global specialty market expired
- Juniper Research suggests value of premiums generated by InsurTech platforms will exceed $556bn in 2025, from $250bn in 2020 expired
- Core Specialty partners with Duck Creek Technologies for increased speed to market and operational efficiency expired
- EIS partners with esure Group to expedite its digital transformation expired
- Sapiens CEO reports on financials expired
- SiriusPoint launches with over $3bn in capital expired
20th January 2021
CII says eight out of ten insurance professionals recommend reskilling to enter profession
Trend
More than eight out of 10 insurance professionals would recommend their profession to a friend who had been made redundant due to COVID-19.
A Chartered Insurance Institute(CII) social media poll, conducted in December, showed 178 out of 207 members polled identified financial services as “viable” and a sector they recommend retraining to enter.
The Certificate in Insurance, which is a core qualification for insurance staff working across all sectors of the profession, cost £243.
Additional specialist units required for underwriting, broking and claims cost extra.
Keith Richards, chief membership officer of the CII, comments “Bringing fresh talent into the profession is a key element for securing the financial fortitude of the UK.
We sit at the precipice of the largest intergenerational wealth transfer since records began and the events of 2020 have shown how important it is to have insurance in place to act as a safety net when things go wrong.
It is vital we bring a new wave of talented insurance professionals into the profession, not just because it benefits them but because it benefits all of society.”
CII Trends(323 articles)
Regulatory/Government/Trade Assocs(8087 articles)
Research, Publications and Surveys(5845 articles)
