This article is absolutely spot on. Well done the Spencer Educational Foundation !
My son's original reaction to the suggestion he should work in insurance after graduation was "No, that's too boring Dad".
Only after working for a while in a broker (thank you A-Plan!) did he discover just what a rich and varied career could be his in a very interesting industry.
He is now half way through his CII exams and loving his new job underwriting terrorism and political violence risks at Lloyd's.
Even with +30 years experience of insurance, I could not persuade him of the merits. But once he was in, he didn't want to leave.
How do we give that opportunity to a few thousand other school leavers and graduates, bearing in mind that +60% of underwriters in the UK will be retiring in the next 6 years!
Millennials want a lot of things – instant gratification, memes, avocado toast – but jobs in insurance are not typically on the list of desirables. The problem, mostly, is that they don’t think about insurance as a career option, just like most generations before them. It’s only once you describe the industry and the opportunities within it that Millennials begin to get interested. “The challenge is that it’s really not in scope for young people. So how do you get to those people and how do you communicate it? What we’re really trying to do is create awareness and attract young people to take a serious look at this.” To people in the industry, it may not seem a hard sell. But to kids going through university, insurance doesn’t always appeal. That’s where the Spencer Educational Foundation comes in.