Apprenticeship Standard: Insurance Professional Level 4 Apprenticeship

Overview

Insurance is an incredibly diverse marketplace with a rich history of helping people and businesses assess and manage the risks they face. Over a million people in the UK work in this exciting industry that provides products and advice on everything - from sports cars to hurricanes. The Insurance Professional Apprenticeship provides a development pathway that will allow apprentices to specialise in a particular area of the industry with supporting and appropriate, professional qualifications. It supports the consolidation of technical, industry and business knowledge and the development of the skills needed to apply this to a range of complex and/or unfamiliar situations.

Trailblazer Group

The employer Trailblazer Group that created this Standard included: Allianz, Aon, Aon Benfield, AVIVA, AXA, Bluefin, Catlin, Chaucer, Crawford & Company, Davies Group, Hiscox, Markel International, Marsh, Miller, RK Harrison and Zurich.

Role Suitability

Specific job roles may include roles in Broking, Client Management, Underwriting, Claims, Operations, Loss adjusting, Reinsurance, Risk Management, and Complaint Handling

Key Responsibility

Responsibilities are likely to include:

  • Broking
  • Client Management
  • Underwriting
  • Claims
  • Operations
  • Loss Adjusting
  • Reinsurance
  • Risk Management
  • Product and Pricing
  • Complaint Handling

Key Facts

Duration:

Typically this apprenticeship will take 24 – 30 months. Timeframes are flexible depending on the employer and/or the apprentice’s ability to be successful on the programme.

Study Mode:

Our guided teaching is delivered through a mix of live webinars delivered by a BPP University tutor, 24/7 access to recorded lectures and online lecture notes. Including online teaching sessions with face-to-face inductions and masterclasses.

Students take part in live discussion with fellow learners during live webinars and via course forums.

Qualifications

Apprentices without level 2 English and Maths will need to achieve this level prior to taking the end-point assessment.

Diploma level qualifications from either the Chartered Insurance Institute (CII) or the Chartered Institute of Loss Adjusters (CILA) are required to complete this apprenticeship. Different units can be selected within the qualification frameworks depending on the individual’s role.

Knowledge, Skills and Behaviours

Skills

  • Technical Ability
  • Relationship Development
  • Ownership and Initiative
  • Governance
  • Advice and Support

Behaviours

  • Drive to Excel
  • Communication
  • Personal Accountability
  • Innovation
  • Professionalism

Assessment

The On Programme Assessment ensures the apprentice is making good progress towards achieving competency in the Knowledge, Skills and Behaviours of an Insurance Professional. At BPP Professional Education the apprentice will gain a recognised Level 4 qualification and all the examinations must be passed before sitting the End Point Assessment.

BPP Support

Both the apprentice and employer will be supported by a team of Programme Advisors and Skills Coaches who will ensure the apprentice completes the Knowledge, Skills and Behaviours required and is ready to sit the End Point Assessment.

Entry Requirements

The entry requirement for this apprenticeship will be decided by each employer, but may typically be five

GCSEs at Grade C or higher.

Employer Requirements:

  • Provide apprentices with a contract of employment for the duration of the apprenticeship on the first day of their apprenticeship and be paid at least a wage consistent with the law for both the time they are in work and in off-the-job learning.
  • Employer must not ask the apprentice to contribute financially to the direct cost of learning.
  • Provide the apprentice with paid time to attend off-the-job training, including additional support for English and Maths, or support accessed for learning difficulties and/or disabilities.
  • Recognise that the apprentice must complete the apprenticeship within their working hours.
  • Ensure apprentice spends at least 20% of their time in off the job training.
  • Enter into a contract with BPP University.
  • Support the apprentice to gain new skills.

Apprentice Requirements:

  • Be in full-time employment for at least 30 hours a week.
  • Be an employee (have a contract of employment for the duration of the apprenticeship) on the first day of their apprenticeship and be paid at least a wage consistent with the law for both the time they are in work and in off-the-job learning.
  • A citizen of a country within the European Economic Area (EEA**) or have the right of abode in the UK, and have been ordinarily resident in the EEA for at least the previous three years on the first day of learning.
  • Not be enrolled on another apprenticeship at the same time.
  • Has the right to work in England.
  • Able to complete the apprenticeship in contracted working hours.
  • Be in a new job role (nine months or less), or in an existing job role, where significant new Knowledge and Skills are needed – employer statement of justification needed (relevant to the apprenticeship).

Progression

On completion, professional registration can be achieved by application to the relevant Professional Body with recognised status of Dip CII, (Chartered Insurance Institute) or Dip CILA (Chartered Institute of Loss Adjusters).

Costs and Government Funding

Employers will be able to draw up to a funding Cap of £9000 per apprentice from the Digital Voucher Service to cover the training costs for this Apprenticeship Standard.