When you start working as an apprentice, you’ll become part of one of the industry’s professional bodies, either The Insurance Institute or the LIA. You'll be helped through every stage of the programme. Whether it's preparing for your qualification exams, supporting you as you work through your Capstone Project or providing you with the resources you need to kick-start your career in insurance.
When you work in insurance your customers place a lot of trust and responsibility in your hands, so it’s essential that you have the necessary knowledge and skills to give them peace of mind.
Here are the qualifications that will help you to get your career going in the general insurance industry.
The Accredited Product Adviser (APA) is the minimum requirement that is expected throughout the industry.
There are a number of different product areas within insurance and you can earn the APA in any of the three main areas:
Whether you’re working in underwriting, claims or direct client support, this qualification is a must-have.
Why not get a head start on your APA before you start working in insurance? It will give you an overview of the various aspects of the industry – and it’ll look great on your CV.
While the Accredited Product Adviser (APA) is the entry-level designation, you’ll find that most people who are serious about a career in insurance will continue on to earn the Certified Insurance Practitioner (CIP).
The CIP will give you all of the knowledge you’d earn with the APA, as well as:
APA modules make up 50% of those you need for the CIP – so if you choose to go down the APA route first, you’ll already be halfway towards your CIP.
The BA (Hons) in Insurance Practice is the degree you’ll earn if you take part in the Insurance Practitioner Apprenticeship programme. It’s delivered online through ATU Sligo and The Insurance Institute and is a combination of academic study and on-the-job learning.
Some key facts about the programme:
Applications for the programme open in Spring with apprentices starting in September. You can sign up to hear more about when apprenticeship applications open.
A Capstone Project is to be completed in the final year of your programme and its purpose is to demonstrate your academic and professional learning. The project usually results in not only an industry-specific report but in a product, performance or in giving a presentation. Examples of Capstone projects our apprentices have researched include:
Stanley Kubrick took out insurance to protect himself against losses in the event that extraterrestrial intelligence was discovered before his movie, ‘2001: A Space Odyssey’ was released.
He tried. Lloyd’s of London refused.
Ugly Betty star America Ferrera has her teeth insured for $10m.
The policy was bought by Aquafresh, who Ferrera was working with as part of a promotion of the White Trays product.
You need to be good at maths to work in insurance.
While some insurance professionals do need to be mathematically-minded – such as actuaries – there’s a diverse range of roles to suit people of all talents. So if you can’t handle algebra, you could still handle claims!
In the height of his career, the ‘Lord of the Dance’ Michael Flatley had his legs insured for $50 million.
He only had them insured for $47 million. Bargain.
You can take out an insurance policy to cover you in case you get abducted by aliens.
Yes, you read that correctly. According to Geico Insurance, a London based firm has sold more than 30,000 alien abduction insurance policies. So you can put the tinfoil hat away – insurance has you covered.
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