General Insurance Article - BPP & IFoA to launch new Actuarial Technician Apprenticeship


BPP Professional Education and the Institute and Faculty of Actuaries (IFoA) is set to launch a new Actuarial Technician Apprenticeship after successfully piloting the programme with key employers last year.

 The apprenticeship will offer successful candidates the opportunity to train as Actuarial Technicians, allowing them to work in business areas such as pensions, insurance, investment, health and risk.

 Students will work towards sitting the Certified Actuarial Analyst or Fellowship exams using BPP’s highly acclaimed Online Classroom and Live Online tutorials.

 They are also required to demonstrate a wide range of valuable skills and behaviours in the work place, with those who pass being awarded a Level Four higher apprenticeship.

 The programme was developed by a group of actuarial employers, in conjunction with the IFoA and training provider BPP, and was successfully piloted last year.

 BPP is the first training provider to offer the unique two to three-year programme, and Mercer, Aon, Zurich and KPMG have all signed up for the scheme, taking on a total of 13 apprentices between them.

 A Trailblazer employer group is also currently working together with the IFoA and BPP to develop a Level Seven actuarial apprenticeship, which will allow graduate actuarial trainees to gain a qualification that is the equivalent of a master’s degree.

 Anna Bishop, actuarial apprenticeship program leader, said: “The pilot scheme was a great success, and last year’s cohort of apprentices are now thriving at their firms.

 “The new scheme provides a unique opportunity for young people to enter this field, gaining the on-the-job experience as well as the knowledge needed to succeed in the sector.

 “Companies are also recognising the wealth of benefits that apprenticeships can bring, with many using apprenticeship schemes as a way to attract new talent and diversify their workforce.”

 BPP is one of the leading providers of education and training to the legal, business and financial sectors, working with more than 1,400 apprentices across the UK.
  

Back to Index


Similar News to this Story

Ten steps insurers are taking to tackle motor cover costs
Insurers announce actions to bring down costs after premiums increased 25% in 2023
Third of drivers forced to pay monthly for car insurance
Research by comparison site Money Expert has revealed a third of drivers in the UK will be considering monthly payment instalments to afford their car
Lloyds provision for FCA investigation lower than expected
Q4 profit before tax £1.8bn vs £1.7bn consensus. Q4 Net interest margin 2.98%. Unwound £541mn of loan loss impairments. £450mn provision for impact of

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

Email
Password
 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS

WikiActuary

Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.