The Insurance Practitioner Professional Apprenticeship is expected to open for applications in June 2016.
As we draw closer to the opening of applications in June this year, we will be bringing you further details on the history of apprenticeships, their relevance to the Irish market and why they will form a core part of school-leavers’ options into the future.
Over the last 50 years, the number of people attending college after school has increased exponentially. In 2011, 69% of school leavers were attending university compared to 11% in 1965, with apprenticeships limited to ‘trade-based’ industries such as electricians.
This has resulted in an academically over-qualified workforce who graduate with little or no employability skills, which is causing a crisis in talent acquisition across a number of industries including insurance.
The insurance sector previously had a tradition of hiring school-leavers into apprenticeship roles. Many of the industry’s leaders started out as apprentices, undertaking professional qualifications as they worked their way up through the ranks.
However, this tradition faded with the increasing popularity of attending university over the last 15 years, although the graduates who enter the industry still undertake professional qualifications on top of their college degrees, as in other industries – a source of frustration for many.
The Insurance Practitioner Apprenticeship will provide a solution to these issues. School leavers who embark on the professional apprenticeship scheme will get their foot on the career ladder earlier than most graduates, while still earning a level 8 qualification and a salary.
They become part of a pool of talent from which organisations can recruit when looking for people who want to create a strong career in the insurance industry and who have the qualifications and employability skills to do so. The BA (Hons) Insurance Practitioner Apprenticeship, a level 8 ‘earn and learn’ degree delivered by The Insurance Institute and IT Sligo, which combines academic qualifications with practical on-the-job learning.