The number of apprentices working in insurance and financial services increased by 30 per cent in 2012.
By the end of December 2012, the Chartered Insurance Institute reports that the number of apprentices study for its qualifications had exceeded 1,000 for the first time.
CII relationship manager Casper Bartington said: “Crossing the 1,000 mark for new starters is a milestone for the sector and though the majority of recent apprentices are working in SME insurance businesses, we are beginning to see some well-known names offering technical apprenticeships for the first time.
“This bodes well for the influx of the right talent into the profession and shows that sector businesses are retaining a presence in the job market and are not missing out on bright school leavers.”
SMEs currently get £1,500 as an incentive to take on an apprentice but the CII reports that they are also seeing a number of larger firms, such as Aon and Ageas, offering apprenticeships.