Insurance

The basics

Insurance plays a significant role in every aspect of life and business, helping to protect people’s belongings, property, health and much more against unexpected events such as fire, water, accidents, human error and natural disasters. The industry promotes investment in the future economic growth of the whole country by using the premium income received to provide long-term capital for investment. It helps to fund public services and company expansion, earn foreign currency and generate tax.

One quarter of employees in the financial services industry in the UK are employed in insurance, with 300000 insurance employees in the UK. As the third largest insurance market in the world, and number one in the EU, the insurance sector in the UK has remained strong in the face of the recession, with people keen to insure against loss. Since 2009 the insurance industry has seen a 38% increase in jobs, and 4% pay increase. Shortage areas include actuaries, underwriters, solvency II experts, regulation and IT.

Find out more

  • See Target Jobs for an overview of the profession
  • Read Inside Careers guide to Insurance for an industry insight- also available as a booklet to take away from LSE Careers' Information Room
  • Go to Prospects for descriptions of job roles
  • Look at the Chartered Insurance Institute's website for information on training
  • Keep up-to-date with the Insurance Times for industry news
  • More useful Insurance links are available on our Delicious pages
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