This Technical Apprenticeship provides a structured career path for employees in the insurance sector. It’s suitable for anyone who has completed the SCQF Level 5 or Level 6 Modern Apprenticeship in Providing Financial Services. It can also support new entrants to the industry who have alternative qualifications. The apprenticeship prepares employees for taking on more senior roles in the industry, and for further study and professional qualifications.
Your employee will study for a Modern Apprenticeship at SCQF Level 8. Their qualification will include:
Insurance at SCQF Level 8
There are no formal entry requirements for this apprenticeship, but employees would benefit from having a good standard of literacy and numeracy and solid IT skills.
Progression and development
Successful apprentices will have the skills, knowledge and competence to carry out roles in their area of study, including management and client-facing roles. Apprentices could also choose to take up further professional qualifications, such as:
CII Level 6 Advanced Diploma in Insurance
MSc in Insurance and Risk Management
How does it work?
Apprentices will learn in a real-world environment and earn a wage. They’ll also study with a college or other learning provider.
Cost and funding
We contribute towards training costs
We do this by paying the learning provider throughout the apprenticeship.
The training contribution calculator will show you our funding contribution for this framework.
An enhanced funding contribution is paid for employees aged 16 to 19. For those who are disabled and care-experienced, this is extended up to and including age 29.
Speak to a range of learning providers to find the best deal and agree on a flexible approach to meet your business needs.
Who pays the apprentice?
Like any other employee of your business, you’ll pay the Modern Apprentice's wages. This is not set by SDS, but we encourage all employers to pay the Living Wage. Remember, you must pay at least the National Minimum Wage.
How long will it take?
It will take between 12 and 24 months to complete.