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Talent & Diversity

Overview

We want to help the London Market to build a diverse, dynamic workforce, which offers a deep talent pool for the market to draw on.

The work being undertaken by this workstream aims to:

  • Build a better understanding of where the true skills shortages in the market lie, in which specific areas, in the medium, long and short term
  • Promote the London Market as a first class employment choice to new and existing talent pools – whoever they are and wherever they are from
  • Ensure that those who will be the market leaders of tomorrow are integrally involved in its future design

The focus is on developing a diverse workforce with the skills required to ensure the future success of the London Market.

Governance

The LMG Board sponsor is Matthew Wilson

Workstream members are:

– Allison Potts (IIL)
– Deborah Finch (IUA)
– Geraldine Wright (LIIBA)
– Ian Simons (CII)
– Paul Awcock (Lloyd’s)
– Pauline Miller (Inclusion@lloyd’s)
– Rachel Crocker (LMG)
– Ruth Taiwo (LMG)

  • Matthew Wilson

    Group Chief Executive Officer

Progress

2019 Progress

In May 2019 we published the Future of Skills in The London Market. In the last five years the London Market has taken steps to put in the place the foundations for a digital market, and there has been progress around adoption of e-placement and other important tools. Staff at every level in underwriting and broking businesses will be thinking about the impact of this on what they do every day.

The London Market Group wanted to facilitate a market wide debate about what that means for all of us. With the help of KPMG, practitioners across all sectors were engaged in thinking about where the London Market is now and where it needs to be in terms of skills. Of course, this is not just about technology, it is about collaboration, innovation, communication and risk partnering. The report highlights what can and should be done and makes some important suggests on how to take action.

In the coming year we are planning a series of events to support the report’s finds and crucially the businesses that operate in our profession to navigate the future. This will include free taster sessions in data science and innovation, and lectures and talks that give further insights.

Scroll down for updates on our award-winning London Insurance Life (LIL) campaign.

Assessment

The LMG’s talent assessment activities review the current position and challenges faced by the London Market and, ensure talent generation… read more

Market Engagement

The LMG’s market engagement activities help to ensure that the London Market: Has awareness of the benefits of having a diverse workforce and… read more

Talent Engagement

The LMG’s talent engagement activities are centred on its London Insurance Life (@LIL) campaign which is designed to attract entry-level talent… read more

London Insurance Life

Did you know the London Insurance Market is the world’s largest market for commercial and specialty insurance? It comprises of circa 350 organisations, which employ 35,000 people in London and 17,000 outside of London, and without it the commercial world would grind to a halt.

The London Market Group (LMG) wants to attract a new generation of talent, and our Instagram, Facebook and Twitter pages aim to give you insight into the unique and rewarding career opportunities the London insurance market offers. These pages bring to life the people and the jobs they do in the London insurance market and include details of entry level jobs, schemes and events for people considering a career in the London insurance market.

  • Job Opportunity Applications for the THB 2020 Graduate Programme are
  • Job Opportunity Applications for the THB Summer Internship Programme are
  • Are you eager to learn and try new things? Can
  • Today we are excited to launch our LondonInsuranceLife Bursary! Are

See the source image

The LMG is not a recruitment agency and can NOT help with individual job searches.

The LMG works closely with the Chartered Insurance Institute’s (CII) and supports its award-winning ‘Discover Risk’ programme. So find out more about why a career in insurance is a risk worth taking….

Discover Risk

The CII’s Discover Risk campaign brings you closer to insurance professionals. Our school and college events showcase examples of risks that the London Market insures, from films to chocolate. Or you can play our free Discover Risk app. Our free Discover membership is the smart way to convert your interest in to something more concrete – you’ll join the CII’s network of 125,000 professionals and it won’t cost you a penny.

Discover Risk website

Download the Discover Risk app

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googleplay

London Insurance Market information

London Insurance Market overview
London Insurance Market stats

@LIL ambassadors

Help us to attract a new generation of talent to the London insurance market

As part of the LMG’s drive to recruit a new generation of diverse talent, the London Insurance Life (@LIL) campaign was launched in 2017.  @LIL seeks to bring together young people considering their career options with young people working in the London insurance market, through targeted careers events and social media.

The primary audience for @LIL is young people who are contemplating their future working life.  The secondary audience is the people who influence them – such as friends, teachers, guardians and parents. Our aim is to open their eyes to the varied career opportunities that the London insurance market offers.

@LIL engages young people through its social media pages, which feature ‘people posts’ – short interviews from people working in the market in a number of different roles.  These posts give a flavour of what working life in the London market is like and the @LIL pages also promote details of entry level schemes and job opportunities.

Key to the success of the @LIL campaign are its ambassadors – people who work in the market that act as relatable role models for the people we are trying to attract.  There are currently around 130 ambassadors who give up their time to help promote a career in the London market to a new generation at careers events.

Being an @LIL ambassador offers a unique and rewarding opportunity to help attract new and diverse talent into the London market, whilst developing your own professional skills such as public speaking and it creates useful networking opportunities with other young professionals in the market.

We are currently recruiting ambassadors so if you are interested involved in the @LIL campaign please contact: Ruth.Taiwo@lmg.london

To find out more about the @LIL social media pages please visit:

See the source image

Being an ambassador is an excellent way to extend your network and develop new skills. The group meets regularly to help shape the campaign and celebrate successes.

  • Ronan Homer

    Underwriting assistant, professional and financial risks Markel International

    As an active @LIL ambassador, I have attended several careers fairs, schools and college events giving advice to young individuals about career opportunities available in the London Market. Carrying out these tasks on behalf of @LIL has improved my presentation skills and my confidence to speak in front of an audience and influence people. I’m enjoying being part of this campaign, it’s exciting to be able to encourage new talent and broaden the appeal of the market to a new generation of people.

  • Shakeela Khano

    Responsible Business Assistant, Internal Communications, Culture and Engagement, Beazley

    Since starting my career in insurance
    through an internship programme, I have
    always wanted to ‘give back’ by helping young
    people to understand the career opportunities
    available to them in insurance.

    On top of my job as a Responsible Business Assistant at Beazley, being an @LIL
    ambassador is a great way to achieve this. The programme helps to promote career
    opportunities in insurance to young people who either aren’t aware of the industry or don’t know how to get into it. It’s a great way to attract a talented and diverse workforce.

Talent & Diversity

Market Efficiency

Client Lens

Insight & Outlook

Why London?

Business Environment

Click ‘Client’ to view the LMG’s capabilities, click the orbits to vist the relevant section

Click on any of the capabilities to find out more

We deliver solutions that enrich the business environment in which we operate and drive greater efficiancy in the London Market.

We actively promote the London Market to all parties that can help it grow and be more competitive.

We research areas to highlight issues and risks, assess opportunities and stimulate the development of innovative solutions.

We work togethor as the London market and communicate as one voice on issues that affect us.

We consult on strategic, operational and tactical issues that affect our clients and the London Market

London Insurance Life Bursary

The LMG is changing the way entry-level roles in the London Insurance Market are perceived. Our ambition is to increase the number of diverse, high-quality graduates that meet the needs of employers within our sector. As part of this, we would like to make entry into the London Insurance Market more attractive, accessible, and more closely aligned to the needs of upcoming graduates.

What is it?

The bursary will pay off up to 50% of your student loan in relation to your tuition fees.

Who can apply?

To be eligible to apply, applicants must have secured a full-time position within the London Insurance Market at any level or have been be working within the London Insurance Market for 6 months or less.

All applicants are welcome, but applicants must demonstrate how they have promoted and encouraged diversity for an underrepresented group. We are looking for individuals with the creative skills, passion and drive to embark on a journey in increasing diversity within the London Market.

Diversity includes and is not limited to:

  • Ethnicity
  • Gender
  • Race
  • Sexual orientation
  • Health
  • Disability
  • Education

How to apply

The 2019 application process will open from 12th November 2019 to 1st January 2020. Click here to download employer and student guides and application form.

 

A copy of Lloyd’s Privacy Notice can be found here , under which the LMG adhere. This notice describes how Lloyd’s as a data controller, collects, uses, shares and retains the personal information you provide. Lloyd’s and the LMG is committed to ensuring that any personal data it receives is protected and handled in accordance with applicable data protection laws.

 

FAQs (Frequently Asked Questions)

How long do I have to have been employed in the market?

-6 months or less on a contract that is at least 18 months (this includes permanent roles)

Can I apply if I am on a placement year (in my degree) within the market and have not graduated yet?

-No, unfortunately the London Insurance Life bursary is only applicable to candidates who are graduates

Is the London Insurance Life Bursary taxable?

-Yes it is

Will the London Insurance Life Bursary be paid instalments or a lump sum?

-The bursary will be paid in two instalments

Do I have to follow London Insurance Life on social media in order to apply?

-No, but it would be beneficial for you to do so regardless, in order to stay up to date and find out about other opportunities within the London Market (you can find us on Twitter, Instagram, Facebook & LinkedIn)

What does it mean to ‘promote or encourage diversity for an underrepresented group’?

-Essentially, it is asking what you have done in real life (in work, education, community, art etc) or through your online presence to advocate for diversity, especially towards groups who are generally underrepresented within the UK

Is there an age limit on who can apply?

-No, you can be of any age, as long as you are a graduate who has been working within the London Insurance Market for 6 months or less. Mature graduates are welcome to apply

When is the deadline to apply for the London Insurance Life Bursary?

-The deadline is 1st January 2020 at 11:59pm. Should there be an extension, this will be announced on our social media pages and website (so do follow us!). Please aim to apply in good time before the deadline

If my question is not answered in the FAQs, who can I contact?

-Please contact Ruth Taiwo on ruth.taiwo@lmg.london

 

 

 

 

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