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LMG unveils Futures Academy to boost under 30s working in specialty insurance

Sean McGovern, CEO for UK & Lloyd’s at Axa XL

The London Market Group has announced that the EC3 insurance community will host its first 'Futures Academy', providing a fortnight of industry insights for more than 100 Year 12 students.

In the first week, a different broker or underwriter will host the students for a day in their office in EC3 in London, participating in collective activities that are designed to increase their knowledge of the industry.

The students will then each spend their second week in an individual host insurance business.

Nearly 50 firms have signed up to host 115 students in total, and the fortnight will culminate in a careers’ fair on Friday 14 July.

Shift

The LMG said the aim of the initiative is

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Founder and director of Gambit Insurance Solutions and co-Chair of iCAN Ajay Mistry believes small brokers need to be more assertive in the soft market and predicts at least one insurer will launch a product in which over 80% of the commercial underwriting workflow is transparently AI-driven.

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