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Allianz Insurance has welcomed 24 university students who have enrolled on the company’s summer internship scheme.
The students, who will be based at Allianz offices across the UK, will take up positions in a number of business areas including Retail, Commercial, Finance and Claims. During the nine-week programme they will undertake a variety of tasks aimed at providing practical experience of the insurance industry.
Now in its fourth year, the Allianz scheme attracted 7,500 applicants for this year’s 24 places, 3,000 more than the number of applicants in 2011. All interns are paid on a competitive pro-rata basis and at the end of the placement are given feedback on their contribution to the business, with the option of being fast-tracked onto one of the Allianz graduate schemes upon completion of their studies.
Amanda Haig, HR manager, graduates at Allianz, said: “Getting hands-on work experience in a business can really improve young people’s confidence, employability and prospects in the jobs market. The increasing popularity of our scheme shows that more students are pursuing work experience opportunities and, importantly, more are looking at careers in insurance.
“The graduate recruitment market has never been more competitive and internships can help students make more informed decisions about their careers. We are keen to attract as much talent to Allianz as possible and recognise the benefit of engaging with students and offering practical, paid experience with real responsibility.”
The British Insurance Brokers’ Association (BIBA) has appointed Gleaming Wholesale, as the exclusive provider of its new Cleaning Contactors scheme which provides enhanced cover and commission for BIBA members and interest free instalments.
The scheme underwritten by Hiscox Insurance includes specialist cover such as damage to property, treatment risks, loss of customer’s keys and failure to secure premises.
Steve Foulsham, BIBA’s Head of Technical Services, said: “We are delighted to be able to offer our members a comprehensive and flexible scheme which will cater for a wide range of occupations, delivered via an online facility.”
Martin Holden, Director of Gleaming Wholesale, said: “We are absolutely delighted to work in partnership with BIBA and to be able to bring this innovative product exclusively to BIBA members.
“We pride ourselves in the professionalism and quality of our service and feel that this will fit perfectly with BIBA members’ needs when it comes to placing cleaning contractors liability insurance for their clients.
“Our website and method of delivery is something we are extremely proud of as we feel it delivers something that is quite unique in this field and will support the new business and retention demands placed on brokers in the current business environment.
“Reducing the administration burden by making use of the internet and secure IT systems plus having the broking expertise and solid insurer behind it means the BIBA Cleaning Scheme is truly something that can be of great value to any BIBA member and we look forward to working with them in the future.”
The scheme provides many features and benefits including:
• 0% interest free instalments
• Continual policy cover, no renewal process
• No proposal forms to complete
• No declarations to chase
• Low minimum premiums from just £190.40
• Immediate turnaround of all quotes
• Electronic delivery of all policy documents
• Excellent levels of commission
• No minimum commitment levels
• Cover available for buildings and contents
• Cover available for tools and machinery
• Combined liability or PL only cover available
For more information visit www.bibacleaningscheme.co.uk
Responding to the Financial Services Authority’s consultation paper on the Financial Services Compensation Scheme, Steve White, Head of Compliance and Training, at the British Insurance Brokers’ Association (BIBA), said: “We are very concerned that the financial cap on our sub-class is being raised by 50% to £300m. Our consultants will be closely studying the accompanying economic study of affordability, prepared by Deloitte and we will then respond accordingly. We are also very concerned about the suggested creation of the ‘retail pool’ which could have serious consequences for our members if significant failures occur elsewhere in the funding scheme.”
Eric Galbraith, BIBA Chief Executive, added: “BIBA together with our lawyers and consultants remain engaged in helping us find a more equitable long term solution for insurance brokers. It will not be easy but all options must be considered.”