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Insurance - Compare Routes
There are many instances on these pages where rolling your mouse over a graphic can reveal additional information. As well as the routes on this page moving your mouse over the Level numbers reveals information about that level.
Move over a Route to show the route - click the route for details and links
Entry Level
Level 1
Level 2
Level 3
Level 4
Level 5
Level 6
Level 7
Level 8
Entry Level
Level 1
Level 2
Level 3
Level 4
Level 5
Level 6
Level 7
Level 8
Qualification Levels

There are eight qualification levels and an entry level in the National Qualification Framework.

The levels shown opposite illustrate the qualification from the National Qualification Framework and the corresponding framework for Higher Education Qualifications.

In addition to the qualifications illustrated there is a wide variety of other vocational qualifications e.g. in IT there are qualifications offered by Microsoft, Oracle and Cisco which can be used to complement qualifcations from the framework.

In many cases it is possible to get in-work training in such qualifications.


Entry Level

Entry level qualifications recognise basic knowledge and skills and the ability to apply learning in everyday situations under direct guidance or supervision. Learning at this level involves building basic knowledge and skills and is not geared towards specific occupations.


Level 1

Level 1 qualifications recognise basic knowledge and skills and the ability to apply learning with guidance or supervision. Learning at this level is about activities which mostly relate to everyday situations and may be linked to job competence.


Level 2

Level 2 qualifications recognise the ability to gain a good knowledge and understanding of a subject area of work or study, and to perform varied tasks with some guidance or supervision. Learning at this level involves building knowledge and/or skills in relation to an area of work or a subject area and is appropriate for many job roles.


Level 3

Level 3 qualifications recognise the ability to gain, and where relevant apply a range of knowledge, skills and understanding. Learning at this level involves obtaining detailed knowledge and skills. It is appropriate for people wishing to go to university, people working independently, or in some areas supervising and training others in their field of work.


Level 4

Level 4 qualifications recognise specialist learning and involve detailed analysis of a high level of information and knowledge in an area of work or study. Learning at this level is appropriate for people working in technical and professional jobs, and/or managing and developing others. Level 4 qualifications are at a level equivalent to Certificates of Higher Education.


Level 5

Level 5 qualifications recognise the ability to increase the depth of knowledge and understanding of an area of work or study to enable the formulation of solutions and responses to complex problems and situations. Learning at this level involves the demonstration of high levels of knowledge, a high level of work expertise in job roles and competence in managing and training others. Qualifications at this level are appropriate for people working as higher grade technicians, professionals or managers. Level 5 qualifications are at a level equivalent to intermediate Higher Education qualifications such as Diplomas of Higher Education, Foundation and other degrees that do not typically provide access to postgraduate programmes.


Level 6

Level 6 qualifications recognise a specialist high level knowledge of an area of work or study to enable the use of an individual's own ideas and research in response to complex problems and situations. Learning at this level involves the achievement of a high level of professional knowledge and is appropriate for people working as knowledge-based professionals or in professional management positions. Level 6 qualifications are at a level equivalent to Bachelors degrees with honours, graduate certificates and graduate diplomas.


Level 7

Level 7 qualifications recognise highly developed and complex levels of knowledge which enable the development of in-depth and original responses to complicated and unpredictable problems and situations. Learning at this level involves the demonstration of high level specialist professional knowledge and is appropriate for senior professionals and managers. Level 7 qualifications are at a level equivalent to Masters degrees, postgraduate certificates and postgraduate diplomas.


Level 8

Level 8 qualifications recognise leading experts or practitioners in a particular field. Learning at this level involves the development of new and creative approaches that extend or redefine existing knowledge or professional practice.


Insurance
What do Insurers do?
Those in the Insurance industry work for general insurance companies, specialist insurance companies, insurance brokers and Lloyd's of London. Employers find it difficult to find well qualified staff.

There are some highly specialised jobs that require a high level of maths as well as general business management and development, customer-service and financial management roles.

Insurance Underwriters assess risks and decide whether to accept applications for insurance cover

Insurance Brokers work with both insurance companies and policyholders. They advise on the most suitable products, help them to manage potential risks and arrange cover.

Insurance claims handlers are responsible for investigating incidents and paying claims.

Loss adjusters are independent claims experts who help resolve complex claims and get individuals and businesses up and running again as quickly as possible.

Actuaries analyse the maths behind insurance and risk, design new insurance policies, set premiums and answer technical queries from policyholders

Source: jobs4u/CII/FSSC/Institute of Actuaries

There are several different pathways to become qualified. The following pages give examples of just three possible routes
  • ROUTE 1 - Work based learning
  • ROUTE 2 - Vocational learning
  • ROUTE 3 - Graduate entry
Adults without formal qualifications can move into Insurance. The industry welcomes mature entrants with experience, good people skills and business sense.
What else should I be doing?
It would help your career in Insurance to:
 look for work experience or a holiday job with an insurance broker
 find out what the insurance industry does from the Association of British Insurers
 work on your communication and negotiation skills
 practise your keyboard skills
 become familiar with all the basic software such as Word and Excel
 develop your commercial awareness and enterprise skills
 practise problem solving - try some puzzles!
 
Useful links
Organisations offering accredited qualifications include: The British Insurance Brokers' Association www.biba.org.uk provides some training
The following sites have information on careers in Insurance and accredited professional qualifications: