Lloyd's to establish training programme

Lloyd's has announced that it will be establishing a dedicated programme to recruit and train 50 claims professionals over the next five years.

The Lloyd's claims talent programme will target new graduates and provide advanced training to select market practitioners.

Kent Chaplin, Lloyd's head of claims, said: "This has been set up in direct response to concerns from managing agents that they may soon be facing a skills shortage in the area.

"Of the managing agents we asked, nearly two thirds reported that they have faced real challenges recruiting high quality candidates, which we think the programme will address."

The programme will combine training in claims specific subjects and case studies alongside practical placements at Lloyd’s, broking firms, managing agents and law firms, and will be supported by professional examinations.

The first group of market practitioners will join early next year, and the initial graduate intake will follow in the autumn.

Chaplin said: "Claims is an extremely important side of insurance for the policyholder – it's the shop front. With that in mind, it's imperative that we have the best and brightest people working in the field."