Insurance account manager : Employers and vacancy sources

Insurance account managers are employed by two main types of employer:

• insurance companies;
• large brokers.

According to the Association of British Insurers (ABI)  there are 934 companies that are authorised by the Financial Services Authority (FSA)  to carry out insurance business in the UK (ABI, UK Insurance - Key Facts, 2010). These are divided into:

• 701 providing general cover (e.g. motor, household and commercial insurance);
• 190 carrying out long-term business (e.g. life insurance and pensions);
• 43 carrying out both general and long-term business.

The top ten general insurance and life and pension insurance groups are by far the most likely to recruit and train graduates through formal schemes, although account managers with experience are regularly sought by smaller insurers.

Lloyd's of London  also employs insurance account managers. Lloyd’s is a unique insurance market where brokers place business on the market for their clients. This business is then taken up by a syndicate of underwriters or individual companies within the London Underwriting Centre (LUC) .

Sources of vacancies

• Search graduate jobs on this site.
• Insurance Jobs  
• Insurance Jobs Board  
• Insurance Times Jobs  
• Online Insurance Jobs  
• Exec-appointments  - Financial Times jobsite.
• Financial and vacancy sections of the national press, e.g. The Daily Telegraph Jobs  and Guardian Jobs .
• Sites with financial job vacancies, such as eFinancialCareers , are also worth checking.

Several recruitment agencies, for example Independent Appointments , also specialise in insurance vacancies. See the Recruitment and Employment Confederation (REC)  website for details.

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