Glasgow - an insurance super-power

10 Jul 2017

Glasgow has been revealed as one of the most important areas for the UK's insurance and long-term savings industry, outside London.

New independent analysis by Volterra, commissioned by the Association of British Insurers (ABI), has shown for the first time the extent to which the sector powers the economies of cities across the UK through jobs and investment.

The insurance and long-term savings sector provides over 10,000 jobs in Glasgow, contributing over £1 billion to Glasgow's economy.

Over the last decade, the sector has increased its skills base through a pipeline of recruits available from local colleges and universities. Another reason has been the established presence of the Insurance and Actuarial Society of Glasgow (IASG - the city branch of the Chartered Insurance Institute), the professional body for insurance professionals.

Huw Evans, Director General of the ABI, says:"It's clear that Glasgow is of enormous value to firms, offering the perfect mix of location, infrastructure and talented workforce to help insurance businesses thrive."

Check out this video produced by IFSD Glasgow to hear young insurance professionals on why Glasgow is a great city to develop their careers and a great place to live.