Insurance
The West Midlands Insurance sector is one of the largest clusters in the UK. It is characterised by the agglomeration of significant operational centres for global insurers and the HQ functions of major national speciality insurers that originated in the region.
The strength of the West Midlands’ insurance cluster and the talent opportunity that it offers continues to attract further international investment.
Recent insurance investments include Beazley Insurance Group, which established a 150-strong operational base in Birmingham, and Evari Insure, an Australian Insure-tech company that chose Birmingham as its UK HQ and primary digital development centre.
A large insurance talent pool
More than 18,600 people work for companies engaged in insurance activities in the West Midlands – more than in any other Combined Authority, excluding London (ONS, BRES, 2020). The ABI estimates that after those working on insurance-focused remits within professional services are factored in, the total number of ‘insurance’ employees in Birmingham city centre alone is 7,800 (ABI, 2019).
It means we have a huge number of people skilled across all aspects of the insurance industry. You can build a strong, talented team of people to see your business achieve its goals.
An array of global insurance powers
Some of the region’s major home-grown insurance companies remain amongst its largest employers. Wesleyan Assurance Society and NFU mutual have their global HQs here. Together, they employ almost 2,500 staff combined.
The city-region is also home to operational bases for major national and global insurers (Axa, Aviva, Phoenix Life Group) that have relocated to the area. They have successfully capitalised on the market opportunity and talent pool that Greater Birmingham offer.
To take advantage of these opportunities yourself, contact our sector expert.
Free support services
We bring together a project team from relevant organisations across the region. This team includes property agents, recruitment consultants, public sector departments and universities. It delivers a comprehensive support package to quickly and easily help you establish and scale your business in the UK.
