At a Glance
- Tasks: Lead on insurance policy issues and engage with key stakeholders to drive impactful change.
- Company: Join a dynamic team within the UK government focused on insurance market strategy.
- Benefits: Enjoy generous leave, a strong pension scheme, and flexible working options.
- Other info: Great opportunities for learning and career growth in a fast-paced setting.
- Why this job: Make a real difference in financial services while developing your skills in a supportive environment.
- Qualifications: No specific qualifications needed; just bring your passion and relevant skills.
The predicted salary is between 63000 - 77000 £ per year.
Are you looking for a stretching and fast-paced role covering a diverse range of policy issues in insurance markets? If so, we’d have the role for you!
About the Team
The Insurance and Pension Markets team is a friendly and busy team, that works flexibly and collaboratively on a wide range of policy initiatives, to meet its policy goals. These are to:
- Grow the economy by enabling institutional capital to be invested productively and keeping UK insurance and pensions markets globally competitive.
- Deliver for consumers and businesses by promoting fair, effective markets that provide good value and reliable protection.
- Protect the UK’s long‑term interests by strengthening financial stability, resilience and managing risks to the public finances.
About the Job
In this role, the key accountabilities will include:
- Emerging issues – leading our response to acute or ongoing challenges in insurance markets. This includes developing our response, often at pace, and presenting options to ministers. Recent work has included periods of crisis, including global conflicts such as Ukraine/Russia and Iran, where questions around insurance provision regularly feature.
- Financial inclusion – Working across the team to help develop our approach to financial inclusion in insurance. This includes working closely with Financial Services Group colleagues leading on the Financial Inclusion Committee and the wider financial inclusion agenda, responding to the significant Parliamentary and Ministerial focus on this agenda.
- Life and protection insurance policy – Developing knowledge and understanding of challenging life insurance policy issues (e.g. social care insurance and income protection insurance), and act as the policy lead for these areas.
- Mutuals – leading on mutual insurance, working with colleagues across Financial Services, on how to take forward policy to ‘double the size of the mutuals sector’. Lead on a live Law Commission review of the Friendly Societies legislation, build the team’s knowledge and expertise on this market, and consider wider mutuals issues through an insurance lens, including working with the Department for Business and Trade, and the regulators.
- Engagement – The role will involve significant engagement with other government departments, regulators and insurance sector representatives. It will involve building strong working relationships, as well as requiring the post-holder to, at times, deliver difficult messages.
- Briefing and correspondence – Producing high quality briefings for senior officials and ministers and lead on relevant areas of IPM’s correspondence workload.
About You
You don’t need to be a policy professional or have any specific qualifications to apply to this role. We are looking for people who have the right set of skills for the role, who demonstrate the values of our organisation, and who are motivated to come and work with us on a range of issues that are important for our financial services sector. You will be well supported by your line management and the wider team, and opportunities to learn about the financial services sector will be provided.
Some of the Benefits our people love!
- Generous Annual Leave – 25 days (rising to 30 after 5 years), plus public holidays and the King’s birthday.
- Outstanding Pension Scheme – Defined Benefit pension with employer contributions of 28%.
- Parental Leave Packages – Including 6 months’ occupational pay for maternity/adoption, shared parental leave options.
- Flexible & Hybrid Working – Options include part-time, job-share, compressed hours, flexitime, and hybrid working (where business needs allow).
- Advance Schemes & Discounts – Rental deposit, cycle-to-work, SmartTech, season ticket loans, and access to HM Treasury’s benefits portal for a wide range of discount codes.
If you need any reasonable adjustments to take part in the selection process, please tell us about this in your online application form, or speak to the recruitment team at hrrecruitment@hmtreasury.gov.uk.
Policy Adviser, Insurance Market Strategy employer: HM TREASURY
HM Treasury is an exceptional employer, offering a dynamic work environment in Darlington where policy advisers can thrive. With a strong emphasis on personal development, flexible working arrangements, and generous benefits including a defined benefit pension scheme and extensive leave options, employees are encouraged to engage in meaningful projects that enhance their expertise and contribute to the UK's financial market innovation.
StudySmarter Expert Advice🤫
We think this is how you could land Policy Adviser, Insurance Market Strategy
✨Dive Into Industry Networking Events
Get your foot in the door by attending insurance industry events and conferences. Not only will you learn about the latest trends, but you'll also meet potential employers and industry peers. Check out local chapters of professional bodies like the Chartered Insurance Institute for valuable meetups.
✨Use LinkedIn to Your Advantage
Don’t underestimate the power of LinkedIn in the insurance world. Engage with industry content, join relevant groups, and connect with professionals at companies you admire (like HM TREASURY). A thoughtful message explaining your interest can really make a difference!
✨Look Out for Graduate Schemes
Many firms in insurance have structured graduate programmes. Keep an eye on application windows and utilise your university's career services for insider tips. These schemes are designed to develop talent and often lead to permanent roles after your initial training.
✨Leverage Your Current Connections
Got friends or family in the industry? Now’s the time to reach out! Personal referrals can give you a head start, so let them know you're on the lookout for full-time opportunities at places like HM TREASURY. Don’t shy away from asking for a coffee chat; you never know what doors it might open!
We think you need these skills to ace Policy Adviser, Insurance Market Strategy
Some tips for your application 🫡
Highlight Your Analytical Skills:In insurance, we love a candidate who can crunch numbers and analyse data effectively. When crafting your CV, make sure to showcase any relevant coursework or experiences that highlight your analytical abilities, especially if you’ve tackled risk assessment or financial modelling.
Showcase Industry Knowledge:Don’t be shy about your knowledge of the insurance sector! We want to see that you've done your homework on current trends, regulations, and challenges in the industry. Mention any relevant projects or studies you’ve completed that demonstrate your understanding of the field in your cover letter.
Craft a Compelling Cover Letter:Your cover letter should tell us why you’re passionate about insurance. Share any personal experiences or what drew you into this profession. We’re looking for enthusiasm and a clear motivation for why you want to be part of our team at HM TREASURY.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at HM TREASURY. Highlight relevant skills such as risk management, customer service experience, or any certifications you've earned in the industry to make your application stand out.
How to prepare for a job interview at HM TREASURY
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at HM TREASURY to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.
✨Showcase Your Analytical Side
In the insurance world, it's all about data. Prepare to discuss any analytical tools or methodologies you've used in past experiences. If you have a portfolio of projects where you've tackled complex data, bring that along to impress the team!
✨Prepare for Behavioural Questions
As a full-timer at HM TREASURY, they'll want to know how you handle real-life scenarios, not just theory. Think about challenges you've faced in teamwork or customer service, and how those experiences can relate to a career in insurance.
✨Know the Company Culture Inside Out
Understanding HM TREASURY's values and workplace culture is essential. Don’t just memorise their mission statement; think about how your personal values align with theirs. This will show your genuine interest in being part of their team long-term.
