Education Fund
Educational support for everyone
Education has been part of the core mission of the WCI’s philanthropic work from its foundation.
The Livery movement’s support for education and the promotion of professionalism has deep historic roots. Many of the older Livery Companies have their own schools and have played – and still play – a key role in setting and maintaining high standards within their associated crafts and professions.
The Education Fund's legal objectives permit it to make grants to assist those who work, or would like to work, in the insurance industry. Grants may also be made to support those who wish to enter other professions, but not for more general educational purposes.
We actively strive to encourage young people to explore the diverse range of opportunities to work in our profession which is still a mystery, if not completely unknown, to many.
Recent grants made by the Fund have in particular supported teenagers at schools in deprived London Boroughs who are interested in a City career as well as promoting quality and professionalism among those in the early stages of their insurance careers.
Our Bayes Business School Scholars
The Worshipful Company of Insurers and Bayes Business School (formerly the Cass Business School) established a scholarship scheme in 2018 for students taking the MSc in Insurance and Risk Management at the School. Under the scheme, every year two students have their fees met in full.
Scholars are expected to be drawn from areas of the UK considered to be relatively lacking in educational opportunity and they must also be able to demonstrate financial need. They will probably have attended schools in the state sector. They will have been active in their local community, and be able to explain how the MSc will complement their career plans.
The MSc is largely a taught course, although it includes a dissertation requirement. It provides significant credits towards the ACII – the core insurance qualification assessed by the Chartered Insurance Institute. The MSc dissertation can be accepted by the CII as fulfilling the academic requirements for progress to the FCII. This degree also gains some exemptions from the requirements of the Institute of Risk Management qualifications. The MSc will provide a significant differentiator for graduates when applying for roles in insurance and risk management.
Please note: Entry to the MSc requires a 2:1at first degree level. Those wishing to be considered for sponsorship should first apply to MSc Insurance and Risk Management at Bayes Business School. If made an offer on the course, please then submit the WCI sponsorship application form. The deposit will be waived while your WCI application is under consideration. Applicants must be Permanent residents of the UK and must meet criteria for Home student fee status.
The Application Form for the Scholarship can be found here.
Bayes Business School WCI Sponsorship form
Useful links
MSc Scholarships at Bayes Business School
Livery schools Link
Bringing Livery and Schools Together
Encouraging, inspiring and motivating students, particularly those from disadvantaged backgrounds, can be life changing. It can help to boost their confidence, remove any pre-conceived barriers that they have, as well as help them achieve their life ambitions and enhance their career prospects.
Giving up even just a small amount of your time could have a major impact on a student’s life.
The WCI has signed up with Livery Schools Link to offer our Liverymen and Freemen the opportunity to register their interest in volunteering to visit schools across London in order to inspire students. Only a small amount of time is needed to make an impact to a student’s life, and we encourage you to do so by providing career and motivational talks.
To find out more and register your interest in this important programme helping to inspire and motivate students, please go to www.liveryschoolslink.org.uk.
We encourage members to sign up to this programme to help individuals from disadvantaged backgrounds achieve their full potential.
If you have any queries, please email: clerk@wci.org.uk
Our Support for Education
Recent grants made by the Fund have in particular supported teenagers at schools in deprived London Boroughs who are interested in a City career as well as promoting quality and professionalism among those in the early stages of their insurance careers.
The Fund currently supports the following organisations, scholarships and other projects:
If you would like to find out more about our membership please click here.
Further information on membership can be obtained from the Clerk to the Company at