The new apprentices will earn a nationally recognised qualification in customer service, insurance and actuarial science and will also receive a full time position with Co-op Insurance, enabling them to earn while they learn.

Of the 25 new recruits, six of the apprentices have been appointed from within the Co-op’s own Academies, schools sponsored by The Co-op Group.

All of the successful candidates have the opportunity to earn qualifications up to degree level and will benefit from a competitive salary, well above the national average for apprenticeships.

The planned expansion supports the business’ growth strategy to employ a further 30 insurance apprentices in the next five years.

Mark Summerfield, CEO of Co-op Insurance, said: “The Co-op Insurance apprenticeship scheme is instrumental in supporting young people in getting the skills they need to enable a successful career in finance.

“Our apprentices play a vital role in the day-to-day operations of our business and we’re proud to be able to say that we pay well above the national average as a way of recognising their efforts.

“Many believe you need to be educated to degree level to enter the financial sector but the industry is evolving. An apprenticeship is an excellent opportunity to get your foot on the career ladder whilst getting a financial head start.

“In addition to these benefits, the scheme offers young hopefuls the opportunity to gain valuable work place skills, which will lay the foundations for a successful career in whichever path our apprentices choose.”