If your heart is set on working overseas, it is hard to look past the spiritual and historic home of modern insurance, London. And in the modern insurance world of international insurers and reinsurers, there are also of course the big players in Germany, Switzerland and other European countries too. At least one YIPs alumnus is a global division head for an international insurer and now based in Europe.
Obviously, if you hold a UK or EU passport, the process of moving to and working in the Eurozone is relatively straightforward. But even if you don't hold one of these passports, there is is still hope for young Antipodean YIPs wanting to live and work in the UK or Europe - that's one of the biggest benefits of working in insurance.
All of the international insurers, brokers and assessors will have offices in the UK and various countries in Europe. By planning your insurance career carefully you can build up skills and a healthy cv to make you more employable by those organisations. All the better if you work for one of them in Australasia since certain roles within and areas of their businesses necessarily require overseas travel. Secondments and overseas postings are possible too.
And even if you don't work for one of the international giants, many Australian and New Zealand insurance organisations have relationships particularly with the London market. It's hard not to since much of the global professional indemnity and Directors & Officers capacity and reinsurance pool is based there. If you keep your current employer on side, put in the hard yards and earn your stripes they may be willing to introduce you to their overseas contacts.
And far from worrying about the 'brain drain' or losing talented YIPs overseas, many progressive employers actually see the longer term benefit of helping develop and support their YIPs staff; after all, once Australasian YIPs have 'done' their working travel, they are often more likely to return to the employers who supported them to do that, in the first place. Plus, they have a whole lot of new skills and contacts which may actually enhance the business. You never know until and unless you have that conversation with your employer.
Don't forget to check out our Working in the Asia-Pacific section too - since many major UK and European insurers are using countries like Singapore as their bases for their Asia-Pacific operations. Getting your foot in the door into global insurance organisations operating in some of those countries may actually be a good stepping stone to being able to reach your goal of working in UK/Europe.
Plus it's a much shorter flight and closer to family and friends in New Zealand and Australia!
Note that this information is generic only and you will need to do your own independent research into visa requirements for your personal circumstances,in particular.