Actuarial (General Insurance) - Graduate Development Programme

Details

Description

What can I look forward to?

We want to develop future actuarial leaders that understand the breadth of our actuarial teams and how they contribute to great customer protection and outcomes.

We provide insurance solutions for an immense range of customers: from members of the public, through small and medium sized enterprises, to local government organisations and large multi-national corporations. Our actuarial teams drive the pricing and reserving for all these markets. You’ll be expected to apply actuarial techniques to support critical commercial decisions, as well as the management and reporting of our business.

Within our General Insurance business, which looks after all non-life products such as Motor, Property and Liability, there are two sub streams:

  • In the actuarial reserving team, you'll be calculating the expected level of future claims. By applying statistical techniques, analysing trends as well as experience against expectations, communicating business insight and estimating capital requirements you'll become a valuable member of the reserving function.
  • In the actuarial pricing team, you’ll help to set the prices for the insurance policies we sell by calculating which risk characteristics lead to higher or lower expected claims costs. As part of this you'll find yourself analysing profitability, improving approaches to customer segmentation, and developing market-leading pricing technology.

There is no mandatory rotation between roles on the General Insurance stream – instead graduates will be placed into one specific role in Reserving or Pricing. Movement between sub streams & roles is common as an actuary progresses through their career, but this will be determined by individual preference and availability.

To help guide you through your early experiences we run a mentoring scheme to help give you advice with structuring your exam and revision time. This is all underpinned by a comprehensive support programme including – membership and examination fees, study materials, tutorials and up to 50 days paid study leave a year.

What’s in it for me?

As well as joining a company that is passionate about sustainability and our customers, you can expect:

  • £31,000 starting salary
  • An excellent study support scheme
  • 25 days holiday plus an additional 3 volunteering days
  • Full private medical cover
  • 12% company pension contribution
  • Annual company bonus
  • Discounted gym membership, discounted gadget insurance
  • Discounted technology offers

What you’ll need?

  • A 2:1 degree (predicted or recently achieved) in any undergraduate discipline
  • A least 112 UCAS points - (or equivalent) from 3 A-level subjects which must include Maths at grade A
  • A** to C grade (9 to 4) in Maths and English GCSE
  • Excellent numerical and analytical skills, the ability to learn new technical skills and be comfortable with large amounts of data
  • Willingness to work towards achieving FIA – Fellow of the Institute of Actuaries professional qualification
Apply now

 

Apply now

Zurich Insurance

With about 55,000 employees serving customers in more than 170 countries we aspire to become the best global insurer as measured by our shareholders, customers and employees.

Zurich Insurance Interview Reviews

  • Technical Business Consultant

    23 March 2018

    My initial telephone conversation was a brief chat to talk to me about the role. It was Zurich who contacted me. In the official interview, I was asked various competency...

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