Actuarial (General Insurance) Industrial Placement Programme null

Your role

Job Description:

The team provides insurance solutions for an immense range of customers: from members of the public, through small and medium-sized enterprises, to local government organizations and large multinational corporations. The actuarial teams drive the pricing and reserving for all these markets.

Job Responsibilities:

Within the General Insurance business there are two streams:

• Actuarial Reserving Team - You’ll calculate the expected level of future claims. By applying statistical techniques, analyzing trends including experience against expectations, communicating business insight, and estimating capital requirements, you’ll become a valuable member of the reserving function
• Actuarial Pricing Team - You’ll help to set the prices for the insurance policies Zurich sells by calculating which risk characteristics lead to higher or lower expected claims costs. As part of this, you’ll find yourself analyzing profitability, improving approaches to customer segmentation, and developing market-leading pricing technology

About you

What You’ll Need:

• Although Zurich are a hybrid workforce, you should be within a commutable distance of the office workplace stated in this advert
• You’ll need strong mathematical skills, as an analytical approach and a high level of numerical aptitude are essential
• The ability to learn new technical skills, be comfortable with large amounts of data or information, and have an eye for detail
• Excellent teamwork, communication, and interpersonal skills
• A strong interest in pursuing an actuarial career post-graduation, alongside maintaining office performance

Entry Requirements:

• A minimum 2:1 degree (or equivalent) in a STEM subject or Economics – predicted
• A minimum C/4 grade in both English and Maths at GCSE level (or equivalent).
• A minimum A grade at Maths A-level
• At least 128 UCAS points from 3 A-Level subjects (or equivalent)
• You must have an indefinite, full right to work and reside in the UK. Zurich cannot accept applications from those who require sponsorship to work in the UK. You must have lived in the UK for a minimum of three consecutive years.

Compensation & benefits

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

• £21,840 salary
• 25 days holiday plus an additional 3 volunteering days
• You can request to swap UK bank holidays for days off that have cultural or religious significance to you
• Full private medical cover
• 12% company pension contribution
• Annual company bonus
• Discounted gym membership
• Discounted gadget insurance
• Discounted technology offers

Training & development

As part of the actuarial team, you will have the opportunity to develop whilst learning from a group of talented actuaries and analysts both within the UK team and throughout the wider Group. Before you begin, you’ll be put in touch with a buddy who can help support you with any questions you may have about starting. Along with working alongside qualified actuaries, Zurich also provides internal actuarial training to help you understand some of the other work it does, so you can get insight into work that you may not necessarily get a chance to be involved in.

Career progression

Zurich's industrial placements are ideal for students in their penultimate year of study. As well as gaining some great experience, successful completion of your industrial placement in 2025 could lead to you being offered a place on one of our graduate programs starting in 2026.

How to apply

Application Process:

• Search and Apply
• Application Review
• Selection Process
• Onboarding

Sources

The following resources were used in searching this page:

• youtube.com/@Zurich.Insurance
• zurich.com/careers/careers-at-Zurich