Actuarial Graduate Programme (General Insurance) null

Your role

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. 

Within the General Insurance business there are two streams: 

• Actuarial reserving team:
  • You’ll be calculating the expected level of future claims.
  • By applying statistical techniques, analysing 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 the firm sells 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 

About you

What you’ll need: 

• Although Zurich Insurance has 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 
• The motivation to carry on studying towards a professional qualification alongside maintaining office performance 
• Strong interpersonal and communication skills 
• Ability to build strong working relationships 

Entry Requirements: 

• A minimum 2:1 degree (or equivalent) in a STEM subject or Economics - predicted or recently achieved (within the last three years). 
• A minimum C/4 grade in both English and Maths at GCSE level (or equivalent). 
• A minimum Maths A grade at 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.
• The firm cannot accept applications from those who require sponsorship to work in the UK.
• You must have resided in the UK for a minimum of three consecutive years. 

Compensation & benefits

What’s in it for you? 

As well as joining a company that is passionate about the people, sustainability, and the customers, Zurich Insurance also has a competitive rewards and lifestyle benefits package.  

You’ll receive: 

• £32,550 starting 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 
• Private medical cover 
• 12% company pension contribution 
• Annual company bonus 
• Discounted gym membership 
• Discounted gadget insurance 
• Discounted technology offers 

Training, development & rotation

As you gain experience, rotations between the two streams are possible based on your appetite. Along with working alongside qualified actuaries to give you the required professional development to become a qualified actuary, you can also look forward to a comprehensive support programme. There is also an internal ‘Actuarial Academy’ programme which supplements the graduate programme and actuarial exams, aimed at broadening your actuarial skills and industry knowledge with shadowing opportunities, as well as professional development, to give you all the support you need to be a successful actuary.  They run a mentoring scheme to help guide you through your early experiences and give you advice on structuring your exam and revision time.

Career progression

You'll get plenty of opportunities and support to shape your career and make a difference to the customers at a time when they need them the most. Each Zurich graduate scheme is a permanent role and is just the start of your career with the company. The firm will continue to cheer you on every step of the way once you’ve finished and will remain committed to helping you grow. Working in insurance is so varied - you’ll find many different opportunities to explore. 

How to apply

Zurich Insurance's recruitment process:

• Search and apply
• Application review
• Selection process - face-to-face or phone interview
• Onboarding

Sources

The following sources were used in researching this page:

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