Actuarial graduate programme – general insurance

Working with our actuarial reserving or pricing team, you'll use your strong numerical skills to analyse data, create models, and communicate insight to support critical commercial decisions.

What will I need to apply?

Please ensure you have the indefinite right to reside and work in the UK before you apply as we are unable to provide sponsorship. You must have resided in the UK for a minimum of three consecutive years at the time of application. 

You’ll also need the following:

• A minimum 2:1 degree (or equivalent) in a STEM subject or in 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) 

What skills will I need?

• 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 team-working, communication and interpersonal skills.
• The motivation to carry on studying towards a professional qualification whilst performing well in your role.

What will I be doing?

At Zurich, 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 multinational corporations. Our actuarial teams drive the pricing and reserving for all these markets.

You will be working for a large award-winning global insurer that values both its customers and employees. 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.

Within our 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 we sell by calculating which risk characteristics lead to higher or lower expected claims costs. As part of this you’ll analyse profitability, improve approaches to customer segmentation, and develop market-leading pricing technology.

As you gain experience, rotations between the two streams are possible based on your appetite.

What else 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.

Working with qualified actuaries will help give you the professional development you need to become one too. Alongside this, you’ll get a comprehensive support programme, including membership and examination fees, study materials, tutorials, and paid study leave. We also have an ‘Actuarial Academy’ programme which supplements the graduate programme and actuarial exams. It is 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.

We are very serious about investing in our people. That's why we have a mentoring scheme to support you as you start out, offering guidance on structuring your exam and revision time.

Where will I be based?

Reserving roles are based in London. Pricing roles are based in London, Whiteley, Farnborough or Birmingham.

We also offer flexible working which you can talk about with your manager.