General insurance actuarial internship

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.

As you’ll only be with us for a short period, we’ll also provide training in other areas of our actuarial work that you might not have the chance to get involved in. We offer both a summer internship programme and a 12-month industrial placement.

What will I need to apply?

You must have the indefinite, full right to work and reside in the UK. We cannot accept applications from those who require sponsorship to work in the UK. You must also be in your penultimate year of undergraduate study at university.

You’ll also need the following:

• You must be in your penultimate year of study and on course to achieve a 2.1 (or above) in a STEM related subject or an economics degree at a bachelors level (or equivalent)
• A minimum C/4 grade in both English and Mathematics at GCSE level (or equivalent)
• A minimum Mathematics 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.

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 find yourself analysing profitability, improving approaches to customer segmentation, and developing market-leading pricing technology.

What else can I look forward to?

Before you start, you’ll be put in touch with a buddy who can help support you with any questions you may have about starting.

As well as working alongside qualified actuaries, we also provide internal actuarial training to help you understand some of the other work we do, This gives you an insight into work that you may not necessarily get a chance to be involved in.

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 can be discussed with your manager.