Actuarial (General Insurance) - Summer Internship Programme 2024

Zurich Insurance

Sep 11, 2023

Applications are closed

Internship
Full-time
Summer Internship
Banking & Finance
London

Requirements

Be in your penultimate year of study and on course to achieve a minimum 2:1 degree (or the equivalent) in any STEM or Economics subject
At least 120 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
An analytical approach to work
A genuine desire to learn the skills you need to start a dynamic career as an actuary

Responsibilities

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.
As an Actuarial Intern, you’ll get stuck in right from the start, supported by some of the most qualified actuaries and analysts in the industry. We’ll look to you to identify and quantify risk and to help explain the impacts and to make that happen. You’ll learn how to analyse data, assess risks and build models that will drive intelligent decision-making and senior colleagues will help to advise and develop your understanding of practical actuarial solutions.
To ensure you have the best start, as well as having a manager, a dedicated buddy will be on-hand to support you throughout your summer. Our Actuarial internships are a 10-week programme; likely start will be mid-late June.

Zurich Insurance

Finance

Industry

10,001+

Employees

1872

Founded Year

Mission & Purpose

Zurich Insurance Group, commonly known as Zurich, is a leading multinational insurance company headquartered in Switzerland with a strong global presence, including the UK. Their core business involves providing a wide range of insurance products and services to individuals, businesses, and institutions. Zurich's ultimate mission revolves around helping their customers understand and protect themselves from risks. They achieve this by offering various insurance solutions, including life insurance, property and casualty insurance, as well as pension and investment products. Zurich's purpose is to safeguard individuals and businesses against unforeseen events, ensuring financial security and peace of mind. They are committed to delivering excellent customer service, promoting sustainability and resilience, and making a positive impact on the communities they serve.