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Actuarial Industrial Placement Programme 2025

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Zurich Insurance

Sep 19, 2024

Applications are closed

  • Internship
    Full-time
    Placement Program
  • Data
    Banking & Finance
  • Birmingham

Requirements

  • Although we are a hybrid workforce, you should be within a commutable distance to 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 team-working, communication and interpersonal skills
  • A strong interest in pursuing an actuarial career post-graduation, alongside maintaining office performance
  • A minimum 2:1 degree (or equivalent) in a STEM subject or in 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. We 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.

Responsibilities

  • 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
  • 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
  • Along with working alongside qualified actuaries, we also provide internal actuarial training to help you understand some of the other work we do, so you can get insight into work that you may not necessarily get a chance to be involved in.

FAQs

What is the salary for the Actuarial Industrial Placement Programme 2025?

The salary for the Actuarial Industrial Placement Programme 2025 is £21,840.

What locations are available for the placement?

The placement is available in Whiteley, Farnborough, or Birmingham.

When does the industrial placement start?

The industrial placement starts in June 2025.

What is the closing date for applications?

The closing date for applications is Sunday, 20th October 2024.

Who is eligible to apply for this industrial placement?

The industrial placement is ideal for students in their penultimate year of study who have a minimum 2:1 degree (or equivalent) in a STEM subject or Economics.

What qualifications do I need for the application?

You need a minimum C/4 grade in both English and Maths at GCSE level, a minimum A grade at Maths A-level, and at least 128 UCAS points from 3 A-Level subjects (or equivalent).

What kind of experience can I expect during the placement?

You can expect to gain real job experience with responsibilities while learning from a team of talented actuaries and analysts, with opportunities in either the actuarial reserving or pricing teams.

Is there any support available during the placement?

Yes, you will have a buddy to help support you with any questions you may have, along with internal actuarial training provided.

Are there any benefits beyond the salary?

Yes, benefits include 25 days holiday plus an additional 3 volunteering days, full private medical cover, a 12% company pension contribution, an annual company bonus, and discounts on gym memberships, gadget insurance, and technology offers.

What are the expectations regarding rights to work in the UK?

You must have an indefinite, full right to work and reside in the UK, as well as having resided in the UK for a minimum of three consecutive years. Applications requiring sponsorship cannot be accepted.

Can I apply for multiple graduate/intern opportunities?

No, you can only apply for one of the Graduate/Intern opportunities for 2025, so please ensure the role and location are right for you before applying.

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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.