Life Actuarial Graduate Programme 2025
Location: Swindon
Start Date: September 2025
Closing date for applications: Sunday 20th October 2024
Insurance is so much more than you think!
Are you looking for a career that will excite, challenge and inspire you after you've finished university? If so, a Zurich Insurance graduate scheme could be just what you're looking for. It's a great way to get real-life experience of working in insurance and discover what you enjoy. You'll get plenty of opportunities and support to shape your career and make a difference to our customers at a time when they need us the most.
Each Zurich graduate scheme is a permanent role and is just the start of your career with us. We'll 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.
What can I look forward to?
You will be working in an actuarial role from day one, gaining experience working alongside a team of actuaries. During your time as an actuarial trainee and newly qualified actuary, you will rotate between teams to gain a great understanding of the breadth of actuarial work and how each team contributes to great customer protection and outcomes.
Throughout your training you will develop a variety of actuarial skills, such as:
- analysing data using actuarial software and programming languages.
- projecting financial results (profit and solvency) using expert actuarial judgements.
- communicating your results to key stakeholders to inform business decisions.
- continuously improving our processes including use of new technologies such as predictive analytics; and analysing the business’ exposure to risks.
To help you pass the exams we provide a generous allowance of paid study days, up to a maximum of 52 a year depending on the exams chosen. We recognise that passing exams is important to you and strive to give you the required time to do so, especially around exam time. In addition to paid study days, we also cover all the financial costs required to qualify. This can include exam fees, study materials, tutorials, mock exams, professional membership, and required travel.
We are serious about investing in our people. We run a mentoring scheme to help guide you through your early experiences and give you advice with structuring your exam and revision time. Working in a team alongside qualified actuaries will give you the best professional experience and we always encourage questions because the best students seek to understand what it is they are doing and why they are doing it.
Additionally, the Zurich Graduate Scheme will help you develop your non-actuarial skills, such as presenting, communicating, influencing others, and career planning. This will aid you in becoming more well-rounded in your skill set, offering important building blocks towards being a good actuary.
Zurich employees enjoy a hybrid working model, working from the office and home. Initially you will be expected to attend the office regularly whilst you learn about Zurich and your role.
What’s in it for you?
As well as joining a company that is passionate about our people, sustainability and our customers, we also have a competitive rewards and lifestyle benefits package.
You’ll receive:
- £32,550 starting salary with twice yearly pay reviews following exam results, whilst you are on the study scheme, to reflect exam passes and office performance.
- 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
What you’ll need:
- Although we are a hybrid workforce, you should be within a commutable distance to the office workplace stated in this advert
- Strong IT skills, knowledge of Excel is preferable (but not essential)
- Comfortable with maths and a logical mindset
- Appetite to learn
- Effective personal planning and organisation
- Strong interpersonal and communication skills
- Ability to build strong working relationships
- A professional attitude and a positive approach to your work
Entry Requirements:
- You must have recently achieved (within the last three years) or on track to achieve a minimum 2:1 in a Maths-based subject (e.g. mathematics, statistics, economics, engineering, chemistry and physics) from your bachelors (or equivalent) degree.
- A minimum C/4 grade in both English and Maths at GCSE level (or equivalent)
- At least 128 UCAS points in three A-levels including an A in Maths
- 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 year.
Are you ready to create a brighter future?
At Zurich our brand purpose is to create a brighter future together, for our customers, our partners, our employees and the planet. It’s a promise that for our customers, we will put their needs at the heart of everything we do and for our employees, to grow and develop together. For our partners, to collaborate to create mutual value and for the planet, to drive positive impact by integrating our sustainability work into how we do business. We put our customers at the heart of everything that we do, and we’re looking for like-minded people to join us.
We’re passionate about diversity and inclusion, we want our people to bring the whole of themselves to work. You’ll have every opportunity to use your drive and enthusiasm to innovate the future of Zurich. Everybody is made to feel welcome, different opinions are valued, personal needs are respected, and opportunity is equal for all.
So make a difference. Be challenged. Be inspired. Be supported, Love what you do. Work for us.
Please note we are unable to progress your application if you don't meet our criteria listed above. Please ensure you have the 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 in order to apply.
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