General Insurance Actuarial Graduate Programme 2025
Location: London, Whiteley, Farnborough or Birmingham
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?
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. Before you begin, you’ll be put in touch with a buddy who can help support you with any questions you may have about starting.
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
As you gain experience, rotations between the two streams are possible based on your appetite.
Along with working alongside qualified actuaries to give you the required professional development to become a qualified actuary, you can also look forward to a comprehensive support programme, including membership and examination fees, study materials, tutorials, and paid study leave. There is also an internal ‘Actuarial Academy’ programme which supplements the graduate programme and actuarial exams, 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. As such, we run a mentoring scheme to help guide you through your early experiences and give you advice with structuring your exam and revision time.
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
- 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
- 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 alongside maintaining office performance
- Strong interpersonal and communication skills
- Ability to build strong working relationships
Entry Requirements:
- 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)
- 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.
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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