Actuarial (General Insurance) Industrial Placement Programme 2025 

Location: London

Start Date: June 2025

Closing date for applications: Sunday 20th October 2024

Insurance is so much more than you think! 

Are you wanting to discover more about careers that will excite, challenge and inspire you? If so, a Zurich industrial placement could be just what you’re looking for.

Forget any preconceptions you have about the insurance industry. Our one-year industrial placements give you a real job with real responsibility and a taste for life working at Zurich.

With plenty of support around you, you’ll experience how your future career might look and help us make a difference to our customers at a time when they need us the most.

Our industrial placements are ideal for students in their penultimate year of study. As well as gaining some great experience, successful completion of your industrial placement in 2025 could lead to you being offered a place on one of our graduate programmes starting in 2026.

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

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.

What’s in it for you? 

As well as joining a company that is passionate about sustainability and our customers, you can expect:

• £21,840 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
• Full 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
• A strong interest in pursuing an actuarial career post-graduation, alongside maintaining office performance

Entry Requirements: 

• 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.

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.