Actuarial (General Insurance) Industrial Placement Programme 2026

Zurich 56 Company Ltd; City Of London; Hybrid; GBP 60,000 - 80,000; Full time

Job summary

A leading global insurance firm is offering an industrial placement for students interested in actuarial careers. This opportunity allows you to work with talented actuaries in areas such as pricing and reserving while gaining valuable experience before graduating. Candidates should possess strong analytical and mathematical skills, along with an interest in the insurance sector. This role includes competitive benefits like private medical cover and a generous pension contribution.

Benefits

25 days holiday plus 3 volunteering days

Full private medical cover

12% company pension contribution

Annual company bonus

Discounted gym membership

Qualifications

• You must have an indefinite, full right to work and reside in the UK.
• A minimum C/4 grade in both English and Maths at GCSE level.
• A minimum A grade at Maths A-level.
• At least 128 UCAS points from 3 A-Level subjects.

Responsibilities

• You’ll be part of the actuarial team developing pricing and reserving.
• Calculate expected future claims and analyze risk characteristics.
• Contribute to internal actuarial training and support from qualified actuaries.

Skills

Strong mathematical skills

Analytical approach

Team-working

Communication skills

Attention to detail

Education

A minimum 2:1 degree (or equivalent) in a STEM subject

Job description

Overview

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126903

Location: London, Farnborough, Birmingham or Whiteley

Closing date for applications: Sunday 26th October 2025

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 2026 could lead to you being offered a place on one of our graduate programmes starting in 2027.

What can I look forward to?

We provide insurance solutions for an wide 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 company. 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 well as 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:

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 your assigned 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 – 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.

The financials

• 12% defined non-contributory pension scheme.
• Annual company bonus.
• Income Protection.
• Life cover - four times your salary.

Time away

• 25 days holiday a year plus bank holidays.
• You can also request to swap UK bank holidays for days off that have cultural or religious significance to you.
• The option to buy up to an additional 20 days or sell some of your holiday.
• Three days paid volunteering.
• Up to 16 weeks' full pay for maternity, paternity and adoption leave.

Your health is important to us

• Access to Private medical insurance.
• Virtual GP appointments.
• Discounted gym membership.
• Free flu jab.
• Access to a wealth of support from our wellbeing partners.

We\'re making a difference

• Creating a brighter, more sustainable future underpins all that we do here in Zurich. We were the first insurer to sign the ‘UN Business Ambition for 1.5˚C’ pledge.
• Our charitable arm, Zurich Community Trust, has awarded grants and volunteered time to deserving causes in the UK valued at over £90 million.