Aon Graduate Programme 2027 - Insurance Actuarial Consulting – Modelling and Technology

Cooper & Hall Limited; Greater London; On-site; GBP 25,000 - 35,000; Full time

Benefits offered by this job

Professional study support

Paid study leave

Office training

Job summary

Aon in London is offering a Graduate Programme in Actuarial Consulting (Modelling and Technology). You will develop into an advisory actuary, applying data, models, and professional judgement to help clients price, transfer, and manage risk.

The role involves joining the Strategy & Technology Group, working with 80+ consultants globally, and pursuing professional qualifications. You will start with a structured Launch Programme featuring business learning, centralised learning, and study toward

Qualifications

• Mathematically based career path with specialization in actuarial modelling and technology.
• Support towards actuarial qualification (IFoA) provided as part of the programme.
• Join Strategy & Technology Group (STG) and work on actuarial modelling and technology solutions.

Responsibilities

• Work within a multi-disciplined actuarial team delivering modelling and technology solutions.
• Collaborate with senior colleagues and contribute to client projects across the life insurance market.
• Engage in technical and consulting training workshops to develop methods and client skills.

Skills

AI literacy

Prompt awareness

Critical thinking

Problem solving

Team collaboration

Client focus

Education

2:1 numerical degree

Maths A-level (A)

Tools

PathWise platform

Job description

Better Decisions Begin with You

At Aon, we help organisations make better decisions. Through our expertise in Risk Capital and Human Capital, we help businesses navigate uncertainty, make confident decisions and achieve better outcomes for their people, clients and communities. As an early careers colleague, you'll play a role in solving real business challenges while learning from experts across our global organisation.

Launch Your Career in Actuarial Consulting

Aon is looking for soon-to-be graduates and recent graduates to join our Insurance Actuarial Consulting (Modelling and Technology) Graduate Programme. You do not need to be an actuarial or technical expert on day one. Over the programme, you will develop into a credentialed, advisory-capable actuary who applies quantitative techniques, data, models, commercial insight and professional judgement to help insurance and reinsurance clients understand, price, transfer and manage financial risk. Through our Launch Programme, professional study support and on-the-job learning, you will build ownership, curiosity, collaboration, client focus and sound judgement from the start.

What is Actuarial Modelling in Insurance Actuarial Consulting?

Aon's actuarial teams help insurers, reinsurers and other risk-bearing organisations make better decisions by applying data, analytics, modelling and business insight to complex risk challenges. Within our actuarial modelling implementation team, we specialise in delivering technology solutions in our PathWise platform which enable our actuarial clients in areas such as pricing, reserving, capital modelling, strategy and technology-enabled analytics.

Insurance Actuarial Consulting (Modelling and Technology) Graduate Programme

Join Aon as an actuarial consulting insurance graduate and get the unique opportunity to be part of our Strategy & Technology Group (STG) team.

You will work within a multi-disciplined, collaborative, and friendly actuarial team passionate about implementing actuarial modelling and technology solutions. These efforts support clients across the life insurance market using our innovative PathWise platform.

As an STG Actuarial Consulting graduate in the PathWise team, you will be part of a growing implementation team of 80+ actuarial consultants globally working on a variety of projects, learning from experienced professionals whilst starting your journey towards a professional qualification.

You will be joining a team that values outside-the-box, innovative thinking and encourages a self-starter approach from day one. The team is committed to a strong collaborative culture across all projects, with graduates working directly with senior colleagues from the beginning.

The team prides itself on outstanding technical ability, as well as impactful communication at all levels.

As a graduate, you’ll also get involved in technical and consulting training workshops. These will give you the skills you need to provide innovative solutions that meet our clients' needs, as well as building your confidence and experience through proactively managing client relationships.

Your Development

As an Aon Graduate, you will be enrolled onto our Launch Programme when you join. This development programme is built around 3 core elements:

1. Business learning. On the job learning and experiences enabling you to develop your knowledge and understanding of your team and solution line. This includes exposure to data, analytics, modelling, AI-enabled tools
2. Centralised learning. Our UK graduates complete in an Aon Induction, monthly webinars, business skills training and workshops; all designed to develop your knowledge of Aon, build your confidence and your network across our business.
3. Professional Qualifications. To enable you to be as successful as possible, as part of your role, you will be expected to complete your study towards professional qualification as a Fellow of the Institute and Faculty of Actuaries (IFoA). To support you as you study for your exams, you’ll receive paid study leave, plus an extensive range of study and tuition materials. To find out more about the actuarial qualification please visit actuaries.org.uk

Your career beyond your Graduate programme

Once you’ve completed the formal graduate programme, you’ll continue to receive lots of support at Aon. As well as continued technical and business skills training, you’ll receive support for your actuarial qualifications. To aid your professional development you’ll receive regular performance feedback, and work with your line manager towards promotions, enabling you to progress from an Associate to Consultant and beyond. Your role will evolve as you gain experience, taking on greater project and client management responsibilities as you develop.

Entry Requirements:

• As the programme is a mathematically based career path, you must have or be working towards a 2:1 numerical degree. This should be in maths, actuarial science, or another highly numerical subject.
• You will need to have achieved an A-grade or above in Maths A-level, A-grade in Maths Scottish higher or international equivalent of this
• Experience in computer science, programming or another relevant area of technology is strongly preferred
• To ensure compliance with UK law, successful candidates must be able to demonstrate their right to work in the UK throughout the duration of their time in role.

What are we looking for?

• Transferrable skills or experience, strong motivation to pursue an actuarial career and ambition to complete professional qualifications.
• Strong quantitative background, numerical confidence and the ability to work with data, models and risk-based information; insurance experience is not required.
• Strong critical thinking, problem-solving and analytical abilities, with attention to detail and the confidence to challenge assumptions.
• Business insight, commercial awareness and an interest in helping clients make clear, confident and evidence-based decisions.
• Excellent written and verbal communication skills, including the ability to explain complex technical ideas in a clear and accessible way.
• A collaborative and inclusive approach, alongside initiative, adaptability, dependability and confidence learning new technology-enabled ways of working.

What Will Help You Succeed and Grow

• We are looking for candidates who are curious, motivated and excited to learn. The skills and capabilities that will help you succeed can be grouped into three simple areas:
• AI related skills, including AI literacy, prompt awareness, critical review of AI-enabled outputs, business context translation and AI/workflow orchestration;
• Behavioural skills, including results focus, clear planning, client centricity, dependability, critical thinking, problem solving, talent focus, collaboration and inclusive working; and
• Technical / role-related skills, including business communication, data and risk analysis, research, data management, process improvement, project management, actuarial science, model building, profitability analysis, good governance and reinsurance.

Locations:

This role is based in our London office.

We recognise the value for our Early Career colleagues of being in the office environment from the beginning of their programme. As a new graduate, you will spend the first 6 months based in the office to support your learning, development, and progression. This will enable you access to support from managers, collaborate with colleagues as well as grow your network across Aon. After completing this initial training period, you will then have the opportunity to work more flexibly, spending at least 3 to 4 days face to face in the Aon office or with clients.

Aon UK Graduate Recruitment: What to Expect

We know applying for your first graduate role can be exciting, and sometimes a little daunting. At Aon, we’re committed to making our recruitment process as transparent and supportive as possible. Here’s how our selection journey works, and what you can expect at each stage:

1. Application Review

• We process applications on a rolling basis, moving candidates forward as they complete each stage.
• Every application is carefully reviewed by our team (not by AI).
• Due to the high volume of interest, this stage can take up to two weeks.
• Please note: We do not review CVs or cover letters at this point.

1. Online Assessment

• We understand you want to put your best foot forward, so you’ll have 5 calendar days to complete the online assessment.

1. Video Interview

• Preparation matters, so you’ll have up to 10 days (240 hours) from receiving your invitation to record and submit your video interview.
• Rest assured: Every video interview is reviewed by a real member of our recruitment team, not an AI system.
• You’ll typically hear back from us within 2-3 weeks after submitting your interview, though times may vary depending on the number of applications.

1. Assessment Centres

• Our assessment centres are held in person at the Aon office closest to the location you applied for.
• Please note: Due to the large number of applications, not every candidate who completes a video interview will be invited to an assessment centre.
• Assessment centres usually run from November to May. (With a pause over the Christmas holidays.)
• If selected, you’ll have 7-14 days’ notice to help you arrange any travel.
• We run a limited number of Assessment Centre so please make every effort to attend if invited.
• We reimburse reasonable travel costs (such as standard class train tickets). Flights and hotels are only covered if agreed in advance.
• At the assessment centre stage, your CV and cover letter will be shared with hiring managers. This helps them get a fuller picture of you as a candidate, but these documents are not used for initial screening.

Aon's guidance of the use of AI during the selection process

As an innovative global leader, we recognize and embrace the power of Artificial Intelligence (AI) to help job seekers be more efficient in their recruitment processes. In fact, Aon is in the business of developing and implementing innovative AI tools that support both colleagues and clients, which you’ll use as an Aon colleague if you join our team.

AI can be a helpful tool for researching Aon, preparing for interviews or refining your CV, it should support, not replace, your own thinking, judgement, skills and experiences. Any application materials you submit should accurately reflect your achievements, capabilities and potential.

We ask that you refrain from using AI when completing assessments or during live or pre-recorded interview processes, which will often include an in-person interview where the technology will not be available to you. Additionally, virtual or in-person interviews should not be recorded or transcribed.

At Aon, we foster a culture of inclusiveness, fairness and transparency. We expect all candidates to embrace these principles in every interaction with us.

Applying for more than one programme or role

We ask candidates to submit one Early Carers application per recruitment cycle. We encourage you to explore our opportunities carefully and apply for the programme or role that best matches your skills, interests and career goals. This helps you focus on submitting your strongest application and ensures we can assess candidates fairly and efficiently.

If, during the selection process, we believe another opportunity at Aon may be a better fit for your experience and aspirations, our recruitment team may discuss alternative options with you.

If you're unsure which programme is right for you, we recommend reviewing the programme information on our careers site or attending one of our events before applying.

Top Tip: Choose the role you're most excited about, rather than treating a second application as a back-up option. We want to understand where your genuine interests lie and how you see your future career developing.

We’re here to support you every step of the way. If you have any questions or need accommodations, just contact our team. Good luck, and we look forward to seeing what you can bring to Aon!