Insurance Actuarial Consulting & Reinsurance Analytics

targetjobs UK; Greater London; On-site; GBP 28,000 - 40,000; Full time

Job summary

Aon is offering an Insurance Actuarial Consulting & Reinsurance Analytics Graduate Programme in London for soon-to-be graduates. You will develop into a credentialed actuary applying quantitative techniques, data, and professional judgement to help clients understand and manage financial risk.

You will receive professional study support, on‑the‑job learning, exposure to AI-enabled tools, data modelling and scenario analysis.

Qualifications

• On track to achieve a 2:1 degree or equivalent in maths, actuarial science, economics, engineering, physics or another highly numerical discipline.
• A grade or above in Maths A-level, Maths Higher, or international equivalent.

Responsibilities

• Building and running models for pricing, reserving, capital and profitability, including reviewing AI-pre-populated baselines where relevant.
• Configuring and challenging assumptions as calculation activity becomes increasingly automated.
• Conducting data and risk analysis to identify patterns, test scenarios and validate outputs against actuarial principles.
• Supporting profitability, insurance and reinsurance pricing, reserving, capital, catastrophe, exposure and risk-transfer analysis.
• Drafting precise reports, summaries and presentations that communicate complex technical findings clearly and meet governance and financial reporting standards.
• Supporting senior actuaries in client meetings by translating methodology and technical analysis into a clear narrative.
• Contributing to actuarial research, process improvement and technology-enabled ways of working including responsible use of AI-enabled outputs and offshore delivery workflows where appropriate.

Skills

Numerical reasoning

Analytical thinking

Team collaboration

Communication skills

Problem solving

Education

Bachelor's degree in maths or actuarial science

Job description

Start Date:1st September 2027

Application closing date:7th December 2027

Please note, we may close earlier if we receive the quantity, quality & variety of applications required.

Better Decisions Begin with You

At Aon, we shape decisions for the better to protect and enrich the lives of people around the world. As an organisation, we are united through trust as one inclusive, diverse team, and we are passionate about helping our colleagues and clients succeed.

Launch Your Career in Actuarial Consulting

Aon is looking for soon-to-be graduates and recent graduates to join our Insurance Actuarial Consulting & Reinsurance Analytics Graduate Programme. You do not need to be an actuarial 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 Insurance Actuarial Consulting & Reinsurance Analytics?

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. Across Insurance Actuarial Consulting and Reinsurance Analytics, you may support clients with areas such as pricing, reserving, capital modelling, risk transfer, catastrophe management, rating agency advisory, strategy and technology-enabled analytics.

How Work Is Changing

AI and digital tools are automating routine data preparation, reconciliation and baseline calculation; augmenting output checking, report drafting and documentation; and elevating the importance of assumption-setting, scenario analysis and clear methodology communication. You will also learn how to validate, challenge or override AI-enabled outputs and orchestrate delivery across people, offshore teams, tools and workflows.

What You Will Do

As an Actuarial graduate, you will develop hands-on actuarial and analytical experience. You will see how data, models, clients and strategy come together to deliver value. Technology, including AI-enabled tools such as Copilot, analytics platforms and digital productivity tools, increasingly supports routine data preparation, reconciliation and baseline calculation, allowing actuarial colleagues to focus earlier on reviewing AI-pre-populated baselines, prompting and refining outputs, auditing AI outputs, testing assumptions and knowing when human expertise should override automation, as well as judgement, scenario thinking, methodology communication to bring value.

Depending on business need and role alignment, you will join either the Strategy & Technology Group (STG) within Insurance Actuarial Consulting or the Reinsurance Analytics team.

Strategy & Technology Group (STG) – Insurance Actuarial Consulting

In STG, you will be part of a multi-disciplined actuarial consulting team that supports clients across the life and non-life insurance value chain. Aon's global client base, proprietary data, technology capabilities and insurance industry expertise help the team provide insight into sources of competitive advantage, risk, growth and resilience.

As an STG Actuarial Consulting graduate, you will work with experienced consultants on client projects, develop technical and consulting skills, and contribute to analysis that supports strategic, commercial and risk-based decisions for insurers.

Reinsurance Analytics

In Reinsurance Analytics, you will support clients and brokers with actuarial, catastrophe management, rating agency advisory and risk and capital strategy expertise. You may work on technical modelling and analysis, while also helping translate findings into clear recommendations for brokers, clients and market partners.

Responsibilities May Include

• Building and running models for pricing, reserving, capital and profitability, including reviewing AI-pre-populated baselines where relevant.
• Configuring and challenging assumptions as calculation activity becomes increasingly automated.
• Conducting data and risk analysis to identify patterns, test scenarios and validate outputs against actuarial principles.
• Supporting profitability, insurance and reinsurance pricing, reserving, capital, catastrophe, exposure and risk‑transfer analysis.
• Drafting precise reports, summaries and presentations that communicate complex technical findings clearly and meet good-governance and financial reporting standards.
• Supporting senior actuaries in client meetings by helping translate methodology and technical analysis into a clear narrative.
• Contributing to actuarial research, process improvement and technology-enabled ways of working, including responsible use of AI-enabled outputs and offshore delivery workflows where appropriate.

Your Development

• On-the-job learning with actuarial consultants, client teams, analysts, brokers and solution line specialists, with hands‑on exposure to data, modelling, assumptions and client-ready analysis.
• Business and professional development in actuarial consulting, client service, communication, collaboration, problem solving, inclusive working, commercial awareness and dependable delivery.
• Exposure to data, analytics, modelling, AI-enabled tools and workflow orchestration that supports actuarial analysis, scenario testing, output review, documentation, offshore coordination and client-ready recommendations.
• Professional qualification support towards Fellowship of the Institute and Faculty of Actuaries (IFoA), including paid study leave and study materials.

Entry Requirements

As both routes are mathematically based career paths, you will need to have or be on track to achieve a 2:1 degree or equivalent in maths, actuarial science, economics, engineering, physics or another highly numerical discipline.

You will also need to have achieved an A grade or above in Maths A-level, A grade in Maths Scottish Higher, or an international equivalent.

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

• AI related skills, including AI literacy, prompt awareness, critical review of AI-enabled outputs, business context translation and AI/workflow orchestration;
• 1. 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

Both roles will be 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

Role

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:

• 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.
• Online Assessment
• We understand you want to put your best foot forward, so you’ll have 5 calendar days to complete the online assessment.
• If you need more time, just let us know as extensions are available.
• 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.
• Assessment Centres (ACs)
• Our ACs 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 AC.
• ACs 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 ACs 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 AC 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.