Graduate & Intern Programmes / Analytics (Pricing & Underwriting and Actuarial)
Analytics (Pricing & Underwriting and Actuarial) Graduate Scheme
Although our current programmes are closed for applications, they do reopen on 3rd September 2012. If you’d like to be one of the first to hear about our 2013 programmes, click here to register your details.
Our analysts provide the very best quantitative understanding and insight into our position, both past and present. Combined with strategy development, we highlight emerging risks, exploit potential opportunities and create the analytical solutions that drive our business. For you, that means the chance to:
- Explore data, systems and models
- Carry out crucial analysis with support and guidance from experienced managers
- Build relationships with customers and stakeholders
The analytics graduate programme has two streams, pricing and underwriting, and actuarial – if you come to one of our assessment centres, we’ll talk to you about your preferences and make sure you’re placed in the right area according to your skills and interests.
Pricing & Underwriting:
Personal lines insurance products are among the most competitively priced products across any industry. Combining cutting-edge analysis, models and software with commercial and underwriting acumen, you’ll not only help us beat our competitors – you’ll help to rewrite the book in insurance analytics. For example, you could be:
- Deriving prices that increase profit without increasing underwriting risk
- Optimising prices to meet business objectives
- Developing pricing algorithms, new products or models
- Applying market-leading pricing software to interesting problems
Actuarial:
Our actuaries analyse facts and figures to best calculate insurance risks and premiums. Helping us to predict the future, the scope of our work here is diverse – from reserving and understanding claims trends to investigating emerging claims issues and statutory reporting. For example, a typical project might be to determine the actuarial best estimate of outstanding liabilities related to motor insurance claims across a number of years.
Claims reserves are vital in estimating potential claims and recognising the company’s future obligations and profitability. As an actuary, you’ll play a huge role in assessing the level of claim reserves and quantifying the uncertainty around them. Working closely with businesses, you’ll use models and forecasting to support their strategy and development – ensuring we respond to emerging market trends.
Your career path within analytics:
Years 1-2
On the graduate scheme, you’ll develop analytical skills, hands-on experience and key business projects. You’ll also study towards professional qualifications such as CII or FIA.
Years 3-4
After the formal graduate programme you’ll continue honing your technical and business skills by delivering key elements of analysis. You’ll also start developing leadership skills and influencing senior members of our business.
Years 5+
Now qualified in your chosen profession and accountable for delivering analytical solutions across a specific brand and product, you’ll manage and support a team of analysts. Contributing to wider strategic and department issues, you’ll help to shape our organisation.
What we look for
There are certain qualities and skills that are vital to success within analytics. A highly analytical problem solver, you’ll need to be self-motivated with a passion to learn, as well as:
- Excellent IT and numeracy skills
- A great team player
- Leadership skills
- Experience of statistical modelling
- At least 300 UCAS points and a minimum 2.1 achieved for your undergraduate degree in a relevant subject, such as Maths, Statistics, Actuarial Science or Physics
