Actuarial Student Scheme
About the scheme
Our actuaries are at the heart of what we do. They influence every decision we make – from how much to charge for a single policy to how much to pay for a potential acquisition. Their technical expertise, unique perspective and commercial awareness are relied upon by other teams and are critical to our overall success. Right from the start you’ll be involved in reserving, pricing, planning and capital modelling for the different lines of business across the company. The scheme also supports your progression through the actuarial exams over a number of years.
What you’ll be doing
You’ll partner with the business across both pricing and reserving work and you’ll be involved in challenging analytical projects – from preparing and reconciling reserving data to analysing trends in our pricing data. You’ll also be involved in business planning which will give you the opportunity to gain exposure to our top business leaders as we develop forecasts for future business growth. This way, you’ll build commercial and industry awareness and you’ll get a full insight into how the business departments link together.
The skills and qualities you’ll need
What we are looking for…
- A mathematical or highly numerate degree; with a min 2.1 grade or equivalent
- An analytical mind and a keenness to learn, develop and progress
- Valid work permit for permanent work in the UK
- Min 340 UCAS points (excl AS Levels & General Studies) or equivalent
- A Level Maths; with min A grade
- GCSE Maths; with min A grade
- GCSE English; with min B grade
Support, Training & Progress
Allianz has a strong focus on supporting students during their studies. You’ll be assigned dedicated study days and we’ll provide you with the study material you need to successfully complete your Actuarial qualification. You’ll have direct access to our buddying and mentoring schemes which are a great way to make connections throughout the business and to learn more about our work. In addition, you’ll have exciting opportunities to visit our key stakeholders – that’s everyone from internal claims handlers to external reinsurance teams. And we’ll also put you in touch with other Allianz graduates, so that you can share your experiences with your peers and build a network with the business managers of tomorrow.
You’ll be taking actuarial exams, developing your work based skills and completing learning logs with the aim of qualifying as a Fellow of the Institute of Actuaries. You’ll also develop technical knowledge and expertise in the general insurance industry as well as knowledge across the lines of business that you work on. Once you’ve qualified, your learning doesn’t stop there; you’ll have the opportunity to attend leadership and development programmes with your peers across the business, as well as opportunities to meet and learn from colleagues across the Allianz Group.