Summary
Starting in September 2025, our Actuarial Underwriting Apprentice program will give you the opportunity to develop a range of skills while working within our Alternative Risk Transfer team. This is an ideal opportunity for anyone looking to embark on a career as an Underwriter or Actuary.
Wage
£38,000 a year
Training course
Actuary (level 7)
Hours
Monday to Friday, 9am to 5pm.
35 hours a week
Possible start date
Monday 15 September
Duration
3 years 6 months
Positions available
3
Work
As an apprentice, you’ll work at a company and get hands-on experience. You’ll gain new skills and work alongside experienced staff.
What you’ll do at work
The Alternative Risk Transfer (ART) team are responsible for the design, structuring, pricing, negotiating and management of bespoke multi-line and multi-year transactions for Allianz Commercial Clients within all sectors and with a global footprint. This international team, located across London, Munich, Zurich, Bermuda, Singapore and New York has grown to more than 100 people globally and will provide lots of opportunities for diverse experience and exposure.
ART sits in a very unique area within the insurance market – nothing is ‘off the shelf’, everything is bespoke. You will have freedom to think outside of the box and be creative in solving our clients’ most complex issues. You will gain access to all lines of business and unlike most actuarial roles, this front office position will allow you to eventually interact with brokers and clients on a daily basis.
Some of your specific responsibilities during your Apprenticeship could include:
* Collaborate with multi-functional deal teams spanning catastrophe modellers, lawyers, actuaries, underwriters and accountants
* Assist in (and eventually independently run with) the triaging, pricing, modelling and structuring of insurance transactions
* Attend client and broker meetings
* Data cleaning and preparation
* Support the underwriting process (including ART’s transaction management tool) and the broader underwriting team’s activities
* Provide an excellent service to internal and external stakeholders
Where you’ll work
ALLIANZ HOUSE
60 GRACECHURCH STREET
LONDON
EC3V 0HR
Training
An apprenticeship includes regular training with a college or other training organisation. At least 20% of your working hours will be spent training or studying.
College or training organisation
BPP ACTUARIAL EDUCATION LIMITED
Your training course
Actuary (level 7)
Equal to master’s degree
Course contents
* Apply tools and techniques to assist strategic thinking needed for a role in wider management
* Interpret the accounts and financial statements of companies and financial institutions
* Build a model, analyse the data, methods used and outputs generated and document the work (including maintaining an audit trail for a fellow student and senior actuary)
* Communicate the approach, results and conclusions to a senior actuary
* Communicate effectively, both written and orally, when relating concepts used by actuaries to recipients without specialist actuarial expertise, using effective structure, appropriate language and adequate explanation
* Apply actuarial techniques to analyse business problems and then formulate, justify and present plausible solutions for consideration
Your training plan
Starting in September 2025, our Actuarial Underwriting Apprentice programme will give you the opportunity to develop a range of skills while working within our Alternative Risk Transfer team. In addition to on-the-job development, over the course of 42 months, you’ll spend 20% of your time participating on a Level 7 Actuarial Apprenticeship that will guide you through your Actuarial qualifications.
Requirements
Essential qualifications
GCSE or equivalent in:
* English (grade 9-4)
A Level or equivalent in:
* Mathematics (grade 5)
Other in:
* Degree in any numerate subject (grade Any)
Let the company know about other relevant qualifications and industry experience you have. They can adjust the apprenticeship to reflect what you already know.
Skills
* Communication skills
* IT skills
* Attention to detail
* Organisation skills
* Customer care skills
* Problem solving skills
* Number skills
* Analytical skills
* Logical
* Team working
* Creative
* Initiative
* Proactive