Actuarial Non-Life Insurance Graduate Programme

Your role

Programme overview:

• EY is more than a conventional actuarial consultancy.
• Combined with delivering for clients in traditional areas, such as reserving, pricing, and capital modeling, the firm operates as part of the wider EY Consulting business.
• This allows the team to work on wider projects including underwriting and finance transformation, implementation of technology, ESG, strategy, risk management, analytics, and capital optimization.
• Technology is at the forefront of how they work.
• The proprietary software enhances the ability to deliver market-leading insight, and it utilizes this to assist clients in modernizing their actuarial capabilities.

What you will be doing:

• Analyzing data to identify trends and insights, communicating with clients, writing reports, and presenting your work
• Working with UK and global insurance and (re)insurance companies on reserve reviews, transactions, portfolio transfers, actuarial modeling, and more
• Using the latest technology, modeling, and analysis to understand clients’ businesses
• Working with clients to transform their business, using the latest technology to allow clients to better leverage their actuarial teams for insightful analysis

About you

Eligibility for applying:

• EY operates an open access policy, meaning it doesn’t screen out applications on your academic performance alone.
• You will, however, need to be working towards an honors degree in a numbers-based subject like Maths, Statistics, Actuarial Science, Physics, Chemistry, Biology, Engineering, Economics, Computer Science, or Technology, and have a minimum of grade 4/C GCSE (or equivalent) in English Language and Maths, or your home language if you do not hold English Language GCSE, and three A-levels/Five Highers (or equivalent), including an A grade at A Level/Higher Maths (or equivalent carrying at least 48 UCAS points) to be eligible to apply.

Benefits

You’ll receive a wealth of benefits to help you achieve success in all elements of your life and to recognize and reward the value you bring.

• Competitive salary
• Pension 
• Formal recognition initiatives and team awards
• Life Assurance and Group Income Protection
• Flexible working
• 27 days annual leave with the option to buy and sell
• Health and wellbeing
• Bikes for Work scheme
• Discounted gym membership

Training & development

The duration of the program is two years. However, EY will provide continued support and training to help graduates qualify as actuaries, which typically takes 3-5 years in total. The company aims to give you interesting and challenging work that allows you to develop your skills and knowledge continually. You’ll have a buddy who’ll be your first point of call for practical help and guidance. They also provide coaching, so you can always access impartial advice, opportunities, and ongoing support.

Career progression

Your EY experience doesn't stop when you've completed the program. As a graduate, if all goes well, you can expect to continue your EY journey with the opportunity to build your career in your preferred area. EY works with you to understand your strengths and aspirations and then offers you the right blend of experiences, learning, and coaching to meet these. This approach will help accelerate your progress and support your career goals and aspirations.

How to apply

Application process:

• Stage 1: Application form
• Stage 2: Online assessments
• Stage 3: EY Experience Day
• Stage 4: Final Interview

Sources

The following sources were used in researching this page:

• ey.com/en_uk/careers/students/graduates
• ey.com/en_uk/careers/students/faqs#accordion-content-1992840977-1
• ey.com/en_uk/careers/students/application-process
• youtube.com/@EYUKCareers