For 2021, we are running three core programmes for graduates: Insurance, Business and Actuarial. Each is two years long and composed of four six-month placements, designed to give you an encompassing range of experiences to discover your strengths and interests. Equipped with those insights, you’ll be able to choose your professional path and achieve your aspirations.
Insurance
What you'll do
All our graduates undertake placements within Lloyd’s and the market. These won’t necessarily all be pure insurance roles. Within the Corporation you could be working within our Innovation Lab, testing new concepts, ideas and products with the support and active involvement of the Lloyd’s Market. Or, you could be in our Market Intelligence team, helping to provide an analysis of the world’s insurance industry from a geographic perspective for the benefit of internal and external stakeholders, in support of strategy and business planning. Within the market, you could be working across the full insurance life-cycle in either broking, underwriting or claims. Your journey will ultimately be your own – there is no expected route. Our work is constantly changing and presenting new challenges.
What you'll need
We ask our applicants to have a minimum 2:2 in any degree subject. We don’t require specific numerate subjects and you don’t need any prior insurance experience - we’ll teach you everything you need to know. We’ll want to see that your skills align with our values-led competencies: relating and networking; creating and innovating; delivering results and meeting customer expectations; adapting and responding to change; achieving goals and objectives and commercial thinking.
What you'll get
We offer a salary of £30,000 alongside a competitive and flexible range of benefits, from private healthcare insurance to paid leave for voluntary work. By the end of the programme, you’ll have gained an in-depth knowledge of the industry, varied personal skills and everything you need to progress in your career. This includes the full ACII professional qualification and the Level 6 Senior Insurance Professional apprenticeship standard.
Actuarial
What you'll do
The Actuarial team at Lloyd’s is responsible for oversight of market reserves and capital. Reserves are the funds set aside to pay claims and capital is funds held to ensure that claims can be met in adverse circumstances. With potentially billions at stake, our actuaries handle large quantities of data, analysing and modelling outcomes and requirements. As with our Insurance programme, you’ll have a senior leader as a mentor and the personal skills training you need to thrive. Your four six-month placements cover all our core specialisms, so you can expect plenty of variety as you hone your commercial awareness and work towards a professional qualification with the Institute and Faculty of Actuaries (IFoA).
What you'll need
Typically, we look for applicants with a minimum 2:2 in a numerate degree. Other subjects are accepted too, but you’ll need to demonstrate that you are capable of the kind of analytical and mathematical thinking necessary to flourish as an actuary. We also look for communication skills as our actuaries liaise with clients and need to break down complex subjects, and time management skills as you will often be handling several projects at once.
What you'll get
We offer a starting salary of £30,000 and a competitive benefits package. Our working culture is one that genuinely respects your work-life balance and both recognises and rewards good performance. Working for the Actuarial team at Lloyd’s gives you exposure to potentially 70 different lines of business, and the chance to make contacts with a variety of stakeholders across the Corporation and within the market. You’ll receive up to 40 days of paid study leave per year, and by the end of the programme, you should have achieved the IFoA associate qualification.
Business
What you'll do
Our Business Graduate Scheme is aimed at those that want to learn how a global business operates. Although we operate in the insurance industry, this scheme doesn’t have a specific insurance focus – instead it offers a rounded introduction to different professional areas and skills. As you rotate through roles within the Corporation, the scheme will provide you with an insight into four core business areas here at Lloyd’s. You could be part of our Project Management team supporting projects which will help to build the Future of Lloyd’s, working within HR, supporting employees across the globe or working within IT, supporting employees with technology needed to perform their roles. Whilst on the programme you will study for the Level 5 Diploma for Leaders and Managers which will set you up for success during and after your graduate scheme finishes.
What you'll need
We ask our applicants to have a minimum 2:2 in any degree subject. We’ll want to see that your skills align with our values-led competencies: relating and networking; creating and innovating; delivering results and meeting customer expectations; adapting and responding to change; achieving goals and objectives and commercial thinking.
What you'll get
We offer a salary of £30,000 and a competitive benefits package. Our working culture is one that genuinely respects your work-life balance and both recognises and rewards good performance. Working in this rotational programme gives you exposure to numerous teams across the business, and the chance to make contacts with a variety of stakeholders across the Corporation and within the market. You’ll get to see how a business works from the inside and by the end of the programme, you should have received the Level 5 Diploma for Leaders and Managers.
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To find out more about Lloyd's of London and view their opportunities, click here.