Catastrophe Risk Graduate Programme London 2024

Join our graduate programme to become a risk professional and future industry leader.

Empowering you to excel

Our people are a team of leaders. Experts in their fields, top performers – who collaborate, without hierarchy. Together we’ve created an exciting and successful business, and we know that it’s our people who define and drive this success. That’s why the growth, development and wellbeing of our employees is so important to us. We work hard to make sure careers at Chaucer are challenging, inspiring and rewarding and that the environment is ambitious and supportive. As our company continues to grow, we continue to seek new talent – could you be our next risk professional?

Graduate programme highlights

• We provide learning opportunities in each area of our Exposure Management team, through structured on-thejob training, technical briefings, professional education courses and self-study
• You will also receive our full support and guidance towards achieving your Level 4 Insurance Professional apprenticeship standard which incorporates the DIPCII qualification.
• Our HR team will be with you at every step, and will help set up your very own Personal and Professional Development Plan
• You’ll get an in-house experienced buddy and mentor, to help show you the ropes

Our unique programme in more detail

18 months of opportunities, practical knowledge and experience, that’s how you’ll be empowered to excel during our programme. And - you’re welcome to call it your programme. After all, it’ll be tailored to meet your needs, depending on what best helps you develop. You’ll be placed with the Exposure Management team, which helps the business measure and understand the accumulation of exposure, and what losses could occur as a result of catastrophic events. If you don’t fully understand this now, don’t worry. Our proven approach will give you an indepth understanding of how we manage our catastrophe risks, as well as providing you with a good understanding of all areas of the company, including the classes of business that are underwritten.

Don’t yet know anybody in the industry? You soon will, as we’ll give you lots of opportunities to develop a network of contacts within Chaucer and the market. This is just the beginning of your journey, and there are lots of exciting prospects ahead.

Your future specialisms

Property & Specialty Modelling

You’ll provide catastrophe modelling and exposure accumulation analysis at an account and portfolio level, assisting the underwriters’ risk selection process. Classes of business managed by Exposure Management include Property (Re)insurance, Energy, Marine, Cyber and Political Violence.

Exposure Analytics

Monitoring and making regulatory reporting to Lloyd’s, PRA and other bodies. The Exposure Analytics team are also responsible for catastrophe event response and giving our non-modelled view of risk.

Portfolio Analytics

Here, your work will involve measuring the accumulation of exposure and potential modelled losses at a portfolio level. Your responsibilities will include setting and monitoring appropriate underwriting risk appetites and providing the tools to manage gross and net exposures across the business.

Research & Development

By adopting and validating appropriate catastrophe risk models, this area is responsible for forming our view of catastrophe risk.

About you

You can

• Use your initiative to solve problems 
• Pay attention to detail in a data intensive environment
• Communicate clearly, with the ability to concisely present complex information
• Build effective relationships
• Apply your professional attitude to meeting deadlines and objectives
• Use your motivation to go the extra mile
• Commit to studying for your Level 4 Insurance Professional apprenticeship standard which incorporates the DIPCII qualification
• Start with us in October 2024

You have

• An unrestricted right to work in the UK
• A minimum 2.2 degree in any discipline
• 3 or more A-Levels – ideally one in Maths (A-C)
• GCSE in Maths and English - grade 4 (C) or equivalent
• Good IT skills, including Microsoft Excel

Application process

On-line Application

Your first step will be to complete an on-line application via our system Workday. This includes some eligibility questions which will help us to check you meet the requirements of the programme.

1st stage video interview

This will be a 45 minute live video interview exploring some of the competencies required for the programme.

On-line Assessments

If you are successful in being selected for our Assessment Centre you will be invited to complete in preparation a verbal and numerical test. Remember to tell us if you require any adjustments to be made and/or extra time.

Virtual half day Assessment Centre

Our virtual Assessment centre will be made up of an interview and individual presentation. This stage will give you an insight into what it is like to work for Chaucer and introduce you to our culture, some of the team members you would be working with and a networking session with some of our past and present Graduates and Apprentices.

In person final stage interview

If you have been selected to join the final stage of the assessment you will be invited to a 30 minute interview in our stunning offices in the City of London. Be prepared for this session by re-visiting the details of the programme and doing your research, including the products we provide. This is an excellent opportunity for us to learn more about your motivations and for you to learn more about us and if it is the right programme to kick start your career.

About us

Chaucer are a leading specialty (re)insurance group working with brokers, coverholders and clients to protect and support business activities around the world. Our services are accessed both through Lloyd’s of London and the company markets.

We are defined by an enterprising, bespoke approach to (re)insurance, enabled by the individual character, experience and imagination of our expert teams.

Chaucer is a member of the China Re Group and backed by their financial and operational resources. China Re is one of the world’s largest reinsurance companies whose outstanding and comprehensive strength is rated A (excellent) by AM Best and A (strong) by S&P Global Rating.

At Chaucer we think and act in an impactful way that supports the transition to sustainability for us and our partners.