Underwriting Graduate Programme London 2024

Join our graduate programme to become an underwriting professional and future industry leader.

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.

Graduate programme highlights

• We provide learning opportunities in each area of our Underwriting divisions, through structured on-the-job 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

Over 18 months you’ll gain extensive experience within different underwriting teams, a group of (re)insurance professionals who understand risks, how to manage them, and are responsible for deciding exactly what a (re)insurance company will insure.

If you don’t fully understand this now, don’t worry. Our proven approach will give you an in-depth understanding of how we manage risk, as well as providing you with a good understanding of all areas of the company. 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.

Your future specialisms

(Re)insurance underwriters analyse and appraise the global risks involved in insuring people and their assets. In a nutshell, the job is to choose what risks Chaucer will insure. To get equipped for this, underwriters are trained in specialist risk assessment and pricing skills. You’ll use those skills, passed on from our experienced experts, to determine what the risk involves and then decide how much protection or coverage the client needs, along with how much they should pay for it.

You’ll learn everything you need on our programme that’s designed to develop your expertise in every aspect of underwriting. We’ll begin with an initial introduction of the risk by the broker, through to assessment of the coverage needed, up to policy pricing and account management. In doing so, you’ll move around different divisions of the business, learning as you go. You’ll understand how we provide insurance for a wide range of risks, from earthquakes to workplace injuries and reinsurance.

About you

You can

• Work with complex analytical information
• Communicate clearly and effectively
• Think clearly, be organised and logical
• Pay close attention to detail
• Be commercially minded
• Commit to studying for your Level 4 Insurance Professional apprenticeship standard which incorporates the DIPCII qualification
• Use your motivation to go the extra mile
• Comfortably work as part of a team
• Work effectively with numbers
• Available to 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 or equivalent (A-C)
• GCSE in Maths and English - grade 4 (C) or equivalent
• Good IT skills, including Microsoft Excel
• Mastered multiple languages like Mandarin, Spanish or German (not required but good to have)

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.