Job Description

Who Are We?

Taking care of our customers, our communities and each other. That\xe2\x80\x99s the Travelers Promise. By honoring this commitment, we have maintained our reputation as one of the best property casualty insurers in the industry for over 160 years. Join us to discover a culture that is rooted in innovation and thrives on collaboration. Imagine loving what you do and where you do it.

Job Category Actuarial

Target Openings 1

What Is the Opportunity? We have an excellent opportunity for an Undergraduate with an Actuarial, Mathematical, or Statistical/Quantitative background to undertake a placement year in our London Actuarial team. This role would be ideal for someone looking to pursue an Actuarial career after graduating.

Throughout the placement you will provide analytical and actuarial support to the Travelers Syndicate Management Actuarial team assisting in delivering reserving, management information, planning and underwriting support.

This role would start in the summer of 2024 and run for the 24/25 academic year.

This role is eligible for a new hire referral bonus of up to \xc2\xa32000.

Travelers Europe currently offers flexibility to employees who wish to work on a hybrid basis in accordance with our Hybrid Work Arrangements Policy. This entails full time employees working three days a week in the office and two days at home (or pro rata for part-time employees). This policy may be changed at the Company\xe2\x80\x99s discretion.

From day one you will be given real experience of life in the insurance industry, working closely with our key partners at Travelers and our clients. We will provide you with the opportunity to explore a career in Actuarial as well as gaining a broader understanding of Travelers as an organisation and the insurance industry.

Information processing, manipulation and analysis to support:

Quarterly reserving process

Monthly and quarterly uploads and checking the data warehouse uploads

Corporate Planning

Large case pricing

Portfolio analysis

Taking a meaningful role in the process improvement project:

Exposure to coding in python and SQL

Assisting Senior Actuarial team members in the running, production and checking of all regular reports, management information and exhibits for use in reserving and planning exercise portfolio review

Updating and improving documentation of existing and new processes

Ad-Hoc tasks to support the Actuarial department

This opportunity is open to applicants currently studying an Actuarial or Mathematical (or related) degree, who have the option to take a placement year in industry before completing their final year of study. You will have strong analytical and excellent communication skills (both written and verbal) and have the desire to build relationships across the business.

Importantly you will also live our values. You will be;

Committed: you\xe2\x80\x99ll stick to your promises, take pride in your work and focus on what matters, you\xe2\x80\x99ll be committed to being a trusted partner.

Connected: You\xe2\x80\x99ll work easily and naturally with others, be able to foster meaningful partnerships and stay on top of things.

Creative: you\xe2\x80\x99ll ask \xe2\x80\x98why?\xe2\x80\x99 and strive to think differently, take inspiration from anywhere, you\xe2\x80\x99ll ask questions and not be afraid to challenge conventional thinking.

Energised: you\xe2\x80\x99re enthusiastic, positive and open minded, you\xe2\x80\x99ll look for better ways of doing things and take the initiative, and you\xe2\x80\x99ll share, champion and help drive your colleagues.

Employment Practices

Travelers is an equal opportunity employer. We value the unique abilities and talents each individual brings to our organization and recognize that we benefit in numerous ways from our differences.

If you are a candidate and have specific questions regarding the physical requirements of this role, please send us an so we may assist you.

Travelers reserves the right to fill this position at a level above or below the level included in this posting.

To learn more about our comprehensive benefit programs please visit .

The Travelers