Who Are We?

Taking care of our customers, our communities and each other. That’s 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 CategoryActuarial

Target Openings1

What Is the Opportunity?Travelers are recruiting for a Trainee Actuary to join their team based in London.

This is an entry level analytic role that encompasses the personal ownership of operational assignments and support of strategic assignments which may include individual case pricing, exposure pricing models and business planning. The individual in this role is expected to be a strong team player, have a strong desire to learn and develop, and be a strong contributor within assigned team and on assigned projects.

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’s discretion.

This role is eligible for a £1000 new joiner bonus. If you are successfully referred by an employee at Travelers Europe, both you and the person who referred you could be eligible for this bonus.

What Will You Do?

Operational:

Provide actuarial support the Marine and Aviation business unit

Price individual risks based on their own past experience

Maintain and support users of exposure pricing models

Estimate business plan loss ratios for Marine and Aviation classes of business

May identify and create process efficiencies within assignments.

Provide support as necessary for initiatives across the Enterprise within the scope of influence.

Communication:

Communicates progress, findings and results to manager.

Communicates technical topics to primary working group.

Understands actuarial, analytical and financial discussions and participates in the conversation during meetings.

Provides formal written communication such as memos or presentations with supervision and support.

Talent:

Support various training and skill development initiatives across assigned Segment.

May provide support for recruiting efforts.

Perform other duties as assigned.

Be Committed, Be Connected, Be Creative and Be Energised – these are the values we are passionate about. Understanding and embracing our values will shape your success and contribute to making Travelers Europe a great place to work. 

To be successful, you will need to consistently deliver a great experience in every customer contact; connect with the right partners internally to find creative solutions to problems; be a role model; and consistently deliver on your commitments.  

What Will Our Ideal Candidate Have?

University degree in STEM related field.

Basic PC skills (MS Office), basic programming skills (eg. SQL, SAS).

Related internship or prior work-related experience preferred.

Leadership:

Initial development of Leading Self, exhibiting self-awareness and seeking opportunities to learn.

Business Acumen:

Has a developing understanding and knowledge of the basic key business drivers and functions such as: underwriting, products, reinsurance, distribution, sales, operations, risk control, claim, and financials.

Able to utilise this business knowledge to assist in the development of analytic solutions.

Relationship Management:

Begin to develop working relationships with primary working group.

Generate and share ideas with primary working group when prompted.

Begin to access data and tools and perform basic analyses.

What is a Must Have?

Bachelors Degree or equivalent experience required.

What Is in It for You?Private Medical Insurance: On commencement of employment, you are eligible for single cover provided by Travelers, with the option to add cover for your dependents, at your expense through payroll deduction.Retirement: Travelers will make a core contribution of a percentage of salary to your Pension Plan. Additionally, if you decide to contribute to the plan, you will receive an increased company contribution.Holiday Entitlement: Start your career at Travelers with a minimum of 25 days holiday entitlement annually, plus the opportunity to purchase additional days to allow for up to a total of 35 holidays per year.Wellness Programme: The Travelers wellness programme is comprised of tools, discounts and resources that empower you to achieve your wellness goals and caregiving needs. In addition, our mental health programme provides access to free professional counseling services and other resources that support your daily life needs.Volunteer Encouragement: We have a deep commitment to the communities we serve and encourage our employees to get involved. Travelers has a Matching Gift and Volunteer Rewards programme that enables you to give back to the charity of your choice.

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 email 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 http://careers.travelers.com/life-at-travelers/benefits/.