Career Opportunities

Which business area for you?

It is difficult to quantify the type of degree that an employer may be looking for in respect of the roles available in the Lloyd's market. Usually, you will be expected to have at least a 2:1 (or an expected 2:1) in a subject. For example, if you are looking to apply for an actuarial, claims or finance role, you may be required to have a maths degree. However, each role varies and the job particulars should state what qualifications are suitable.

Generally, employers will be looking for the following:

  • Good communication skills
  • Strong analytical skills
  • Ability to think creatively
  • Strong numeracy skills
  • A good team worker, but someone who is also able to take ownership of their work within a team.

Opportunities exist for a wide range of graduates, of all ages, to become professionally qualified in a selection of challenging areas of business:

  • Underwriting - where you would be assessing and analysing risks and deciding how to price and negotiate the premium for providing insurance coverage.
  • Claims assessment - where you would be evaluating losses and deciding on the amount to be paid.
  • Managing claims - providing customer service and managing claims to a satisfactory conclusion.
  • Risk management - generating a broader analytical view of the risks involved for your business.
  • Compliance - developing, initiating, maintaining, and revising policies and procedures for the general operation of the compliance programme and its related activities to prevent illegal, unethical, or improper conduct.
  • Insurance IT - Lloyd's managing agents and their syndicates drive some of today's most innovative IT applications.
  • Actuarial - analysing future financial events, especially when elements are uncertain. It could also involve understanding something like the weather - for example, assessing when and where devastating storms may hit and their associated costs.
  • Catastrophe Modelling - providing data on the probability of loss to a risk, or portfolio of risks, from natural disasters.
  • Marketing, finance, business development and corporate management together with other technical specialist areas - all of which are critical to the success of these businesses.
  • Broking - where you will arrange risk transfer on behalf of your client through analysing the exposure, negotiating with underwriters and organising the payment of claims if they arise.