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Actuarial life insurance summer internship

Internship
Ernst & Young UK
Posted: 20 September
Offer description

Your role

Programme overview:

* This is an opportunity to become part of a team that has a strong reputation in the market for bringing clients bespoke offerings to solve their problems.
* EY is more than just a conventional actuarial consultancy – it operates as part of the wider EY Consulting business, collaborating with teams across EY and delivering projects outside traditional actuarial areas.
* This breadth is important given the scale of the new challenges facing the insurance industry, from regulatory change to technology-driven disruption, and allows them to support life insurers across EMEIA (Europe, Middle East, India, and Africa) to manage risks, solve their problems, and grow.
* The support covers traditional actuarial areas, such as advising on regulatory change, investments, mergers and acquisitions, and audits, as well as less traditional actuarial areas across finance transformation, artificial intelligence, ESG, and capital optimization.

What you will be doing:

* Providing technical support across a range of areas including actuarial modeling, regulatory change, investments, audits, mergers & acquisitions, ESG, and technology.
* Analyzing data to identify trends and insights.
* Producing reports and presenting your work both internally and to clients.
* Collaborating with other EY teams across the UK and EMEIA.
* Working in an inclusive team gives you opportunities to learn and develop your skills.


About you

Eligibility for applying:

* If you’re in your penultimate year at university, or if you’re already in your final year but will be doing a one-year Master’s degree, or taking a gap year, this internship is for you.
* EY operates an open access policy, meaning it doesn’t screen out applications on your academic performance alone.
* You will, however, need to be working towards an honors degree in a numbers-based subject like Maths, Statistics, Actuarial Science, Physics, Chemistry, Biology, Engineering, Economics, Computer Science, or Technology, have a minimum of grade 4/C GCSE (or equivalent) in English Language and Maths, or your home language if you do not hold English Language GCSE, and three A-levels/Five Highers (or equivalent), including an A grade at A Level/Higher Maths (or equivalent carrying at least 48 UCAS points) to be eligible to apply.
* Please note: Due to UK policies, you must be based in the UK for the entire duration of the program.


Benefits

For a full-time employee, the following benefits apply:

* Competitive salary
* Pension
* Formal recognition initiatives and team awards
* Life Assurance and Group Income Protection
* Flexible working
* 27 days annual leave with the option to buy and sell
* Health and wellbeing
* Bikes for Work scheme
* Discounted gym membership


Training & development

As an intern with EY, you’ll see its impact first-hand. During the four weeks, you will work on projects, gain new skills, and explore your interests. Once you join, you’ll become part of the EY student community. You’ll have a buddy who’ll be your first point of call for practical help and guidance. They also provide coaching, so you can always access impartial advice, opportunities, and ongoing support.


Career progression

Joining as an intern means you're getting a head start on your future career. The firm will provide you with learning experiences, networking opportunities, and a taste of what it's like being a graduate at EY, and you could even secure a role with them after university.


How to apply

Application process:

* Stage 1: Application form
* Stage 2: Online assessments
* Stage 3: EY Experience Day
* Stage 4: Final Interview


Sources

The following sources were used in researching this page:

* ey.com/en_uk/careers/students/undergraduates
* ey.com/en_uk/careers/students/undergraduates/sip
* ey.com/en_uk/careers/students/application-process
* youtube.com/@EYUKCareers

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