RSA is a leading international general insurer operating in three core regions: UK and Ireland, Canada and Scandinavia but with the capability to write business across the globe. Founded in 1710, we are one of the world’s leading multinational insurance groups and a truly people-centred business. We have around 12,370 employees across our core businesses and in 2019 our net written premiums were £6.4 billion.
The best way to gain a place on the RSA actuarial graduate programme is to first apply for an internship with us in the summer of your penultimate undergraduate year. Top performing summer actuarial interns are most likely to gain a place on the following year’s graduate programme. Actuarial graduate trainees will work in a number of areas with the aim of giving them a wide range of experience including:
- Pricing of general insurance products – working out the price to charge customers for general insurance products.
- Reserving of claims – claims can take many years to settle and RSA needs to hold a reserve to ensure that it can pay the claims when they fall.
- Capital requirements – RSA needs to maintain high levels of capital to enable it to write a wide range of insurance risks.
As well as offering regular pay-reviews for actuarial graduate trainees, we also provide a comprehensive support package to assist trainees in passing their actuarial exams. Our mentor scheme assigns each trainee a qualified actuary with whom they can discuss their development. Trainees will have regular meetings with mentors to discuss study and training plans, providing constant support while on the scheme.
What you need
RSA are looking for individuals who have obtained or are expecting at least a 2:1 in a highly numerate degree discipline and who have excellent problem solving ability, great communication skills, and the ability to work in a team or alone without close supervision.