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Sector Guide

Insurance

Insurance firms underwrite risk for individuals, businesses, and governments. The market spans life, general, reinsurance, and specialist lines. Lloyd's of London is the world's leading specialist insurance market.

Current Trends

Climate risk modelling and nat cat lossesCyber insurance demand surgeParametric insurance productsAI in underwriting and claims automationEmbedded insurance in digital productsSolvency II reform (UK)ESG underwriting criteria

Graduate Roles

Graduate UnderwriterActuarial AnalystClaims AnalystRisk AnalystGraduate BrokerData Analyst

Technical Areas

  • Risk assessment and pricing fundamentals
  • Actuarial concepts (reserves, pricing models)
  • Policy terms and conditions
  • Claims lifecycle
  • Reinsurance structures
  • Regulatory capital (Solvency II)

Relevant Certifications

CII (Chartered Insurance Institute) — Certificate/DiplomaACII (Associate of CII)IFoA actuarial exams (CT1–CT9 / now CM/CS/CB series)Lloyd's market qualificationsData analytics (Python, SQL)RiskTech tools awareness

Sector-Specific Interview Questions

1

What is the difference between underwriting and claims?

2

How does reinsurance work and why do insurers use it?

3

Tell me about a risk event in the news and how an insurer would assess it.

4

What does Solvency II require of insurance firms?

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