As a foremost global insurance market, Lloyd's is not an insurance company but a society of members, both corporate and individual, who underwrite in syndicates on whose behalf professional underwriters accept risk. “We have built our reputation on insuring risks that others couldn’t. Risks like terrorism, natural disasters, cyber-liability, political risk, or even space travel. What’s more, our influence extends right across the globe.”
Graduate Programme: The Lloyd’s graduate programme is an eighteen months programme that gives you a unique chance to explore the organisation. Through a series of placements, you will gain a panoramic view of Lloyd's and the entire insurance industry. Lloyd’s has designed the learning and development to enable each graduate to gain a broad range of skills, through a variety of methods; internal and external courses, group learning and briefings and on-the-job development. Throughout the graduate programme, you will gain insights into how Lloyd’s works. Lloyd’s have developed and designed, in conjunction with the London Business School, the Lloyd’s Leadership Programme – a world class programme that gives high fliers a valuable opportunity to develop the qualities they need to become outstanding business leaders. To help you understand Lloyd’s, they have developed the Lloyd’s and London Market Introductory Test in partnership with the International Underwriting Association, the London Market Insurance Brokers’ Committee and the Lloyd’s Market Association. The test, which every graduate will take within their first six months of joining the programme, is intended to develop your awareness and understanding of how business is conducted at Lloyd’s, and the roles and responsibilities of all those involved. Upon completion of your graduate programme, you may choose to work either in an area where you undertook your placement or somewhere entirely new. The transferrable skills and well-rounded experience you will have gained will allow you to move in many different directions. Available Vacancies: Currently there are many vacancies available. Benefits package What is the starting salary for graduates? Your starting salary will be £26,000. After that it will increase by a further £1,000 every six months through the acheme, following successful completion of your placements. After the final placement, a £2,000 increase will be awarded. So, by the time you’ve completed the graduate scheme, your salary should be £30,000. When are salaries reviewed? Salaries are reviewed every six months during the scheme (depending, of course, on how well you perform against the objectives we set you at the beginning of each placement). What benefits will I receive? We’ve developed a pretty comprehensive and flexible package for all our graduates. You can find all the details on the benefits package page of our website. How to Apply: Applications are available online.
Entry criteria What are the requirements I need to apply? You’ll need to be expecting – or have already received – a 2:1 grade in any subject. You’ll also need the right to work in the UK. Is there a minimum requirement for UCAS points? We review applications against a number of criteria, including UCAS points; however, we haven’t set a minimum requirement. Can I still apply if I don’t meet the minimum requirements? Unfortunately, no. However, there are many other opportunities beyond the Lloyd’s graduate scheme: why not take a look at our main recruitment site or the Lloyd’s Market Association’s graduate recruitment site using the links on the right? Do you accept applications from mature students? Absolutely. We don’t discriminate on the basis of age or on any other basis. I graduated a while ago; can I still apply? You certainly can. However, it might be worth considering whether this scheme is likely to meet your needs: bear in mind it is designed for those with little or no previous work experience. Do you have a preference for certain universities? Absolutely not. We’ll consider your applications regardless of which university you’ve attended. Can I apply if I need a work permit? Graduates requiring a visa to work in the UK are welcome to apply, however they must arrange for this themselves. Lloyd's will not sponsor visa applications for this role.
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