Let’s care for tomorrow. 

Your ambitions.  Your dreams.  Your tomorrow 

 

Whether it’s aircraft, international business, offshore wind parks, Allianz Commercial has an extensive range of risks covered when it comes to protecting businesses.

 

We are looking for a Pricing Apprentice to join our London-based Global Pricing team. 

  

The Opportunity 

Our Apprenticeship Programme is the perfect opportunity to start your Actuarial career with a global company in the dynamic and thriving insurance industry. 

 

Starting in September 2025, our Actuarial Pricing Apprentice program will allow you to develop a range of skills while working within our Global Pricing team. In addition to on-the-job development, over the course of 42 months, you’ll spend 20% of your time participating in a Level 7 Actuarial Apprenticeship that will guide you through your Actuarial qualifications. This is an ideal opportunity for anyone looking to embark on a career as an Actuary and will provide you with the knowledge, skills, and behaviours for success. 

 

Your Team 

Our team is committed to working together in a fast-paced, international environment. We’re a group of insurance experts who focus on creating smart pricing strategies that help businesses stay competitive around the world. We understand the challenges of the industry and use our knowledge to develop new pricing models that meet the needs of clients. If you enjoy problem-solving, working with people from different countries, and staying ahead of changes in the market, this is the perfect team for you. You’ll get the chance to grow, learn, and make a real impact in a global industry! 

 

Some of your specific responsibilities during apprenticeship could include: 

You will assist with pricing individual accounts using an Excel-based tool, preparing data, and working closely with underwriters. We will help you develop the skills to make your own actuarial decisions. 

You will conduct detailed profitability reviews, preparing data and analyzing how profitable individual accounts or business segments are. 

You will help with cross-LOB ( Line of Business) pricing processes, which include collecting and validating data, doing technical analysis, and creating initial recommendations. 

You will support the maintenance of pricing tools, refining them through recalibrations and developing statistical pricing methods, including predictive modelling and data science techniques. 

You will build strong relationships with the Underwriting teams, helping them understand and support our pricing methods and tools. 

You will keep track of global market trends and ensure that our pricing reflects current loss trends and industry changes. 

 

Eligibility 

To meet the entry requirements of the Level 7 apprenticeship, you must have a degree in a numerate subject such as Mathematics, Statistics, Economics, Engineering, Chemistry, or Physics or a degree in a non-numerate subject with a minimum grade B in A-Level mathematics or equivalent, or completed an Actuarial Technician Level 4 Apprenticeship. 

You must also be aged 18 or over, living in England, not in full-time education, and have the right to work in the UK. 

 

What You’ll Bring to the Role 

Interest in an Actuarial career  

Strong mathematical and analytical skills with great attention to detail. 

Adaptability and Flexibility- Able to adapt and work effectively in different situations and remain calm under pressure 

Communication- Excellent communication and interpersonal skills 

Teamwork- Have a pro-active and positive attitude to teamwork, able to assist others and also take on your own responsibilities 

Learning Mindset/ Ambition- A curious and creative mindset, willingness to learn, and enthusiasm to own and drive your personal development. 

Analytical Thinking- Ability to effectively absorb information from various sources, then analyze, study, or examine data in detail, draw appropriate conclusions, and present solutions to others. 

Strong computer fundamentals such as Excel, VBA, and SQL or Python/R experience preferred. 

Fluent English language skills 

 

Further Information: 

The role is fixed term for 42 months, but we expect well-performing candidates to be converted into a permanent role before the end of this term. 

You will be supported on a generous study package approximately 1 day a week to study towards your actuarial exams. 

This apprenticeship will commence in September 2025. 

We anticipate applications being accepted until February 15th, 2025 but reserve the right to close earlier if application numbers are high. We strongly encourage you to submit your application as soon as possible. 

 

64848 | Actuarial | Apprenticeship / Dual Studies | Allianz Commercial | Full-Time | Temporary

 

What’s in it for you? 

 

Let’s care about everything that makes you, you 

We are committed to nurturing an inclusive environment where everyone feels they belong.  We offer a hybrid working model, which recognizes the value of striking a balance between in-person collaboration and remote working.  Please feel free to discuss flexible working arrangements with us. 

 

Let’s care for your financial wellbeing 

We believe in rewarding performance with a great compensation and benefits package (details vary by location), including a generous bonus scheme and pension. 

 

Let’s care for your opportunities to progress 

From career development and digital learning programs to international career mobility, we offer lifelong learning for our employees worldwide and an environment where innovation, delivery and empowerment are fostered. 

 

Let’s care for life’s twists and turns 

From our support for flexible working, health and wellbeing (including private healthcare and generous parental leave benefits), to helping people return from career breaks with experience that nothing else can teach. We've got your back.  

 

Let’s care for our society and our planet 

With opportunities to be engaged in shaping a future that is safe, inclusive and sustainable, we care for the tomorrows of our people, our industry and our clients. 

 

Care to join us? 

 

Allianz Commercial is the Allianz Group brand serving the world’s largest consumer brands and major industry players through to family-owned enterprises forming the backbone of nations’ economies. We bring together the corporate multinational business of Allianz Global Corporate & Specialty and the commercial business of national Allianz Property & Casualty entities and provide both traditional and alternative risk transfer solutions, outstanding risk consulting and Multinational services as well as seamless claims handling.   

 

As a key strategic player in the Allianz Group network, Allianz Commercial is present in over 200 countries and in 2022 generated more than €19 billion gross premium.  

 

Learn more about early careers at Allianz Commercial by clicking here. 

 

Learn more about Allianz Commercial by clicking here. 

 

Allianz is an equal opportunity employer, and therefore welcomes applications regardless of ethnicity or cultural background, age, gender, nationality, religion, disability, sexual orientation or any other protected characteristic. Diversity of thinking is an important part of our culture. 

 

People with disabilities: 
We want to give all our candidates the best opportunity to succeed.  If you need any adjustments to be made during the application and selection process, please email agcsglobalcareers@allianz.com 

 

Recruitment Agencies:  
Allianz Commercial has an in-house recruitment team, which focuses on sourcing great candidates directly.  Allianz Commercial does not accept unsolicited resumes from agency or search firm recruiters.  Fees will not be paid in the event a candidate submitted by a recruiter without an agreement in place is hired.  When we do use agencies, we have a PSL in place, so please do not contact managers directly.
 

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