At a Glance
- Tasks: Join a dynamic team for an 8-week placement in the insurance industry.
- Company: Lloyd's is the world's leading insurance marketplace, fostering innovation and collaboration.
- Benefits: Enjoy flexible working, health programmes, and generous perks like training support and employee discounts.
- Why this job: Gain hands-on experience while networking with industry leaders and showcasing your skills.
- Qualifications: Open to Armed Forces veterans and reservists; no prior insurance experience required.
- Other info: Diversity and inclusion are key; we welcome all backgrounds and perspectives.
The predicted salary is between 30000 - 42000 Β£ per year.
Lloyd's is the world's leading insurance and reinsurance marketplace. We share the collective intelligence and risk sharing expertise of the market's brightest minds, working together for a braver world. Our role is to inspire courage, so tomorrow's progress isn't limited by today's risks. Our shared values: we are brave; we are stronger together; we do the right thing; guide what we do and how we act. If you share our values and our passion to build a future that's more sustainable, resilient and inclusive, you'll find a home at Lloyd's - build a braver future with us.
About the Scheme
The Lloyd's Military Network Insurance Placement Scheme offers Armed Forces veterans and reservists the opportunity of a work placement in the most advanced insurance market in the world.
Objectives
The placement aims to bridge the knowledge and experience gap of candidates by providing access to on-the-job training and a route to possible employment opportunities in the Lloyd's Market. We actively engage with hiring managers in the market to discuss the benefits of recruiting ex-military talent. Success against these objectives allows us to achieve our goal of identifying and curating tailored opportunities for veterans and reservists to find employment in the London and wider insurance market. The scheme has been running for over five years and during that period we have had an 80-90% success rate in candidates on the scheme securing roles in the industry. This is a direct result of individuals being able to showcase their skills that they bring to prospective employers.
Placement Details
The scheme runs over eight weeks with all participants starting on the same date. Where possible, we will try and align individuals to placements that match where they want to be (project managers into project management roles) but this may not always be possible as we appreciate that many applicants might not know where they see themselves fitting, and the opportunities may not map across. If you have a particular interest, please indicate this in your application. Whilst your preferences will be taken into consideration, we encourage you to remain open-minded and embrace the opportunity to learn and network across the industry.
Application process and timelines
Applications for the scheme will close on 27th June 2025. Candidates will need to be available for an interview between 25th July 2025 and 1st August 2025. The Placement Scheme will start on Monday 8th September 2025 and last 8 weeks.
Diversity and inclusion are a focus for us - Lloyd's aim is to build a diverse, inclusive environment that reflects the global markets we work in. One where everyone is treated with dignity and respect to achieve their full potential. In practice, this means we are positive and inclusive about making workplace adjustments, we offer regular health and wellbeing programmes, diversity and inclusion training, employee networks, mentoring and volunteering opportunities as well as investment into your professional development. You can read more about diversity and inclusion on our website.
We understand that our work/life balance is important to us all and that a hybrid of working from the office and home can offer a great level of flexibility. Flexible working forms part of a total reward approach which offers a host of other benefits over and above the standard offering (generous pension, healthcare, wellbeing etc). These include financial support for training, education & development, a benefit allowance (to spend on our flexible benefits such as gym membership, dental insurance, extra holiday or to partake in our cycle to work scheme), employee recognition scheme and various employee discount schemes.
By choosing Lloyd's, you'll be part of a team that brings together the best minds in the industry, and together with our underwriters and brokers, we create innovative, responsive solutions allowing us to share risk and solve complex problems.
Should you require any additional support with your application, or any adjustments, please click the following link; //cleartalents/apply/lloyds-msa1645695881. Please note, clicking on this link does not register your application for the vacancy.
Lloyd\'s Military Network Placement employer: Lloyd's
Contact Detail:
Lloyd's Recruiting Team
StudySmarter Expert Advice π€«
We think this is how you could land Lloyd\'s Military Network Placement
β¨Tip Number 1
Familiarise yourself with Lloyd's values and mission. Understanding their commitment to courage, collaboration, and integrity will help you align your responses during interviews and demonstrate that you're a good cultural fit.
β¨Tip Number 2
Network with current or former participants of the Lloyd's Military Network Placement. They can provide valuable insights into the application process and what to expect during the placement, helping you prepare effectively.
β¨Tip Number 3
Be open-minded about the roles you apply for within the insurance market. While you may have a specific interest, showing flexibility can lead to unexpected opportunities that align with your skills and experiences.
β¨Tip Number 4
Prepare thoughtful questions for your interview that reflect your understanding of the insurance industry and Lloyd's role in it. This shows your genuine interest and can set you apart from other candidates.
We think you need these skills to ace Lloyd\'s Military Network Placement
Some tips for your application π«‘
Understand the Company Values: Before applying, take some time to understand Lloyd's values: bravery, collaboration, and integrity. Reflect these values in your application to show that you align with their mission.
Tailor Your CV: Make sure your CV highlights relevant experiences, especially those that demonstrate leadership, teamwork, and problem-solving skills. Use specific examples from your military background that showcase your abilities.
Craft a Compelling Cover Letter: In your cover letter, express your passion for the insurance industry and how your military experience has prepared you for this placement. Mention any specific interests you have regarding the roles available.
Prepare for the Interview: If selected for an interview, prepare by researching common interview questions and practicing your responses. Be ready to discuss how your skills can contribute to Lloyd's goals and how you can adapt to the insurance market.
How to prepare for a job interview at Lloyd's
β¨Understand Lloyd's Values
Before your interview, make sure you understand the core values of Lloyd's: bravery, collaboration, and integrity. Be prepared to discuss how your own values align with theirs and provide examples from your experience that demonstrate these qualities.
β¨Showcase Your Military Experience
As this placement is specifically for Armed Forces veterans and reservists, highlight your military background and how it has equipped you with unique skills. Discuss leadership, teamwork, and problem-solving experiences that are relevant to the insurance industry.
β¨Be Open-Minded About Roles
While you may have a specific role in mind, be open to exploring various opportunities within the Lloyd's Market. Express your willingness to learn and adapt, as this flexibility can be a significant advantage during the interview.
β¨Prepare Questions About Diversity and Inclusion
Lloyd's places a strong emphasis on diversity and inclusion. Prepare thoughtful questions about their initiatives in this area, showing your interest in being part of an inclusive workplace. This demonstrates your commitment to contributing positively to their culture.