At a Glance
- Tasks: Gain hands-on experience in the global insurance market and work on exciting projects.
- Company: Join Markel, a leading global specialty insurer with a people-first culture.
- Benefits: Enjoy mentorship, networking opportunities, and a vibrant office environment with stunning views.
- Other info: Experience a supportive community and develop essential skills for your future.
- Why this job: Kickstart your career in insurance while making meaningful contributions to real projects.
- Qualifications: Penultimate year university student with a passion for collaboration and innovation.
The predicted salary is between 20000 - 30000 £ per year.
Meet Markel: Welcome to Markel where we take great pride in what we do. To us, insurance isn’t just a policy - it’s a vital promise that gives people and businesses the confidence to move forward, each and every day. Here, you’ll find exceptional people, without the ego. People who’ll bring out your best, and support you at every step, because it’s who we are and the secret to our success.
We are a leading global speciality insurer with a truly people first approach. With over 5,000 employees across the globe, finding creative solutions for complex risks is our passion. Our international business is made up of two core divisions: London Market/Wholesale and National Markets/UK, through these we offer innovative products and services. We pride ourselves on having accessible leadership, an inclusive culture and a focus on empowerment - we call this The Markel Style.
The Opportunity: The Summer Internship is a fantastic way to gain valuable insight into our global insurance organisation. This is an 8 week programme designed to provide you with an opportunity to learn about the business through on the job experience. The internship programme will also support you in developing a range of skills that will be helpful to begin your career.
Throughout the placement you will be able to undertake important work and projects, bring new ideas and give a fresh perspective to the business. The internship is made up of three elements:
- On the job training
- Summer intern project
- Professional skills training
What you’ll be doing: As a core component of Markel International’s insurance operations, the Wholesale/London Market division trades globally with medium to large businesses and offers larger premiums and limits. Throughout your eight week internship, you will:
- Gain exposure to the Lloyd’s of London insurance market, with the opportunity to work alongside colleagues from various teams and visit the iconic Lloyd’s of London building.
- Develop insight into key processes within your placement team e.g. underwriting process, providing support to team members and senior managers through a range of administrative and project based tasks.
- Work on ad-hoc projects within the team.
- Shadow underwriters/senior managers at client/broker meetings.
- Network with current early careers participants.
- Own and run your own project with the rest of the intern cohort, providing exposure to other areas and functions in the business.
You will be based out of our London office. To ensure that you have the best experience, you will be required to be in the office four days per week, with work from home (optional) on a Friday.
What’s in it for you? You’ll get support every step of the way – we know that starting out in a new role and industry can be daunting but Markel’s ego-free environment gives you all the support that you need to go further and achieve great things. We are committed to your career - there are countless opportunities to learn new skills and develop in your career and we can provide the support needed to do just that!
Our must-haves: Markel are looking for candidates who:
- Are collaborative, love building relationships, and bring out the best in others.
- Recognise the vital role our work plays in the world and are passionate about playing their part.
- Are always looking for ways to innovate and improve what we do.
- Are proactive and committed to making a meaningful difference every day.
- Penultimate year university student working towards a degree (in any discipline), with a minimum 2:2 classification.
- Proven eligibility to work in the UK.
- Basic skills in Microsoft Word and Microsoft Excel.
Are you ready to play your part? Register your interest in these roles, and we’ll support you throughout the application process.
Summer Internship: Wholesale Insurance & Underwriting Exposure employer: Markel
At Markel, we pride ourselves on fostering a supportive and inclusive work environment that empowers our employees to thrive. As a Summer Intern in our London office, you'll gain invaluable exposure to the dynamic world of wholesale insurance while enjoying a culture that prioritises collaboration and personal growth. With access to mentorship, professional training, and a vibrant early careers community, you'll be well-equipped to launch your career in a company that truly values its people.
StudySmarter Expert Advice🤫
We think this is how you could land Summer Internship: Wholesale Insurance & Underwriting Exposure
✨Hit Up Local Job Fairs
Insurance internships are often showcased at local career fairs, so pop down to a few and chat with recruiters from companies like Markel. It’s a great way to get your face out there and show off your enthusiasm for the industry – plus, you can ask questions that show you’ve done your homework!
✨Leverage Your Uni’s Career Services
Your university’s career services can be a goldmine for finding insurance internships. They often have partnerships with companies and can give you access to exclusive opportunities – so be sure to check in and get help polishing your application for roles at places like Markel.
✨Connect with Alumni in the Industry
Look for alumni from your university who are working in insurance. Reach out for a chat on LinkedIn – they can give you insider tips about landing spots like internships at Markel. Plus, they might even know of openings before they’re posted!
✨Show Off Your Skills Online
Create a professional online presence showcasing your skills and interests in insurance. Whether it’s writing articles on LinkedIn or sharing insights on industry trends, being visible can attract attention from hiring managers at companies like Markel. Don’t hesitate to apply through our website!
We think you need these skills to ace Summer Internship: Wholesale Insurance & Underwriting Exposure
Some tips for your application 🫡
Highlight Your Analytical Skills:In the insurance industry, analysing data is key! Make sure to sprinkle examples of your analytical and problem-solving skills throughout your CV and cover letter. This could be from your studies or any relevant projects where you've had to assess risk, assess financial data, or use statistics.
Show Enthusiasm for Learning:As an intern, it's super important to show your eagerness to learn. Use your cover letter to express why you're passionate about the insurance field and what you hope to gain from the internship at Markel. We're looking for those who want to dive in and make the most of this opportunity!
Include Relevant Coursework and Projects:Don't be shy about mentioning specific courses or projects that relate to insurance! If you've taken modules in risk assessment, finance, or related topics, make sure they're highlighted in your application. This not only shows your background but helps us connect the dots about your fit for the role.
Tailor Your Documents to Markel:Every company has its unique vibe and values! Take a little time to tailor your CV and cover letter specifically for Markel. Look into their culture, their services, and mention why you think you’d be a great fit. It shows you care and that you’ve done your homework—huge plus points!
How to prepare for a job interview at Markel
✨Get a Grip on Insurance Basics
Before heading into the interview with Markel, brush up on fundamental insurance concepts. Understand the different types of insurance products, like life, health, and property insurance, as well as basic terms like underwriting and premiums. This will show your genuine interest in the field and help you articulate your thoughts better.
✨Prepare for Scenario-Based Questions
In insurance internships, interviewers love to liven things up with scenario-based questions. Think about how you’d handle common situations—like a client asking about policy options or presenting a claim. Practising these scenarios will help us feel confident and ready to showcase our problem-solving skills during the interview!
✨Highlight Your Analytical Skills
Insurance relies a lot on data and analysis. Make sure to mention any relevant coursework or projects that involved data interpretation, risk assessment, or financial analysis. We want to show that we can combine our analytical skills with a fresh perspective to contribute to the team at Markel.
✨Show Enthusiasm for Learning
As an intern, your motivation and willingness to learn can be just as impactful as your current knowledge. Be ready to discuss what excites you about the insurance industry and how this internship at Markel fits into your career goals. Let’s convey that we’re eager to soak up as much knowledge as we can during our time there!
