Apprentice at Lloyd's of London

Start Date:
Central London & City
Programme Type:
Apprenticeship - Higher Level (Level 4/5)
£16,750 annually
Review Date:
May 2015

Connect with Lloyd's of London

Review Score

8 /10

1. Please give an overview of your role and what this involves on a day-to-day basis:


My current role is within the Political Risk and Credit department in the Country and Credit Risk Management team. Day to day my main focus is completing country models which involve heavily researching and analysing data and putting it into the model - the outcome is to come to a country grade. These are then fed back to the department in fortnightly presentations.

2. Have you learnt any new skills or developed existing skills?


I have learnt and developed upon many skills whilst on my apprenticeship. One area where I have devloped existing skills is in the use of Microsoft Office - particularly Excel and Word - where my ability to use these progams has significantly increased. I've also developed a number of insuarance specific skills and knowledge which I did not have any of prior to the start of this apprenticeship.

3. To what extent do you enjoy your programme?


I definately enjoy the Lloyd's Apprenticeship program. Having just begun my second placement, I feel as though I the experience I am gaining is excellent and I wouldnt have the same opportunities if I was not on the program. I enjoy going to work every day which I would say is a good indication that I enjoy the programme!

4. How valued do you feel by Lloyd's of London?


I feel valued by Lloyd's becuase they have invested a lot in us. Since I am not directly working within Lloyd's but within the insurance market, the fact that Lloyd's is willing to employ 13 apprentices and provide them with the best experience possible shows how much they value us as apprentices and for young people entering the market.

5. How well organised/structured is your programme?


The program is very well organised, and encorporates a lot into the 18 months. The placements are well selected and there is good communication between the two employers which ensures the structure of the program is well carried out.

6a. How much support do you receive from your training provider?


6b. How much support do you receive from your employer?


They offer good support - if there was ever an issue then they would be there to help. Due to the fact that I do not work directly with my employer day to day, this is even more important. Lots of training/learning support is also offered.

7. How well does your salary/package meet your costs?


My salary meets my costs fairly well, but working in London comes with significantly higher costs for travel etc. I appreciate it is a good salary for an apprentice. Doesn't leave too much lett for shopping!

8. Are there many opportunities outside of work?


There have been lots of opportunities outside of work both within Lloyd's and at my placements, such as clubs and charity events.

9. Would you recommend Lloyd's of London to a friend?


9b. Why?

I would recomment the Lloyd's Apprenticeship program to any school leaver becuase it provides such unique and fantastic experience within the insurance industry and provides a real alternative to university for those who wish to gain experience as well as studing.

10. What tips or advice would you give to others applying to Lloyd's of London?

You don't need to know a lot about insurance or know anybody who works in it to make the most of the scheme. I didn't know anything before I began and that hasn't hindered me whatsoever.

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