Training

In addition to the central training that Insurance & Financial Services joiners receive, the Insurance & Financial Services practice runs its own training courses to give you the practice specific knowledge and skills you require.

To prepare you for the challenges ahead, we provide study support to sit your actuarial exams, plus a wide range of projects, early responsibility and regular appraisals to facilitate rapid progress in your career. As your confidence and capability grow, you can expect increased client contact and greater project accountability on a defined career path to senior consultant.

To help you prepare for the actuarial examinations you will receive a substantial bank of study days.  To give you a sense of the scale of this benefit, a typical student actuary at Watson Wyatt receives 40 days study leave a year.  That is the equivalent to a day a week once annual leave has been factored in.

Within the office your professional development is supported by a range of training events including formal courses on subjects such as;

  • Introduction to Insurers and their products
  • Valuations under differing methodologies
  • Software applications appropriate to the line of business you are working in
  • Quality and Risk Management
  • Work / Life / Study balance

These courses are supported by a regular series of workshops enabling you to keep abreast of developments within our industry plus on the job training specific to the clients and type of assignments you are undertaking.

Financially, we will make a significant contribution towards your tuition materials, examination costs and travelling expenses for attending tutorials. You will receive salary increments for each examination level passed. The generosity of our study support is one of the reasons why our qualification rate is so much better than the national average.

 

Click here to visit the Institute of Actuaries website
Someone has eaten the cake you made for your Mum’s birthday next week. Out of your three flatmates – Tom, Ellie and Matt – one always tells the truth, and two always lie when food disappears. Tom says ‘I didn’t eat your cake’, Ellie says ‘Matt ate your cake’ and Matt says ‘I didn’t eat your cake.’ So who did eat it?

Tom ate the cake. One of Tom and Matt must be telling the truth (because only one person ate the cake), which means that Ellie is one of the liars and Matt didn't eat the cake. Therefore Matt was telling the truth and Tom must be lying.


Click here for a more detailed explanation