International Casualty concerns mainly Third Party Liability.
Broking involves receiving a report of key information from the client, extracting the key points, analysing the risks, calculating an expected premium and going into the Lloyd's market to talk to underwriters about this and get a quote. After this you confirm your quote, fraw up a contract and later discuss any changes the client requests to the policy and negotiate these with the underwriters.
1. To what extent did you enjoy your work placement or internship?
I enjoyed it, there were lots of useful lunch and learn sessions and my team made a real effort to organise lots of useful experience for me
2. To what extent did you feel valued by your colleagues?
All of the team were really welcoming and took a real interest in getting to know me. Several of them invited me to observe things that they were doing and took the time to explain
3. To what extent were you given support and guidance by management/your supervisor(s)?
My manager This section of the comment has been removed
by a member of the RateMyPlacement Team because
it did not meet our site terms and conditions was excellent. She created a full itinery for me and learning guides as well as organising visits and meetings with other departments to get a full overview of the company and industry as a whole. She was very helpful, always answered my questions and acted on any requests for things I would like to learn about, even if she could not answer them herself.
4. How busy were you on a daily basis?
This varied throughout the internship. At the start I was less busy and relied more on being shown things by others (which invariably got cancelled or delayed time to time). However, having a Corporate Social Responsibility project alongside day to day work was useful in giving me something to do in between meetings/ pieces of work. Towards the end of the internship I have larger pieces of work I can complete mostly without help which allows me to structure my own time.
5. How much responsibility were you given during your placement?
I had some degree of responsibility, I was encouraged to try things on my own and then check them with another member of the team
6. To what extent did/will the skills you developed, and training you received, assist you in your degree studies and beyond?
It was useful to have practice meeting others, networking and to get experience broking- which you would not get in any other environment. Hard to say whether this will assist in my degree studies but will be useful later on in my career.
7. What was the general atmosphere in your office?
Office atmosphere was very friendly within teams. Everyone was approachable and willing to help. The atmosphere was fairly relaxed and I was able to have a joke with my team as well as attend some team social events.
The only problem is that it was quite a big office so there was not that much interaction between other teams.
8. How well organised was the overall work placement or internship set up?
The placement was very well organised thanks to my manager. However, I think that this depends on the team you are in and how much effort they put in to the placement. There was no structure enforced from the Graduate team meaning that the experience people had varied hugely between teams. Perhaps guidelines that managers could follow would help make this more consistent.
9. In terms of personal training and development, to what extent did the company or firm invest in you?
My team really invested in me and took time to teach me the basics before allowing me to shadow and eventually to begin to lead my own work. Others were also very happy to meet with you informally to explain things if you emailed them. My advice would be to try and be proactive in meeting those in other areas or asking for more work/ experience from your team. Your manager should assist with this.
10. What were the perks on your work placement?
11. How appealing are future employment prospects within the organisation?
I would be keen to come back to the company as I really liked the work and the people. The graduate team made it clear that they use the internship to try and progress people on to the graduate scheme but it has not been made clear how likely it is that interns will be chosen for the graduate scheme.
12. Was there a good social scene amongst any fellow placement students/colleagues?
My team was very friendly and I was invited to a few events with the team. The younger members of the team also invited me to lunches and drinks after work which was nice to get to know them outside of a work environment. Aon laid on a couple of social events for the interns and we organised a few social events ourselves, but this really depends on the other interns and for example, the length of journey people have to get home/ other commitments to how keen others are to meet after work. Also normal working hours/ work loads varied between teams meaning not all interns finished work at the same time.
13. What was the cost of living and socialising in the area you worked in?
I lived at home and commuted to work, so cannot really comment on the cost of living. The cost of socialising was quite expensive but we were getting paid and so I felt I could afford to do this sometimes. However, although it was expensive the office is centrally located near Liverpool Street and so there was lots of choice of bars, restaurants, activities etc.
14. What was the Nightlife like in the area you worked?
Nightlife was good, lots of bars and pubs and interesting places to visit. Lots of variation but all were quite pricey. Also very centrally located which is good for transport links to get home.
15. Were there many opportunities to get involved in activities outside of work?
I didn't experience many activities organised by the company, however there seemed to be plenty of things to get involved with if you wanted eg. under 30s events organised by LLoyds etc. Aon gave us a CSR project supporting a charity so within your group people did charity events/ visited their charities. Again, the degree of activites available was primarily determined by your team/ anything you decided to organise between yourselves.