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2025 Actuary Analyst Intern

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Allstate

Oct 18, 2024

Applications are closed

  • Internship
    Full-time
    Summer Internship
  • Data
    Research & Development
  • United Kingdom, +11
    Remote

Requirements

  • Pursuing a Bachelor’s degree or Graduate degree in Actuarial Science, Math, Statistics or related field AND be in strong academic standing; must be a full time student the semester following the internship
  • Pursuing actuarial designation
  • Can analyze data and review analysis while demonstrating strong decision-making skills
  • Computer proficiency in Microsoft Office: Intermediate – Excel, Intermediate – Word, Beginner – Outlook, Basic – PowerPoint; standard knowledge in the use of data sources
  • Strong written and verbal communication skills

Responsibilities

  • Conducts reviews of rates for assigned states and product lines, analyzing profit and loss results, past and current trends, projecting underwriting losses and reviewing competitiveness of rates
  • Completes detailed analyses, makes recommendations, and prepares rate package proposals for key business partners
  • Prepares internal and external communications, including interactions with regulatory authorities and management that will describe and support rules and rate changes

FAQs

Is this internship remote?

Yes, this is a home-based remote virtual internship for summer 2025.

What is the duration of the internship?

The internship will run for 12 weeks.

What qualifications are required for the Actuary Analyst Intern position?

Candidates should be pursuing a Bachelor’s or Graduate degree in Actuarial Science, Math, Statistics, or a related field, and must be in strong academic standing.

Is there an opportunity for full-time positions after the internship?

Yes, over 90% of Allstate actuarial interns who have been offered full-time employment in the past have accepted the offer to return to Allstate.

What type of tasks will an intern be responsible for?

Interns will conduct reviews of rates, complete detailed analyses, prepare rate package proposals, and communicate with regulatory authorities and management.

What skills are necessary for this internship?

Strong analytical abilities, decision-making skills, computer proficiency (especially in Microsoft Office), and strong written and verbal communication skills are necessary.

What is the compensation for this internship?

Compensation offered for this role is between $25 and $35 an hour, based on experience and qualifications.

Are there any requirements regarding actuarial designation?

Yes, candidates should be pursuing an actuarial designation.

Does Allstate offer mentorship opportunities during the internship?

Yes, Allstate has an established mentoring initiative to support the interns.

Is this position open to international students?

Allstate generally does not sponsor individuals for employment-based visas for this position.

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Benefits

  • Sick Pay