Business Insurance Underwriting Internship - Chicago

Travelers

Oct 18, 2023

Applications are closed

Internship
Full-time
Off-cycle Internship
Banking & Finance
Chicago

Requirements

Because the Underwriting Development Internship Program is itself complex and dynamic, we welcome applicants that have a variety of majors, backgrounds and experiences. For the UPDP Internship, we are most interested in students who are serious about entering the insurance industry and who are excited about the prospect of making underwriting their future career choice.
Preferred cumulative GPA of 3.0 or above.
Undergraduate students completing their sophomore or junior year preferred.
Working knowledge of Microsoft Office.
Strong verbal and written communication skills.
Strong analytical skills.
Legal eligibility to work in the United States.
Targeted Majors:
Business Administration
Economics
Finance
Liberal Arts (with business focus preferred)
Management
Marketing
Risk Management and Insurance
What is a Must Have?
Candidate must be pursuing a Bachelor’s degree.
Approximate work availability from June through August (10-12 weeks).

Responsibilities

Within your assigned business unit, each intern will be given a designated coach and be expected to:
Complete core assignments and training modules geared toward insurance and underwriting principles.
Participate and complete self-paced professional development courses in time management, presentation skills, and other key areas.
Complete challenging and meaningful project work over the course of this program at the discretion of your manager. You may work independently or with other interns and will be asked to present your findings to local leadership. Sample projects include a territorial risk assessment to determine profitability and underwriting opportunities as well as a business process analysis to determine underwriting gaps.
Learn about other areas at Travelers such as Risk Control, Claims, and related Corporate functions. Interns may also engage in Agency visits with Account Executives.
Participate in the Enterprise Internship experience which includes Executive Speaker Series, Networking events, and Intern Symposium for Rising Seniors.
Perform other duties as assigned.

Travelers

Travelers – taking care of our customers, communities and each other.

Finance

Industry

10,001+

Employees

1853

Founded Year

Mission & Purpose

Travelers provides insurance coverage to protect the things that are important to you – your home, your car, your valuables and your business. We have been around for more than 165 years and have earned a reputation as one of the best property casualty insurers in the industry because we take care of our customers, agents, brokers, communities and each other. Every day, our approximately 30,000 employees and 13,500 independent agents and brokers in the United States, Canada, the United Kingdom and Ireland help provide peace of mind to our customers. Our expertise and focus on innovation have made us an industry leader and the only property casualty company in the Dow Jones Industrial Average. Our history of advancements has propelled our company, and our industry, to deliver higher standards – from writing the first auto and space travel policies to founding the Travelers Institute for public policy and launching a hybrid car discount. By minimizing risk, preventing loss and helping our customers prepare for the unknown, Travelers’ comprehensive products and services enable individuals and businesses to feel confident and secure about the future.