Business Insurance Underwriting Professional Development Program (BI UPDP) Internship
Travelers · Melville, NY, US
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About the Role
The Business Insurance (BI) Underwriting Professional Development Internship Program provides students with an opportunity to gain exposure to the critical function of evaluating risk acceptability and determining appropriate pricing for insurance products. This 10-week program offers hands-on commercial insurance underwriting experience, valuable training, and insights into the property and casualty insurance industry. This role serves as a potential pathway to the full-time Underwriting Professional Development Program (UPDP).
Responsibilities
- 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, potentially including territorial risk assessment and business process analysis.
- Learn to leverage modern analytical and artificial intelligence (AI) tools/platforms and apply critical thinking to evaluate AI-assisted outputs.
- Learn about other areas at Travelers such as Risk Control, Claims, and related corporate functions.
- Engage in agency visits with Account Executives.
- Participate in the Enterprise Internship experience, including Executive Speaker Series, Networking events, and Rising Senior Intern Symposium.
- Perform other duties as assigned.
Requirements
- Applicants must be authorized to work for any employer in the U.S. now and in the future.
- The company does not sponsor/support H-1B petitions, TN, or Forms I-983/STEM OPT, for this role.
- Pursuing or obtained a Bachelor’s degree.
- Preferred cumulative GPA of 3.0 or above.
Skills
- Critical thinking
- Working knowledge of Microsoft Office
- Analytical skills
Location
- Nationwide
Work Type
- Internship
- Full-time
Experience Level
- Internship
Education Level
- Bachelor's degree in Business Administration, Economics, Finance, Liberal Arts (with business focus preferred), Management, Marketing, Risk Management and Insurance
Salary/Compensations
- $25.00 - $26.00 per hour
Benefits
- Eligibility for performance-based cash incentive awards.
- Comprehensive benefit programs available.
About the Company
- Travelers is a property casualty insurer with over 170 years of history.
- The company fosters a culture rooted in innovation and collaboration.
- Travelers is committed to taking care of its customers, communities, and employees.
Equal Opportunity
- Travelers is an equal opportunity employer.
- We value the unique abilities and talents each individual brings to our organization and recognize that we benefit in numerous ways from our differences.
- We are committed to providing accommodation to persons with disabilities.
- Travelers reserves the right to fill this position at a level above or below the level included in this posting.