Bond and Specialty Insurance Intern: Underwriting Professional Development Program (UPDP)

Travelers; Saint Paul (MN); On-site; USD 18,000 - 30,000; Part time

Benefits offered by this job

Housing not provided

Job summary

Travelers Canada invites students to join its Bond & Specialty Insurance Underwriting Internship Program in Saint Paul, MN. This paid internship offers hands-on exposure to underwriting, with 10–12 weeks of project work beginning late May/early June. Interns gain on‑the‑job training and learn how analysts evaluate risk and work with agents and clients.

Applicants must be authorized to work in the U.S. now and in the future; sponsorship is not provided. Housing assistance is not provided.

Qualifications

• Analytical skills
• Marketing skills

Responsibilities

• Complete challenging and meaningful project work during the program.
• Participate in core assignments with a designated coach to develop insurance knowledge.

Job description

Who Are We?

Taking care of our customers, our communities and each other. That's the Travelers Promise. By honoring this commitment, we have maintained our reputation as one of the best property casualty insurers in the industry for over 170 years. Join us to discover a culture that is rooted in innovation and thrives on collaboration. Imagine loving what you do and where you do it.

Job Category Underwriting Compensation Overview

The annual base salary range provided for this position is a nationwide market range and represents a broad range of salaries for this role across the country. The actual salary for this position will be determined by a number of factors, including the scope, complexity and location of the role; the skills, education, training, credentials and experience of the candidate; and other conditions of employment. As part of our comprehensive compensation and benefits program, employees are also eligible for performance-based cash incentive awards. Salary Range $0.00 - $22.00 Target Openings 1

What Is the Opportunity?

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. Applications for this posting will be reviewed on a rolling basis. The Bond & Specialty Insurance (BSI) Underwriting Internship Program provides qualified interns with an excellent opportunity to gain first‑hand experience, receive valuable on‑the‑job training and learn more about the property & casualty insurance industry.

What exactly is an Underwriter?

Insurance is the contractual transfer of financial risk from one party to another. Underwriters (Account Executives) are the heart of the insurance process, gathering and researching pertinent information and then using finely tuned analytical skills to evaluate the acceptability of business and institutional risk. However, underwriters are more than just analysts - they are the core relationship builders with our agents and clients. They are responsible for managing a profitable portfolio of business through our distributing agents and brokers. An underwriting career includes a dynamic blend of analytical and marketing skills - it's challenging, stimulating and a superb career choice.

BSI provides management liability, professional liability and surety to businesses of all sizes. It also provides traditional property casualty coverages to financial institutions, and is organized into six separate and distinct business units which include:

• Commercial Surety (protects a third party from the failure of an insured to perform or fulfill an obligation)
• Construction Services (insuring the bond between contractors and clients)
• Financial Institutions (insurance for community banks, credit unions, insurance companies, investment advisors and large depository & non-depository institutions)
• Private/Non Profit Liability (insurance products for private companies and non-profit institutions)
• Professional Liability (coverage protects against liability claims for negligence, errors and omissions in the performance of professional services)
• Public Company Liability (insurance products crafted to address the diverse management liability exposures faced by today's public companies.)

Positions last approximately 10-12 weeks beginning in late May/early June and ending in mid-August. Housing assistance is not provided.

What Will You Do?

Each intern will be expected to complete challenging and meaningful project work over the course of this program. In addition, there are core assignments and a designated coach to further develop interns’ knowledge of insurance