Bond & Specialty Underwriting Professional Development Program (BSI UPDP) Internship

Travelers Canada; Braintree (MA); On-site; USD 34,000 - 36,000; Full time

Job summary

Travelers is offering an Underwriting Internship Program through Bond & Specialty Insurance (BSI) that provides hands-on experience in risk assessment and client relationships. Interns gain training in underwriting processes, analytics and collaboration with agents and brokers.

Positions run 10-12 weeks from late May to mid-August, with no housing assistance. Eligible students pursuing a Bachelor's degree in business-related fields will develop key skills in insurance, market analysis and

Qualifications

• Preferred cumulative GPA of 3.0 or above.
• Obtained or pursuing a Bachelor's degree in Business Administration, Economics, Finance, Liberal Arts (with business focus preferred), Management, Marketing, Risk Management and Insurance.
• Working knowledge of Microsoft Office.
• Pursuing or obtained a Bachelor’s degree.

Responsibilities

• 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 underwriting, sales and marketing.
• Learn to leverage modern analytical and artificial intelligence (AI) tools/platforms with the ability to apply critical thinking to evaluate limitations related to quality and accuracy of AI-assisted outputs.
• Participate in the Enterprise Internship experience which includes Executive Speaker Series, Networking events, and Rising Senior Intern Symposium.
• Perform other duties as assigned.

Education

Bachelor's degree in Business Administration or related fields

Pursuing or obtained Bachelor's degree

Tools

Microsoft Office

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 hourly 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 hourly rate 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 $25.00 - $26.00

Target Openings 1

What Is the Opportunity?

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 underwriting, sales and marketing.
• Learn to leverage modern analytical and artificial intelligence (AI) tools/platforms with the ability to apply critical thinking to evaluate limitations related to quality and accuracy of AI-assisted outputs.
• Participate in the Enterprise Internship experience which includes Executive Speaker Series, Networking events, and Rising Senior Intern Symposium.
• Perform other duties as assigned.

What Will Our Ideal Candidate Have?

Preferred cumulative GPA of 3.0 or above.

Obtained or pursuing a Bachelor's degree in Business Administration, Economics, Finance, Liberal Arts (with business focus preferred), Management, Marketing, Risk Management and Insurance.

Working knowledge of Microsoft Office.

What is a Must Have?

Pursuing or obtained a Bachelor’s degree.

Employment Practices

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. If you require accommodation during the recruitment or interview process we will work with you to accommodate your needs. If you are a candidate and have specific questions regarding the physical requirements of this role, please send us an email so we may assist you.

Travelers reserves the right to fill this position at a level above or below the level included in this posting.

To learn more about our comprehensive benefit programs please visit http://careers.travelers.com/life-at-travelers/benefits/.

Travelers has more than 30,000 employees in the United States, Canada, the United Kingdom, and Ireland.

Open to all employees, our 10 Diversity Networks celebrate culture and communities and create spaces for all employees through powerful forums for dialogue and support.

Employees and their eligible family members – including spouses, domestic partners and children – are eligible for coverage from the first day of employment.

Travelers has been recognized by organizations such as G.I. Jobs and Military Times.

Our employees are valuable assets to their hometowns, volunteering for important causes each year.

Imagine other opportunities here.