Business Insurance Underwriting Professional Development Program (BI UPDP) Internship

Travelers; Richmond (VA); On-site; USD 34,000 - 36,000; Full time

Job summary

Travelers in Richmond, VA invites you to join its 10-week Business Insurance Underwriting Professional Development Internship. You’ll gain hands-on underwriting exposure, complete core training, and work on real projects alongside mentors.

This internship can lead to the full UPDP program; housing assistance is not provided. You’ll learn to leverage analytical and AI tools, and you may visit agencies with Account Executives.

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.

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 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 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.
• 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 Rising Senior Intern Symposium.
• Perform other duties as assigned.

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?

Are you curious by nature? Do you enjoy managing relationships and employing your critical thinking skills? Underwriters perform the critical function of evaluating the acceptability of risk and determining appropriate pricing for insurance products. The Business Insurance (BI) Underwriting Professional Development Internship Program provides students with an amazing opportunity to gain exposure to this critical function at Travelers. The 10-week program (running from early June to mid-August) provides qualified interns with an excellent opportunity to gain first‑hand commercial insurance underwriting experience, receive valuable on‑the‑job training, and learn more about the property and casualty insurance industry from industry professionals. Given that, we are seeking interns that are serious about entering the insurance industry and who are excited about the prospect of making underwriting their future career choice. This role is a potential pathway to our full‑time Underwriting Professional Development Program (UPDP). Housing assistance is not provided.

What Will You Do?

• 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 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.
• 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 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.

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