Intern - Financial Lines

Allianz; Chicago (IL); Hybrid; USD 49,000 - 59,000; Full time

Benefits offered by this job

Hybrid work model

Generous compensation and benefits

Job summary

Allianz Commercial is seeking a motivated intern for the Financial Lines team in Chicago. You’ll work across risk consulting, underwriting, and operations, gaining hands‑on experience identifying and analyzing risk for international clients.

You’ll contribute from day one, participate in meaningful projects, and receive mentorship across multiple business areas while pursuing your degree with a minimum GPA of 3.0 and fluent English.

Qualifications

• Pursuing a bachelor’s degree in Economics, Finance, or a related field.
• Minimum GPA of 3.0.
• Fluent in English with strong communication skills.
• Proficiency with basic computer applications including Excel.

Responsibilities

• Risk Consulting Support: assist with identifying and analyzing risk across lines of business.
• Special Projects: collaborate on a proof of concept for a new product or research effort.
• On‑the‑Job Learning: participate in learning and development activities to understand how insurance works.

Skills

Fluent English

Strong communication

Analytical thinking

Team player

Self-starter

AI basics

Excel

Education

Bachelor's degree in Economics/Finance or related field

GPA 3.0+

Tools

Excel

Job description

We are looking for an Intern for our Financial Lines Team. This will be a hybrid role based in Chicago, IL.

Your Team

Allianz Commercial (AzC) specializes in corporate property insurance for the most complex and challenging risk exposures in more than 200 countries and territories. With a focus on larger international risk portfolios, we offer tailor‑made 'All Risks' property damage and business interruption insurance through our Allianz Commercial Property network.

Our experience speaks for itself, insuring the majority of Allianz Commercial Property Fortune 500 companies, managing over 1000 Allianz Commercial property insurance programs, and fielding an underwriting team averaging over 20 years’ experience, backed up a worldwide team of risk consultants and claims specialists.

When it comes to underwriting insurance products for well-known famous sports venues, sports/entertainment facilities, major airlines, retail/wholesale companies, banks and manufacturers, we do it all!

About This Opportunity

• We're looking for a motivated and curious intern to join our Financial Lines team. This internship is designed to give you hands‑on experience in the world of commercial insurance. You'll work alongside our risk consulting, underwriting, and operational support professionals, gaining a real‑world understanding of how risk is identified, analyzed, and managed.
• This isn't a "get coffee and make copies" kind of internship. You'll be an active contributor from day one, with meaningful projects, mentorship, and exposure to multiple areas of our business.

The Impact You Will Have

• Help our team identify and analyze risk, contributing to the decisions that protect businesses around the world.
• Collaborate on a proof of concept for a new product offering or research initiative, bringing fresh ideas and perspectives.
• Gain exposure across lines of business, seeing the full picture of how our Risk Consulting team operates.
• Build connections across the organization through job shadows, internal meetings, and speaking engagements.

Some of Your Responsibilities Could Include

• Risk Consulting Support: Assist with identifying and analyzing risk, and learn how we advise clients on managing potential losses. You may work across different lines of business, giving you a broad view of our capabilities.
• Special Projects: Collaborate on a proof of concept for a new product or research effort. You'll also take on projects that can be completed within the length of your internship, so you'll see your work through from start to finish.
• On‑the‑Job Learning: Participate in a wide range of learning and development activities designed to immerse you in how insurance works, from the ground up.

What You'll Bring to the Role

• We're not looking for someone who knows everything. We're looking for someone who's eager to learn, ready to contribute, and excited about solving problems. Here's what will set you up for success:
• Currently pursuing a bachelor's degree in Economics, Finance, or a related field
• A minimum GPA of 3.0
• Comfortable with basic computer applications, including Excel and other Microsoft Office tools
• Strong communication skills, both written and verbal
• Solid problem‑solving and analytical thinking abilities
• Ability to prioritize tasks and meet deadlines in a fast‑paced environment
• A self‑starter who also thrives as part of a team
• Fluent in English
• A basic understanding of artificial intelligence (AI) and its potential applications in business is essential.

What’s in it for you?

Let’s care about everything that makes you, you

We are committed to nurturing an inclusive environment where everyone feels they belong. We offer a hybrid working model, which recognizes the value of striking a balance between in‑person collaboration and remote working. Please feel free to discuss flexible working arrangements with us.

Let’s care for your financial wellbeing

We believe in rewarding performance with a great compensation and benefits package (details vary by location), including a generous bonus scheme and pension.

Let’s care for your opportunities to progress

From career development and digital learning programs to international career mobility, we offer lifelong learning for our employees worldwide and an environment where innovation, delivery and empowerment are fostered.

Let’s care for life’s twists and turns

From our support for flexible working, health and wellbeing (including private healthcare and generous parental leave benefits), to helping people return from career breaks with experience that nothing else can teach. We've got your back.

Let’s care for our society and our planet

With opportunities to be engaged in shaping a future that is safe, inclusive and sustainable, we care for the tomorrows of our people, our industry and our clients.

Care to join us?

Allianz Commercial is the center of expertise of Allianz Group, insuring mid‑sized businesses, large enterprises, and special risks. Our customers include top consumer brands, financial institutions, industry leaders, the global aviation and shipping industries, as well as family‑owned and medium‑enterprises. We also cover unique risks such as offshore wind farms, infrastructure projects and film productions. Our clients trust us to provide a wide range of traditional and alternative risk transfer solutions, outstanding risk consulting and multinational services, and seamless claims handling. Allianz Commercial helps customers to prepare for what's ahead.

At Allianz, we stand for unity: we believe that a united world is a more prosperous world, and we are dedicated to consistently advocating for equal opportunities for all. And the foundation for this is our inclusive workplace, where people and performance both matters, and nurtures a culture grounded in integrity, fairness, inclusion and trust.

We therefore welcome applications regardless of race, ethnicity or cultural background, age, gender, nationality, religion, social class, disability or sexual orientation, or any other characteristics protected under applicable local laws and regulations.

Join us. Let's care for tomorrow.

People with disabilities:

We want to give all our candidates the best opportunity to succeed. If you need any adjustments to be made during the application and selection process, please email [e-mail]

Recruitment Agencies:

Allianz Commercial has an in‑house recruitment team, which focuses on sourcing great candidates directly. Allianz Commercial does not accept unsolicited resumes from agency or search firm.Fees will not be paid in the event a candidate submitted by a recruiter without an agreement in place is hired. When we do use agencies, we have a PSL in place, so please do not contact managers directly. Failure to comply could/may result in the disqualification of the candidates and/or the termination of our contract and/or fees not being paid.

The hourly pay rate for this role is $27.00/Hr.

106750 | Underwriting | Student | Allianz Commercial | Full‑Time | Temporary