Summer 2027 Intern - Actuarial Science

American Family Insurance; Madison (WI); Hybrid; USD 34,000 - 54,000; Full time

Benefits offered by this job

Hiring bonus for housing

Job summary

American Family Insurance offers a summer actuarial internship that spans 10–14 weeks from mid to late May through August. Interns work on projects similar to full-time staff, gain mentorship, and attend trainings across the business.

A one-time housing cost bonus may be offered, with roles in Auto Pricing, Loss Reserving & Forecasting (P&C), and Life & Health Actuarial. Interns will analyze actuarial data for pricing and reserving, develop models, study industry trends, and prepare reports

Qualifications

• Must be in student status at an accredited 4-year college or university during the internship.
• Must be pursuing a Bachelor's, Masters, or PhD.
• Major/program must align with internship role.
• Proficiency in Microsoft Excel and other data analysis tools.

Responsibilities

• Assist in the preparation and analysis of actuarial data for pricing, reserving, and financial reporting.
• Help develop and maintain actuarial models and tools.
• Conduct analysis on industry trends and regulatory changes.
• Develop an understanding of our business, corporate culture and structure to support your work.
• Contribute creative ideas and strategic approaches in response to changing situations.
• Collaborate with team members to gather and interpret data for multiple projects.
• Prepare reports and presentations to communicate findings.
• Participate in team meetings and contribute to discussions on actuarial methodologies and best practices.

Skills

Analytical mindset

Team collaboration

Communication

Education

Pursuing Bachelors/Masters/PhD

Tools

Excel

Data analysis tools

Job description

An actuarial science internship with American Family Insurance Company provides the opportunity to not only learn about the profession and insurance industry but also build your personal skillset and explore your career interests. Our summer student internship is a 10 - 14 week program that starts in mid to late May and ends in August. During your internship, you’ll work on similar projects to our full-time employees that make a difference at our company, with our customers, and in our communities.

Interns may be eligible for a one-time hiring bonus to assist with housing costs depending upon proximity to an American Family office.

Compensation Minimum: $25.00

Compensation Maximum: $39.00

Our actuarial interns also gain exposure to different areas of our business. Our interns will be placed with a particular team, but will also be assigned a mentor

from another team and will have the opportunity to attend trainings from all areas of the business.

We have internship roles available in the following areas:

• Auto Pricing
• Loss Reserving & Forecasting (P&C)
• Life & Health Actuarial (Modeling, Pricing, Reserving)

Responsibilities

• Assist in the preparation and analysis of actuarial data for pricing, reserving, and financial reporting.
• Help develop and maintain actuarial models and tools.
• Conduct analysis on industry trends and regulatory changes.
• Develop an understanding of our business, corporate culture and structure to support your work.
• Contribute creative ideas and strategic approaches in response to changing situations.
• Collaborate with team members to gather and interpret data for multiple projects.
• Prepare reports and presentations to communicate findings.
• Participate in team meetings and contribute to discussions on actuarial methodologies and best practices.

Requirements

• Must be in student status at an accredited 4-year college or university during the internship.
• Must be pursuing a Bachelors, Masters, or PhD.
• Major/program must align with internship role.
• Proficiency in Microsoft Excel and other data analysis tools.

Due to the nature of this role, we are unable to consider candidates who require visa sponsorship.

This role will work a Hybrid schedule based in either Madison, WI or Boston, MA.