Underwriting Intern

Who Are We?

Taking care of our customers, our communities and each other is the Travelers Promise. Travelers has kept its reputation as one of the best property casualty insurers in the industry for over 170 years. Join a culture rooted in innovation that thrives on collaboration.

Job Category

Underwriting

Compensation Overview

The hourly salary range shown for this position is a nationwide market range covering salaries for this role across the country. The actual hourly rate will depend on factors including the scope, complexity and location of the role, the candidate's skills, education, training, credentials and experience, and other conditions of employment. Employees are also eligible for performance-based cash incentive awards as part of the compensation and benefits program.

Salary Range: $25.00 - $26.00 per hour

Target Openings

2

What Is the Opportunity?

Applications will be reviewed on a rolling basis, so applying early is encouraged.

Applicants must be authorized to work for any employer in the U.S. now and in the future. The company does not sponsor or support H-1B petitions, TN, or Forms I-983/STEM OPT for this role. Housing assistance is not provided.

Are you curious by nature? Do you enjoy managing relationships and using critical thinking? Underwriters evaluate whether risks are acceptable and set appropriate pricing for insurance products. The Business Insurance (BI) Underwriting Professional Development Internship Program gives students exposure to this function at Travelers. The 10-week program runs from early June to mid-August and offers hands-on commercial insurance underwriting experience, on-the-job training, and insight into the property and casualty industry from industry professionals. Interns should be serious about entering the insurance industry and interested in making underwriting their future career. This role is a potential pathway to the full-time Underwriting Professional Development Program (UPDP).

What Will You Do?

Each intern will be assigned a designated coach within their business unit and is expected to:

• Complete core assignments and training modules on insurance and underwriting principles.
• Complete self-paced professional development courses in time management, presentation skills and other key areas.
• Complete project work at the discretion of your manager. You may work independently or with other interns and will present your findings to local leadership. Sample projects include a territorial risk assessment to determine profitability and underwriting opportunities, and a business process analysis to identify underwriting gaps.
• Learn to use modern analytical and artificial intelligence (AI) tools and platforms, and apply critical thinking to assess the limitations of AI-assisted outputs for quality and accuracy.
• Learn about other areas at Travelers, such as Risk Control, Claims and related corporate functions. Interns may also join agency visits with Account Executives.
• Take part in the Enterprise Internship experience, including the Executive Speaker Series, networking events and the 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 (business focus preferred), Management, Marketing, or 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 and values the unique abilities and talents each individual brings. The company is committed to providing accommodation to persons with disabilities during the recruitment or interview process. Travelers reserves the right to fill this position at a level above or below the level included in this posting.