Core Specialty - Chicago, IL

posted 3 months ago

Full-time - Intern
Chicago, IL

About the position

At Core Specialty Insurance, we cultivate an environment where our interns grow as they are exposed to meaningful, real-life work. As an intern, you will be much more than just a summer intern; you will be a valued member of our team! Our 12-week summer program offers a unique opportunity to gain experience in a quickly growing start-up environment, where every day presents new and exciting opportunities. You will receive very competitive intern pay and have the chance to interact with senior-level management and company executives. Our beautiful work environment is complemented by a relaxed company culture and a hybrid work model. Our values are at the core of everything we do. We embrace a “bring it on” attitude, act quickly to make things happen, and empower rapid decision-making. We solve problems with expertise and possess an unmatched depth of knowledge and experience. Integrity, self-discipline, and respect for others are fundamental to our operations. As a valued intern on our Actuarial team, you will be entrusted with real, meaningful work while receiving support and guidance from our actuaries as you continue on your exam path. You will perform actuarial analyses under supervision for assigned product groups, strive to increase your knowledge of the company, product lines, and the actuarial profession, and actively participate in training sessions. This internship provides exposure to a variety of lines of business and business partners outside of the actuarial department. You will assist the actuarial pricing team by preparing industry trend frequency and severity information for each line of business in preparation for the actuarial planning process. Additionally, you will aggregate data from competitor filings in medical malpractice and physicians' insurance to evaluate and compare our pricing adequacy in this category. Completing the comparative analysis of the physicians/surgeons' relativities will help ensure our rater is adequately priced, and adjustments can be proposed where inadequacies are found. Other ad-hoc pricing team support will also arise throughout the summer.

Responsibilities

  • Perform actuarial analyses under supervision for assigned product groups.
  • Increase knowledge of the company, product lines, and actuarial profession.
  • Participate actively in training sessions.
  • Prepare industry trend frequency and severity information for each line of business in preparation for the actuarial planning process.
  • Aggregate data from competitor filings in medical malpractice/physicians and surgeons' insurance to evaluate and compare pricing adequacy.
  • Complete comparative analysis of physicians/surgeons' relativities to ensure adequate pricing and propose adjustments if necessary.
  • Provide ad-hoc support to the pricing team as needed.

Requirements

  • Must be actively pursuing a Bachelor's or Master's degree in Actuarial Science, Mathematics, Statistics, or a related field.
  • Passed at least one Actuarial Exam.
  • Basic Excel experience.
  • Must be able to work in the U.S. without current or future sponsorship.
  • Applicants must be authorized to work for any employer in the U.S.

Benefits

  • Competitive salary
  • Medical insurance
  • Dental insurance
  • Vision insurance
  • Life insurance
  • Short and long-term disability insurance
  • 401(k) plan with 100% company match on 6% contribution
  • Employee Assistance Plan
  • Health Savings Account
  • Flexible Spending Account
  • Health Reimbursement Account
  • Wellness program
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