We are seeking a motivated and analytical senior in college to join our team for a summer internship in the life insurance industry. This role will provide hands-on experience in analyzing industry data, exploring AI applications in claims processes, and understanding the dynamics of life insurance operations. The intern will work closely with experienced professionals, gaining valuable insights into the claims function and the broader insurance landscape.
Interns@SwissRe is our comprehensive internship program designed to provide students with a valuable combination of on-the-job training and off-the-job learning opportunities, all while benefiting from our company's global perspective. By joining our program, you'll have the chance to immerse yourself in the dynamic and fast-moving world of a leading risk knowledge organization.
Our internship program is carefully crafted to offer impactful project work, engaging social and philanthropic activities that foster team building, industry-relevant training, and networking opportunities. We believe that a Swiss Re internship can be much more than just a temporary job; it can be your first step towards a rewarding and successful career.
If you're a highly motivated student pursuing a bachelor's or master's degree, we invite you to apply to our 2025 interns@SwissRe program! The program spans 12 weeks over the summer and is available at multiple office locations across the United States.
About the Role:
Key responsibilites include:
Data Analysis & Benchmarking:
Analyze public industry data to create benchmarks related to Key Performance Indicators (KPIs) for claims functions
Identify trends, patterns, and insights that can inform strategic decision-making
AI in Claims Processes:
Assess the potential use of AI in the life insurance claims process
Research and develop case studies on current AI applications in both life and Property & Casualty (P&C) insurance globally
Provide recommendations on where AI could enhance efficiency & accuracy in claims handling.
Stakeholder Analysis:
Map out the universe of stakeholders involved in the claims submission process for various types of life and health insurance business
Analyze stakeholder pain points/motivations to identify opportunities for process improvements
Operational Insights:
Examine the operations of life insurance carriers from a claims perspective, including trends, common practices, technology platforms, and HR structures
Identify common challenges and opportunities for improvement within these operations
Determine which types of business are most costly to run from a claims perspective and provide insights on cost management strategies
What You'll Gain:
In-depth knowledge of the life insurance industry and claims functions
Exposure to cutting-edge technologies like AI in insurance
Experience in stakeholder analysis and understanding operational dynamics
Networking opportunities with industry professionals
Practical experience that will enhance your resume and career prospects
About You:
Bachelors or masters degree preferred in Actuarial Science, Data Science, Business Analytics, Economics, Finance, Risk Management & Insurance, or Operations Management
Strong analytical and research skills
Proficiency in data analysis tools such as Excel, Python, R, or similar
Ability to interpret and synthesize complex data into actionable insights
Knowledge of AI applications and their potential in business processes
Excellent written and verbal communication skills
Strong organizational skills and attention to detail
Ability to work independently and collaboratively in a team environment
For Armonk, the base salary will be $20-$30 per hour, depending on location, qualifications, projected graduation year and/or highest degree held.
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