Actuarial Internship Elements Recruiting Benefits of Internship Program... Actuarial Internship ElementsWork Experience Development Curriculum... Actuarial Internship Elements12 Wee
Trang 1Actuarial Internships
Betsy DePaolo, FCAS, MAAA Vice-President & Actuary Travelers Property Casualty
Trang 2 Actuarial Internship Elements
Recruiting
Benefits of Internship Program
Trang 3Actuarial Internship Elements
Work Experience
Development Curriculum
Trang 4Actuarial Internship Elements
12 Week Summer Program
11 participants in 2002
6 Seniors (class of 2003)
4 Juniors
1 Sophomore Coordinated as part of Company-wide Leadership Development Internship Program (95 total interns)
Trang 5Work Experience
Real actuarial projects - not just copying/filing/data input
Study of Homeowners Brush Fire exposure in
Southern California Study of Personal Auto Deductible Credit Factors Construction Market ELPF review
Small Market Construction Defect analysis Personal and Commercial Rate Filings
Trang 6Development Curriculum
Weekly presentations by senior members of actuarial and finance communities:
Introduction to Travelers What is “IT”
Understanding Insurance Products Claim Department
Reinsurance Personal Lines Commercial Lines
Trang 7Senior Management Exposure
Individual meetings set up by intern coordinator
Development Curriculum
Social Events
“Actuaries don’t work in a vacuum” - desire to integrate with other disciplines as early as possible
Trang 8Social Events
Welcome Pizza Luncheon
Welcome Reception (with Sr Mgmt) Intern Picnic
Riverboat Cruise
Volleyball
Whirlyball
Six Flags
City-wide Scavenger Hunt
Trang 9Each participant is assigned a mentor
Mentors are typically actuarial students with 2-3 years experience
Mentors are called upon for all types of questions
Career Advice Exam Preparation Where’s the closest mall?
Trang 10Recruiting for Interns
How do student hear about Travelers?
Career Fairs
Information Sessions
Website
Trang 11Recruiting for Interns
Travelers “Key” Schools
Bryant College Cornell University Howard University Lafayette College Notre Dame Penn State
SUNY Stony Brook SUNY Geneseo Temple University Univ of Connecticut Univ of Massachusetts
Trang 12Recruiting for Interns
Interviews
On Campus during full-time recruitment On-site for local candidates
Phone interviews
Trang 13What does an intern gain from the
Build a Foundation
Introduction to:
Company Corporate Culture Actuarial Profession City of Hartford
Trang 14Build a Foundation
Business Experience Actuarial Experience Exam Support
Workshops:
Presentation Skills Dress for Success Resume Writing Business Etiquette Interviewing Techniques
What does an intern gain from the
Trang 15What does the company gain from the
Investment in the Future
12 Week Interview
Assess Analytical Skills Expand Computer Skills (Excel, Access, etc) Ability to work with others
Communication Skills
Trang 16What does the company gain from the
Investment in the Future
Real Actuarial Work Completed
Management Training for Actuarial Students
Committed Future Employees
Trang 17Final Thoughts
Commitment to Program
Expect Ups and Downs Don’t Expect to Hire Every Intern Make Interns a Part of the Community Remember the Benefits