The National Association of Insurance Commissioners (NAIC) has an exciting opportunity for a Property and Casualty Actuarial Intern. We are looking for an Intern who would enjoy working for an organization that strives every day to support the public good and make a difference. This is a remote internship within the United States, based out of the NAIC office in the heart of downtown Kansas City, MO.

Responsibilities include:

• Supports the NAIC rate model review team in the technical analysis of an insurance company’s justification for its proposed classification plan(s) in a rate filing.
• Reviews assigned rate filing materials under the guidance of P/C rate modeling actuaries. 
• Participates in team peer reviews of work products.
• Conducts comparisons of insurance companies’ rate model filings between states and documents differences in filing documentation.
• Assembles summaries highlighting most relevant and impactful issues within models reviewed by the NAIC.
• Edits rough draft documents into professional reports ready to be shared with state regulators.
• Assists in creating and maintaining databases and other useful resources for state regulators.
• Assists the rate model review team and the Education and Training department in the creation of training for state insurance regulatory actuaries conducting rate filing reviews of models.

Skills and Abilities:

• Maintains confidentiality with sensitive information.
• Strong background in mathematical topics such as linear regression and probability.
• Attention to detail, organized, and demonstrates capacity to produce accurate work.
• Excellent grammar and proofreading skills.
• Displays a polite, team player and professional attitude.
• Ability to work independently.

Minimum Requirements:

• Currently enrolled in a bachelor’s degree program in Actuarial Science, Mathematics, Statistics, Finance, or a related topic from an accredited college or university. Recent graduates will also be considered.
• Proficient with MS Word, MS Excel, and MS PowerPoint.
• Passed at least one SOA or CAS Exam.
• Availability to work 15-20 hours/week.
• This internship is expected to last between 4 and 7 months (equivalent to 240 – 560 hours) and will continue through the academic semester.

Preferred skills and experience:

• Experience with R or Python.
• Experience with advanced machine learning techniques.
• General knowledge of insurance regulation in the United States

Compensation: $18.00 per hour

The NAIC is proud to be an Equal Opportunity Employer 

Minimum Requirements:

• Currently enrolled in a bachelor’s degree program in Actuarial Science, Mathematics, Statistics, Finance, or a related topic from an accredited college or university. Recent graduates will also be considered.
• Proficient with MS Word, MS Excel, and MS PowerPoint.
• Passed at least one SOA or CAS Exam.
• Availability to work 15-20 hours/week.
• This internship is expected to last between 4 and 7 months (equivalent to 240 – 560 hours) and will continue through the academic semester.

About National Association of Insurance Commissioners (NAIC)

The National Association of Insurance Commissioners (NAIC) is the U.S. standard-setting and regulatory support organization created and governed by the chief insurance regulators from the 50 states, the District of Columbia and five U.S. territories. Through the NAIC, state insurance regulators establish standards and best practices, conduct peer review, and coordinate their regulatory oversight. NAIC staff supports these efforts and represents the collective views of state regulators domestically and internationally. NAIC members, together with the central resources of the NAIC, form the national system of state-based insurance regulation in the U.S. With a Central Office in the heart of downtown Kansas City the National Association of Insurance Commissioners (NAIC) places a premium on creativity and innovation. The NAIC supports insurance regulators in every state, who work to educate, protect and assist insurance consumers with issues ranging from disasters to day-to-day questions. Our employees get the chance to support and develop the latest technological programs in an energized environment. Insurance may be complicated, but our employee culture is pretty simple. “Wo...rk hard, play hard” exemplifies our commitment to a work-life balance. We keep it casual with allowing jeans to be worn every day. We believe in rewarding staff with bright, shiny objects as well as treats, games and prizes to show our appreciation for their hard work. And you can say goodbye to a five day work week with our flex schedules. At the NAIC, location really is everything - from our centrality in the metro area to the conveniences of our vibrant downtown building, with great restaurants and shopping right outside our doors. We pride ourselves on our long-term investment in our employees and support them in all phases of their life, from continuing education and tuition reimbursement opportunities to our infants in the workplace program. We also make charity a company-wide offering through our Volunteer Resource Team (VRT). The VRT sponsors fundraisers, charitable events and community service opportunities throughout the year and has raised thousands of dollars for local and national charities.

Show more

Show less

Connections working at National Association of Insurance Commissioners (NAIC)