Job Description
Be innovative. Be a leader. Most importantly - be your analytical, actuarial, awesome self.
Allstate is looking for more actuarial leaders, subject matter experts who can drive decisions as Allstate transforms and evolves into the future. An internship at Allstate is the first step. Are you up to the challenge?
An internship is a great way to gain valuable practical experience to jump start your career as an Actuary. Allstate's actuarial internships offer a variety of independent projects, daily coaching and interaction with experienced professionals in a dynamic team environment. Features such as a comprehensive training program and an established mentoring initiative ensure that interns finish the summer prepared and invigorated for their future career. In addition to networking opportunities with a variety of Actuarial and industry professionals, Allstate interns will also enjoy camaraderie with a talented group of peers. The internship experience is so exceptional that in the last three years, over 90% of Allstate actuarial interns who have been offered full employment have accepted the offer to return to Allstate.
As an actuarial intern, you will gain a basic understanding of Allstate's property and casualty business lines. Working closely with experienced analytical professionals, you will be accountable for timely completion of assignments involving auto, homeowners, specialty lines or business insurance, contributing to overall growth and profit goals of major initiatives.
This is a (home based-remote) virtual summer 2025 internship that will run for 12 weeks.
Key Responsibilities:
- Conducts reviews of rates for assigned states and product lines, analyzing profit and loss results, past and current trends, projecting underwriting losses and reviewing competitiveness of rates
- Completes detailed analyses, makes recommendations, and prepares rate package proposals for key business partners
- Prepares internal and external communications, including interactions with regulatory authorities and management that will describe and support rules and rate changes
Job Qualifications:
- Pursuing a Bachelor's degree or Graduate degree in Actuarial Science, Math, Statistics or related field AND be in strong academic standing; must be a full time student the semester following the internship
- Applicant must have completed an internship with Allstate in the last 12 months within the PAAS department.
- Pursuing actuarial designation
- Can analyze data and review analysis while demonstrating strong decision-making skills
- Computer proficiency in Microsoft Office: Intermediate - Excel, Intermediate - Word, Beginner - Outlook, Basic - PowerPoint; standard knowledge in the use of data sources
- Strong written and verbal communication skills
Compensation offered for this role is between $25 and $35 an hour and is based on experience and qualifications.
Skills
Customer Centricity, Digital Literacy, Inclusive Leadership, Learning Agility, Results-Oriented
Joining our team isn't just a job - it's an opportunity. One that takes your skills and pushes them to the next level. One that encourages you to challenge the status quo. And one where you can impact the future for the greater good.
You'll do all this in a flexible environment that embraces connection and belonging. And with the recognition of several inclusivity and diversity awards, we've proven that Allstate empowers everyone to lead, drive change and give back where they work and live.
Good Hands. Greater Together.
Allstate generally does not sponsor individuals for employment-based visas for this position.
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Working at
Allstate
Allstate Corporation is one of the largest personal lines insurers in the United States, offering a range of insurance products including auto, home, renters, and life insurance. The company was founded in 1931 and is headquartered in Illinois, with operations in the United States, Canada, and other countries. Allstate is known for its innovative use of technology to improve the insurance experience for its customers, including the use of telematics to monitor driving behavior and offer discounts to safe drivers. The company also offers a variety of insurance products and services through its subsidiary companies, including Allstate Financial and SquareTrade. In addition to insurance, Allstate provides a range of financial services, including retirement planning, investment products, and banking services. The company is committed to social responsibility and supports a number of community initiatives, including disaster response and recovery efforts, education programs, and workforce development. Overall, Allstate is a respected leader in the insurance industry, known for its innovative products, financial stability, and commitment to social responsibility.