Job Description

Combined Insurance, a Chubb company, is seeking an Actuarial Intern to join our fast-paced, high energy, growing company for a Summer 2024 internship. Combined Insurance is a leading provider of individual supplemental accident, disability, health and life insurance products. We pride ourselves on being customer-centric, people-driven, accountable, performance-minded and ethical. Spend your summer working as a Combined Insurance Intern where you will have the opportunity to gain career-building experience.

Who are we looking for?

Successful interns at Combined Insurance come from many backgrounds and experiences and bring that rich diversity with them to our company. They also have some things in common, and these attributes will lead to your success at Combined:

• Results orientation: a demonstrated ability to meet commitments; including under pressure
• Intellectual agility: capable and willing to master and apply new knowledge
• Personal capacity: accepting and welcoming of additional responsibility over time
• Communication skills: an ability to communicate successfully in various settings
• Interpersonal/team skills: able to work effectively with colleagues at all levels
• Self-leadership: an ability to take full ownership of work and show initiative as needed
• Client focused: understanding of the needs of customers and clients
• Work ethic: a commitment to hard work and a high ethical conduct

Examples of past Intern tasks/projects:

• Perform fundamental actuarial tasks in support of life insurance product pricing, assumption setting, experience analysis, reserving, modelling, state filings and system implementation
• Assist with calculating reserve liabilities. Gain experience with modelling and verifying actuarial software output.
• Use Microsoft Excel and Access to relay results to management, auditors, and regulators. Perform ad-hoc analysis as needed.

Qualifications

Requirements

• MS Office skills including Microsoft Word, Excel, Access, and Outlook
• Exposure to SQL Server and actuarial software, a plus
• Oral and written communication skills
• Strong record of academic achievement (minimum 3.5 cumulative GPA to qualify)
• Actively enrolled in an undergraduate or graduate program (December 2024 or May 2025 graduate, preferred)
• Completion of 1+ actuarial exam
• Prior Actuarial Internship, preferred
• Local to Chicagoland area and work in office 3 days/week

Preferred Majors:

Actuary - preferred majors: Actuarial Science, Mathematics, Economics, or Statistics

Schedule: 10 Weeks; Full-time, M-F 8:30am - 5pm CT

About Us

OUR BENEFITS

As a Chubb corporate employee, you have access to one of the most comprehensive benefit plans in the business, designed to meet your needs and help you reach your financial goals. More details can be found here. Chubb is committed to supporting its employees with a comprehensive compensation package that is appropriate in the market where they work. Below are several of the many benefits we offer our employees:

• Health insurance
• Dental insurance
• Tuition reimbursement
• A company-match 401(k) plan
• Disability insurance
• Life insurance
• Employee referral bonuses

ABOUT COMBINED INSURANCE

Combined Insurance Company of America is a Chubb company and a leading provider of supplemental accident, health, disability, and life insurance products in North America. Headquartered in Chicago, with satellite office in Columbia, SC, Combined is celebrating over 100 years in business. We are committed to making the world of supplemental insurance easy to access and understand. The company has an A+ rating by the Better Business Bureau and an A + (Superior) financial strength rating by A.M. Best. We are ranked by VIQTORY as the number one Military Friendly® Employer in 2023 (over $1 billion revenue category), marking Combined's twelfth consecutive year on the Top 10 list. We pride ourselves on approaching all situations with a Positive Mental Attitude (PMA) and encouraging collaboration.

ABOUT CHUBB

Chubb is the world's largest publicly traded property and casualty insurer. With operations in 54 countries, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance, and life insurance to a diverse group of clients. The company is distinguished by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength, underwriting excellence, superior claims handling expertise and local operations globally.

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