Experience:
No experience
Employment Type:
Intern/Co-op
Posted:
9/22/2019
Job Category:
Business Development
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Product Management Development Program (PMDP) Intern
Travelers | Hartford, Connecticut
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Job Description

Primary Job Duties & Responsibilities

PMDP internships are designed to be challenging and developmental. Interns are given the opportunity to work on a wide variety of projects during the course of the summer. Some examples of these projects include:

* A group capstone project, which is a summer-long project that culminates with a final presentation to senior management and other members of our Personal Insurance and Select Small Commercial businesses
* Quantifying the impact of pricing and underwriting decisions
* Analyzing the marketplace first-hand through competitor and industry data
* Participating in the negotiation of pricing decisions with various distribution channels, including conversations with sales/agencies in the field
* Researching and analyzing industry trends, competitor activity and regulatory changes
* Developing and implementing underwriting guidelines and product coverage enhancements
* Collaborating with Finance, Actuarial, Field Sales, Research and Development, Risk Management, Claim, and other areas of the Product Management Organization
* Participating in introductions of new products and enhancements to multi-site territories

Job Summary

As a Product Management Development Program intern, you will play an integral role in the Product Management organization of Travelers' Personal Insurance or Select Small Commercial. Our Product Management area is the fastest growing section of Travelers and provides interns with the opportunity to participate in a wide variety of fast-paced projects and training.

Education, Work Experience & Knowledge

Travelers is a business leader in providing products and services to a variety of clients. Consistently meeting customer needs gives us the edge in the insurance and financial industry. To maintain that edge, we seek persons with the following qualifications:

* A cumulative GPA of 3.0 or greater is preferred
* Demonstrated leadership skills
* Involvement in extracurricular activities is preferred
* Experience with Microsoft Excel, PowerPoint, Office and Access is a plus
* Work availability from early June through August (10-12 weeks)
* Ideal candidates will have the ability to deal with concepts and complexity comfortably, and exhibit the ability to drill down on information and draw conclusions
* Legally eligible to work in the United States on a permanent full-time basis
* Suggested majors:
* Finance
* Economics
* Actuarial Science
* Mathematics/Statistics
* Risk Management and Insurance
* Engineering
* Other Business-Related Majors

About Travelers

In an uncertain world, Travelers is an insurance leader, committed to keeping pace with the ever-changing needs of our customers, and anticipating their needs for the future. There is no stronger testament to our dedication to protecting customers from loss than our continued innovation and ability to transform our industry. In fact, from the first ever auto and space travel policies and hybrid car discount, to the 2009 founding of The Travelers Institute for public policy, our history of advancements has propelled our company-and our industry-towards ever higher standards for customers. Travelers is a company that works hard at the science of what we do: we analyze information, process perspectives and measure results to create the best combination of products and services. We work equally hard at customer service and how we interact with the people whom we do business. Over the years, we've strived to earn our customers' loyalty by continually improving our abilities to listen and respond to their needs. Today, more than 150 years after our founding, Travelers is one of the nation's largest property casualty companies with more than 30,000 employees, 13,000 independent agents and 22 product lines across the personal, business, financial and international insurance segments. Travelers has become a symbol of financial strength and is a component of the Dow Jones Industrial Average and ranks 106 on the Fortune 500. Minimizing risk, preventing loss and helping our customers prepare for the unknown, Travelers' comprehensive products, services and support give individuals and businesses the confidence they need to feel secure. For more information, please visit: http://www.travelers.com/