Actuarial Internships Betsy DePaolo, FCAS, MAAABetsy DePaolo, FCAS, MAAA Vice-President & ActuaryVice-President & Actuary Travelers Property CasualtyTravelers Property Casualt

Actuarial Internships Betsy DePaolo, FCAS, MAAA Vice-President & Actuary Travelers Property Casualty  Actuarial Internship Elements  Recruiting  Benefits of Internship Program Work Experience Development Curriculum Networking Mentoring Actuarial Internship Elements 12 Week Summer Program 11 participants in 2002 Seniors (class of 2003) Juniors Sophomore Coordinated as part of Company-wide Leadership Development Internship Program (95 total interns) Actuarial Internship Elements 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 Work Experience 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 Development Curriculum Senior 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 Networking Welcome Pizza Luncheon Welcome Reception (with Sr Mgmt) Intern Picnic Riverboat Cruise Volleyball Whirlyball Six Flags City-wide Scavenger Hunt Social Events Each 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? Mentoring How student hear about Travelers? Career Fairs Information Sessions Website Recruiting 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 Recruiting for Interns Interviews On Campus during full-time recruitment On-site for local candidates Phone interviews Recruiting for Interns Build a Foundation Introduction to: Company Corporate Culture Actuarial Profession City of Hartford What does an intern gain from the experience? Build 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 experience? Investment in the Future 12 Week Interview Assess Analytical Skills Expand Computer Skills (Excel, Access, etc) Ability to work with others Communication Skills What does the company gain from the experience? Investment in the Future Real Actuarial Work Completed Management Training for Actuarial Students Committed Future Employees What does the company gain from the experience? Commitment to Program Expect Ups and Downs Don’t Expect to Hire Every Intern Make Interns a Part of the Community Remember the Benefits Final Thoughts