2027 Group Benefit Solutions (GBS) Underwriting Summer Internship Program (Philadelphia, PA)
Location Designation: Hybrid - 3 days per week
Group Benefit Solutions deliverscomprehensive insurance and absence management solutions for mid-sized and large companies. Our work fosters a healthier, happier, and more secure workforce, contributing to New York Life's legacy of beingthere when we're needed most. Here, you'll design, implement, and support these solutions directly impacting employees' lives. At our core, we provide financial security and peace of mind to people through our absence, accident, disability, voluntary benefits, and life insurance solutions. Click here to learn more about Group Benefits solutions.
Role Overview
If you're looking to apply strong analytical and quantitative skills in a collaborative, fast-paced environment, an Underwriting internship in Group Benefit Solutions offers an opportunity to gain hands-on experience while building a strong foundation in insurance underwriting.
During this 10-week summer internship, you will learn how underwriters evaluate risk, assess potential customers, and develop pricing recommendations for group insurance solutions. Through formal training, mentorship, networking opportunities, and real-world underwriting assignments, you will gain exposure to the underwriting profession while contributing to meaningful business outcomes that help deliver financial protection and peace of mind to millions of people.
What You'll Do
- Participate in structured training sessions to build a foundational understanding of Group Benefits underwriting principles, products, and risk evaluation.
- Partner with an experienced underwriter through one-on-one mentorship while engaging with senior leaders and expanding your professional network.
- Analyze real underwriting cases by assessing risk factors and contributing to pricing decisions that support business growth and profitability.
- Collaborate with fellow Group Benefit Solutions interns on a summer-long project that strengthens analytical thinking, problem-solving, and teamwork skills.
- Attend speaker sessions and learning events led by New York Life leaders across Underwriting, Finance, and related business functions to broaden your understanding of the organization.
What You'll Bring
- Rising senior pursuing a bachelor's degree in Risk Management, Economics, Finance, Accounting, Mathematics, Data Analytics, Business Management, or a related field.
- Strong analytical, quantitative, and critical thinking skills with a high level of comfort working with numbers.
- Effective written and verbal communication skills with the ability to present ideas clearly.
- Proficiency with Microsoft Office applications, particularly Microsoft Excel and Word.
- Interest in pursuing a career in underwriting and the insurance industry.
- Customer-focused mindset with strong organizational skills and attention to detail.
Preferred Skills
- Overall GPA of 3.0 or higher.
- Previous coursework or internship experience related to finance, insurance, risk management, or data analysis.
- Experience working collaboratively on team-based projects.
- Demonstrated curiosity, initiative, and commitment to continuous learning.
To be eligible for this program, you must be authorized to work in the U.S. We do not offer any type of employment-based immigration sponsorship for this program. Likewise, this program is not available to those authorized to work under optional practical training (OPT) or curricular practical training (CPT).
Curious what it's like to intern at NYL? Check out #NYLEarlyCareers on LinkedIn!
Pay Transparency
Salary range: 21/ hour
Overtime eligible: Nonexempt
Discretionary bonus eligible: No
Sales bonus eligible: No
Actual base salary will be determined based on several factors but not limited to individual's experience, skills, qualifications, and job location. Additionally, employees are eligible for an annual discretionary bonus. In addition to base salary, employees may also be eligible to participate in an incentive program.
Actual base salary within that range will be determined by several components including but not limited to the individual's experience, skills, qualifications, and job location.In addition to base salary, employees may also be eligible to participate in an incentive program.
Our Diversity Promise
We believe in a diverse workforce because it is our mission to advocate for the financial security and success of people in every community. This is why diversity, equity, and inclusion (DEI) are guiding principles that are embedded in our brand and our culture. Click here to learn more about how we have been recognized for our leadership.
Recognized as one of Fortune's World's Most Admired Companies, New York Life is committed to improving local communities through a culture of employee giving and volunteerism, supported by the Foundation. We're proud that due to our mutuality, we operate in the best interests of our policy owners. To learn more about career opportunities at New York Life, please visit the Careers page of www.NewYorkLife.com.
#BI-Hybrid
Skills Required
- Rising senior pursuing a bachelor's degree in Risk Management, Economics, Finance, Accounting, Mathematics, Data Analytics, Business Management, or related field
- Strong analytical, quantitative, and critical thinking skills
- Effective written and verbal communication skills
- Proficiency with Microsoft Office applications, particularly Microsoft Excel and Word
- Interest in pursuing a career in underwriting and the insurance industry
- Customer-focused mindset with strong organizational skills and attention to detail
- Authorized to work in the U.S.; employer does not offer employment-based immigration sponsorship; OPT/CPT not accepted
- Overall GPA of 3.0 or higher
- Previous coursework or internship experience related to finance, insurance, risk management, or data analysis
- Experience working collaboratively on team-based projects
- Demonstrated curiosity, initiative, and commitment to continuous learning
What the Team is Saying
What We Do
At New York Life, our 180-year legacy of integrity, mutuality, and financial strength fuels a future defined by bold transformation. As the largest mutual life insurance company in the U.S., we operate on behalf of our policy owners—not shareholders. That structure allows us to take a long-term view, investing in people, purpose, and innovation that endures. Guided by a clear enterprise vision to become a technology-, data-, and AI-powered company, we’re modernizing our platforms, rearchitecting experiences, and embedding intelligence across our products and services. Our mission has always been about helping people through life’s most meaningful moments. Today, technology is amplifying that mission—enabling us to serve clients, advisors, and communities in more personalized, proactive ways. With a diversified business portfolio spanning insurance, investments, retirement, group benefits, and direct-to-consumer offerings, New York Life delivers the stability of a Fortune 100 company with the agility of one that’s continuously evolving. We’re powered by a values-led culture, inclusive teams, and a shared belief that when our people thrive, so does our company. Here, tradition fuels momentum—and your ideas, energy, and growth power what’s next.
Why Work With Us
New York Life is transforming from the inside out—blending 180 years of trust with the velocity of innovation. What makes us different is our culture: grounded in integrity, humanity, and shared success—values that show up in how we work, lead, and grow. If you want a place where innovation has purpose—build what's next with us.
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Hybrid Workspace
Employees engage in a combination of remote and on-site work.
