Chubb Benefits, a Chubb company, is seeking an Actuarial Intern to join our fast-paced, high energy, growing company for a Summer 2027 internship. Chubb Benefits 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 Chubb Benefits 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 Chubb Benefits:
- 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 potential 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.
- Process improvement that would impact the department.
- Use Microsoft Excel to relay results to management, auditors, and regulators. Perform ad-hoc analysis as needed.
- MS Office skills including Microsoft Word, Excel, PowerBI, and Outlook
- Completion of 1+ actuarial exam
- Exposure to SQL, R, Python, Axis a plus
- Oral and written communication skills
- Strong record of academic achievement (3.5 cumulative GPA to qualify)
- Actively enrolled in an undergraduate or graduate program (December 2027 or May 2028 graduate)
- Prior Actuarial Internship, preferred
- Local to Chicagoland area; In-office expectation of 4 days in office and 1 day remote.
Preferred Majors:
Actuarial Science, Mathematics, Economics, or Statistics
Located in/near: Chicago, IL (in office four days/week)
Schedule: 10 Weeks (May 24 – Aug. 6); Full-time, M-F 8:30am – 5:00pm CT (in office four days/week)
The pay range for this internship is $24 to $26 per hour. The specific offer will depend on an applicant’s skills and other factors. The disclosed pay range estimate may be adjusted for the applicable geographic differential for the location in which the position is filled.
About UsSkills Required
- Microsoft Office skills, including Word, Excel, Power BI, and Outlook
- Completion of at least one actuarial exam
- Oral and written communication skills
- Minimum 3.5 cumulative GPA
- Actively enrolled in an undergraduate or graduate program, graduating December 2027 or May 2028
- Local to the Chicagoland area and able to work in the office four days per week
- Exposure to SQL, R, Python, or AXIS
- Prior actuarial internship experience
- Major in actuarial science, mathematics, economics, or statistics
Chubb Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Chubb and has not been reviewed or approved by Chubb.
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Healthcare Strength — Healthcare coverage includes multiple medical plan options with preventive care, plus dental and vision, alongside HSAs/FSAs, telemedicine, and wellness resources. The breadth of offerings is presented as comprehensive for a large insurance employer.
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Retirement Support — A 401(k) plan with company contributions anchors the financial benefits, complemented by life and disability insurance. These programs reinforce long-term savings and protection.
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Strong & Reliable Incentives — Performance-based and year-end bonuses are part of the total rewards, with structured reviews supporting incentive opportunities. These components provide compensation beyond base salary.
Chubb Insights
What We Do
Chubb is the world’s largest publicly traded property and casualty insurance company. With operations in 54 countries and territories, 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. As an underwriting company, we assess, assume and manage risk with insight and discipline. We service and pay our claims fairly and promptly. The company is also defined by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength and local operations globally. Parent company Chubb Limited is listed on the New York Stock Exchange (NYSE: CB) and is a component of the S&P 500 index. Chubb maintains executive offices in Zurich, New York, London, Paris and other locations, and employs 31,000 people worldwide. Additional information can be found at: chubb.com.
