Intern - Regulatory Data Analyst

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Worcester, MA, USA
Hybrid
Internship
Insurance
The Role
Supports regulatory data analysis by compiling and validating IT system requirements, testing pricing systems, analyzing company and industry experience, preparing reports, conducting competitive analysis, monitoring rating bureau compliance, and maintaining pricing and data management documentation. Collaborates across systems, operations, product, compliance, and actuarial teams, communicates analysis results, prepares recommendations under supervision, and presents internship project outcomes to leadership.
Summary Generated by Built In

For more than 170 years, The Hanover has been committed to delivering on our promises and being there when it matters the most. We live our values every day, demonstrating we CARE through our values, Sustainability initiatives and inclusive corporate culture.

SUMMER INTERNSHIP OVERVIEW: 

The Hanover’s Internship Program provides college students with the opportunity to work on a variety of critical business assignments, test your skills, use your academic knowledge, and match your interests to a real job.
Through the 10-week summer program​ (June – mid August), You will: 

  • Take on meaningful projects and work alongside some of the very best talent in the industry
  • Be supported and mentored by a community of exceptional talent (leaders, managers, subject matter experts and recent graduates) 
  • Participate in a cross-functional team building project focused on corporate philanthropy
  • Attend weekly development workshops with your intern peers
  • Join in engagement and social activities with other interns

We recruit highly skilled students for potential future full-time employment opportunities, upon graduation. 

Our Actuarial & Analytics team is seeking exceptional college students for our Summer Internship Program, which provides meaningful opportunities for personal and professional growth, as well as rewarding career path options.

 

IN THIS ROLE, YOU WILL: 

  • Compile and validate requirements for IT systems to effectively and efficiently implement filings.
  • Test pricing systems to validate adherence to filings.  
  • Analyze company and industry experience as required.  
  • Design and prepare special reports and other data compilations as requested.
  • Understands and draws inferences from data being collected.  
  • Communicate with customers to discuss analysis results.  
  • Analyze, compile, and perform competitive analysis.  
  • Prepare preliminary recommendations under supervision.  
  • Monitor compliance with ISO, NCCI, State Rating Bureaus, and other Rating Service organizations and recommend actions.  
  • Maintain pricing or data management systems.  
  • Participate in cross functional projects that interact with systems, operations, product, compliance and the actuarial department.  
  • Prepare and maintain documentation for existing processes.  
  • Adhere to peer review guidelines.  
  • Perform other projects and assignments as directed.  
  • Create and present a final presentation for management and leadership members at the close of the internship program highlighting the work you accomplished throughout the summer 
     

WHAT YOU NEED TO APPLY: 

  • Cumulative GPA of 3.0 or higher preferred 
  • Ability to commit to a full time 10-week internship program 
  • Ability to work in the U.S. without requiring sponsorship now or in the future 
  • Currently enrolled in a bachelor's degree or advanced degree program.
  • Understand fundamental analytical concepts, practices and procedures.
  • Strong analytical, strategic thinking and decision-making skills  
  • A high degree of self-motivation and demonstrates high attention to detail.
  • Intellectual curiosity and creativity.

#LI-HYBRID

EEO statement:

The Hanover values diversity in the workplace and among our customers.  The company provides equal opportunity for employment and promotion to all qualified employees and applicants on the basis of experience, training, education, and ability to do the available work without regard to race, religion, color, age, sex/gender, sexual orientation, national origin, gender identity, disability, marital status, veteran status, genetic information, ancestry or any other status protected by law.  
Furthermore, The Hanover Insurance Group is committed to providing an equal opportunity workplace that is free of discrimination and harassment based on national origin, race, color, religion, gender, ancestry, age, sexual orientation, gender identity, disability, marital status, veteran status, genetic information or any other status protected by law.” 
As an equal opportunity employer, Hanover does not discriminate against qualified individuals with disabilities.  Individuals with disabilities who wish to request a reasonable accommodation to participate in the job application or interview process, or to perform essential job functions, should contact us at:
[email protected]and include the link of the job posting in which you are interested.

 

Privacy Policy:

To view our privacy policy and online privacy statement, click here.  

Applicants who are California residents: To see the types of information we may collect from applicants and employees and how we use it, please click here.

Compensation:

The target hiring range for this role may vary based on geographic location and other factors, including merit or performance, demonstrated proficiency, skills for the role, education, travel requirements, and experience. Additional compensation may include an annual bonus (which could take the form of a general bonus, sales incentive, or short-term incentive), long-term incentive or spot recognition awards. The posted range reflects our ability to hire at different position titles and levels depending on background and experience.

Skills Required

  • Currently enrolled in a bachelor's degree or advanced degree program
  • Ability to commit to a full-time 10-week internship program
  • Ability to work in the U.S. without requiring sponsorship now or in the future
  • Fundamental analytical concepts, practices, and procedures
  • Strong analytical, strategic thinking, and decision-making skills
  • High degree of self-motivation and attention to detail
  • Intellectual curiosity and creativity
  • Cumulative GPA of 3.0 or higher

The Hanover Insurance Group Compensation & Benefits Highlights

The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about The Hanover Insurance Group and has not been reviewed or approved by The Hanover Insurance Group.

  • Healthcare Strength — Healthcare coverage is positioned as robust, spanning medical, dental, vision, life and disability options, alongside wellness supports like coaching and assistance programs. Access to added services such as health advocacy, flu shots, and location-specific on-site clinics appears to strengthen the overall package.
  • Retirement Support — Retirement benefits are described as strong, highlighted by a 401(k) match up to 6% and additional financial programs like profit sharing/pension options in some descriptions. An employee stock purchase discount and free financial planning are also presented as meaningful financial-security add-ons.
  • Leave & Time Off Breadth — Time-off benefits appear generous, with four weeks of PTO at hire, multiple holidays, and the ability to purchase additional PTO. Hybrid/flexible work arrangements are frequently presented as enhancing the overall value of total rewards.

The Hanover Insurance Group Insights

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The Company
HQ: Worcester, MA
4,454 Employees
Year Founded: 1852

What We Do

The Hanover is a leading provider of property and casualty insurance in the United States. We’ve been named to Forbes’ list of “Best Mid-Size Employers” since 2015, and have more than 4,200 employees in 35 branch offices, covering more than two million individual and business policyholders. As an employer of choice, The Hanover provides a unique experience, combining a long, proud history of delivering its promises, and a forward-thinking, innovative culture mentality. At The Hanover, you will gain new experiences, expand your skill set, and build your career working for an industry leader and one of the fastest growing companies in the insurance industry. Our compensation and benefits programs are based on the strong belief that our people are our company's most valuable asset. We offer comprehensive benefits to help our team members stay healthy, build financial security, balance work and personal responsibilities, and achieve their professional goals.

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