Taking care of our customers, our communities and each other. That’s the Travelers Promise. By honoring this commitment, we have maintained our reputation as one of the best property casualty insurers in the industry for over 160 years. Join us to discover a culture that is rooted in innovation and thrives on collaboration. Imagine loving what you do and where you do it.
The hourly salary range provided for this position is a nationwide market range and represents a broad range of salaries for this role across the country. The actual hourly rate for this position will be determined by a number of factors, including the scope, complexity and location of the role; the skills, education, training, credentials and experience of the candidate; and other conditions of employment. As part of our comprehensive compensation and benefits program, employees are also eligible for performance-based cash incentive awards.
Salary Range$25.00 - $27.00As 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.
Housing - The Internship program is based in Hartford, CT. Positions are available in our Business Units and Corporate Departments. Subsidized apartments are available for students who live beyond a commutable distance from Hartford, CT. Positions are available early June through the end of the summer.What Will You Do?
- 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.
- Perform other duties as assigned.
- 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 prefer candidates with the following qualifications:
- A cumulative GPA of 3.0 or greater is preferred.
- 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).
- 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
- Demonstrated leadership skills.
- 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.
- You must be pursuing a Bachelor's or Master's Degree.
Travelers is an equal opportunity employer. We value the unique abilities and talents each individual brings to our organization and recognize that we benefit in numerous ways from our differences.
We are committed to providing accommodation to persons with disabilities. If you require accommodation during the recruitment or interview process we will work with you to accommodate your needs.
If you are a candidate and have specific questions regarding the physical requirements of this role, please send us an email so we may assist you.
Travelers reserves the right to fill this position at a level above or below the level included in this posting.
To learn more about our comprehensive benefit programs please visit http://careers.travelers.com/life-at-travelers/benefits/.
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What We Do
Travelers provides insurance coverage to protect the things that are important to you – your home, your car, your valuables and your business. We have been around for more than 165 years and have earned a reputation as one of the best property casualty insurers in the industry because we take care of our customers, agents, brokers, communities and each other.
Every day, our approximately 30,000 employees and 13,500 independent agents and brokers in the United States, Canada, the United Kingdom and Ireland help provide peace of mind to our customers.
Our expertise and focus on innovation have made us an industry leader and the only property casualty company in the Dow Jones Industrial Average. Our history of advancements has propelled our company, and our industry, to deliver higher standards – from writing the first auto and space travel policies to founding the Travelers Institute for public policy and launching a hybrid car discount.
By minimizing risk, preventing loss and helping our customers prepare for the unknown, Travelers’ comprehensive products and services enable individuals and businesses to feel confident and secure about the future.
