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Insurance Analyst Intern Jobs in Bloomington, IL

Casual/seasonal & intern team members are not eligible for benefits except for state-mandated ... Analytical mindset with the ability to solve complex problems and design efficient solutions.

Insurance Analyst Intern information

See Bloomington, IL salary details

$11

$21

$40

How much do insurance analyst intern jobs pay per hour?

As of Aug 26, 2026, the average hourly pay for insurance analyst intern in Bloomington, IL is $21.59, according to ZipRecruiter salary data. Most workers in this role earn between $16.59 and $23.51 per hour, depending on experience, location, and employer.

What does an insurance analyst intern do?

An Insurance Analyst Intern typically assists with evaluating insurance policies, analyzing risk factors, and supporting data collection and reporting tasks. They may work with senior analysts to review claims, assess client needs, and help prepare recommendations for coverage options. Interns often gain hands-on experience with industry software and learn about regulatory requirements. This role provides valuable exposure to the insurance sector and helps interns develop analytical and communication skills essential for a future career in insurance.

What are the key skills and qualifications needed to thrive as an insurance analyst intern?

To thrive as an Insurance Analyst Intern, you need strong analytical abilities, attention to detail, and a basic understanding of finance or insurance principles, typically supported by a degree or coursework in business, finance, or a related field. Familiarity with Microsoft Excel, data analysis tools, and insurance management systems is often required. Effective communication, problem-solving, and time management are essential soft skills for collaborating with teams and handling multiple tasks. These skills and qualities are important to accurately assess risk, support decision-making, and contribute to efficient operations within the insurance industry.

What types of projects and tasks can I expect to work on as an insurance analyst intern?

As an Insurance Analyst Intern, you can expect to assist with data analysis, risk assessment, and reporting activities to support underwriting or claims teams. Typical tasks may include gathering and analyzing policyholder data, preparing spreadsheets and presentations, conducting market research, and helping identify trends or anomalies in claims data. You’ll often collaborate closely with senior analysts and other departments, which offers valuable exposure to various aspects of the insurance business. This role provides hands-on experience with industry tools and processes, making it an excellent starting point for a career in insurance or data analytics.

What is the difference between Insurance Analyst Intern vs Insurance Underwriting Intern?

AspectInsurance Analyst InternInsurance Underwriting Intern
Required CredentialsTypically pursuing or holding a degree in finance, economics, or related fieldsSimilar educational background, often with coursework in risk assessment or underwriting
Work EnvironmentOffice setting, analyzing data, assisting with claims and policy reviewsOffice setting, supporting underwriting teams, reviewing applications
Employer & Industry UsageInsurance companies, brokerage firms, consulting agenciesInsurance companies, underwriting agencies, brokers
Common Search & Comparison IntentUnderstanding roles in insurance analysis and data evaluationDifferences in underwriting and risk assessment roles

Both roles are entry-level internships in the insurance industry, focusing on different aspects. Insurance Analyst Interns primarily analyze data and assist with claims, while Insurance Underwriting Interns support the risk assessment process. They share similar educational backgrounds and work environments, but their core responsibilities differ in focus and function.

What cities near Bloomington, IL are hiring for Insurance Analyst Intern jobs?

Cities near Bloomington, IL with the most Insurance Analyst Intern job openings:

Summer 2027 Intern - P&C Actuarial - Actuarial Analyst

Bloomington, IL • On-site


State Farm
Insurance Services • 10K+ employees

7.3

Company rating: 7.3 out of 10

Based on 1,559 frontline employees who took The Breakroom Quiz

232nd of 312 rated insurance

Good employer

Recommended by students

Recommended by parents


$30/hr

Temporary, Internship

Life, Retirement

This job post has expired today. Applications are no longer accepted.


Job description

Overview
As a Fortune 50 company, we hire the best employees to serve our customers, making us a leader in the insurance and financial services industry. State Farm embraces diversity and inclusion to ensure a workforce that is engaged, builds on the strengths and talents of all associates, and creates a Good Neighbor culture.
10-week Internship Dates and Hours:
  • Summer 2027- Wednesday, 6/2/2027 - Wednesday, 8/11/2027
  • Monday - Friday: 38.75 hours per week

Pay:
  • $30/hour (+ an additional dollar per hour for each Actuarial exam passed). In addition, interns selected for our summer internship program will be eligible for a $2,000 stipend!

Job Description
Office Location: Bloomington, IL
Hybrid Work Arrangement: In this position, you should plan to spend time working in the office a minimum of 3 days per week. Associates are expected to be able to travel to and from your assigned office location as part of a hybrid work arrangement. Work arrangements could change over time based on business need. Your leadership will share additional information regarding your department's approach and what it means for you.
*****Applicants are required to be eligible to lawfully work in the U.S. immediately; employer will not sponsor applicants for U.S. work authorization (e.g. H-1B visa) for this opportunity*****
Grow Your Skills, Grow Your Potential
Responsibilities
A Day In The Life Of An Intern - P&C Actuarial
State Farm's P&C Actuarial Department is a place where interns complete innovative and meaningful project work in a collaborative environment, focused on developing technical and business skills - a perfect complement to the classroom. Interns provide analysis and solutions through:
  • Assessment of risk and financial needs for insurance products
  • Development of innovative methods and applications to enhance insurance product pricing
  • Data mining and predictive modeling such as regression, forecasting, and machine learning
  • Research on emerging industry trends and hot topics
  • Development through extensive training and mentoring programs
  • Competitive compensation

Qualifications
We Are Looking for College Students With:
  • Majors in Actuarial Science, Math, Statistics, Data Science, Computer Science, Information Management, or other analytical fields
  • GPA of 3.5 or higher preferred; GPA of 3.25 minimum (unofficial transcripts required with application)
  • Experience with data and statistical analysis in Excel, SQL, R, and/or Python
  • Strong communication, interpersonal, organization, problem-solving, and critical thinking skills
  • Successful completion of at least one Society of Actuaries or Casualty Actuarial Society actuarial exam with intention to earn the ACAS/FCAS designation

Additional Details:
This opportunity is for current college students who have the following:
  • At least one semester of college remaining after the summer of 2027
  • The desire to work for State Farm upon graduation
  • Are eligible to lawfully work in the U.S. immediately; employer will not sponsor applicants for U.S. work authorization (e.g. H-1B visa) for this opportunity

IMPORTANT: The following must be attached at the time of application (please attach both of the following as one combined single document and upload during the application process):
  • Resume
  • Transcripts (unofficial copy accepted)

What's In It For You
  • Real-world actuarial experience with meaningful impact
  • Competitive pay and financial incentives for actuarial exam completion
  • Opportunities to work with cutting edge technologies and business models
  • A learning culture that includes mentoring and training
  • A company that embraces Diversity and Inclusion: We are one team and it is simply the right thing to do!

Get your resume and unofficial transcript ready and apply today!
Our Benefits
We are excited to offer our interns a tailored set of benefits with a range of valuable perks to help support you during your time with us!
Time Off
  • 40 hours of Life Leave
  • Military Leave

Financial Benefits
  • 401(K) Savings Plan (Eligible at age 18)
  • Mutual Funds (Eligible at age 18)
  • Commuter Benefits

Miscellaneous Benefits
  • Wellness programs
  • US Discount program
  • Good Neighbor Grant program
  • Matching Gift program
  • Employee Assistance Fund
  • Company Holidays


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