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Insurance Product Development Internship Jobs in Illinois

The Product Development Technologist supports the development, optimization, and commercialization ... Company-paid life insurance and short-term disability * Employer HSA funding (for HDHP participants)

The Product Development Technologist supports the development, optimization, and commercialization ... Company-paid life insurance and short-term disability * Employer HSA funding (for HDHP participants)

Showing results 21-40

Insurance Product Development Internship information

What types of projects and responsibilities can I expect during an insurance product development internship?

As an Insurance Product Development Intern, you can expect to work on a variety of projects, such as conducting market research, assisting in the design of new insurance products, and analyzing competitor offerings. Interns often collaborate with teams from underwriting, actuarial, and marketing departments to help develop product specifications and support go-to-market strategies. This role typically involves both independent research and teamwork, providing valuable exposure to different functions within the insurance industry. You may also participate in meetings, help prepare presentations, and gain hands-on experience with data analysis tools commonly used in product development.

What is an insurance product development internship?

An Insurance Product Development Internship is a temporary position designed for students or recent graduates to gain hands-on experience in creating and improving insurance products. Interns typically assist with market research, competitor analysis, product design, and regulatory compliance. They work closely with product managers, actuaries, and other professionals to learn about the insurance industry and the process of bringing new products to market. This internship helps develop skills in data analysis, project management, and communication, making it valuable for those interested in a career in insurance or product management.

What are the key skills and qualifications needed to thrive as an insurance product development intern, and why are they important?

To thrive as an Insurance Product Development Intern, you typically need analytical skills, attention to detail, and a background in business, finance, or actuarial science. Familiarity with Excel, statistical analysis tools, and exposure to product management systems or databases is often expected. Strong communication, teamwork, and problem-solving abilities help you contribute effectively to cross-functional projects and adapt to a dynamic environment. These skills and qualities are crucial for developing innovative insurance products that meet market needs while complying with regulatory standards.

What is the difference between Insurance Product Development Internship vs Insurance Underwriting Internship?

AspectInsurance Product Development InternshipInsurance Underwriting Internship
Primary FocusDesigning and developing insurance products and policiesAssessing risk and determining policy terms for individual clients
Required SkillsMarket research, product design, teamworkRisk analysis, attention to detail, decision-making
Work EnvironmentCollaborative, product teams, marketing focusAnalytical, risk assessment, underwriting departments
Common Employer TypesInsurance companies, product development firmsInsurance carriers, underwriting agencies

In summary, an Insurance Product Development Internship focuses on creating new insurance products and requires skills in market research and product design. In contrast, an Insurance Underwriting Internship centers on evaluating risks and setting policy terms. Both roles are essential in the insurance industry but differ in their core responsibilities and skill sets.

What are the most commonly searched types of Insurance Product Development jobs in Illinois? The most popular types of Insurance Product Development jobs in Illinois are:
What cities in Illinois are hiring for Insurance Product Development Internship jobs? Cities in Illinois with the most Insurance Product Development Internship job openings:
Infographic showing various Insurance Product Development Internship job openings in Illinois as of August 2026, with employment types broken down into 1% As Needed, 74% Full Time, 20% Part Time, and 5% Contract. Highlights an 91% Physical, 1% Hybrid, and 8% Remote job distribution.

Product Development Technologist

fairlife

Chicago, IL โ€ข On-site

$10K/mo

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Re-posted 3 hours ago


Job description

jobย purpose:ย ย Theย Product Development Technologist supports the development, optimization, and commercialization of dairy products through hands-on laboratory and pilot plant activities as a member of the Product Development team. Working collaboratively in R&D, as well as with cross-functional partners, this role contributes to new product development, product maintenance, product improvement, and continuous improvement initiatives across multiple product lines. Responsibilities include formulation development, ingredient evaluation, analytical and functional testing, scale-up activities, technical documentation, and data analysis to support successful product launches. The Product Development Technologist ensures laboratory activities are conductedย in accordance withย quality, food safety, and regulatory requirements.ย 

responsibilities:ย ย 

  • Develops and prepares product prototypes using laboratory and pilot plant equipment to support research and development activitiesย 
  • Selects and appliesย appropriate methodologiesย for project execution and contributes to the design and implementation of experimental plansย 
  • Assistsย with pilot plant trials, scale-up activities, and production validations to support commercialization and successful product launches.ย 
  • Sets up,ย operates,ย andย maintainsย laboratory and pilot plant equipment to ensureย accurateย andย efficient testingย 
  • Participates in product benchmarking and sensory evaluations to assess product quality, performance, and competitive positioning.ย 
  • Conducts analytical and functional testing of ingredients including raw and processed dairy,ย utilizingย laboratory instrumentation; Analyzes, and interprets experimental data to support project recommendations and decision-making.ย 
  • Maintainsย accurateย laboratory notebooks, test records, and technical documentationย in accordance withย company procedures.ย 
  • Prepares summaries, reports, and presentations to communicate project findings and recommendations.ย 
  • Coordinates with suppliers and internal stakeholders, including other company locations, toย procureย materials and support project needsย 
  • Receives and organizes incoming deliveries in support of laboratory operationsย 
  • Sources ingredients and manages laboratory inventory to ensure availabilityย of materials for ongoing projectsย 
  • Maintains a clean, organized, and safe laboratory environment in compliance with company and regulatory standardsย 

skills/qualifications required:ย ย 

  • Bachelor's degree in food science, Dairy Science, Chemistry, Biology or related discipline requiredย 
  • 0-2ย years' experienceย in the food industry (Dairy applications is a plus)ย 
  • Ability to handle ambiguity and work in aย fast paced, entrepreneurial environmentย 
  • Ability to work autonomously and adapt to changes in scheduleย 
  • Proficiencyย in English: Comfortable with both written and verbal communication, including reading and writing.ย 

workingย conditions and physical requirements:ย 

  • 8+ย hours sitting/standing/walkingย 
  • Ability toย lift upย toย 40ย lbs.ย 
  • Reaching/bendingย requiredย 
  • Exposure to hazards (steam, flammable chemicals, machinery, confined spaces, etc.)ย 
  • While performing the duties of this job, the employee is exposed to a lab and pilot plant environment where the noise level is usuallyย moderate, butย can be high.ย PPE isย requiredย in certain situations and will be provided.ย ย 
  • Be flexible with hours and scheduling, ability to work all shifts including extended hours as needed (up to 12 hours due to certain trial work)ย 

howย fairlifeย nourishes you:ย 

Atย fairlife, we believe in better - and that includes how we support our people. We offer a comprehensive suite of benefits andย wellbeingย resources designed to support you physically, emotionally, socially, and financially, both in and out of work.ย 

  • Comprehensive medical, dental, and vision coverage, effective day one!ย 
  • Supplemental health plans (hospital indemnity, accident, and critical illness insurance)ย 
  • Paid Time Off to recharge and support work-life balanceย 
  • Paid parental leave & adoptionย assistanceย (up to $10,000)ย 
  • Parental support & family care benefits, including childcare resources and lactation supportย 
  • 401(k) to support retirement planning with up to 9% in employer matchย 
  • Wellness reimbursement (up to $500 for qualified wellbeing expenses)ย 
  • Employee Assistance Program (EAP) for emotional wellbeing and work-life supportย 
  • Company-paid life insurance and short-term disabilityย 
  • Employer HSA funding (for HDHP participants)ย 
  • Tuition reimbursement (up to $10,000) and student loan repayment ($200/month)ย 
  • Learning & development programs to unlock your full potentialย 
  • Rewards & recognition, matching gifts, free product, and Business Resource Groupsย 

fairlife'sย nour!shย program is designed to meet you where you are - supporting your individual wellbeing journey while enabling you to do your best work every day.ย 

position location:ย Chicago, ILย 

reports to:ย Manager, Product Developmentย 

travel requirements: 10%

exempt/nonexempt:ย Exemptย