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Insurance Product Development Internship Jobs in Illinois

Linde Plc

R&D Intern - Summer 2027

Willowbrook, IL · On-site

$37 - $39/hr

Successful interns will have exceptional technical and leadership skills and the ability to ... We live our mission of making our world more productive every day by providing high-quality ...

Workiva

$40/hr

Contribute ideas to product development * Serve as an advocate for your customers and uphold a high ... This internship is primarily a remote opportunity. However, if you are located near one of our ...

New

Workiva

$40/hr

Contribute ideas to product development * Serve as an advocate for your customers and uphold a high ... This internship is primarily a remote opportunity. However, if you are located near one of our ...

New

Workiva

$40/hr

Contribute ideas to product development * Serve as an advocate for your customers and uphold a high ... This internship is primarily a remote opportunity. However, if you are located near one of our ...

New

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Insurance Product Development Internship information

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 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 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 popular job titles related to Insurance Product Development Internship jobs in Illinois?

For Insurance Product Development Internship jobs in Illinois, the most frequently searched job titles are:

What job categories do people searching Insurance Product Development Internship jobs in Illinois look for?

The top searched job categories for Insurance Product Development Internship 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:

Insurance Product Development Internship jobs near you
Infographic showing various Insurance Product Development Internship job openings in Illinois as of August 2026, with employment types broken down into 50% Internship, and 50% Full Time. Highlights an 60% In-person, 20% Hybrid, and 20% Remote job distribution.

2027 Product Management Consulting Intern

West Monroe

Chicago, IL • On-site

Internship

Posted 3 days ago

New

Job description

To help our recruiting team focus on your preference, please submit your application for the practice and location that is your top priority. While you can apply to up to three roles within 30 days, prioritizing your top choice is recommended. If you submit a fourth application within the 30 days, you will receive a rejection email indicating that you have reached the limit of applications you can submit.
Launch your consulting journey with West Monroe
West Monroe is seeking Consulting Interns to join our Software discipline and Product Management team within our Technology & Experience (TechEx) Practice. Our team is dedicated to creating, scaling and refining human-centered software and AI products that make a meaningful impact across diverse industries. We are passionate about designing strategies and products that people genuinely enjoy using, and that positively impact their lives.
As a Product Management Consulting Intern, you will play a role in shaping experiences that deliver value, usability, and feasibility to our clients and their customers. You will contribute to a shared understanding across the project spectrum, from high-level business objectives to detailed functionality, supporting product development teams toward continuous improvement across a range of agile methodologies.
In addition to customer strategies and product development, you will gain exposure to advisory work where you'll engage in future-state recommendations and high-level analysis across the software development lifecycle. This work includes conducting data analysis, facilitating workshops, and shadowing interviews to drive informed project outcomes.
This internship offers a unique opportunity to immerse yourself in both product development and advisory roles, allowing you to build depth and expertise while contributing to projects that drive meaningful success for our clients.
Primary Responsibilities
  • Assist in foundational Agile/traditional UX product development practices, including creating user stories and artifacts, refining backlogs, and defining product requirements
  • Contribute to discovery work by conducting competitive research, observing user interviews, supporting technical analysis, and coordinating research activities
  • Support Quality Assurance (QA) efforts by providing input on acceptance criteria and process improvement, ensuring alignment with goals and outcomes
  • Assist in crafting clear narratives using storytelling principles, and surface industry trends for product and experience opportunities and recommendations to accelerate or improve speed to market and insight quality, especially as it relates to AI and Generative AI
  • Help create and implement digital offerings like customer portals, intranet sites, mobile apps, modern integration and intelligent agents, contributing to journey and persona mapping
  • Support team in creating concise status and progress reporting and communication
  • Analyze user engagement and/or market/persona segment data to identify trends and insights that inform actionable recommendations
  • Leverage AI tools to accelerate analysis, synthesize complex information, and support data-driven recommendations for clients, exercising sound judgment in evaluating outputs
  • Apply AI technologies (e.g., generative AI, automation tools, data models) to enhance insights, improve delivery efficiency, and elevate the quality of client outcomes

What You'll Bring to the Team
  • Sharp analytical thinking and an interest in solving complex problems
  • Effective written and verbal communication skills
  • A collaborative mindset and enthusiasm for working as part of a team
  • Ability to stay organized and manage priorities in a dynamic environment
  • Demonstrated leadership through academics, extracurricular activities, or prior work experience
  • Curiosity about emerging technologies, including AI, and a passion for continuous learning and innovation

Required Qualifications
  • Bachelor's degree in progress, with an expected graduation date between December 2027 and August 2028
  • You will be asked to confirm your expected graduation month and year at the offer stage and prior to beginning your internship
  • We do request & review official transcripts from your school prior to the start of our internship program
  • If your expected graduation date falls outside of this range or changes, you are not eligible for this internship
  • Minimum cumulative GPA of 3.0
  • Legally authorized to work in the United States without limitation or sponsorship now or in the future (e.g., OPT, H-1B visa, TN, etc.)
  • Reside within 50 miles of your assigned office prior to your start date; our culture emphasizes team collaboration within a hybrid work model
  • Ability and willingness to travel (up to 50%); travel expenses covered by West Monroe
  • Experience integrating AI tools (e.g., ChatGPT) into day-to-day workflows to enhance productivity and insight generation, coupled with strong critical thinking to assess accuracy, mitigate bias, and ensure high-quality outputs

Preferred Qualifications:
Majors in:
  • Human Centered Design & Product Management
  • Human-Computer Interaction (HCI)
  • Information Systems
  • Product and User Experience Design

Join our team and make a lasting impact!
Based on pay transparency guidelines, the pay rate for this role is $40.00.
Other consultancies talk at you.
At West Monroe, we work with you.
We're a global business and technology consulting firm passionate about creating measurable value for our clients, delivering real-world solutions.
The combination of business and technology is not new, but how we bring them together is unique. We're fluent in both. We know that technology alone is not the answer, but how we apply it is. We rely on data to constantly adapt and solve new challenges. Actions that work today with outcomes that generate value for years to come.
At West Monroe, we zero in on the heart of the opportunity, getting to results faster and preparing people for what's next.
You'll feel the difference in how we work. We show up personally. We're right there in the room with you, co-creating through the challenges. With West Monroe, collaboration isn't a lofty promise, but a daily action. We work together with you to turn vision into clear action with lasting impact.
West Monroeis an Equal Employment Opportunity Employer
We believe in treating each employee and applicant for employment fairly and with dignity. We base our employment decisions on merit, experience, and potential, without regard to race, color, national origin, sex, sexual orientation, gender identity, marital status, age, religion, disability, veteran status, or any other characteristic prohibited by federal, state or local law. To learn more about diversity, equity and inclusion at West Monroe, visit www.westmonroe.com/inclusion. If you require a reasonable accommodation to participate in our recruiting process, please inquire by sending an email to recruiting@westmonroe.com.
If you are based in California, we encourage you to read West Monroe's Notice at Collection for California residents, provided pursuant to the California Consumer Privacy Act (CCPA) and linked here.

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