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Insurance Product Development Internship Jobs in Indiana

Stryker

Advanced Quality AQE interns work on engineering projects related to development of new products. Areas of emphasis may include human factors engineering, risk management, application of statistics ...

WOWK-TV

Paid News Producer Intern

Indianapolis, IN

News, Creative Services, Production, and Community Development. Internship Details: * * Will be well supervised and participate in a meaningful learning experience * Upon completion of the internship ...

WOWK-TV

Paid News Producer Intern

Indianapolis, IN

News, Creative Services, Production, and Community Development. Internship Details: * * Will be well supervised and participate in a meaningful learning experience * Upon completion of the internship ...

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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 Indiana?

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

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

The top searched job categories for Insurance Product Development Internship jobs in Indiana are:

Insurance Product Development Internship jobs near you
Infographic showing various Insurance Product Development Internship job openings in Indiana as of June 2026, with employment types broken down into 4% As Needed, 7% Full Time, 85% Part Time, and 4% Contract. Highlights an 90% Physical, 1% Hybrid, and 9% Remote job distribution.

Senior Product Manager - Commercial Lines

Indianapolis, IN • On-site

Indiana Farmers Insurance
Insurance Services • 201 - 500 employees
Learn more about Indiana Farmers Insuranceexternal

$120K - $159K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Re-posted 5 hours ago

Key responsibilities

  • Serve as a strategic business leader responsible for the performance, direction, and long-term success of one or more insurance product lines.

  • Leverage data, financial analysis, market insights, and cross-functional collaboration to shape product strategy, prioritize investments, and deliver measurable business results.

  • Influence key decisions that strengthen the company's competitive position and create lasting customer value by working closely with executive leadership and business partners.

Job description

Description:

Indiana Farmers Insurance is currently looking for an experienced Commercial Lines Senior Product Manager to join our Product Management team. This position will have the opportunity to work in the office, remotely or a hybrid schedule.


If you enjoy setting product strategy, solving complex business challenges, and using data to influence decisions that drive growth and profitability, this could be the opportunity for you!


As a Senior Product Manager, you'll serve as a strategic business leader responsible for the performance, direction, and long-term success of one or more insurance product lines. You'll leverage data, financial analysis, market insights, and cross-functional collaboration to shape product strategy, prioritize investments, and deliver measurable business results. Working closely with executive leadership and business partners across the enterprise, you'll influence key decisions that strengthen our competitive position and create lasting customer value, in support of our vision.  


Benefits for the Commercial Lines Senior Product Manager:

  • Free Health insurance
  • Free Dental insurance
  • Free Vision insurance
  • Free Life insurance
  • Free Short-Term & Long-Term Disability insurance
  • 2% 401k Company Match
  • 11% 401k Company Contribution
  • Excellent Paid Time Off
  • Generous paid time for Parental Leave
  • Day of Service
  • We promote from within our widely-talented workforce regularly and consistently offer opportunities to learn and grow
  • Student Loan Assistance Program
  • Educational Incentive Program
  • Several committees to explore, to connect with co-workers and build relationships
  • Two robust Employee Assistance Programs for you and your family
  • Flexible Work Arrangements that include work locations in the office, hybrid schedules and fully remote. The type of arrangement available is determined by the position and business needs
  • Matching funds of up to $100 annually are available from the company for your favorite charitable organization
  • Associate recognition awards, fun gatherings, and opportunities to make friends are part of our culture
  • An on-site fitness center, as well as free and convenient parking, make life easier
Requirements:

Qualifications and Responsibilities for the Commercial Lines Senior Product Manager:

  • Bachelor's degree in Business, Insurance, Finance, Economics, Marketing, or a related field (or an equivalent combination of education, training, and experience)
  • Ten (10) or more years of progressively responsible experience in property and casualty insurance, product management, underwriting, actuarial, product development, or related business functions
  • Experience leading product strategy across complex or multiple lines of business
  • Experience managing product portfolios or broader line-of-business performance
  • Experience presenting strategic recommendations to executive leadership and leading enterprise-wide or cross-functional initiatives

Why work for Indiana Farmers Insurance?

  • An average associate retention of 95% over the past 5 years
  • Financially stable as shown by our A- (Excellent) rating by AM Best
  • Truly customer focused
  • A strong legacy of excellent performance throughout our 149 years in business!

For more information about Indiana Farmers, please go to https://insurance.indianafarmers.com/about-us.

Indiana Farmers Insurance is an equal opportunity employer!

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