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Insurance Product Development Internship Jobs in Commack, NY

Product Development

New York, NY · Hybrid

$125K - $190K/yr

Manage key activities of the product development process that enable the organization to achieve ... insurance and other benefits to eligible employees. Note: No amount of pay is considered to be ...

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Insurance Product Development Internship information

See Commack, NY salary details

$9

$21

$39

How much do insurance product development internship jobs pay per hour?

As of Sep 8, 2026, the average hourly pay for insurance product development internship in Commack, NY is $21.95, according to ZipRecruiter salary data. Most workers in this role earn between $17.93 and $24.90 per hour, depending on experience, location, and employer.

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.

Infographic showing various Insurance Product Development Internship job openings in Commack, NY as of August 2026, with employment types broken down into 1% As Needed, 72% Full Time, 21% Part Time, and 6% Contract. Highlights an 89% Physical, 1% Hybrid, and 10% Remote job distribution, with an average salary of $45,650 per year, or $21.9 per hour.

Summer 2027 Product Development Internship with Victoria's Secret

Victoria's Secret

New York, NY • On-site

$23/hr

Temporary, Internship

Posted 20 days ago


Victoria's Secret rating

6.3

Company rating: 6.3 out of 10

Based on 401 frontline employees who took The Breakroom Quiz

44th of 105 rated fashion retailers


Job description

Your Role
To provide a meaningful and holistic internship within our Product Development team. This intern will provide support to the Product Development team in any capacity needed for day-to-day functions of the business.
Your Impact :
• Assist PD team in tracking samples & trouble shooting late samples
• Assist PD team with Raw Material Prepositioning, tracking & trouble shooting with the Mills
• Review samples with cross functional teams to ensure accuracy
• Assist PD team with cc chart/Flex/Centric updates, and other data entry
• Attend weekly cross functional meetings with the PD team
Click here for benefit details related to this position.
Your Experience
• Be Junior or Senior year of a 4-year degree program
• Keen written, verbal & electronic communication skills
• Computer proficient with Microsoft Word, Excel, Outlook, Adobe
• Ability to be a team player
• Demonstrate strong problem-solving abilities
• Strong Organizational skills
• Previous experience in Salesforce and Flex/Centric PLM is a plus
We will consider for employment all qualified applicants, including those with arrest records, conviction records, or other criminal histories, in a manner consistent with the requirements of any applicable state and local laws. Please see links: California Fair Chance Act, Los Angeles Fair Chance Initiative for Hiring Ordinance, Philadelphia Fair Chance Law, San Francisco Fair Chance Ordinance, Los Angeles County Fair Chance Ordinance
An equal opportunity employer, we do not discriminate in hiring or terms and conditions of employment because of an individual's race, color, religion, gender, gender identity, national origin, citizenship, age, disability, sexual orientation, marital status or any other protected category recognized by state, federal or local laws. We only hire individuals authorized for employment in the United States.

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