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Insurance Product Development Internship Jobs in Commack, NY

Markel International

Sr. Product Development Specialist

New York, NY · On-site +1

$78K - $107K/yr

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

  • PTO

The Senior Product Development Specialist is responsible for form development of new or revised insurance products and programs, drafting insurance documents and researching coverage forms for Markel ...

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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 Aug 18, 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.

What are popular job titles related to Insurance Product Development Internship jobs in Commack, NY?

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

What job categories do people searching Insurance Product Development Internship jobs in Commack, NY look for?

The top searched job categories for Insurance Product Development Internship jobs in Commack, NY are:

Insurance Product Development Internship jobs near you
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.

Associate, Insurance Product & Benefit Execution

Oscar Health

New York, NY • On-site

$91K - $120K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Re-posted 25 days ago

Oscar Health rating

6.9

Company rating: 6.9 out of 10

Based on 6 frontline employees who took The Breakroom Quiz

257th of 309 rated insurance

Job description

Hi, we're Oscar. We're hiring an Associate, Insurance Product & Benefit Execution to join our Insurance Product Development team.
Oscar is the first health insurance company built around a full stack technology platform and a relentless focus on serving our members. We started Oscar in 2012 to create the kind of health insurance company we would want for ourselves-one that behaves like a doctor in the family.
About the Role:
The Associate, Insurance Product & Benefit Execution supports the development and delivery of insurance product filings by owning product-specific components of the regulatory filing process for ACA Individual and Small Group (QHP).
This role partners closely with product managers, actuarial, compliance, technology and regulatory operational teams to translate product designs into required filing outputs, leveraging internal systems and tools. The Associate is responsible for ensuring accuracy, consistency, and completeness of product related filing materials, as well as supporting responses to regulatory objections and updates.
This position plays a critical role in enabling timely, high-quality filings by coordinating across teams, managing key deliverables, and maintaining strong operational discipline throughout the filing lifecycle.
You will report into the Vice President, Insurance Product Innovation and Development
Work Location: This is a remote / work-from-home role. You must reside in one of the following states: Arizona, California, Colorado, Florida, Georgia, Illinois, Massachusetts, Michigan, Nevada, New Jersey, New York, North Carolina, Ohio, Pennsylvania, Texas, or Virginia. Note, this list of states is subject to change. #LI-Remote
Pay Transparency: The base pay for this role is: $101,844 - $133,670 per year in New Jersey, New York, and California. The base pay for all other locations is: $91,659 - $120,303 per year. You are also eligible for employee benefits, participation in Oscar's unlimited vacation program, and annual performance bonuses.
Responsibilities:
Product Filing Execution
  • Support development of product-specific components of ACA filings, including benefits, cost-sharing structures, and plan design attributes
  • Translate product designs into required formats using internal systems and tools to support simpler filings (e.g., portfolio filing extract tools)
  • Ensure accuracy and alignment of product data across filing artifacts and internal systems
  • Partner with product managers to validate plan designs and resolve system discrepancies

Regulatory Objections & Updates
  • Support analysis and resolution of regulatory objections, including DOI and CMS feedback
  • Coordinate with Insurance Product, Technology, Compliance, and Actuarial teams to develop and implement required updates
  • Execute against objections, timelines, and resolutions to ensure timely responses
  • Maintain documentation of changes and decisions for audibility and consistency

Cross-Functional Coordination
  • Partner with Product, Actuarial, Technology, and Compliance teams to gather inputs and align on filing related deliverables
  • Communicate requirements, timelines, and dependencies clearly across stakeholders
  • Support alignment between product design and downstream filing / implementation processes

Operational Execution & Process Support
  • Maintain trackers and documentation to monitor filing deliverables, dependencies, and timelines
  • Ensure completion and quality of assigned deliverables across multiple markets
  • Identify inconsistencies, risks, or gaps in product data and escalate as needed
  • Support continuous improvement of filing workflows, tools, and documentation processes

Data Integrity & Quality Assurance
  • Validate product data across systems and filing outputs to ensure consistency and compliance with internal processes
  • Support QA processes for product-related filing components prior to submission
  • Assist in auditing outputs to ensure alignment with approved product designs
  • Ensure compliance with all applicable laws and regulations
  • Other duties as assigned

Requirements:
  • Bachelor's degree in Business, Healthcare, Economics, Mathematics, Statistics, Finance, or related field or equivalent work experience
  • 3+ years of experience in product, analytics, strategy, consulting, or insurance-related roles
  • Exposure to ACA individual and QHP products (including Small Group)
  • Strong attention to detail and ability to manage multiple deliverables simultaneously
  • Ability to work cross-functionally in a fast-paced, deadline driven environment
  • Experience operating in cross-functional, fast-paced environments
  • Strong analytical, structured problem-solving, and communication skills
  • Willingness to travel to 25% of the time.

Bonus Points:
  • Familiarity with ACA plan design concepts (e.g., EHB's, limit language)
  • Experience with Oscar internal product configuration and filing systems
  • Experience managing trackers, deliverables, and project coordination tasks
  • Strong excel and data management skills

This is an authentic Oscar Health job opportunity. Learn more about how you can safeguard yourself from recruitment fraud here.
At Oscar, being an Equal Opportunity Employer means more than upholding discrimination-free hiring practices. It means that we cultivate an environment where people can be their most authentic selves and find both belonging and support. We're on a mission to change health care -- an experience made whole by our unique backgrounds and perspectives.
Pay Transparency: Final offer amounts, within the base pay set forth above, are determined by factors including your relevant skills, education, and experience. Full-time employees are eligible for benefits including: medical, dental, and vision benefits, 11 paid holidays, paid sick time, paid parental leave, 401(k) plan participation, life and disability insurance, and paid wellness time and reimbursements.
Artificial Intelligence (AI): Our AI Guidelines outline the acceptable use of artificial intelligence for candidates and detail how we use AI to support our recruiting efforts.
Reasonable Accommodation: Oscar applicants are considered solely based on their qualifications, without regard to applicant's disability or need for accommodation. Any Oscar applicant who requires reasonable accommodations during the application process should contact the Oscar Benefits Team (accommodations@hioscar.com) to make the need for an accommodation known.
California Residents: For information about our collection, use, and disclosure of applicants' personal information as well as applicants' rights over their personal information, please see our Privacy Policy.

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