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Insurance Product Development Internship Jobs in Inver Grove Heights, MN

What you'll do * The Product Development Engineer is responsible for the scale-up of newly ... Health Insurance: affordable plans for medical, dental, vision and wellbeing starting on day 1 * ...

Responsiblefor leading the development of sound business cases that help meet product growth ... Annual Incentive Program, Medical/Pharmacy Plan, Dental, Vision, Life Insurance, Dependent Care ...

Life insurance company is seeking an Actuary who will help lead the development, pricing, and strategic direction of Indexed Universal Life (IUL) products. The ideal candidate will be an FSA with at ...

We are seeking a Product Development Associate to join our team. This position plays a pivotal role ... Health, dental, vision, basic life, and AD&D insurance * 401(k) retirement plan with employer match

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Insurance Product Development Internship information

See Inver Grove Heights, MN salary details

$10

$22

$39

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

As of Aug 26, 2026, the average hourly pay for insurance product development internship in Inver Grove Heights, MN is $22.13, according to ZipRecruiter salary data. Most workers in this role earn between $18.08 and $25.10 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.

Product Management Leadership Development Internship Program - Summer 2027

Golden Valley, MN • On-site


Pentair
Water, Sewage, Waste, Steam, Air Heating and Cooling Systems • 10K+ employees

7.2

Company rating: 7.2 out of 10

Based on 43 frontline employees who took The Breakroom Quiz

353rd of 544 rated manufacturers

Good employer

Paid breaks

Respectful managers


$28/hr

Full-time, Temporary, Internship

Posted 22 days ago


Job description

Job Description:

Ignite your Career Journey with Pentair’s Leadership Development Internship Program!

Are you ready to gain hands-on experience, develop your leadership skills, and make a meaningful impact? Pentair is seeking ambitious, innovative, and driven students to join our Leadership Development Internship Program.

???? What Awaits You

Embark on a 12-week experience where you'll contribute to meaningful work, build lasting connections, and grow both personally and professionally. Through hands-on projects, mentorship, networking opportunities, and intern-focused programming, you'll gain valuable experience and develop skills that will help prepare you for the next step in your career.

???? Make a Difference

Each intern will be assigned to a real-world, strategic business project that you will be immersed in for the summer. Your work will directly help Pentair achieve our mission of a more sustainable future. Interns will present their project objectives, processes, and overall results and impact to leadership at the internship program's end.

???? Professional Cohort Development

As a Pentair intern, you'll join a cohort of talented students from across the organization and participate in meaningful development experiences throughout the summer. From mentorship and networking opportunities to executive speaker sessions, a team case competition, and our signature Intern Summit, you'll build valuable skills, expand your network, and gain exposure to potential career opportunities. Along the way, you'll collaborate with experienced professionals, contribute to meaningful work, and grow both personally and professionally.

???? About Pentair

At Pentair, we believe the health of our world depends on reliable access to clean water. We design, manufacture, and deliver a comprehensive range of smart, sustainable water solutions to homes, business, and industries around the world. Whether it is improving, moving, or enjoying water, we help manage the world’s most precious resource.

???? Pentair Will:

  • Offer meaningful, hands-on work through a strategic business project that will allow you to make a real impact while developing valuable professional skills.
  • Provide on-the-job training, mentorship, and coaching from experienced professionals invested in your growth and success.
  • Pay competitively.
  • Provide opportunities to connect with leaders across the organization through executive speaker sessions, coffee chats, networking events, and mentorship experiences.
  • Offer a variety of professional development, social, volunteer, and cohort experiences designed to help you build your network and accelerate your growth.
  • Give you the opportunity to collaborate with fellow interns through a team case competition and attend Pentair's Intern Summit, bringing together interns from across the company for learning, development, and connection.
  • Provide the opportunity to showcase your accomplishments through a final presentation to Pentair leaders, with the potential to be considered for future full-time opportunities upon graduation.

???? Minimum Qualifications:

  • Be pursuing a Bachelor’s Degree in Business (Finance, Marketing, Business Administration, Economics, Supply Chain, Management), Bachelor’s Degree in Engineering, or related field from an accredited university
  • Be enrolled as a junior undergraduate (Preferred Graduation Date: Spring 2028)
  • Have a strong interest in pursuing Pentair’s full-time Product Management Leadership Development Program upon graduation
  • Willing to relocate and work in locations throughout the United States while in Pentair's Leadership Development Program  
  • Be proficient in Microsoft Word, Excel, and PowerPoint  
  • Must be legally authorized to work in the United States without sponsorship now or in the future

Key Information:

  • 12-week internship program with two start date options:
    • Session 1: Late May – Early August 2027
    • Session 2: Early June – Mid-August 2027
  • This position pays an hourly rate of $28.00/ hour. Interns work approximately 40-hours each week during the internship.
  • Financial support may be offered to those relocating for Pentair’s Summer 2027 Internship Program.

Posting End Date: March 1st, 2027

Equal Opportunity Employer

Pentair is an Equal Opportunity Employer. With our expanding global presence, cross-cultural insight and competence are essential for our ongoing success. We believe that a diverse workforce contributes different perspectives and creative ideas that enable us to continue to improve every day.


Pentair logo

About Pentair

Sourced by ZipRecruiter

At Pentair, we believe the health of our world depends on reliable access to clean water. We design, manufacture, and deliver a comprehensive range of smart, sustainable water solutions to homes, business, and industries around the world. Whether it is improving, moving, or enjoying water, we help manage the world's most precious resource.

Industry

Water, sewage, waste, steam, air heating and cooling systems

Company size

10,000+ Employees

Headquarters location

Golden Valley, MN, US


What Pentair employees say

Pay

Benefits

Hours and flexibility

Workplace

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