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Insurance Product Development Internship Jobs in Normal, IL

Rivian

Insurance Agency Sales Leader

Normal, IL

Develop and execute a comprehensive training and professional development program to maintain a ... Collaborate with Rivian's internal Product and Tech teams to influence the strategic vision for ...

WillScot

Product Sales Manager

Normal, IL

$53K - $104K/yr

... development, while strategically identifying and converting new opportunities. As a product expert ... This includes medical, dental, vision, disability, life insurance, paid time off (including Company ...

River City Construction

Estimator

East Peoria, IL · On-site

$65K - $115K/yr

Review work of the estimating interns assigned to the project and ensure accuracy, completeness ... Training and Development: Estimator will utilize senior estimators to answer questions and provide ...

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All JobsInsurance Product Development Internship JobsInsurance Product Development Internship Jobs in Normal, IL

Insurance Product Development Internship information

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

As of Jun 28, 2026, the average hourly pay for insurance product development internship in Normal, IL is $20.72, according to ZipRecruiter salary data. Most workers in this role earn between $16.92 and $23.51 per hour, depending on experience, location, and employer.

What would a product development intern do?

A product development intern assists in creating and improving insurance products by conducting market research, analyzing customer needs, and supporting the design and testing of new offerings. They often collaborate with teams using tools like Excel and project management software and may gain experience in industry regulations and product lifecycle 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 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 do insurance interns do?

Insurance interns assist with tasks such as analyzing policy data, supporting product development, and conducting market research. They often work alongside experienced professionals, gaining exposure to underwriting, claims, and risk assessment processes while developing skills in industry-specific tools and software.

What are the big 4 internships?

The 'Big 4' internships typically refer to internship programs offered by the four largest professional services firms: Deloitte, PricewaterhouseCoopers (PwC), Ernst & Young (EY), and KPMG. These firms offer internships in areas such as audit, consulting, tax, and advisory, providing valuable experience for those pursuing careers in finance, accounting, and consulting. For an insurance product development internship, gaining experience in finance, analytics, and industry-specific tools can be beneficial, though the Big 4 are more focused on professional services than insurance-specific roles.

What jobs can I get in insurance?

In insurance, common jobs include underwriters, claims adjusters, insurance agents, actuaries, and risk analysts. These roles involve evaluating risks, processing claims, selling policies, and analyzing data, often requiring knowledge of insurance policies, strong communication skills, and relevant certifications or degrees.

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 Normal, IL? For Insurance Product Development Internship jobs in Normal, IL, the most frequently searched job titles are:
What job categories do people searching Insurance Product Development Internship jobs in Normal, IL look for? The top searched job categories for Insurance Product Development Internship jobs in Normal, IL are:
Insurance Product Development Internship jobs near you

Health Insurance Advisor

Senior Benefit Services

Lincoln, IL

Full-time

Medical, Dental, Vision, Life

Posted 18 days ago

Job description

Are you looking for a rewarding career with long-term growth potential? Join the Senior Benefit Services team and make a meaningful difference in the lives of seniors while building a long-term, rewarding career in insurance sales!

Senior Benefit Services has been in business for over 50 years and is one of the fastest growing organizations in the senior insurance space. We provide proven sales systems, top-tier technology, qualified leads, and dedicated support so you can focus on serving clients and growing your career.

At SBS, "We Make Medicare Easy." We help seniors and Medicare-eligible individuals compare their options and choose coverage that fits their needs. Because we represent more than 50 insurance carriers, our agents can provide personalized solutions rather than a one-size-fits-all approach.

Our product portfolio includes Medicare solutions, life insurance, home healthcare, long-term care, cancer insurance, hospital indemnity, and dental, vision, and hearing coverage, along with wealth-planning support.

If you are passionate about sales, communication, or helping others, this could be the career for you.

What You Will Do

  • Consult with prospects and clients on health-related products and services
  • Assist Medicare-eligible individuals in selecting insurance coverage that fits their needs
  • Support clients through enrollment while answering coverage questions
  • Work with existing clients and company-provided leads to build a book of business

Why Join Senior Benefit Services

  • Well-established company with more than 50 years in business and backed by Integrity, one of the nation's largest distributors of health, life and wealth solutions
  • Broad product portfolio allowing you to truly consult, not just sell
  • Make a real impact by helping seniors save money and access quality healthcare
  • Clear career paths with leadership and management opportunities
  • Agents have opportunity to build substantial long-term residual income

What Senior Benefit Services Offers

  • Uncapped income potential with residual income on majority of products sold
  • Up to $2,500 in bonus opportunities within the first three months
  • Annual incentive trip opportunities, including eligibility for the 2027 Cabo trip for qualifying new agents
  • Health Insurance available
  • Full office support staff dedicated to serving you and your clients
  • CRM system to manage appointments, clients, and goals
  • Weekly training and ongoing professional development

Qualifications

  • Insurance license not required to apply but must be obtained by start date
  • Strong work ethic and positive attitude
  • Comfort using technology and CRM systems
  • Prior sales or insurance experience is helpful but not required
  • Strong communication and relationship-building skills

We have a proven system designed to help motivated individuals succeed. Learn more about our team, culture, and career opportunities at www.sbscareers.net.