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Insurance Product Development Internship Jobs in Normal, IL

Danaher

Software Engineer Internships

Clintonia, IL · On-site

By submitting your interest, you'll be among the first to know when internship opportunities open ... Supporting the development of console and embedded software systems * Troubleshooting issues and ...

COUNTRY Financial

P/C Senior Actuary

Bloomington, IL · On-site

$110K - $151K/yr

May specialize in pricing/product development including determining rating and pricing structures ... state insurance departments; and/or to implement new rates and rating plans, using existing ...

Countryfinancial

P/C Senior Actuary

Bloomington, IL

$110K - $151K/yr

May specialize in pricing/product development including determining rating and pricing structures ... state insurance departments; and/or to implement new rates and rating plans, using existing ...

Stukent

Senior Product Manager

Lexington, IL · On-site

$90 - $120/hr

The Senior Product Manager is responsible for the strategic development and success of core ... Health, Dental, and Vision Insurance * 401(k) plan with company match * Paid Time Off (PTO), Paid ...

Rivian

Insurance Agency Sales Leader

Normal, IL · On-site

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 ...

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

Insurance Product Development Internship information

See Normal, IL salary details

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

As of Aug 21, 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 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 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:

What cities near Normal, IL are hiring for Insurance Product Development Internship jobs?

Cities near Normal, IL with the most Insurance Product Development Internship job openings:

Insurance Product Development Internship jobs near you
Infographic showing various Insurance Product Development Internship job openings in Normal, IL as of August 2026, with employment types broken down into 1% As Needed, 74% Full Time, 21% Part Time, and 4% Contract. Highlights an 90% Physical, 1% Hybrid, and 9% Remote job distribution, with an average salary of $43,099 per year, or $20.7 per hour.

Entry Level Mechanical Engineer

Rogers Freels & Associates Inc

East Peoria, IL

$60K - $78K/yr

Full-time

Re-posted 5 days ago

Job description

RFA Engineering (www.rfamec.com) is an engineering service provider dedicated to delivering our clients with timely engineering support and expertise. We are seeking an Entry Level candidate to become an integral part of our engineering team. The selected candidate will work with an experienced engineering staff using state-of-the-art engineering tools & processes. This position will operate onsite at our customer's world-class engineering and manufacturing facility.

This is a full-time position with a full benefit package listed below that includes opportunities for professional growth, direct hire by our customers, and additional opportunities within our own organization.

Entry Level Mechanical Engineer

The selected candidate will work with an experienced engineering staff supporting the development of engines, powertrain systems, cast components, and off-highway equipment. Work will include product design, product improvement, cost reduction, product health, prototype support, validation, and manufacturing support activities. Potential projects may involve diesel and natural gas engines, axles, drives, gears, torque converters, cast components, and systems used in construction, mining, and industrial equipment. The work will be highly collaborative with both internal customers and external suppliers.

Responsibilities

  • Participate in design, development, build, and validation activities related to engines, powertrain systems, and off-highway equipment.
  • Collaborate with design teams to develop and improve mechanical systems and components.
  • Work with validation and system engineers to ensure product requirements are satisfied through appropriate testing and analysis.
  • Support prototype, pilot, and production build activities.
  • Assist with product quality, reliability, and continuous improvement initiatives.
  • Support root cause investigations and implementation of corrective actions.
  • Work with factory operations, manufacturing, quality, and supplier teams to support robust product solutions.
  • Support Bill of Material (BOM) creation and maintenance activities.
  • Create and update engineering documentation, models, and product structures.
  • Assist with APQP activities and product development processes.
  • Support supplier and customer interactions as needed.
  • Collaborate with other groups (Engineering, Manufacturing, Purchasing, Validation, Quality, Supplier Development, etc.) as necessary.
  • Travel to supplier or customer sites pending project need (up to ~5%).

Requirements

  • BSME, BSMET or equivalent degree with experience.
  • Entry level candidates and experienced candidates will be considered.
  • Strong mechanical aptitude demonstrated through work experience or hobbies.
  • Excellent communication both written and verbal.
  • Demonstrated ability to meet deadlines and commitments.
  • Strong analytical, problem solving and troubleshooting skills.
  • Ability to thrive in a team environment.
  • Ability to travel (less than 10% of time).

Desired Attributes

  • Experience with the APQP (Advanced Product Quality Planning) process.
  • Experience in 3-D Modeling Software; Creo (Pro/Engineer) experience.
  • Previous experience with Teamcenter or other PDM software.
  • Experience with manufacturing processes.
  • Design experience or exposure to off-road mobile equipment, engines, powertrain systems, or heavy machinery.
  • Experience with shop or factory support.
  • Exposure to validation, prototype builds, testing, or product development activities.
  • Desire to work in an engineering environment focusing on robust & cost effective design.

Visa sponsorship is NOT available for this position.

Pay Range: $60,000-$78,000 – Commensurate with experience

About RFA Engineering

RFA Engineering has provided product development and engineering services to industry leading customers since 1943. Our primary focus is the development of off highway equipment including agricultural, construction, mining, recreational, industrial, and special machines. Our work includes concept development, product design, documentation, problem-solving, simulation, optimization, and testing of components, systems and complete machines. Our engineering staff is located at our Engineering Center in Minneapolis, branch office in Dubuque, IA, and at numerous customer sites throughout the U.S.
Competitive Benefits

  • Health and Dental Insurance
  • Health Savings Account
  • TelaDoc: Virtual Health Care
  • Vision Insurance
  • Company Paid / Supplemental Life Insurance
  • Company Paid Long-Term Disability
  • Supplemental Short-Term Disability
  • Retirement Savings Account (Traditional 401k & Roth 401k)
  • Flexible Spending Plan Dependent Care
  • Bonus Plan (Exempt Employees Only)
  • Paid Time Off (PTO)
  • Paid Holidays
  • Bereavement Leave
  • Employee Assistance Programs (EAP)
  • Education Assistance

Equal Opportunity and Veteran Friendly