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Insurance Product Development Internship Jobs (NOW HIRING)

Chubb Benefits

Product Development Analyst

Chicago, IL · On-site

Chubb Benefits is a well-established company in the insurance industry, seeking a Product Development Analyst to enhance their insurance product portfolio. The role involves supporting competitive ...

Axogen

Intern, R&D (Fall 2026 - Summer 2027)

Tampa, FL · On-site

$20/hr

The projects will be high-priority New Product Development projects. This internship will be an excellent opportunity to develop as a biomedical engineer and to experience all stages of the product ...

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

As of May 28, 2026, the average hourly pay for insurance product development internship in the United States is $21.19, according to ZipRecruiter salary data. Most workers in this role earn between $17.31 and $24.04 per hour, depending on experience, location, and employer.

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 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 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.

More about Insurance Product Development Internship jobs
What cities are hiring for Insurance Product Development Internship jobs? Cities with the most Insurance Product Development Internship job openings:
What are the most commonly searched types of Insurance Product Development jobs? The most popular types of Insurance Product Development jobs are:
What states have the most Insurance Product Development Internship jobs? States with the most job openings for Insurance Product Development Internship jobs include:
What job categories do people searching Insurance Product Development Internship jobs look for? The top searched job categories for Insurance Product Development Internship jobs are:
Insurance Product Development Internship jobs near you
Infographic showing various Insurance Product Development Internship job openings in the United States as of May 2026, with employment types broken down into 1% As Needed, 90% Full Time, and 9% Part Time. Highlights an 33% Physical, 17% Hybrid, and 50% Remote job distribution, with an average salary of $44,083 per year, or $21.2 per hour.

Product Development Analyst

Chubb Benefits

Chicago, IL • On-site

Full-time

Posted 28 days ago

Job description

Job Summary:
Chubb Benefits is a well-established company in the insurance industry, seeking a Product Development Analyst to enhance their insurance product portfolio. The role involves supporting competitive analysis, product development, and cross-functional collaboration to ensure effective product implementation.
Responsibilities:
• Help review and edit marketing materials and collateral, maintain product support tools, as well as develop and update product training and documentation for multiple sale channels.
• Assist with the design and development of innovative, competitive and compelling products to consistently maintain market leadership and capitalize on new growth opportunities
• Assist with benchmarking competitor offerings and industry practices, analyze competitor state product filings, review proposals, marketing materials, social media and attend industry conferences in order to stay industry leading carrier
• Participate in cross functional collaboration with Legal/Compliance, Actuarial, Group Underwriting and new Business Operations, IT and Claims to maintain products. This includes helping review, draft and revise insurance contract language and product documentation. Work with Compliance to monitor and report on our product filings and update tracking reports.
Qualifications:
Required:
• Strong attention to detail, with superior organizational and communication skills
• Ability to multi-task and successfully manage multiple priority projects
• Ability to function successfully collaborate as a member of cross functional teams, as well as perform as an individual contributor
• Demonstrated ability to meet aggressive deadlines
• Quick learner and analytical thinker
• 2+ years in Insurance Product and Product related function
• 2+ years in Worksite Insurance Market
• 2+ years in Life and Health Insurance
Preferred:
• College degree preferred
Company:
At Chubb, we are dedicated to assisting employers in safeguarding and nurturing their most valuable asset: their employees. Founded in , the company is headquartered in , , with a team of 1001-5000 employees. The company is currently Late Stage.

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