Insurance Summer Internship Jobs in Edison, NJ (NOW HIRING)

Program Overview: 

Verisk's 2027 Summer Internship Program is designed to provide you with meaningful real-world experience, professional development, and networking opportunities. Recognized as a Top 100 Internship Program by Yello and WayUp, our program empowers interns to make a tangible impact while learning from industry experts and building connections across the organization.

This program is designed to provide you with real work experience, professional development, and networking opportunities. This is a full-time (40 hours/ week) paid internship program spanning ten weeks from June through August 2027. Participation in the internship program requires that you are located near your assigned office as the program is a hybrid work schedule, requiring you to be in the office at least 3 days per week.

We are hiring in the following U.S. location: Jersey City, New Jersey. 

We have opportunities for students interested in exploring Actuarial careers around the globe. ISO, a Verisk business, has been a leading source of information about property/casualty insurance risk since 1971. For a broad spectrum of commercial and personal lines of insurance, ISO provides statistical, actuarial, underwriting, and claims information and analytics; compliance and fraud identification tools; policy language; information about specific locations; and technical services. ISO serves insurers, reinsurers, agents and brokers, insurance regulators, risk managers, and other participants in the property/casualty insurance marketplace. 

Application deadline: Friday, Oct 2 @ 11:59pm ET

Recruitment Process:

We want to get to know YOU. Once you apply, our team will review your application. Successful candidates will be invited to a two-stage interview process including:

1. Digital Interview + Excel Assessment: Our team is keen to get to know you. We will ask you a series of questions in order to learn about what drives you and where your interests lie - it is your opportunity to make yourself stand out from the pack. This is a great way for you to meet several of our employees outside of a traditional 1:1 interview. Additionally, you will be asked to complete a comprehensive Excel assessment. This will give us a better understanding of your skills with MS Excel.

2. Final Live Virtual Interview: This round is to determine if Verisk's culture is right for you. You'll have the opportunity to speak with several members of our actuarial recruitment committee.

3. Offer: Our committee will meet and discuss your candidacy. Should you be extended an offer, we will advise you of the business and location where your internship will take place.

For over 50 years, Verisk has been the leading data analytics and technology partner to the global insurance industry by delivering value to our clients through expertise and scale. We empower communities and businesses to make better decisions on risk, faster.

At Verisk, you'll have the chance to use your voice and build a rewarding career that's as unique as you are, with work flexibility and the support, coaching, and training you need to succeed. 

For the eighth consecutive year, Verisk is proudly recognized as a Great Place to Work for outstanding workplace culture in the US, the fourth consecutive year in the UK, Spain, and India, and the second consecutive year in Poland. In addition, we've been recognized by The Wall Street Journal as one of the Best-Managed Companies and by Forbes as a World's Best Employer, testaments to the value we place on workplace culture.

We're 7,000 people strong.  We relentlessly and ethically pursue innovation. And we are looking for people like you to help us translate big data into big ideas. Join us and create an exceptional experience for yourself and a better tomorrow for future generations.

 Verisk Businesses

Underwriting Solutions - provides underwriting and rating solutions for auto and property, general liability, and excess and surplus to assess and price risk with speed and precision

Claims Solutions - supports end-to-end claims handling with analytic and automation tools that streamline workflow, improve claims management, and support better customer experiences

Property Estimating Solutions - offers property estimation software and tools for professionals in estimating all phases of building and repair to make day-to-day workflows the most efficient

Catastrophe and Risk Solutions - provides risk modeling solutions to help individuals, businesses, and society become more resilient to catastrophic events.

Specialty Business Solutions - provides an integrated suite of software for full end-to-end management of insurance and reinsurance business, helping companies manage their businesses through efficiency, flexibility, and data governance

Marketing Solutions - delivers data and insights to improve the reach, timing,relevance, and compliance of every consumer engagement

Life Insurance Solutions - offers end-to-end, data insight-driven core capabilities for carriers, distribution, and direct customers across the entire policy lifecycle of life and annuities for both individual and group.

Verisk Maplecroft - provides intelligence on sustainability, resilience, and ESG, helping people, business, and societies become stronger

Verisk Analytics is an equal opportunity employer.

No benefits are available for this internship.

All members of the Verisk Analytics family of companies are equal opportunity employers. We consider all qualified applicants for employment without regard to race, religion, color, national origin, citizenship, sex, gender identity and/or expression, sexual orientation, veteran's status, age or disability. Verisk's minimum hiring age is 18 except in countries with a higher age limit subject to applicable law.

https://www.verisk.com/company/careers/

Unsolicited resumes sent to Verisk, including unsolicited resumes sent to a Verisk business mailing address, fax machine or email address, or directly to Verisk employees, will be considered Verisk property. Verisk will NOT pay a fee for any placement resulting from the receipt of an unsolicited resume.

Verisk Employee Privacy Notice

Qualifications

Required Experience: 

• Currently enrolled in a college or university, studying Mathematics, Data Science, Statistics, Economics, Risk Management, Operational Research or related discipline.
• Must be graduating May/June 2028.
• Interest in the insurance industry. 
• Strong written and oral communication skills. 
• Ability to work independently and as part of a team. 
• Ability to work under time constraints, multi-task, and adjust plans in the face of changing priorities. 
• Continued desire and ability to learn. 
• Ability to perform essential job duties with or without reasonable accommodation. 

Preferred Experience (not required):  

• Passage of at leastone actuarial exam is preferred; not required. 
• Prior experience with Python, R or SAS is beneficial. Knowledge of SQL is a plus 
• Background experience in Tableau, Spotfire, COGNOS, Power BI or other data visualization software would be advantageous. 

The Intern Program is not eligible for work visa sponsorship.  If you will require work visa sponsorship (e.g. H1-B following CPT/OPT) at any point in time after completing your degree, you do not meet the basic requirements of the summer intern role.

#LI-JC

Qualifications

Required Experience: 

• Currently enrolled in a college or university, studying Mathematics, Data Science, Statistics, Economics, Risk Management, Operational Research or related discipline.
• Must be graduating May/June 2028.
• Interest in the insurance industry. 
• Strong written and oral communication skills. 
• Ability to work independently and as part of a team. 
• Ability to work under time constraints, multi-task, and adjust plans in the face of changing priorities. 
• Continued desire and ability to learn. 
• Ability to perform essential job duties with or without reasonable accommodation. 

Preferred Experience (not required):  

• Passage of at leastone actuarial exam is preferred; not required. 
• Prior experience with Python, R or SAS is beneficial. Knowledge of SQL is a plus 
• Background experience in Tableau, Spotfire, COGNOS, Power BI or other data visualization software would be advantageous. 

The Intern Program is not eligible for work visa sponsorship.  If you will require work visa sponsorship (e.g. H1-B following CPT/OPT) at any point in time after completing your degree, you do not meet the basic requirements of the summer intern role.

Actuarial Roles & Responsibilities:

• Prepare products for regulators and internal & external customers in a timely and accurate manner.Products may include loss cost reviews, filings, circulars, annual statistical filings, and customized data products to meet customer needs. 
• Work on other projects such as class plan reviews, territorial reviews, regulatory reports and fulfilling contractual obligations. 
• Write and run computer programs to extract data for review and report compilation. 
• Review the quality of data submitted by insurance companies both on transactional and aggregate levels. 
• Develop more efficient, automated ways to improve processing including data quality and error detection processes.This can include providing suggestions for improvements in ratemaking and data quality review procedures. 
• Help respond to questions from regulators and insurers on filings, circulars and other products. 
• Contact ISO's insurer customers and other organizations regarding the reasonableness of reported data. 
• Make actuarial and data management presentations to Insurer Panels, insurers who report data to us and ISO users of data. 
• Collaborate with other ISO divisions (actuarial, analytical and technology) on improving data, products and procedures. 
• Become a subject matter expert on one or more lines of property-casualty insurance business. 
• Perform other duties as assigned.