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Internship Probabilistic Risk Assessment Jobs in Cambridge, MA

CarGurus

Application Security Engineer I

Boston, MA

$63.75 - $85.25/hr

Support threat modeling and security risk assessments for CarGurus applications and products ... Internship, co-op, academic, or hands-on project experience in security or software development is ...

Jobtailor

Investment Research Associate

Boston, MA · On-site

$90 - $130/hr

Demonstrated interest in investing through relevant coursework or internship experience * Strong ... Market Risk Assessment * Investment Framework Development * Analytical Project Completion

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Internship Probabilistic Risk Assessment information

What is an internship in probabilistic risk assessment?

An Internship in Probabilistic Risk Assessment (PRA) is a temporary position where students or recent graduates gain hands-on experience analyzing and quantifying risks associated with complex systems, often in industries like nuclear energy, aerospace, or engineering. Interns typically assist in developing mathematical models, performing simulations, and interpreting data to identify potential hazards and their likelihood. This role helps interns build practical skills in risk analysis, data interpretation, and technical communication under the guidance of experienced professionals.

What do interns in probabilistic risk assessment do?

As an intern in Probabilistic Risk Assessment, you can expect to be involved in tasks such as data collection and analysis, developing risk models, and assisting senior analysts in evaluating the likelihood and impact of various risk scenarios. You may also help prepare reports or presentations that communicate risk findings to other teams. Collaboration with engineers, data scientists, and subject matter experts is common, as risk assessment often draws on diverse expertise to ensure accurate modeling and interpretation. This hands-on experience provides valuable insight into both the technical and communicative aspects of risk assessment in a professional setting.

What skills and qualifications are needed for an internship in probabilistic risk assessment?

To thrive as an Internship Probabilistic Risk Assessment, you need a solid background in mathematics, statistics, and engineering principles, often supported by coursework in risk analysis or reliability engineering. Familiarity with risk assessment software (such as SAPHIRE, RiskSpectrum, or CAFTA), statistical programming languages like Python or R, and relevant data analysis tools is typically expected. Strong analytical thinking, attention to detail, and effective communication help interns interpret complex data and convey findings clearly to multidisciplinary teams. These skills are essential for accurately identifying potential risks and contributing to safety and decision-making processes in technical industries.

What is the difference between Internship Probabilistic Risk Assessment vs Probabilistic Risk Assessment?

AspectInternship Probabilistic Risk AssessmentProbabilistic Risk Assessment
CredentialsTypically students or entry-level professionals with basic knowledgeProfessionals with specialized certifications or advanced degrees
Work EnvironmentInternship settings, training programs, or entry-level projectsFull-time roles in engineering, safety, or risk analysis teams
Industry UsageEducational and training purposes, entry-level exposureOperational risk assessments in industries like nuclear, oil & gas, or aerospace

Internship Probabilistic Risk Assessment is an entry-level, training-focused role for students or new professionals, often part-time or temporary. Probabilistic Risk Assessment is a professional, full-time role involving detailed risk analysis in high-stakes industries. The internship provides foundational experience, while the full role involves advanced analysis and decision-making.

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2027 Early Careers: Summer Intern, Underwriting - United States, Multiple Locations

AIG

Boston, MA

$16.25 - $21.75/hr

Full-time

Posted 5 days ago

AIG rating

8.7

Company rating: 8.7 out of 10

Based on 23 frontline employees who took The Breakroom Quiz

72nd of 315 rated insurance

Job description

AIG is reimagining the way we help customers manage risk. Join us as a Summer Intern in the Underwriting department to play your part in that transformation with opportunities to learn and grow your skills and experience as a valued member of the team.

About Us

At AIG, helping organizations and people discover new potential is our purpose. As a global risk leader, we do this for our clients every day. Through our deep expertise in their industries and our innovative solutions that help them smartly manage risk, we enable their growth in ways they never thought possible.

But we also do the same thing for our colleagues, because we know our people are our greatest strength - the source of every insight, every idea and every innovation. When we're working as one team to do what's right for our colleagues and our communities, we can achieve excellence together. We encourage colleagues to give back to the causes they care most about, supporting these efforts through our Volunteer Time Off and Matching Grants Programs.

Make your mark in Underwriting

AIG's underwriting teams help businesses navigate complex and evolving risks by delivering innovative insurance and risk management solutions across a broad range of industries and exposures. Our underwriters work closely with brokers, clients, and internal partners to evaluate risk, analyze financial and exposure information, and develop tailored solutions that meet clients' unique needs.


As an Underwriter, you will build expertise in risk assessment, financial analysis, and relationship management while gaining exposure to the commercial insurance industry. You will collaborate with experienced underwriting professionals and cross-functional partners, including claims, risk engineering, actuarial, and analytics teams, to make informed, data-driven decisions and help solve complex business challenges.


Opportunities are available across several underwriting businesses, including Financial Lines, Retail Property, Retail Casualty, Lexington Property, Lexington Casualty, Alternative Channels, Distribution and Captive Solutions. Each area provides the opportunity to develop specialized underwriting knowledge while building a strong foundation for a career in commercial insurance.

How you will make an impact

AIG's Summer Interns are immersed in the day-to-day operations of a fast-moving, global insurance company. During the 9-week program, you will gain valuable, hands-on experience and insurance industry knowledge, working with leaders on dynamic projects, with plenty of opportunity for challenges, learning and achievement.

Summer Interns join one of our key business teams, which offers a unique opportunity to obtain core technical knowledge and professional skills in a diverse environment. In addition to meaningful on-the-job experiences, interns will join instructor-led masterclasses, hear directly from senior leaders, and build meaningful connections through mentoring circles, networking events and volunteering.

Following completion of the internship program, interns may be considered for a role in the location where they completed their internship, with the Analyst program beginning in July 2028.

Responsibilities

  • Supporting the evaluation and analysis of risks to help determine appropriate coverage, terms, and pricing.

  • Reviewing underwriting submissions, financial information, loss history, exposure data, and other relevant materials.

  • Building relationships and communicating with brokers, clients, and internal business partners.

  • Assisting with the preparation of quotes, proposals, renewals, and other underwriting documentation.

  • Learning to apply underwriting guidelines, appetite, and risk selection strategies.

  • Partnering with experienced underwriters and cross-functional teams such as Claims, Actuarial, Risk Engineering, and Analytics.

  • Using data and analytical tools to support underwriting decisions.

  • Developing knowledge of AIG's products, industry trends, market conditions, and the specific business area in which they're placed.

  • Supporting portfolio management and helping identify opportunities for profitable growth.

Minimum Qualifications

Education Requirements

  • Bachelor's or Master's degree to be received no later than June 2028 (unofficial transcript required upon application).

Program Requirements

  • Available for the complete Summer Internship Program from June 7 through August 6, 2027.

  • Summer Intern positions are in-person opportunities, requiring interns to work in the office at least four days per week.

Core Qualifications

  • Strong written and verbal communication skills, with the ability to communicate effectively in a professional environment.

  • Demonstrated analytical, problem-solving, and organizational skills, with strong attention to detail.

  • Ability to collaborate effectively, manage multiple priorities, and adapt in a fast-paced, team-oriented environment.

Preferred Qualifications

  • Demonstrated outstanding academic and extracurricular achievement.

For applicants in Colorado, Jersey City, and New York City the hourly pay range for this position is $25.03 - $33.37.

At AIG, we value in-person collaboration as a vital part of our culture, which is why we ask our team members to be primarily in the office. This approach helps us work together effectively and create a supportive, connected environment for our team and clients alike.

Enjoy benefits that take care of what matters

At AIG, our people are our greatest asset. We know how important it is to protect and invest in what's most important to you. That is why we created our Total Rewards Program, a comprehensive benefits package that extends beyond time spent at work to offer benefits focused on your health, wellbeing and financial security-as well as your professional development-to bring peace of mind to you and your family.

Reimagining insurance to make a bigger difference to the world

American International Group, Inc. (AIG) is a global leader in commercial and personal insurance solutions; we are one of the world's most far-reaching property casualty networks. It is an exciting time to join us - across our operations, we are thinking in new and innovative ways to deliver ever-better solutions to our customers. At AIG, you can go further to support individuals, businesses, and communities, helping them to manage risk, respond to times of uncertainty and discover new potential. We invest in our largest asset, our people, through continuous learning and development, in a culture that celebrates everyone for who they are and what they want to become.

Welcome to a culture of inclusion

We're committed to creating a culture that truly respects and celebrates each other's talents, backgrounds, cultures, opinions and goals. We foster a culture of inclusion and belonging through learning, cultural awareness activities and Employee Resource Groups (ERGs). With global chapters, ERGs are a cornerstone for our culture of inclusion. The talent of our people is one of AIG's greatest assets, and we are honored that our drive for positive change has been recognized by numerous recent awards and accreditations.

AIG provides equal opportunity to all qualified individuals regardless of race, color, religion, age, gender, gender expression, national origin, veteran status, disability or any other legally protected categories.

AIG is committed to working with and providing reasonable accommodations to job applicants and employees with disabilities. If you believe you need a reasonable accommodation, please send an email to candidatecare@aig.com.

We consider qualified applicants with criminal histories, consistent with applicable law.

Functional Area:

TH - Other

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About AIG

Sourced by ZipRecruiter

American International Group, Inc. (AIG) is a leading global insurance organization. Building on 100 years of experience, today AIG member companies provide a wide range of property casualty insurance, life insurance, retirement solutions, and other financial services to customers in more than 80 countries and jurisdictions. These diverse offerings include products and services that help businesses and individuals protect their assets, manage risks and provide for retirement security.

Industry

Insurance services

Company size

10,000+ Employees

Headquarters location

New York, NY, US

Year founded

1919

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