Overview of the Internship Program
Western & Southern Life Insurance offers a structured internship designed to immerse students in the core functions of a leading mutual insurance company. Interns typically work 10–12 weeks during the summer, rotating through departments such as underwriting, claims, and actuarial analysis. The program blends classroom learning with real‑world projects, allowing participants to apply academic concepts and develop professional skills.
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Key Responsibilities and Learning Opportunities
Interns contribute to:
- Data collection and analysis for underwriting decisions
- Assistance in preparing actuarial reports and projections
- Support for claims processing and customer service initiatives
- Participation in cross‑functional team meetings and strategy sessions
These tasks provide hands‑on experience in risk assessment, financial modeling, and policy administration—skills directly transferable to a full‑time role.
Application Process and Qualifications
Applicants should have a bachelor's degree in finance, actuarial science, business, or a related field, with a minimum 3.0 GPA. Strong analytical abilities, proficiency in Excel and PowerPoint, and effective communication skills are essential. The application cycle usually opens in late fall, with interviews conducted in January or February. Early preparation—attending campus recruiting events and networking with alumni—improves chances of selection.
Benefits and Compensation
Interns receive a competitive stipend, typically $15,000–$18,000 for the summer, along with health benefits and access to company resources. Additional perks include:
- Mentorship from senior leaders
- Professional development workshops
- Opportunities to network with peers across the organization
Career Pathways After the Internship
Successful interns often receive full‑time offers in roles such as underwriting analyst, actuarial associate, or client services specialist. The company values internal mobility; many alumni transition into diverse positions across product development, risk management, and corporate strategy.
Tips for a Successful Application
- Highlight relevant coursework and project experience.
- Showcase analytical projects, especially those involving data modeling.
- Demonstrate teamwork through extracurricular activities or previous internships.
- Prepare for case‑study interviews by reviewing industry trends and company initiatives.