Preferred Employers Insurance, A Berkley Company specializes in providing workers’ compensation insurance to California business owners. The company serves three major Client Segments: Small Business, Mid-Larger Businesses and Programs (Groups & Association Members). The company’s distribution partners (agents & brokers) number 400 locations throughout the state. Preferred serves 10,000 policyholders and provides medical claims handling and claims management for policyholders as needed to care for injured workers. The company is rated A+ Superior by industry-rating organization, AM Best & Company

Preferred Employers Insurance is seeking an Actuarial Intern to join our team. This internship offers approximately 30 hours per week during the summer, with the possibility of continuing into the academic year. Interns will work on meaningful projects that build technical and professional skills while gaining exposure to the operations of a property and casualty insurance company. The Actuarial Intern will assist in a wide range of actuarial and analytical work that supports key business decisions, could include price monitoring, profitability analysis, operational metrics, report creation, data reporting, or competitor tracking. In addition, the intern will develop technical skills in Excel, SQL, and Power BI, and gain hands-on experience with insurance analytics. Candidates should be self-starters who thrive in a fast-paced environment, demonstrate strong analytical and problem-solving skills, and have the ability to quickly learn new business concepts and technical tools.

Key functions include but are not limited to:

• Segmentation analysis to evaluate loss performance
• Pricing recommendations for large accounts
• Territorial Analysis
• Ad hoc data requests for internal customers
• Economic market trend reports to forecast likely growth markets
• Development of templates to increase internal efficiency
• Tracking competitor rate filings
• Data reporting

• Completion of at least one actuarial exam
• Minimum overall GPA of 3.0
• Pursuing a Bachelor’s degree in mathematics, statistics, economics, finance, management science, actuarial science, or related field

• Strong analytical skills with the ability to evaluate information and draw sound conclusions

• Proactive approach to quickly tackling new assignments

• High level of accuracy with error-free work products

   

• Ability to meet deadlines and deliver timely results

• Cooperative attitude and willingness to assist others

• Diligent in producing thorough and timely work

• Excellent written and oral communication skills

• Strong technical and computer skills: proficient in Excel, SQL/Python/R is preferred