Catastrophe Modeling InternshipBookmark This
Liberty Mutual Insurance
DescriptionDescription Gain valuable business experience at a Fortune 100 company! Liberty Mutual's Reinsurance department is hiring a Catastrophe Modeling Intern. Our internship programs give you the chance to work on a variety of critical business assignments, test your skills, use your academic knowledge and match your interests to a real job. As an intern at Liberty Mutual Insurance, you will develop knowledge about the business through exposure to a functional area (such as claims, finance, sales/service, underwriting and/or IT). You will focus on developing the skills necessary for success by assisting professionals with day-to-day job assignments. You may be assigned to additional training or project work. The Company's internship program is intended to provide students from diverse backgrounds with the opportunity to practice business skills learned in school while gaining work experience. Responsibilities: This is your chance to check out Liberty Mutual Insurance as a potential employer. We will provide you with the tools and resources to be successful. Your internship supervisor and the University Relations team are always available to make sure you are benefiting from your experience. An online community of hundreds of interns will provide a collegial environment to help with your transition from school to work. You'll participate in educational and social programs that will help your development. And you may qualify for scholarships that will help with tuition costs. This internship opportunity will introduce the selected student to the use of catastrophe models in a reinsurance operation. Catastrophe models provide critical business information which enables companies to manage financial risk associated with hurricanes, earthquakes and other natural events. They are one of the primary tools used by insurers, reinsurers and other companies facing extreme risks, and the models are a key element in pricing and exposure management decisions. The intern will assist in developing, using and improving the tools used by the catastrophe modeling team, including database management tools, custom applications, and commercial risk management software. These tools provide information required to evaluate exposure and pricing for property catastrophe treaties. Projects will be selected to align with the students skills and aptitude and identified business priorities. Potential projects include:
- GIS Application . Using standard Geographic Information System (GIS) tools, develop procedures for analyzing data for potential exposure to flood and other natural catastrophes.
- General Application Development. Create new applications within existing process framework. Using application requirements provided by the team, work with existing toolset to develop and test new applications. Provide documentation and training to the team.
- Process Innovation. Develop innovations for existing process. Working with the manager, identify alternative approaches for existing tools and develop prototypes to demonstrate proof of concept.