Group 1001 is a consumer-centric, technology-driven family of insurance companies on a mission to deliver outstanding value and operational performance by combining financial strength and stability with deep insurance expertise and a can-do culture. Group1001’s culture emphasizes the importance of collaboration, communication, core business focus, risk management, and striving for outcomes. This goal extends to how we hire and onboard our most valuable assets – our employees.

Company Overview:

Clear Spring Property and Casualty Group (CSPCG) is comprised of four insurance carriers (Clear Spring Property and Casualty Company, Clear Spring Casualty Insurance Company, Clear Spring American Insurance Company, and Clear Spring National Insurance Company), each rated A- (Excellent) by A.M. Best. CSPCG assists companies in protecting themselves from today’s challenges through technology and innovation. CSPCG provides worker’s compensation, general liability, and other coverages through strong agency relationships.

Clear Spring Property and Casualty Group is a subsidiary of Delaware Life Insurance Company and its parent company, Group 1001, a collective that empowers companies to create positive growth. Everything Group 1001 does is designed to help individuals and communities thrive. Our insurance and annuities make financial products easy to understand and accessible to all. Our online investing platform gives individuals control over their savings and their futures. Our technology and innovation help companies succeed. And our strategic partnerships bring people together through education and sports. Because we all have the power to grow better. Clear Spring’s risk management solutions evolve with market needs, while traditional insurance companies struggle to keep up. Our data-driven approach and mastery of emerging technologies provide a deeper connection with customers by developing smarter, more adaptive ways to interact that address the needs of brokers and their policyholders.

We’re confident that you’ll love partnering with us.

Group 1001, and its affiliated companies, is strongly committed to providing a supportive work environment where employee differences are valued. Diversity is an essential ingredient in making Group 1001 a welcoming place to work and is fundamental in building a high-performance team. Diversity embodies all the differences that make us unique individuals.  All employees share the responsibility for maintaining a workplace culture of dignity, respect, understanding and appreciation of individual and group differences.

Job Summary

Group1001 is looking for a college student to join us as an Actuarial Intern in our Actuarial Department at our Zionsville, IN Corporate Office.

As an Actuarial Intern within our team, you will have the unique opportunity to work closely with experienced actuaries to gain practical experience in data analysis, modeling, and reporting. Interns will work on projects supporting either the Pricing or Reserving team within the Actuarial Department.

Main Responsibilities

• Assist in the development, validation, and maintenance of actuarial models.

• Contribute to the analysis of historical claims data, emerging trends, industry benchmarks, and competitive landscapes to assess the adequacy of rates and reserves.

• Contribute to the preparation and submission of rate filings to regulatory authorities, ensuring compliance with industry standards and regulations.

• Work closely with cross-functional teams to ensure accurate integration of data and effective communication of actuarial insights.

• Collaborate on the creation of reports and presentations that communicate findings, assumptions, and recommendations to both internal stakeholders and regulatory bodies.

• Assist in the documentation of methodologies and assumptions used in reserving or pricing processes.

• Contribute to special projects or initiatives aimed at enhancing the accuracy and efficiency of the reserving or pricing processes.

Qualifications

• Currently pursuing a Bachelor’s degree in actuarial science, finance, economics, math, physics, engineering or related field.

• At least one actuarial exam passed

• Strong analytical skills and attention to detail

• Strong communication skills, both written and verbal

• Strong time and project management skills

• Excellent organizational skills

• Ability to work collaboratively in a team environment

• Proficiency in Excel

• Exposure to database tools (R, SQL, Python, etc.) and prior coursework or exposure to actuarial principles and concepts is preferred.

Benefits

• Gain hands-on experience in the field of actuarial science.

• Work alongside experienced professionals who are committed to your growth and learning.

• Exposure to a dynamic and evolving industry.

• Opportunity to contribute to meaningful projects that impact the company's financial success.

• Potential for future career opportunities within the company.

Duration

This internship position is expected to be 2-3 months, starting in mid-May. The intern will work 40 hours per week, with potential flexibility to accommodate academic commitments.

Benefits Highlights:  

Employees who meet benefit eligibility guidelines and work 30 hours or more weekly, have the ability to enroll in Group 1001’s benefits package. Employees (and their families) are eligible to participate in the Company’s comprehensive health, dental, and vision insurance plan options.  Employees are also eligible for Basic and Supplemental Life Insurance, Short and Long-Term Disability, and to enroll in the Company’s Employee Assistance Program and other wellness initiatives.  Employees may also participate in the Company’s 401K plan, with matching contributions by the Company. 

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