Actuarial Intern (Trainee)

Farmers Insurance•Los Angeles, CA

About The Position

Farmers Insurance Fixed-Term Internship Join Farmers to learn how actuarial functions drive profitability and customer outcomes in P&C insurance. In this intensive rotation, you'll see how underwriting risk decisions flow through claims operations, how claims data informs pricing models, and how actuarial analysis underpins strategic decisions. You'll work alongside teams making real decisions on real business outcomes—not simulated work. We are… more than just your favorite commercials.  At Farmers, we strive to deliver peace of mind to our customers by providing protection and comprehensive advice and delivering in the moments of truth. That means having people who can help us meet changing customer and business needs. Farmers high-performance culture is focused on results and the people who achieve them. We hold ourselves and others accountable for sustainably growing the business and each other. We seek solutions, own our actions, and grow.

Requirements

Currently pursuing a Bachelors (BS/BA) or Masters (MS/MA) degree in Actuarial Science, Mathematics or related field.
Rising Junior or Senior level or pursuing Masters' degree.
One Actuarial exam passed is required - P or FM would be ideal.
Excellent verbal and written communication.
Ability to manipulate and analyze data to address and solve business problems.
Willingness to independently learn and make an impact within a team environment.

Nice To Haves

Proficiency in Microsoft Office Suite
Exposure to at least one programming language, such as Python, R, SQL, VBA.

Responsibilities

Support data compilation for loss trending and exposure analysis.
Assist with rate model calculations and validation.
Contribute to loss ratio reporting and reserve analysis.
Participate in inter-team handoff meetings to see how each function impacts the others.
Contribute to process documentation or minor analytical projects.
Shadow senior staff on strategic decisions involving.