2027 Group Benefit Solutions (GBS) Underwriting Summer Internship Program (Philadelphia, PA)

New York Life Insurance•Philadelphia, PA

3d•$21•Hybrid

About The Position

The Group Benefit Solutions (GBS) Underwriting Summer Internship Program is a 10-week program designed for rising seniors pursuing a bachelor's degree. This internship offers hands-on experience in insurance underwriting, where interns will learn how underwriters evaluate risk, assess potential customers, and develop pricing recommendations for group insurance solutions. The program includes formal training, mentorship, networking opportunities, and real-world underwriting assignments, contributing to meaningful business outcomes that help deliver financial protection and peace of mind to millions of people.

Requirements

Rising senior pursuing a bachelor's degree in Risk Management, Economics, Finance, Accounting, Mathematics, Data Analytics, Business Management, or a related field.
Strong analytical, quantitative, and critical thinking skills with a high level of comfort working with numbers.
Effective written and verbal communication skills with the ability to present ideas clearly.
Proficiency with Microsoft Office applications, particularly Microsoft Excel and Word.
Interest in pursuing a career in underwriting and the insurance industry.
Customer-focused mindset with strong organizational skills and attention to detail.
Must be authorized to work in the U.S. We do not offer any type of employment-based immigration sponsorship for this program. Likewise, this program is not available to those authorized to work under optional practical training (OPT) or curricular practical training (CPT).

Nice To Haves

Overall GPA of 3.0 or higher.
Previous coursework or internship experience related to finance, insurance, risk management, or data analysis.
Experience working collaboratively on team-based projects.
Demonstrated curiosity, initiative, and commitment to continuous learning.

Responsibilities

Participate in structured training sessions to build a foundational understanding of Group Benefits underwriting principles, products, and risk evaluation.
Partner with an experienced underwriter through one-on-one mentorship while engaging with senior leaders and expanding your professional network.
Analyze real underwriting cases by assessing risk factors and contributing to pricing decisions that support business growth and profitability.
Collaborate with fellow Group Benefit Solutions interns on a summer-long project that strengthens analytical thinking, problem-solving, and teamwork skills.
Attend speaker sessions and learning events led by New York Life leaders across Underwriting, Finance, and related business functions to broaden your understanding of the organization.