Insurance Product Development Intern

Western National Group & Umialik Insurance•Edina, MN

3d•Onsite

About The Position

Western National Insurance is seeking a Product Development Intern to join its Product Development team as part of the Summer 2027 Internship Program. This opportunity is well suited for students who enjoy analytical problem-solving, working with data, and understanding how insurance products are designed, maintained, and improved. Students pursuing Actuarial Science, Statistics, Mathematics, Data Analytics, Economics, Finance, Business, Insurance, or a related field are encouraged to apply. This role provides hands-on experience with product research, data analysis, forms, rates, rules, manuals, regulatory filings, and cross-functional insurance work. Western National provides a robust internship program designed for individuals aiming to acquire valuable experience in the insurance industry. Interns receive practical project experience, professional development opportunities, exposure to multiple areas of the company, relationships with employees and fellow interns, and opportunities to participate in impactful volunteer initiatives within the community. As a Product Development Intern, you will support the work that helps Western National build, maintain, and improve personal and commercial insurance products. This is a Product Development role, not an actuarial position, but it may be a strong fit for students with actuarial, statistical, mathematical, or other quantitative backgrounds.

Requirements

Currently pursuing a degree in Actuarial Science, Statistics, Mathematics, Data Analytics, Economics, Finance, Business, Insurance, or a related field preferred.
Interest in learning how insurance products are structured, priced, documented, regulated, and administered.
Strong analytical problem-solving skills and the ability to organize and interpret information.
Experience with Microsoft Office products, especially Excel, Word, and related data or document tools.
Strong attention to detail and accuracy.
Well-developed written and verbal communication skills.
Ability to prioritize work, meet deadlines, follow established procedures, and learn new systems.
Ability to work onsite at our corporate office in Edina, MN.
Applicants must be authorized to work for any employer in the U.S. We are unable to sponsor or take over sponsorship of an employment Visa at this time.

Responsibilities

Assist with compiling, organizing, validating, and analyzing information used in Product Development projects.
Review and update forms, rates, rules, manuals, reports, templates, and other product materials for accuracy and completeness.
Identify and/or analyze straightforward trends, comparisons, and patterns and summarize findings for the Product Development team.
Research insurance requirements, market practices, and product information; identify questions and recommend practical solutions.
Collaborate with Product Development and partners in Actuarial, Underwriting, Claims, Compliance, Operations, Technology, and Analytics.