Insurance Product & Pricing Internship Program - Actuarial Track

GEICO • Bethesda, MD

8d • $26 - $41 • Hybrid

About The Position

GEICO is seeking bright and driven future college graduates for its Actuarial Track of the Product & Pricing Internship Program. This paid, 10-week summer internship offers hands-on experience in pricing and actuarial work, including determining rates for insurance products, analyzing and projecting loss trends, supporting new insurance product rollouts, and conducting other analyses that inform business decisions. Interns work with pricing and state management teams on projects that affect GEICO’s growth and profitability. The role is hybrid and requires working from the Bethesda, Maryland office three to four days per week; candidates must live within commuting distance.

Interns will work on actuarial projects, develop and present analyses and proposals to leaders and stakeholders, and gain experience with Excel, R, and Power BI. The program includes insurance, business, pricing, actuarial, and technical training; exposure to GEICO’s business objectives through forums and meetings; social and networking events; and regular mentoring meetings with State Product Management, Pricing Actuarial, and senior leaders. Interns may interview for a full-time position upon completion of the program.

Requirements

• Currently pursuing a bachelor’s or master’s degree in Math, Statistics, Actuarial Science, Economics, Business, Data/Business Analytics, or another relevant quantitative field, with expected graduation by May 2028.
• Cumulative GPA of 3.0 or higher; applicants should upload all transcripts.
• Must live within commuting distance of GEICO’s Bethesda, Maryland office and work a hybrid schedule, including three to four days per week in the office.
• Proven analytical, problem-solving, and decision-making abilities.
• Highly effective communication skills.
• Intermediate Excel skills.
• Basic proficiency with data analysis software such as R, SQL, Python, or Power BI.
• Self-driven and motivated, with leadership potential.
• Ability to handle multiple concurrent priorities and provide accurate, timely results.
• Intellectual curiosity and ability to ask insightful questions.
• Effective time management, attention to detail, and organizational skills.

Responsibilities

• Work on actuarial projects, including rate reviews, filings, loss development and trend analysis, and ad hoc analyses.
• Develop and present analyses and proposals to pricing and state management leadership and stakeholders.
• Participate in insurance, business, pricing, actuarial, and technical training.
• Participate in internship forums and departmental meetings to learn about GEICO’s business objectives and initiatives.
• Participate in social and networking events.
• Meet regularly with State Product Management, Pricing Actuarial, and senior leaders in one-on-one mentor meetings.

Benefits

• Paid 10-week summer internship.
• Opportunity to interview for a full-time position at the completion of the internship.
• Personalized development programs, mentorship, and certification assistance.
• Competitive pay, benefits, and flexibility to support well-being and future.

What This Job Offers

• Career Level: Intern